About Fingerprint Biometrics
Biometrics are physical or behavioural human characteristics which are used to digitally identify a person. They are essential to identify person and to grant access to systems, devices or data. Fingerprints are used as they are considered unique to the individual. Hence they are used in combination to ensure greater accuracy of identification. It involve comparison of user's fingerprint to a stored fingerprint template in order to validate a user's identity. This fingerprint biometrics has the potential to make authentication quicker, easier and more secure than traditional passwords. Increasing concern regarding premises safety and security, the inclination towards fingerprint biometrics has been raised. In addition, the use of fingerprint biometrics at end use industries like military, defence and other confidential activities has impacted on the market in positive manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Fingerprint Biometrics is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Fingerprint Biometrics for multiple functioning. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. 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.
Centrify (United States), Fischer Identity (United States), HID Global (United States), NEC Corporation (Japan), Identity Automation (United States), ImageWare Systems (United States), BIO-key International, Inc. (United States), M2SYS Technology (United States), Apple Inc. (United States), Anviz Global. (United States), GreenBit Biometric Systems (Italy) and Lockheed Martin (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fingerprint Biometrics market by and Region.
On the basis of geography, the market of Fingerprint Biometrics 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 Matching Method, the sub-segment i.e. Minutiae-Based Matching will boost the Fingerprint Biometrics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Government will boost the Fingerprint Biometrics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technique, the sub-segment i.e. AFIS Technology will boost the Fingerprint Biometrics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensor Types , the sub-segment i.e. Optical will boost the Fingerprint Biometrics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Augmenting Preference for AFIS Technology for Fingerprint Biometrics
Market Growth Drivers:
Rising Focus of End Use Industries regarding Safety and Security, Growing Adoptions of Fingerprint Biometrics for Premises Safety and Identification and Increasing Regulations for Identification in Immigration
Challenges:
Data Security Concern and Issue related Technical Operatabality
Restraints:
High Investment Requirement for Technically keen Fingerprint Biometrics
Opportunities:
Growing Technological Advancements with Automation in Biometrics, & Security Infrastructure, Increasing Demand at Military, Defence and Confidential Practises and Rising Government Investment for Enhancing Security Infrastructure
Market Leaders and their expansionary development strategies
In January 2024, Amadeus announces it is acquiring Vision-Box, a leading provider of biometric solutions for airports, airlines, and border control customers. The acquisition of Vision-Box will bring new capabilities around biometrics hardware and software, adding border control solutions to the Amadeus portfolio.
In February 2023, Biometric sensor manufacturer Fingerprint Cards launched of its Match-on-Chip biometric system for PC manufacturers and that its second generation T-Shape sensor module will be integrated into Thales’ Bio Smart Card.
Key Target Audience
Fingerprint Biometrics Manufacturers, Component -Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.