A fingerprint sensor can capture biological features of the fingerprint by a live scan. It compares it with the present biometric template which is available in the database.
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According to MarketIntelReports' “Global Fingerprint Sensors Market Research Report 2016”:
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It provides authentication to the individual. The biometric system is usually used in commercial securities.
Fingerprints provide a faster access to the personal details of a person, location, mails, and other encrypted data.
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Smartphones, tablets, and laptops are the main applications of the Fingerprint Sensors Market. This method ensures that unauthorized people do not have access.
It is even used in payment modes instead of cash or card.
Scope & Regional Forecast of the Fingerprint Sensors Market
Secure access to the data will propel the growth of the Fingerprint Sensors Market in the coming years. Online and mobile commerce options have also led to the use of thumb scanner device.
However, lack of awareness and constraints of electronic devices with fingerprint sensors can limit the market growth.
Countries like Germany, US, UK, China and South Korea will have a larger share of the fingerprint recognition method. Government regions in Asia Pacific provide opportunities for the development of smart cards.
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Security checks in governments and corporate organisations will lead to the growth of access control in the future. Implementing this feature in different applications by the government will favor the industry.
Increasing adoption of the bio fingerprint two way authentication system or multi factor authentication system provides a good security and access for areas which need high end security requirements. Adoption of fingerprint card in consumer electronics helps consumers to have a sound knowledge about the sensors.
Segmentations & Key Players Involved in the Fingerprint Sensors Market
The Fingerprint Sensors Market can be broken down into various segments as follows:
- Region- North America, Europe and Asia.
Some of the key players involved in the Fingerprint Sensors Market are as follows:
- Fingerprint Cards AB
- Cross Match Holdings
- Synaptics Incorporated
- VKANSEE Technology
- IDEX ASA
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