About Fingerprint Biometrics Machine
Fingerprint Biometrics Machines are computer-assisted potential of identifying a individual primarily based on a physiological or behavioural trait. Face, fingerprints, hand geometry, handwriting, iris, retinal, vein, and voice are amongst the qualities measured. Personal records and biometric statistics are now not the identical thing. Universality, uniqueness, permanence, collectability, performance, acceptability, and circumvention are the seven houses that represent biometric factors. Fingerprints are beneficial in supporting investigators in linking one crime scene to every other involving the equal suspect. Fingerprint identification also aids detectives in monitoring a criminal's past, preceding arrests and convictions, and in making selections about sentencing, probation, parole, and pardoning.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fingerprint Biometrics Machine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accu-Time Systems (United States), BIO-Key International Inc. (United States), Cognitec Systems GmbH (Germany), Fingerprints cards AB (Sweden), Fujitsu Limited (Japan), IDTECK (South Korea), NEC Corporation (Japan), Siemens AG (Germany), RCG Holdings, Ltd. (Malaysia) and Thales Group (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fingerprint Biometrics Machine market by and Region.
On the basis of geography, the market of Fingerprint Biometrics Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Government will boost the Fingerprint Biometrics Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component , the sub-segment i.e. Hardware will boost the Fingerprint Biometrics Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Authentication, the sub-segment i.e. Single-Factor will boost the Fingerprint Biometrics Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to new mobility technology
Market Growth Drivers:
Rising use of biometric technology in enterprises
Challenges:
Data security concerns and Lack of awareness
Restraints:
High deployment cost
Opportunities:
Advancements in biometric technology
Market Leaders and their expansionary development strategies
In June 2023, DERMALOG Identification Systems GmbH, a manufacturer of fingerprint, face, and iris identification technology, has agreed to acquired biometric identification technology company JENETRIC GmbH. JENETRIC’s optical thin-film transistor (TFT) technology captures high-quality fingerprints with contactless capture.
In 2019, Safran-owned IDEMIA partnered with Infineon (Germany) and pmdtechnologies (Germany) to provide an end-to-end 3D face recognition solution for OEMs and system integrators. This joint solution is optimized and ready to be incorporated into any device, such as smartphones, tablets, or PCs, to allow user authentication for unlocking and securing mobile payments.
Key Target Audience
Developer, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.