Industry Background:
Fingerprint Scanners are used for recognizing and authenticating the fingerprint of an individual. Fingerprint readers and scanners are safe and reliable devices for any security authentication. The next-generation biometric-based technology offers a dependable, helpful, and authentic way of verifying/identifying an individual's identity utilizing the latest Biometric fingerprint scanner. Fingerprint scanners are being used broadly for enrollment, identification & verification in varied projects where the identity of people is required. Mantra's biometric fingerprint devices offer superior execution, accuracy, and continuance.This growth is primarily driven by The Rapid Digitization Combined with the Need to Adopt Stricter Customer and Employee Identification Protocols to Prevent Identity Theft and Fraud
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | 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 |
The Robotics & Automation sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Mantra Softech (India) Pvt. Ltd. (India), Cogent Systems, Inc. (United States), Anviz Global (United States), Apple Inc. (United States), IDEX Biometrics (Norway), IDEMIA (France), Fingerprint Cards (Sweden), Egis Technology (Taiwan) and BIO-key International (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 10th June 2022, Miaxis launched the FAP30 fingerprint biometrics scanner with FBI-PIV certification. The SM-93 is described as a mobile ID optical fingerprint authentication scanner that requires contact. Miaxis says the SM-93 reader is a 15mm optical sensor with an IP65-rated FAP30 optical sensor with Miaxis’ proprietary fingerprint recognition algorithm compatible with the NIST MINEX III extractor and matcher.The market is fragmented by key vendors who are focusing on technologies, improving efficiency, and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Regulatory Insights:
European Union's revised Payments Services Directive requires two-factor authentication. Alongside a PIN, a biometric feature is likely to be the second. Europe's open banking framework requires so-called strong customer authentication for banks to share customer data with other providers, with biometrics one of the options.
Influencing Trend:
Growing Adoption of Biometric Fingerprint Scanners in the Financial Sector and Technological Advancement
Market Growth Drivers:
The Rapid Digitization Combined with the Need to Adopt Stricter Customer and Employee Identification Protocols to Prevent Identity Theft and Fraud and Reduction in Transaction Times and Authentication Convenience, Improved Security
Challenges:
Biometric Fingerprint Scanners Limits Privacy for Users
Restraints:
Concerns with the Privacy and Security of Consumers and Service Providers
Opportunities:
The Advent of Artificial Intelligence (AI) To Monitor Behavioural Anomalies and Prevent Security Threats with Much More Precision
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Biometric Fingerprint Scanner - Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Biometric Fingerprint Scanner - Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Biometric Fingerprint Scanner - players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Biometric Fingerprint Scanner - Study Sheds Light on
The Biometric Fingerprint Scanner - Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Biometric Fingerprint Scanner - industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Biometric Fingerprint Scanner - industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.