Global Finger Print Sensors Market Outlook 2017-2018 & 2026 - Drivers, Constraints, Opportunities, Threats, Challenges, & Investment Opportunities

DUBLIN, Feb. 7, 2019 /PRNewswire/ --

The "Finger Print Sensors - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Global Fingerprint Sensors market accounted for $3.17 billion in 2017 and is expected to reach $14.61 billion by 2026 growing at a CAGR of 18.5%.

Factors such as growing demand for fingerprint sensors in security checks in airports, government support for the adoption of fingerprint sensors, use of biometrics in mobile commerce and fast growth in electronic devices are fueling the market growth. However, lack of awareness on security fundamentals and efficiency and reliability of fingerprint sensors are hampering the market.

A fingerprint sensor is a biometric security device that combines hardware and software techniques to identify the fingerprint scans of an individual to identify and authenticate an individual to, ultimately, grant or deny access to a computer system or a physical facility. Fingerprints provide reliable, fast and easy access to personal contact details, payment information, mails, location data and other form of encrypted data to authenticated person. Fingerprint sensors are used to offer authentication and authorization to the individual. It captures extract biological features of the finger prints in the form of the live scan and compares it with existing biometric template stored in the database.

Based on application, the banking and finance application is likely to have steady growth during the predicted period due to the use of biometric smart cards in backs and finance-related organizations. In the near future, many companies are anticipated to play a chief role in the market for smart cards, which can be used as payment cards.

In terms of geography, Asia Pacific is likely to grow at the highest CAGR during the forecast period. The rise in disposable income has impelled to the rise in the demand and use of smartphones and laptops, which, in turn, has improved the growth of market in this region.

What our report offers:

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strtegic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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SOURCE Research and Markets

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