Allied Market Research published a new report, titled, “Fingerprint Biometrics Market.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
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The rise in prominence in immigration control and travel document verification drives the growth of the global fingerprint biometric market. In addition, an increase in the focus of businesses on the safety & security of physical assets and stringent security measures in customs, defense, and others propel the growth of the market.
However, issues with fingerprint capturing and forgery of fingerprints limit the market growth. Conversely, an increase in the adoption of fingerprint biometrics in healthcare & BFSI sectors, the emergence of multimodal biometrics, and the usage of finger biometrics & automated fingerprint identification system (AFIS) technology in the government & automotive sectors are expected to provide numerous opportunities for the growth of this market.
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The report offers key drivers that propel the growth in the global fingerprint biometrics market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
The fingerprint biometrics market is segmented on the basis of end user, technology, and region. Based on end user, the market is categorized into transit, government, healthcare, retail, BFSI, and others. By technology, it is classified into AFIS technology and non-AFIS technology. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The global fingerprint biometrics market is dominated by key players such as 3M Cogent, Inc., BIO-key International, Inc., Crossmatch, HID Global Corporation, M2SYS Technology, NEC Corporation, Safran, Apple Inc., Anviz Global., and BioEnable.
Key Benefits :
- The study provides an in-depth analysis of the global fingerprint biometrics market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities are provided.
- Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- A quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
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