Fingerprint Access Control System Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 – 2023: Fractovia.org
Increase in proportion of criminal & terrorist activities across the globe has created a great need for providing enhanced security to a wide range of applications in banking & finance, healthcare, military & defense, commercial, consumer electronics, and government sectors. These additional security measures are predicted to benefit the fingerprint access control system market over the coming years. Growing demand for security features in smartphones, personal digital assistants, and laptops are forecast to boost the industry revenue over the coming seven years. Moreover, the rise in technological innovations coupled with favorable government policies towards access control are expected to be the key drivers for the industry growth over the coming years. Other factors fueling the market expansion includes introduction of new communication technologies like 3G, Wi-Fi, and 4G. As per Global Market Insights Inc.,” The fingerprint access control system market is anticipated to reach USD 4.76 billion by 2023, growing at a CAGR of 7.2% over the period of 2016-2023.”
Fingerprint access control system finds its applications in consumer electronics, government, military & defense, commercial, banking & finance, and healthcare industries. The commercial segment was the key application area of fingerprint access control system in 2015 having contributed nearly 30% towards the global market share. The fingerprint access control system applications are predicted to witness a rise in this segment over the coming seven years due to growing demand for security & safety. Its applications in the consumer electronics segment are forecast to grow at a CAGR of 10% over the period of 2016-2024 as electronic items such as smartphones, personal computers, and tablets require a high level of security features to protect their data. These systems also find high applications in the banking segment which requires high data security and data integrity. The Europe market share is predicted to witness a significant growth over the coming seven years. UK and Germany are predicted to be major revenue contributors of the region. Fingerprint access control system finds its applications in consumer electronics, government, military & defense, commercial, banking & finance, and healthcare industries. The commercial segment was the key application area of fingerprint access control system in 2015 having contributed nearly 30% towards the global market share. The fingerprint access control system applications are predicted to witness a rise in this segment over the coming seven years due to growing demand for security & safety. Its applications in the consumer electronics segment are forecast to grow at a CAGR of 10% over the period of 2016-2024 as electronic items such as 1|Page
smartphones, personal computers, and tablets require a high level of security features to protect their data. These systems also find high applications in the banking segment which requires high data security and data integrity.
The Latin America fingerprint access control system market is predicted to witness a significant growth over the period of 2016-2023 owing to increase in foreign capital investments, a rise in the rate of crimes, unexplored private security segment, and growing number of business formation activities. The Asia Pacific market is also projected to display a noticeable growth over the period of 2016-2023 as biometric system in countries like China and Korea do not match international standards. The North America market is anticipated to witness significant growth over the period of 2016-2023. The U.S. fingerprint access control system market size is forecast to exceed USD 1.3 billion mark by 2023 and expected to contribute significantly towards the regional growth due to the increasing application of fingerprint access control system in healthcare and consumer electronics industries. The Europe market share is forecast to touch USD 1.12 billion by 2023. Key industry players include NEC Corporation, HID Global, 3M Cogent, Safran S.A., and Suprema Inc. These market players will try to increase their market share through mergers & acquisitions and joint ventures. Browse key industry insights spread across 130 Pages with 63 market data tables & 51 figures from the report, “Fingerprint Access Control System Market Size By Application (Banking & Finance, Consumer Electronics, Commercial, Government, Healthcare, Military & Defense), By Technology (Capacitive, Optical, Pressure, Thermal, Ultrasonic), Industry Analysis Report, Regional 2|Page
Outlook (U.S., Canada, Germany, UK, China, Japan, India, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents: https://www.fractovia.org/news/industry-research-report/fingerprint-access-controlsystem-market
Segmentation of Fingerprint Access Control System Market: Fractovia.org has segmented the fingerprint access control system industry on the basis of technology, application, and region: • Global Fingerprint Access Control System Technology Analysis (Revenue, USD Million; 2012 - 2023) o
Optical
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Capacitive
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Pressure
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Ultrasonic
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Thermal
• Global Fingerprint Access Control System Application Analysis (Revenue, USD Million; 2012 - 2023) o
Commercial
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Consumer electronics
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Government
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Military & defense
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Banking & finance
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Healthcare
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Others
• Global Fingerprint Access Control System Regional Analysis (Revenue, USD Million; 2012 - 2023) o
North America U.S.
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Canada o
Europe Germany UK
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Asia Pacific China India Japan
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Latin America Brazil Mexico
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MEA
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