A research study titled, “Fingerprint Access Control Market by Technology and Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Fingerprint Access Control Market is projected to be around $4.60 billion by 2022.
The global Fingerprint Access Control market was worth USD 2.22 billion in the year of 2012 and is expected to reach approximately USD 4.60 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.77% during the forecast period. The New Generation of Smart Devices in Biometrics for Access Control upgrades building security, employee management, and internal communication, at an essentially lower aggregate cost of possession than past biometric systems for physical access control. In the case of being utilized to get to building, secure confined areas inside, or for attendance and time management, biometric verification innovation has made some noteworthy progress. Only a couple of years prior, the debate encompassing biometrics was centered around whether biometrics were precise and could deal with vast populaces, among numerous other operational issues. Currently, these contentions are shut: the attention now is on upgrading the esteem related with exact and secure biometric verification.
Growing requirement for security due to the expanding risks of terrorist attacks is anticipated to add to the business growth in the upcoming years. Government associations worldwide are seeking a way to enhance security in light of increased issues from the risk of terrorism over safety of public. National governments have ordered substantial spending on safety activities, positioning accentuation on the innovation to address increasing security problems. Such activities are foreseen to boost market development over the estimate time frame. Rising demand over various enterprises healthcare and consumer electronics are foreseen to spur the business development.
On the basis of technology the global Fingerprint Access Control market is segmented into Thermal Fingerprint Access Control, Optical Fingerprint Access Control, Pressure Fingerprint Access Control, Ultrasonic Fingerprint Access Control and Capacitive Fingerprint Access Control. On the basis of application the market is segmented into Military & Defense, Consumer Electronics, Government, Healthcare, Banking & Finance and Commercial. The major players in the market are Cogent Systems, Suprema Inc, NEC Corporation of America, Aware Inc, Safran Group, Merkatum Corporation, Lockheed Martin Corporation and SecuGen Corportaion. Geographically, the market is segmented into North America, Asia Pacific, Europe and Rest of the world.
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Key findings of the Fingerprint Access Control market