Despite the presence of serious challenges, the global finger biometrics market is expected to grow moderately due to the presence of certain emerging trends that could negate the effect of challenges to a certain extent.
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The global Fingerprint Biometrics market research report identifies the following companies are the key players: Gemalto, BIO-key International, Crossmatch, HID Global, M2SYS Technology, NEC, and OT-Morpho. Other Prominent Vendors in the market are: Anviz Global, BioEnable, BioLink Solutions, DERMALOG Identification Systems, Diamond Fortress Technologies, Fingerprint Cards, FingerCheck, Fulcrum Biometrics, Futronic Technology Company, IDEX ASA, Inception Technologies, Liteon, Precise Biometrics, SecuGen, Suprema, Trac-Tech, and ZKTeco.
Complete report on the Fingerprint Biometrics Market Research Report spread across 105 pages, profiling 24 companies with table of content is now available at www.reportsnreports.com/contacts/discount.aspx?name=1097677 .
Fingerprint Biometrics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is evolution of multimodal biometrics.
One such trend is the evolution of multimodal biometrics. The implementation of multimodal biometrics for controlling access to secured premises is rising in the healthcare, BFSI, transportation, automotive, and government sectors worldwide.
Multimodal biometrics is an integration of a number of biometric technologies such as fingerprint, facial, iris, voice, hand geometry, and retina that can be used for critical application areas, where high quality of identification and verification is required.
According to the report, one of the major drivers for this market is increase in cybercrime. Cybercrime includes malware, hacking and DoS attacks, computer viruses, fraud, identity theft, harassment and threats, and phishing scams.
Cybe attacks by malware, such as Trojans, adware, and worms, are a major concern for businesses and individual consumers. This results in further driving the demand for fingerprint biometrics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one of the major factors hindering the growth of this market is high scope for inaccuracies. Fingerprint biometrics acts as a password for end-users for a number of processes.
Hence, variability in fingerprint patterns of the end-users can prevent authorized users from getting entry into secured premises. There is a possibility that fingerprint biometrics may have accuracy issues.
Similarly, FAR refers to a condition where one should be rejected, however, the user is authenticated.
The report covers the present scenario and the growth prospects of the global Fingerprint Biometrics market for 2017-2021. To calculate the market size, the report considers the revenues generated from fingerprint hardware, software, and integrated solutions.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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