Fingerprint Module Market Size & Share by Application, Type and Region - Global Forecast to 2025

Marketresearchreports.biz has announced the addition of a new research study on the "Fingerprint Module Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its report database.

The main objective of this report is to define, describe, and forecast the global “Fingerprint Module” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Fingerprint module is a technology that recognizes and validates the fingerprints of a user in order to allow or deny access to a computer system or a physical facility. It is a security technology which is combination of computer software programs and hardware. Fingerprint module includes two processes, fingerprint enrollment and fingerprint matching. In fingerprint enrollment, user has to register his fingerprint which gets stored in the database. In the matching process, when user enters his finger, the system will compare the fingerprint with database and according to match it will either allow or deny access. Financial sector provides customer easy transaction option through smartphone, computer, laptop and tablets Owing to which this sector is vulnerable to cyber-attack. Hence, necessity of providing security in order to ensure safety of data, this sector is expected to bolster the growth prospects for the market of fingerprint module.

The driving factor for global fingerprint market is its functionalities such as accurate and reliable recognition, increased level of security, and reduced vulnerability. The global fingerprint market is also deployed for employee time management system because of its capability to identify people’s unique biological features. It provides fast, efficient and secure solution for employee’s time and attendance solution. This is expected to drive the market during the forecast period. The swift growth to fingerprint module market worldwide is due to increased hacking cases which result into growth of new technically advanced security product across various industries. Fingerprint module market does not consider changes in person’s finger over a time. For instance, in manufacturing industry, since employees are working with their hands mostly, their fingers may get rough or spoiled, fingerprint module is not able to capture it. Moreover, for the use of fingerprint module, it requires computer hardware and software programs. This is very expensive. These factors tend to hamper the demand for fingerprint module. Due to trend of BYOD (Bring Your Own Device) due to perceived productivity gains and cost savings, the market of fingerprint module is expected to generate growth opportunity for the manufacturers operating in the market.

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Global fingerprint module market is segmented on the basis of pattern, sensor, design, technology, end user and geography. Fingerprint module market is sub-segmented based on systems into Roscher system, Juan Vucetich system and the Henry System. Fingerprint module market is divided in three patterns, loop patterns, whorl patterns, and arch patterns. The loop pattern is further divided into radial loop, ulnar loop and double loop. The loop patterns is the most common fingerprint pattern used all over the world. Fingerprint module market is bifurcated on the basis of sensors into optical sensors and capacitive sensors. Depending upon design fingerprint module market is categorized into tented arch, the plain arch, and the central pocket loop. In terms of technology, fingerprint module market is divided into exemplar, latent, patent, plastic, electronic recording and footprints. Based on end user fingerprint module market is classified into government, healthcare, retail, BFSI (Banking, Financial services and Insurance) and transit. Government organization is expected to dominate global fingerprint module market during forecast period due to increasing demand and adoption of mobile biometric system. Global fingerprint module market is categorized based on geography into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is estimated to be largest market for global fingerprint module market during the forecast period owing to the integrating facilities with biometric systems.

The presence of several small- scale, medium-scale and large scale fingerprint module companies results into high competitiveness in the market. Also market’s high potential is expected to attract many new entrants at regional level. Some of the major players of the global fingerprint module market include Crossmatch, BioEnable, Fingerprint Cards, HID Global, Fulcrum Biometrics, Suprema, Delaney Secure, 360 Biometrics, 3M Cogent, Apple, Fujitsu, NEC, ImageWare Systems, Inc., M2SYS, Mobbeel , HYPR Corp and StoneLock etc. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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