Global Fingerprint Access Control Systems Market Size By Technology (Optical Fingerprint Access Control System, Capacitive Fingerprint Access Control System), By Application (Commercial, Consumer Electronics, Military And Defense), By Geographic Scope And Forecast

Fingerprint Access Control Systems Market Size And Forecast

Fingerprint Access Control Systems Market size was valued at USD 2.21 Billion in 2021 and is projected to reach USD 4.37 Billion by 2030, growing at a CAGR of 8.18% from 2022 to 2030.

The Fingerprint Access Control System report helps identify and engage high-potential talent to drive business performance and profitability. Security, Convenience, and Affordability along with the increasing number of research and developments taking place in the field of biometrics, are the key drivers for the Fingerprint Access Control Systems Market. The Global Fingerprint Access Control Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Fingerprint Access Control Systems Market Definition

Fingerprint Access Control Systems use a fingerprint scanner to create a template for each person you want to authorize for access. Then when they present their finger at a fingerprint reader, for example, by a door or a locker, the technology compares the given fingerprint with the stored template in its database. If it’s a match, the person is given access; otherwise, it denies the permit. Fingerprint technology can be implemented in a standalone manner or could be incorporated with smart cards, digital signatures, or other technologies.

Global Fingerprint Access Control Systems Market Overview

Fingerprint security systems are a good choice for the firms and companies to put into place because they tend to be challenging to hack, as there is no password or any sort of data to input. Due to the upsurging need for security and customer protection from cyber scams, spamming, and hacking the Fingerprint Access Control Systems Market has been experiencing significant growth during the past few years. As new infrastructure demands higher security, the construction of infrastructures and buildings is acting as a key driver for the growth of the Global Fingerprint Access Control Systems Market. The increasing population and urbanization are some other drivers of the market.

However, the growing demand for other biometrics-based authorization systems, such as access control systems based on iris recognition or palm recognition, is rising in several sectors. These alternatives act as a major restraining factor for the global market. But, in recent times, governments have started various security control programs to reduce the number of identity theft cases. The government spending on biometric programs and equivalent and the increase in data security and integrity among mobile users are some of the opportunities that can be utilized to grow the market during the forecasted period.

Global Fingerprint Access Control Systems MarketSegmentation Analysis

The Global Fingerprint Access Control Systems Market is Segmented on the basis of Technology, Application, and Geography.

Fingerprint Access Control Systems Market, By Technology

• Optical Fingerprint Access Control System
• Capacitive Fingerprint Access Control System

Based on Technology, the market is bifurcated into Optical Fingerprint Access Control System and Capacitive Fingerprint Access Control System. The optical fingerprint access control system offers high image quality, low-cost maintenance, physical resistance, easy integration, high resolution, and large sensing areas. Ascribed to these factors, the Optical Fingerprint Access Control Systems segment is anticipated to grow during the forecasted period. On the other hand, the Capacitive Fingerprint Access Control System offers compact sizes and low cost. It is cost-effective and can easily get embedded into small devices. Hence, it can also be anticipated to witness considerable growth over the forecasted period due to its use across various applications such as banking, healthcare, entertainment, and internet access as it prevents fake enrollment.

Fingerprint Access Control Systems Market, By Application

• Commercial
• Consumer Electronics
• Military & Defense
• Government
• Healthcare
• Banking & Finance
• Others

Based on Application, the market is bifurcated into Commercial, Consumer Electronics, Military & Defense, Government, Healthcare, Banking & Finance, and Others. The Consumer Electronics Applications segment holds the largest market share, ascribed to the Intensifying demand for a high level of security to protect data across smartphones, tablets, and computers. However, the Commercial applications segment is anticipated to witness significant growth during the forecasted period ascribed to the increased demand for security and safety across the business sector.

Fingerprint Access Control Systems Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of The World

Based on Regional Analysis, the Global Fingerprint Access Control Systems Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America held the largest share of the global market during the Base year. High awareness among the population’s need to maintain security and technologically advanced infrastructure are the main reasons making North America a market leader for the Fingerprint Access Control Systems. Europe and other APAC regions follow the market due to the increasing cyber-crimes and system hacking.

Key Players

The “Global Fingerprint Access Control Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3M Cogent, Cross Match Technologies Inc., Lockheed Martin Corporation, NEC Corporation of America, SecuGen Corporation, Aware, Inc., Anviz Global, Daon Inc., IDtech 360, Suprema Inc., Safran Group, Merkatum Corporation, Fingerprint Cards AB (FPC), ZKTeco.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• May 2022, SmartMetric Announced the development of a combined multi Function Contact and contactless Biometric Fingerprint Activated Credit Card that uses energy harvesting as well as an internal Solid-State Battery.
• May 2022, Fingerprint Cards AB (the World’s leading biometrics company) and Feitian (the global leading provider of cyber security solutions) announced that they are continuing their long-lasting relationship by bringing to market biometric cards based on Fingerprints’ T-Shape module and BEP software platform, aimed at the payment and access segment.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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