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Finger Print Sensors Market Forecast and Segments, 2017-2025

09-19-2017 05:08 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Finger Print Sensors Market Forecast and Segments, 2017-2025

The finger print scanner is used to authenticate and provide authorization to the individual. It captures the biological features in the live scan of the finger prints and compares it with the existing biometrical identity stored in the database. It provides fast, reliable and easy access to personal common details, mails, location, payment information and other form of encrypted data. These authentication systems are commonly used for commercial identification and securities. The finger print sensors are also used for keeping records of attendance and its management through biometrics and the portals.

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High level of security offered by hardware authentication solutions, and increasing preference of online transactions for speed and convenience purpose is the major force driving the hardware authentication market. Further, advancements in the IT sector is possible only if the productivity of remote and mobile users is focused and encouraged while considering protection of their sensitive information. Thus, strong authentication mechanisms are continuously being deployed in small and medium sized enterprises. However, since hardware devices may be inconvenient to carry sometimes, software authentication methods are being preferred by some organizations. Also, the cost associated with upgradation and replacement of hardware authentication devices is high which is anticipated to restrain the market growth.

With ongoing advancements in next-generation hardware OTP tokens and development of combined hardware and software authentication platforms known as unified authentication platforms, the market is destined to flourish during the forecast period. In case of multi-factor authentication, the data stored is in digital form which is very difficult to alter, recreate or decrypt. The OTP token authentication method handles public authentication security problems with the addition of an extra feature for effective verification. Several portable hardware devices have been designed as an authentication method. They have a size similar to credit cards and have a magnetic strip that holds critical data. These smart cards firmly store public and private certificate information. These cards are carried by the user and inserted into a card reader attached to a computer device.

The global hardware authentication market is categorized on the basis of mechanism, authentication device, end use industry and geographic regions. Segmentation on the basis of mechanism includes OTP based, certificate based and hybrid. Type of authentication devices provided by hardware authentication market includes token devices, biometrics, and others. Hardware authentication devices market by solution is further categorized on the basis of tokens as OTP based, USB based, SIM based, Mini OTP based, smart cards, and others. Segmentation on the basis of end user industry comprises of banking, financial services and insurance (BFSI), healthcare, government, PCI (Payment card industry), commercial security, and others. The hardware authentication market has been studied for five geographic regions namely North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Among major end-use verticals, BFSI sector is expected to lead the global hardware authentication market during the forecast period due to the increasing number of online transactions and as adoption of hardware authentication ensures multi-step authentication which has now become crucial for security purpose. The demand for secure identification and verification techniques is high in this segment as customer data is vulnerable to losses, attacks and security violations are likely to foster the demand for hardware authentication solutions. North America is predicted to be a major revenue shareholder due to extensive adoption of mobile devices especially, smart phones within the region. Also, few vendors are offering combined solutions for both software systems and hardware devices, since, there has been increased use of mobile devices such as smartphones in the region. Increasing government concerns related to cyber security are projected be responsible for market growth in Europe. Asia Pacific region is forecasted to be the fastest growing region due to rapid growth and advancements in its economy and establishment of large organizations.

The key players in the global hardware authentication market are Gemalto N.V., Dell Inc., Symantec Corporation, VASCO Data Security International, Inc, Authenex, Inc., Deepnet Security Ltd, Entrust, Inc., FEITIAN Technologies Co., Ltd., Fortinet Inc., and Yubico, Nexus group, PistolStar, Inc., and SecureMetric Technology, 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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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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