Fingerprint Access Control Systems Market Upsurge With Increasing Threat of Crime And Terrorism
Global
Fingerprint Access Control Systems Market: Description
Fingerprint
access control systems are used to control and monitor access to a
particular complex. These utilize the uniqueness of human
fingerprints to keep out intruders and keep the respective area safe.
Fingerprint patterns of authorized personnel are stored in the
processing units of fingerprint accent control systems and used to
find a match for the fingerprint being presented. Usage of
fingerprint access control systems is increasing across the world due
to the higher standard of security these provide.
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Application
of fingerprint access control systems is common in crucial sectors
such as commercial, consumer electronics, government, military and
defense, health care, and banking and finance. Demand for fingerprint
access control systems is expected to increase in each of these
application segments in the next few years, with the increasingly
favorable regulatory scenario and rising usage of smartphones for
business and monetary transactions expected to emerge as influential
factors determining the trajectory of the market.
Global
Fingerprint Access Control Systems Market: Drivers and Restraints
The
primary driver of the global fingerprint access control systems
market is the increasing threat of crime and terrorism, which has led
to many sectors initializing upgrades in their security
infrastructure. Research into accurate identification and security
systems has received significant funding, as it is the first step
toward maintaining safety. This in turn has benefitted the global
fingerprint access control systems market.
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The
increasingly favorable regulatory scenario governing access control
systems has also augmented the global fingerprint access control
systems market. Application of fingerprint access control systems is
the highest in commercial complexes; however, usage of these systems
in government applications is rising. Fingerprint access control
systems are being encouraged or outright mandated in other sectors
such as finance and banking and consumer electronics. These sectors
have the potential to drive the global fingerprint access control
systems market in the near future.Incorporation of fingerprint
recognition in consumer electronics such as smartphones enables other
sectors such as banking and ecommerce to design apps that can make
use of this functionality. This is likely to act as a major driver of
the global fingerprint access control systems market considering the
rising popularity of devices such as smartphones and tablets.
On
the other hand, the global fingerprint access control systems market
is hamstrung in part by the growing demand for other biometrics-based
authorization systems. Demand for access control systems based on
iris recognition and palm recognition, in particular, is on the rise
in several sectors. This acts as a major restraint of the global
fingerprint access control systems market.
Global
Fingerprint Access Control Systems Market: Geographical Overview
North
America held the largest share of the global fingerprint access
control systems market in 2015. Technologically advanced
infrastructure and high awareness among the population about the need
to maintain security are the key drivers of the fingerprint access
control systems market in North America.
North
America is likely to dominate the global fingerprint access control
systems market during the forecast period. However, Asia Pacific and
Middle East & Africa are expected to be lucrative markets in the
next few years. Rise in demand for sophisticated authorization
systems due to events such as the 2022 FIFA World Cup to be held in
Qatar is anticipated to drive the fingerprint access control systems
market in the Middle East.
Major
players in the global fingerprint access control systems market are
Cogent (3M), Diamond Fortress Technologies, Hitachi, Cross Match
Technologies, Inc., and Anviz Global, among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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