Fingerprint Access Control Systems Market: Rising Concerns over Threats of Crime and Terrorism to Fuel Demand
A
new research study by Transparency Market Research (TMR) presents a
comprehensive evaluation of the global market for fingerprint access
control systems, taking its existing and historical performance into
consideration. It also assesses the key driving forces, prominent
trends, hurdles, growth prospects, and opportunities of this market
to determine its future scenario.The research study, titled
“Fingerprint Access Control Systems Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,”
states that the augmenting threat of crime and terrorism, leading to
the upgradation in security infrastructure of a number of industries
is fueling the demand for fingerprint access control systems across
the world. The rising investments to increase research activities to
develop accurate identification and security systems is also boosting
the global market for fingerprint access control systems
significantly.
In
addition to this, the rising implementation of regulatory norms and
conditions, encouraging the usage of these systems in consumer
electronics is likely to drive the growth of this market considerably
in the coming years. However, the advent of substitutes, such as
biometrics-based, iris-based, and palm-based authorization systems,
may obstruct the growth trajectory of the worldwide market for
fingerprint access control systems in the coming years, states the
research report.
North
America has acquired the leadership among all the regional markets
for fingerprint access control systems. With a technologically
advanced infrastructure and a high level of awareness among consumers
regarding the need to maintain security, North America is anticipated
to retain its dominance during the forecast period. On the other
hand, Asia Pacific and the Middle East and Africa are projected to
offer lucrative growth opportunities to market participants in the
next few years. The rising demand for state-of-art authorization
systems, on account of the upcoming events, such as the FIFA World
Cup - 2022, which is to take place in Qatar, is expected to drive the
market for fingerprint access control systems in the Middle East
significantly over the next few years, states the research report.
The
competitive landscape of the worldwide market for fingerprint access
control systems has also been evaluated in this research report.
Analysts have reviewed the profiles of the key companies in this
market to identify its existing hierarchy. Diamond Fortress
Technologies, Cogent (3M), Cross Match Technologies Inc., Hitachi,
and Anviz Global are some of the leading manufacturers of fingerprint
access control systems across the world, reports the market study.
The
key objective of this report is to provide a better understanding of
this market to participants in a bid to help them in business
development.
Market
Insight can be Viewed @
http://www.transparencymarketresearch.com/fingerprint-access-control-systems-market.html
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