Fingerprint Biometrics: A Global Strategic Business Report
San Jose, California (PRWEB) April 10, 2015
Follow us on LinkedIn – Fingerprint Biometrics, also known as Fingerprint Identification Technology, is one of the oldest and widely used biometric technologies. Using fingerprint pattern of ridges, lines, and valleys, which are unique to each individual represents one of the most reliable among biometric technologies. Fingerprint technology, besides being widely adopted for forensic investigations, is also used for other applications such as e-Governance, national/civil ID, e-passports, law enforcement, and immigration & border management applications. The increasing deployment of access control systems by building owners is further creating a strong business case for fingerprint identification technology.
Use of fingerprint biometrics for National/Civil ID, specifically Automated Fingerprint Identification Systems (AFIS) will continue to foster growth in the market. Increasing government spending on national security measures also creates significant demand for fingerprint identification. Additionally, AFIS continues to gain traction in the enterprise sector with commercial establishments showing keen interest on using this technology for various security related functions such as physical and logical access control. Non automated FIS is finding increased adoption in the business segment. Government regulations mandating stringent security measures to be in place for key commercial centers such as office buildings, malls, hospitality and healthcare facilities are adding to the market demand for non automated FIS fingerprint biometrics.
Smartphones have emerged as the new frontier of growth for fingerprint biometrics. The significant increase in the adoption of biometric technologies in smartphones is largely due to factors such as growing concerns over data integrity and security among mobile users, rising popularity of mobile wallet concept for accomplishing banking and financial transactions, and move towards mobile cloud computing. Taking fingerprint technology to the next level in terms of precision, 3D biometrics has become an important area of research and development. With frequent outbreaks of infectious diseases emerging into a major public health hazard, contactless fingerprint systems are poised to witness sturdy gains.
As stated by the new market research report on Fingerprint Biometrics, the United States continues to remain the largest market worldwide. The Middle East is forecast to emerge as the fastest growing market with a CAGR of 14.5% over the analysis period. Growth in the region will be driven by growing social and political unrest and the ensuing increased focus on airport and border control processes. Non-AFIS Fingerprint Biometrics represents the fastest growing product segment with sales waxing at a CAGR 12.7% over the analysis period.
Major players in the global marketplace include 3M Cogent, BIO-key International Inc., Cross Match Technologies Inc., DERMALOG Identification Systems GmbH, Fingerprint Cards AB, Fulcrum Biometrics LLC, IDEX ASA, NEC Corporation of America, Precise Biometrics AB, Safran S.A., SecuGen Corporation, Suprema Inc., Synaptics, and TSSI Systems Ltd. among others.
The research report titled “Fingerprint Biometrics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, size and demand projections and forecasts. The report provides market estimates and projections in US$ Million/Thousand for all major geographic markets including the US, Canada, Europe (France, Germany, UK and Rest of Europe), Asia-Pacific, Middle East, and Latin America. Product segments analyzed in the report include Automated FIS and Non-Automated FIS. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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