The Global Fingerprint Biometrics Machine Market size is projected to grow at a CAGR of 7.7% during the forecast period, with its revenue reaching $X.X billion by 2028. The market witnessed significant growth in 2018 and is anticipated to continue growing over the next decade.
A fingerprint biometrics machine is a device that captures and analyzes the unique patterns of an individual's fingerprints. These machines are used in many different areas such as airports, government offices, financial institutions, etc. to verify individuals' identities when entering secure spaces or completing security procedures. They can be embedded in a laptop, tablet, and smartphone as well as dedicated terminals such as ATMs and point-of-sale (POS) systems.
On the basis of Type, the global fingerprint biometrics machine market is segmented into single finger and multi-finger.
A single-finger type of fingerprint biometrics machine is a device that can be used to capture and store the fingerprints of one person. The primary function is for identification purposes, hence it works by storing every unique print from each finger on a digital storage medium thus allowing users to make use of their fingers as an ID card. This makes the process of accessing a system much easier and faster.
Multi-finger is a type of fingerprint biometrics machine. It stores and processes more than one finger in its system at once. The features of a multi-finger type of fingerprint biometrics machine are that it can be used for multiple fingers. Single finger types tend to read the same print in order to use, but with this one, you could have more than two prints stored at once. This would allow users who tend to do things like hold children or pets while using their hands for other tasks like typing on keyboards, making payments online, and so forth. There are various benefits of using multi-finger fingerprint machines, including the ability to capture all ten fingers in one session.
On the basis of Application, the global fingerprint biometrics machine market is segmented into Government, Banking and Finance, Travel and Migration, Criminal.
On the basis of Region, the global fingerprint biometrics machine market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is expected to account for the largest share of the global fingerprint biometrics machine market in 2018. The increased demand for secure identification and authentication system across various industries such as government, finance & banking, travel & immigration has fuelled the growth of this regional market. Furthermore, technological advancements in fingerprint technologies are also boosting its adoption by end-users resulting in significant CAGR during the forecast period. However, Asia Pacific is projected to exhibit the highest growth rate at a substantial level during 2019 – 2028 owing to the increasing usage of smart devices that require security measures like fingerprint technology.
The Latin American fingerprint biometrics machine market is expected to grow at a CAGR of 14.63% during the forecast period (2018-2028). The region offers high potential for investments in this market due to its large population, several untapped opportunities, and rising demand for smart locks among other factors. The European fingerprint biometrics machine market is highly fragmented and competitive, with the presence of some major companies including Cross Match Technologies (US), Precise Biometrics (Sweden) among others. Among all end-users verticals, the government sector has been dominating the overall European fingerprint biometrics machine market in terms of revenue since 2013, owing to rising crime rates against women & children which have increased demand for reliable security solutions across Europe. Government agencies are increasingly using this technology to improve security standards at airports and other transport hubs due to the growing need for improved safety procedures.
The global fingerprint biometrics machine market is expected to grow with increasing security concerns. The demand for high accuracy and multiple features supported by this technology are expected to drive the growth of the market in the coming years. This industry provides strong support to individuals who have compromised credentials or records, which can be accessed through this platform without any hassle.
Up Market Research published a new report titled “Fingerprint Biometrics Machine Sales Market research report which is segmented by Types (Single Finger, Multi Finger), By Applications (Government, Banking and Finance, Travel and Migration, Criminal, Others), By Players/Companies Safran, Suprema, HID Global, NEC, Dermalog Identification Systems, M2SYS Technology, Northrop Grumman, Green Bit, Bio-key, ZKTeco, Integrated Biometrics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Fingerprint Biometrics Machine Sales Market Research Report|
|By Type||Single Finger, Multi Finger|
|By Application||Government, Banking and Finance, Travel and Migration, Criminal, Others|
|By Companies||Safran, Suprema, HID Global, NEC, Dermalog Identification Systems, M2SYS Technology, Northrop Grumman, Green Bit, Bio-key, ZKTeco, Integrated Biometrics|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||209|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Single Finger, Multi Finger and By Application Government, Banking and Finance, Travel and Migration, Criminal, Others.
Some of the companies that are profiled in this report are:
Fingerprint Biometrics Machine Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Fingerprint Biometrics Machine Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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