Evolving Industry Trends : Fingerprint Module Market Globally Expand at a CAGR of 18.45% by 2020

Albany, New York, July 1, 2017 : Recent research and the current scenario as well as future market potential of "Global Fingerprint Module Market 2016-2020" globally.

Securing data and assets has become a key concern for banks, government organizations, telecommunications firms, and hospitals, as well as for individuals. Keys, identity badges, and numeric keypads were widely used to prevent unauthorized access to data and locations. With technological advances, two-factor authentication was introduced, where individuals could gain access into secure premises only after they were authenticated twice by employing hardware devices and numeric codes. However, two-factor authentication has also become insecure as hackers were able to gain access to hardware devices and obtain numeric codes.

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Technavios analysts forecast the global fingerprint module market to grow at a CAGR of 18.45% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global fingerprint module market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of fingerprint modules that are integrated in fingerprint readers such as stand-alone fingerprint scanners; fingerprint scanners embedded in smartphones, laptops, and tablets; and fingerprint scanners in multimodal biometric readers.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Fingerprint Module Market 2016-2020, has been prepared based on an in-depth 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.

Key vendors
BioEnable
Crossmatch
Fingrprint Cards
Fulcrum Biometrics
HID Global
Suprema

Other prominent vendors
360 Biometrics
Furtonic Technology
Liteon
Shenazhen CAMA Biometrics

Market driver
Increased number of advanced and sophisticated threats
For a full, detailed list, view our report

Market challenge
Need for high capital investment
For a full, detailed list, view our report

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Market trend
Emergence of mobile biometrics
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.