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New report examines the biometric access control system market forecast to 2022

Consumer Market Research

Some biometric technologies such as fingerprint and iris recognition are being used for the same. Since these biometric technologies are cost-effective and user-friendly, integration of access control systems with these biometric technologies is expected to provide significant traction to the market during the forecast period.

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The need for highly secure identification and personal verification systems has increased especially in the BFSI sector. For instance, JPMorgan was affected by a serious data breach in 2014.

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Hackers attempted to access its servers and gained access to the names, addresses, emails, and telephone numbers including savings account information of nearly 83 million customers.

Thus, to counter such incidents all global banks and financial institutions have started integrating biometrics technologies such as voice recognition and fingerprint recognition with access control systems in mobile applications. During the forecast period, mobile devices such as smartphones will emerge as a popular choice for secure access to online accounts.

To calculate the market size, the report considers the revenue generated from the sales of biometric solutions, including hardware, software, integrated solutions, and services used for access control. The report considers biometric access control systems used for on-premise and in networks.

The revenue generated from after-sales services is not considered in the report.

The market is fragmented with the presence of many small and large vendors. A detailed product and feature comparison for the key leading vendors is provided in the report.

In addition, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole. It also examines key emerging trends and their influence on current and future market scenarios.

This report provides comprehensive analysis of
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs

Global Biometric Access Control System Market: Regional Segment Analysis
North America
Southeast Asia

The Major players reported in the market include:
3M Cogent
HID Global
M2SYS Technology
Abacus Infotech
Anviz Global

Global Biometric Access Control System Market: Product Segment Analysis
Type 1
Type 2
Type 3

Global Biometric Access Control System Market: Application Segment Analysis
Application 1
Application 2
Application 3

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