Biometrics is used for identification and validation processes to authenticate individuals. In the identification process, a one-to-many matching method is used to determine an individual’s identity to all the templates in the database, while the verification process uses a one-to-one matching method to personalize the biometric characteristics of a particular template in the database. Fingerprint biometric technology compares an individual’s fingerprint scan to a database to identify and verify an individual’s identity based on features such as swirls, arches, and loops.
According to the new market research report, the Fingerprint Biometrics Market was valued at USD 13.89 billion in 2017 and is expected to reach USD 41.80 billion by 2026, at a CAGR of over 18% during the forecast period. The base year used for this study is 2017, and the forecast period is 2019–2026. Rising concerns regarding internal and external securities are likely to drive the market during the same period. Additionally, increasing use of the technology in government and private sectors for employee identification and attendance is projected to fuel the overall demand over the coming years.
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Global key Players Anviz Global, FUJITSU, Fingerprint Cards AB, Fulcrum Biometrics, LLC., Gemalto NV, Idex ASA, & NEC Corporation, Precise Biometrics, Inc., Synaptics Incorporated; and Samsung Electronics Co., Ltd.
Fingerprint Biometrics Market
By End User
- AFIS Technology
- Non-AFIS Technology
- North America
- Asia Pacific
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Objective of the Report
Major Key questions answered through this research report:
- What are the top key players of the global Fingerprint Biometrics Market?
- What are the strengths and weaknesses of the global Fingerprint Biometrics Market?
- What are the highest competitors in the market?
- What are the different marketing and distribution channels?
- What are the global market opportunities in front of the market?
- What are the key outcomes of SWOT and Porter’s five techniques?
- What is the global market size and growth rate in the forecast period?
Different driving factors and global opportunities have been examined in this research report to understand the current and futuristic growth of the businesses. It sheds light on dynamic aspects of the businesses such as client’s needs and feedback of the various customers. Finally, researchers direct its focus on some significant points to give a gist about investment, profit margin, and revenue.
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