About Fingerprint Access Control Systems
Fingerprint access control system is one of the most popular methods for authorization and individuality identification. Rising threats for national security due to illegal immigration is a prime factor driving the growth of fingerprint access control system Usage of fingerprint access control systems is increasing across the globe due to the higher standard of security.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 9.8% |
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States and Japanese Vendors will contribute the maximum growth to Global Fingerprint Access Control Systems market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gemalto NV (Netherlands), Anviz Global (United States), Cross Match Technologies (United States), Virdi Tech (South Korea), Daon Inc. (United States), BioConnect (Canada), Gitachi Omron Terminal Solutions (Japan), Idtech 360 (India), NEC Corporation (Japan), Secugen Corporation (United States), Safran Group (France) and Suprema Inc. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Merkatum Corporation (United States), Fingerprint Cards AB (Sweden), Diamond Fortress Technologies (United States), Aware (United States) and Zkteco (China).
Segmentation Overview
AMA Research has segmented the market of Global Fingerprint Access Control Systems market by Type (Microprocessor, Fingerprint Recognition Module and Liquid Crystal Display Module), Application (Residential, Commercial (Corporate Offices, Leisure Centers & Gyms, Banks, Schools & Colleges, Retail Outlets, Warehouse, R&D Centers, Others), Industrial (Energy, Utility, Telecom, Manufacturing, Others), Government (Military, Law Enforcement, Government Facilities) and Others) and Region.
On the basis of geography, the market of Fingerprint Access Control Systems 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 Technology, the sub-segment i.e. Optical Scanning will boost the Fingerprint Access Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Hardware will boost the Fingerprint Access Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Favorable government initiatives and standards
Market Growth Drivers:
Rising security concerns, increasing adoption of homeland security, and high refugee influx
Challenges:
Limitations regarding data accuracy, security of the data, and high price of implementation
Restraints:
Security and privacy of fingerprint access control system data and limited availability of cloud-based fingerprint access control solutions and Lack of interoperability among these fingerprint access control systems with the existing systems
Opportunities:
Need for enhanced security for organizations and evolutions of e-voting in government sector and Growing demand of BaaS in ecommerce and emergence of mobile cloud-based fingerprint access control system
Market Leaders and their expansionary development strategies
In September 2022, Telaeris, Inc. announced the integration of its new system, XPressEntry with IDEMIA’s ID Screen biometric tablets. IDEMIA's solution is widely used to offer two-factor biometric identification for government and commercial properties across the globe. XPressEntry software embedded in biometric tablets can verify identity and permissions and record entries/exits.
In September 2022, IDEX Biometrics collaborated with Sentry Enterprises for the use of its Trustedbio Max fingerprint sensor solution into the SentryCard biometric access control platform. Sentry biometric identity solution offers quick and secure authentication for enterprises, governments, and individuals.
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law.
Key Target Audience
Fingerprint Access Control Systems Manufacturers, Fingerprint Access Control Systems Service Providers, Distributors/Suppliers, Government and Private Organisations, Software Providers 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.