- The key vendors in the global fingerprint biometrics market 2015-2019 are3M Cogent, Bio-key, Crossmatch, HID Global, M2SYS Technology, NEC and Safran.
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global fingerprint biometrics market 2015-2019. One of the major trends affecting the market is the implementation of multimodal biometrics for usage in a number of sectors such as healthcare, BFSI, transportation, automotive, and government. Multimodal biometrics, which is an integration of a number of biometric technologies such as fingerprint, facial, voice, and others, can be used to prevent unauthorized access to ATMs, healthcare databases, mobile devices, and various online and offline applications. The global fingerprint biometrics market is expected to grow at a CAGR of 13.57% between 2015 and 2019.
A number of organizations are adopting fingerprint biometric technology to prevent unauthorized access to secure premises. Governments are also imposing regulations to ensure the usage of fingerprint biometrics among end-users. Currently, North America and APAC are experiencing high adoption of fingerprint technology across various sectors such as BFSI and government. The law enforcement sector, a part of the government sector, is witnessing rapid adoption of AFIS technology, which is an advancement in fingerprint recognition to accurately identify criminals.
“Non-AFIS technology is gaining prominence in the education sector for workforce management, tracking employees and students, and cashless vending, thus eliminating buddy punching, which is inconvenient and costlier,” says Faisal Ghaus, Vice President of Technavio Research.
“This technology is being used in vehicles to ensure their security by integrating biometrics for keyless entry and keyless ignition. Also, a number of public areas such as stadiums are implementing the usage of non-AFIS technology to ensure the security of athletes.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Fingerprint Biometrics Market 2015-2019, please send an e-mail to media@TechNavio.com
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