A new research study by Transparency Market Research (TMR) presents a comprehensive evaluation of the global market for fingerprint access control systems, taking its existing and historical performance into consideration. It also assesses the key driving forces, prominent trends, hurdles, growth prospects, and opportunities of this market to determine its future scenario.
The research study, titled “Fingerprint Access Control Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” states that the augmenting threat of crime and terrorism, leading to the up gradation in security infrastructure of a number of industries is fueling the demand for fingerprint access control systems across the world. The rising investments to increase research activities to develop accurate identification and security systems is also boosting the global market for fingerprint access control systems significantly.
In addition to this, the rising implementation of regulatory norms and conditions, encouraging the usage of these systems in consumer electronics is likely to drive the growth of this market considerably in the coming years. However, the advent of substitutes, such as biometrics-based, iris-based, and palm-based authorization systems, may obstruct the growth trajectory of the worldwide market for fingerprint access control systems in the coming years, states the research report.
North America has acquired the leadership among all the regional markets for fingerprint access control systems. With a technologically advanced infrastructure and a high level of awareness among consumers regarding the need to maintain security, North America is anticipated to retain its dominance during the forecast period.
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On the other hand, Asia Pacific and the Middle East and Africa are projected to offer lucrative growth opportunities to market participants in the next few years. The rising demand for state-of-art authorization systems, on account of the upcoming events, such as the FIFA World Cup – 2022, which is to take place in Qatar, is expected to drive the market for fingerprint access control systems in the Middle East significantly over the next few years, states the research report.
The competitive landscape of the worldwide market for fingerprint access control systems has also been evaluated in this research report. Analysts have reviewed the profiles of the key companies in this market to identify its existing hierarchy. Diamond Fortress Technologies, Cogent (3M), Cross Match Technologies Inc., Hitachi, and Anviz Global are some of the leading manufacturers of fingerprint access control systems across the world, reports the market study.
The key objective of this report is to provide a better understanding of this market to participants in a bid to help them in business development.