DUBLIN, July 6, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Fingerprint Biometrics Market 2017-2021" report to their offering.
The global fingerprint biometrics market to grow at a CAGR of 11.78% during the period 2017-2021.
Global Fingerprint Biometrics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenues generated from fingerprint hardware, software, and integrated solutions.
According to the report, one of the major drivers for this market is increase in cybercrime. Cybercrime includes malware, hacking and DoS attacks, computer viruses, fraud, identity theft, harassment and threats, and phishing scams. Cybe attacks by malware, such as Trojans, adware, and worms, are a major concern for businesses and individual consumers. This results in further driving the demand for fingerprint biometrics.
The latest trend gaining momentum in the market is evolution of multimodal biometrics. Despite the presence of serious challenges, the global finger biometrics market is expected to grow moderately due to the presence of certain emerging trends that could negate the effect of challenges to a certain extent. One such trend is the evolution of multimodal biometrics.
The implementation of multimodal biometrics for controlling access to secured premises is rising in the healthcare, BFSI, transportation, automotive, and government sectors worldwide. Multimodal biometrics is an integration of a number of biometric technologies such as fingerprint, facial, iris, voice, hand geometry, and retina that can be used for critical application areas, where high quality of identification and verification is required.
Further, the report states that one of the major factors hindering the growth of this market is high scope for inaccuracies. Fingerprint biometrics acts as a password for end-users for a number of processes. Hence, variability in fingerprint patterns of the end-users can prevent authorized users from getting entry into secured premises. There is a possibility that fingerprint biometrics may have accuracy issues. Similarly, FAR refers to a condition where one should be rejected, however, the user is authenticated.
- BIO-key International
- HID Global
- M2SYS Technology
Other prominent vendors
- Anviz Global
- BioLink Solutions
- DERMALOG Identification Systems
- Diamond Fortress Technologies
- Fingerprint Cards
- Fulcrum Biometrics
- Futronic Technology Company
- IDEX ASA
- Inception Technologies
- Precise Biometrics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market developments
Part 07: Market segmentation by technology
Part 08: Market segmentation by end-user
Part 09: Geographical segmentation
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Five forces analysis
Part 14: Vendor landscape
Part 15: Key vendor profiles
Part 16: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/zhxd6w/global
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SOURCE Research and Markets