Fingerprint Sensors Market Revolutionary Trends, Future Potential and Revenue Estimation in Industry Statistics

The increasing risks of frauds and thefts in the banking, financial services, and insurance (BFSI) sector, on account of the surging penetration of connected devices and the internet, will augment the requirement for fingerprint sensors in the coming years. The rising incidence of such threats has led to the emergence of biometric cards. Unlike conventional payment cards, biometric cards are more secure and fast. Fingerprint sensors-enabled payment cards can authenticate the identity of users in less than one second and offer more security than a standard four-digit pin.

Get the Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/fingerprint-sensors-market-outlook/report-sample

In addition, government organizations, courts, and military headquarters are rapidly installing advanced sensors to secure their premises. These organizations are also adopting fingerprint sensors to authenticate the identity and avoid duplication during the provision of several services to the public. For example, the Unique Identification Authority of India (UIDAI) utilizes Aadhaar-based biometric identification to distribute the benefits of social welfare schemes to the economically weaker sections. Owing to these reasons, the fingerprint sensors market will progress at a CAGR of 13.6% during 2020–2030. According to P&S Intelligence, the market was valued at $3.8 billion in 2019.

Currently, fingerprint sensor manufacturers are increasingly focusing on producing in-display fingerprint sensors, due to the rising use of smartphones and online payments, globally. Smartphone manufacturers are rapidly integrating in-display fingerprint sensors in their offerings, owing to their strong focus on reducing the bezels and making the devices smoother and sleeker. For instance, Qualcomm Incorporated introduced ultrasonic in-display fingerprint sensors in 2019. These sensors are more reliable and secure than the optical sensors of the company.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=fingerprint-sensors-market-outlook

Geographically, the Asia-Pacific (APAC) region led the fingerprint sensors market in the past and it is expected to retain its dominance in the foreseeable future as well. This is due to the increasing adoption of such instruments in the government organizations of India, China, and Indonesia, for official verification purpose. Besides, the rising disposable income of people and the surging popularity of smartphones in the region will amplify the usage of such sensors in the foreseeable future.

Thus, the augmenting need to mitigate frauds and thefts in the BFSI sector and the spurring demand to secure the identity of people by government agencies will amplify the demand for fingerprint sensors.

About Us
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.