North America Dominated Globally Followed by Europe and Asia-Pacific. The global fingerprint access control systems market is experiencing a major boost, due to the up surging need for security and customer protection from identity theft, as cyber scams, spamming, and hacking are increasing. As the e-commerce industry is growing continuously, the number of cases against fraud, identity theft, and hacking are also increasing. The construction of infrastructures and buildings is a key driver for the growth of the global fingerprint access control systems market, as new infrastructure demands higher security.
The increasing population and urbanization are some of the other drivers of the global fingerprint access control systems market. Various security control programs have been started by the governments to reduce the number of identity theft cases.
The government spending on biometric programs and equivalent systems is mainly driven by the national identity card programs and numerous electronic passport (e-passport) services in various countries. The increase in data security and integrity among mobile users are some of the major factors, responsible for driving the adoption of fingerprint access control systems in smartphones.
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A user who is attempting to access a protected resource, places his or her finger on a fingerprint sensor or reader at an access point, where the system has been integrated. The fingerprint is then, scanned by the sensor and the image is transmitted to a server, where it is compared with a warehouse of the stored fingerprints.
If the print matches any of the stored print, the individual is granted access.
During the forecast period, the government and commercial sectors are anticipated to be the major application segments. The banking & financial sector is adopting this technology for safeguarding the access to crucial banking data and increase their security over mobile payments.
Banks across the world are incorporating fingerprint biometric technology in their automated teller machine (ATM) to enhance security. The increased integration of fingerprint scanning technology in smart devices is expected to drive the growth of the consumer electronic application segment during the forecast period.
The growing popularity of smart device with this technology is expected to drive the adoption of fingerprint access control systems across various applications. The requirement for tightening security in military & Défense, border protection, and customs is also projected to fuel the market.
The continuous developments in 3D biometrics are also propelling the growth of the global fingerprint access control systems market. The increase in number of research and developments taking place in the field of biometrics are boosting the growth of the global fingerprint access control systems market.
In 2014, North America dominated the global fingerprint access control systems market followed by Europe and Asia-Pacific. The increasing popularity of alternate biometric systems, such as iris, palm, and face recognition is anticipated to pose a challenge for the growth of the global market during the forecast period.
The technical inconsistencies and imitation with fingerprint capturing are also expected to restrict the revenue growth in the future. Anviz Global, CROSSMATCH, Aware Inc., Entertech Inc., MorphoTrust USA, SecuGen Corporation, SUPREMA, Hitachi Ltd., Diamond Fortress Technologies Inc., 3M are some of the competitors in the global fingerprint access control systems market.
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