Global Fingerprint Unlock - Market Overview:
A fingerprint unlock is a piece of technology that detects and authenticates an individual's fingerprints to permit or refuse access to a computer system or physical location. It is a sort of biometric authentication system that uses a mix of hardware and software mechanisms to identify an individual's fingerprint scans. Fingerprint unlocks are no longer limited to the most expensive products. These days, even many low-cost phones include the technology, which is essential for app security. The technology has also advanced significantly since its initial incarnations, becoming quicker and more precise at gathering fingerprints.
As per latest study released by AMA Research, the Global Fingerprint Unlock - market is expected to see growth rate of 11.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity of Multimodal Authentication and Rapid Development of Cloud Based Biometric Solutions
Market Growth Drivers:
Increase in Demand for Fingerprint Scanners for Security of Various Online Transactions and Services and Growing Development of Technology in Electronic Devices such as Smartphones
Challenges:
Imitation of Fingerprints to Unlock Devices, Access to Documents etc and Risk of Health Issues due to Significant Number of People using a Single Fingerprint Unlock
Restraints:
People's Skin Problems have an Impact on the Accuracy and Operation of the Device
Opportunities:
Increase in Use of Fingerprint Unlock by Corporate Firms and Rise in Threat of Cyber Crime and Terrorism
Competitive Landscape:
The demand for Fingerprint Unlock is increasing due growing use smartphones and rising cyber threats and terrorism with each passing day. The Companies in this industry are facing fierce competition. Many global and regional service providers compete directly with industry leaders in this field. It has been identified that market-leading players are investing heavily technological development, resource utilization to boost the market position.
Some of the key players profiled in the report are IDEMIA (France), Thales Group (France), Ping Identity Corporation (United States), Cogent Systems (United States), NEC CORPORATION (Japan), Hitachi (Japan), Acuant (United States), Onfido (United Kingdom), Aculab (United Kingdom) and Suprema (South Korea). Additionally, following companies can also be profiled that are part of our coverage like SecuGen (United States), Integrated Biometrics (United States) and Lumidigm (United States). Considering Market by End-User, the sub-segment i.e. Healthcare will boost the Fingerprint Unlock - market. Considering Market by Compatibility, the sub-segment i.e. Android will boost the Fingerprint Unlock - market.
Latest Market Insights:
In July 2023, Fingerprint sensor startup, Fingerprint Cards, announced a collaboration with Infineon Technologies to develop and integrate fingerprint sensors into wearables and other IoT devices. This focuses on expanding fingerprint authentication beyond smartphones.
In September 2023, Qualcomm unveiled its new Snapdragon 8 Gen 2 mobile platform with support for ultrasonic in-display fingerprint sensors. This chipset is expected to power many flagship smartphones in 2024, potentially boosting the adoption of in-display fingerprint sensors.
What Can be Explored with the Fingerprint Unlock - Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fingerprint Unlock - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fingerprint Unlock -
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fingerprint Unlock - market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fingerprint Unlock - market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, Raw materials Suppliers, New entrants/investors, Healthcare and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.