Fingerprint Access Control Systems Market Analysis, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2012 to 2022
Hexa Research Inc.
Industry Research,Custom Research & Consulting
Fingerprint Access Control Systems Market Analysis,
Market Size, Share, Regional Outlook, Industry Trends,
Competitive Strategies And Segment Forecast, 2012 To 2022
Industry Overview
Global fingerprint access control systems market size is expected to reach USD 4.4 billion by 2022,
growing at a CAGR of over 7% from 2015 to 2022. Escalating safety and security threats is anticipated to
drive industry growth. Fingerprint authentication offers a reliable solution to enhance access control
thus, assists to mitigate security breaches as well as transaction frauds.
The global smartphone industry was valued at USD 2.5 billion in 2013. It is expected to reach USD 4.4
billion by 2022, growing at a CAGR of 7% over the coming years. Emergence of multi-functional and costeffective smartphones is expected to fuel growth. Huge demand from Asia Pacific is estimated to drive
fingerprint access control systems market demand.
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Hexa Research Inc.
Industry Research,Custom Research & Consulting
Highly competitive business environment is likely to boost confidentiality needs for organizational data
and information. Biometric systems market is anticipated to witness significant growth owing to
incapability of password and security PINs to safeguard the data. This safety equipment is increasingly
implemented for home fortification. Government around the globe is now taking stringent initiatives for
biometric enrolment of their citizens. Advent of projects such as national identification programs, epassports and border control are expected to drive industry growth. This measure can be attributed to
secure borders, prosecute criminals, verify immigration or employment and combat identity fraud or
terrorism.
Implementation of this system requires huge capital investment. Apart from...