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Biometric Sensors Market Analysis, Demand, Size and Forecasts To 2020

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According to the report, a major driver contributing to the growth of this market is the increasing number of identity thefts. Lately, there has been an increase in the number of identity and data theft cases, primarily because of the increase in th
Biometric Sensors Market Share and Size, Emerging Trends,
Analysis, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report Global Biometric Sensors Market 20162020
Technavio recognizes the following companies as the key players in the global biometric sensors market:
3M Cogent, Crossmatch, NEC, and Safran.
Other Prominent Vendors in the market are: Fulcrum Biometrics, IDEX ASA, and ZKTeco.
Browse full report with TOC@ https://marketreportscenter.com/reports/388381/global-biometricsensors-market-2016-2020
Commenting on the report, an analyst from Technavio’ s team said: “Emergence of touchless sensing
technology will be a key trend for market growth. A fingerprint scan requires the end-user to place his
finger on a plain glass surface, which can lead to smudged or deformed images. This leads to
discrepancies in the authentication process, which can result in unauthorized access. With advances in
technology, touchless sensing technology has evolved. This technology generates 3D fingerprint scans.
3D fingerprint scanners help solve the problems of traditional systems, as they do not cause slippage,
deformation, or smearing of the fingerprint. In addition, 3D touchless fingerprint technology is
interoperable with legacy devices to provide high-quality images. To develop a 3D fingerprint image
interoperable with the existing AFIS, a simulated rolling procedure was introduced, which unwraps 3D
fingerprint image into 2D fingerprint images that are comparable with legacy rolled fingerprints.
Furthermore, a 3D fingerprint image provides a high-quality, large, nail-to-nail representation of the
finger. ”
According to the report, a major driver contributing to the growth of this market is the increasing
number of identity thefts. Lately, there has been an increase in the number of identity and data theft
cases, primarily because of the increase in the use of websites and web applications by end-users. The
growing popularity of online consulting and sharing of health-related results online is also leading to
identity theft cases. The increasing complexity of these attacks is driving end-users to implement secure
authentication solutions. Hence, there is increased adoption of biometric security solutions as they are
one of the most secure authentication solutions. These solutions are very reliable as they efficiently
assess individuals on the basis of their physical or behavioral traits, which are very difficult to forge,
making them one of the strongest authentication solutions available in the market.
Further, the report states that as alternative solutions are comparatively inexpensive and are much
easier to operate, they find greater acceptance among enterprises. Small and medium-scale businesses,
in particular, prefer cost-effective solutions over biometric solutions. Moreover, vendors with much
larger customer bases generally provide inexpensive authentication solutions. As these vendors have
been present in the authentication market for many years and have a diversified geographic presence,
their solutions have a wider acceptance. Therefore, strong competition from inexpensive non-biometric
technologies is a major challenge hindering the growth of the market.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/388381
About biometric sensors
A biometric sensor is a transducer, which converts the biometric input signal (fingerprints, voice, vein
patterns, or facial traits) of its user into an electrical signal. In order to authenticate any biometric
measurement, a biometric sensor is required to scan the user's fingerprint or voice or face in the
hardware set.
Technavio’ s analysts forecast the global biometric sensors market to grow at a CAGR of 10.14% during
the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biometric sensors market
for 2016-2020. To calculate the market size, the report considers the total sales of biometric sensors
(used in fingerprint recognition, iris recognition, facial recognition, hand geometry, voice recognition,
and vein recognition) for end-user sectors such as government, transportation, healthcare, BFSI, and
retail.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Biometric Sensors Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
To Get Discount On The Report @ https://marketreportscenter.com/request-discount/388381
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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