Published by Coherent Market Insights
Posted on September 20, 2021
United States/WA: Fingerprint Module Market Will Boom In Near Future
Report Pages:[130 Pages]
Fingerprint Module Market, by product type (fingerprint readers and fingerprint scanners), by end users (Banks, Government organizations, Telecommunication firms, Hospitals, IT Industry, and Others), by devices (Smartphones, Tablet pc, Laptops, and multimodal biometric readers), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights
Market Overview:
Fingerprint modules are secure biometric security systems of fingerprints. They are most commonly used in airports, security sectors, smartphones, and many other electronic devices. They can be used to make identification checks of people entering restricted areas, identify an individual as they leave the airport, or catch a thief in the act by printing out the fingerprint of the person. These are some of the reasons why many people choose to use a fingerprint scanner for their security needs. The fingerprint scanner is a small device that contains a built-in electronic chip and printed circuit board. When the user wants to enter their PIN or access code they simply scan the finger with the fingerprint sensor, which then reads the print and encrypts it digitally.
Competitive Landscape:
Bioenable technologies pvt ltd, Fingerprint Cards AB, Cross Match Technologies, Inc., Fulcrum Biometrics, LLC, Suprema HQ, 360 Biometrics, HID Global, Futronic Technology Company Limited, Shenzhen CAMA Biometrics Co., Ltd., and Liteon.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/658
Key Market Drivers:
Rapid growth in the Banking, financial services and insurance (BFSI) that is rapidly adopting Fingerprint readers and Fingerprint scanners for the security of data is driving growth of the fingerprint module market. For instance, in April 2021, Next Biometrics has received an initial purchase order of biometric fingerprint sensors for use in POS devices in India, which will generate NOK 1 million (roughly US$120,000) in revenue.
The growing trend of ‘bring your own device’ in various enterprises and increasing penetration of smartphone users is fostering growth of the market. For example, Cisco reported 69% of IT decision-makers to favor BYOD as a positive addition to any workplace policy because it saves workers time. More than half (53%) of all workers polled feel they’re more productive when they have their own devices.
Covid-19 Impact Analysis
COVID-19 pandemic has changed people’s preference toward the use of biometric smartcards for transactions for reducing the use of cash in order to avoid contact. Moreover, growing governments’ initiative for increasing contactless financial cards for contactless transactions allow more people to make purchases without touching a payment terminal.
Key Takeaways:
The fingerprint module market is expected to exhibit a CAGR of XX % over the forecast period, due to the growing rising concern over data security across banking and financial services due to increasing cases of data breaches. For example, a 2020 study by IBM Security found that a data breach costs a company in the financial sector an average of $5.85 million.
North America is expected to gain significant growth over the forecast period and this is attributed to the rapid adoption of advanced finger impression technology in the airport for document verification of passengers. For example, the U.S. Department of Homeland Security (DHS) is upgrading its biometric collection technology to more quickly and accurately identify international travelers.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post North America to witness significant growth in fingerprint Module Market appeared first on Gatorledger.
United States/WA: Fingerprint Module Market Will Boom In Near Future
Report Pages:[130 Pages]
Fingerprint Module Market, by product type (fingerprint readers and fingerprint scanners), by end users (Banks, Government organizations, Telecommunication firms, Hospitals, IT Industry, and Others), by devices (Smartphones, Tablet pc, Laptops, and multimodal biometric readers), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights
Market Overview:
Fingerprint modules are secure biometric security systems of fingerprints. They are most commonly used in airports, security sectors, smartphones, and many other electronic devices. They can be used to make identification checks of people entering restricted areas, identify an individual as they leave the airport, or catch a thief in the act by printing out the fingerprint of the person. These are some of the reasons why many people choose to use a fingerprint scanner for their security needs. The fingerprint scanner is a small device that contains a built-in electronic chip and printed circuit board. When the user wants to enter their PIN or access code they simply scan the finger with the fingerprint sensor, which then reads the print and encrypts it digitally.
Competitive Landscape:
Bioenable technologies pvt ltd, Fingerprint Cards AB, Cross Match Technologies, Inc., Fulcrum Biometrics, LLC, Suprema HQ, 360 Biometrics, HID Global, Futronic Technology Company Limited, Shenzhen CAMA Biometrics Co., Ltd., and Liteon.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/658
Key Market Drivers:
Rapid growth in the Banking, financial services and insurance (BFSI) that is rapidly adopting Fingerprint readers and Fingerprint scanners for the security of data is driving growth of the fingerprint module market. For instance, in April 2021, Next Biometrics has received an initial purchase order of biometric fingerprint sensors for use in POS devices in India, which will generate NOK 1 million (roughly US$120,000) in revenue.
The growing trend of ‘bring your own device’ in various enterprises and increasing penetration of smartphone users is fostering growth of the market. For example, Cisco reported 69% of IT decision-makers to favor BYOD as a positive addition to any workplace policy because it saves workers time. More than half (53%) of all workers polled feel they’re more productive when they have their own devices.
Covid-19 Impact Analysis
COVID-19 pandemic has changed people’s preference toward the use of biometric smartcards for transactions for reducing the use of cash in order to avoid contact. Moreover, growing governments’ initiative for increasing contactless financial cards for contactless transactions allow more people to make purchases without touching a payment terminal.
Key Takeaways:
The fingerprint module market is expected to exhibit a CAGR of XX % over the forecast period, due to the growing rising concern over data security across banking and financial services due to increasing cases of data breaches. For example, a 2020 study by IBM Security found that a data breach costs a company in the financial sector an average of $5.85 million.
North America is expected to gain significant growth over the forecast period and this is attributed to the rapid adoption of advanced finger impression technology in the airport for document verification of passengers. For example, the U.S. Department of Homeland Security (DHS) is upgrading its biometric collection technology to more quickly and accurately identify international travelers.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post North America to witness significant growth in fingerprint Module Market appeared first on Gatorledger.
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