According to Goldstein Research, “Rising number of connected devices is increasing the need for advance sensing technology to enhance safety, security, and convenience which will eventually replace existing authentication methods. Fingerprint sensors are widely deployed due to its cost-effective nature which is bolstering the growth of fingerprint sensors market.”
The global fingerprint sensors market is categorized on the basis of sensors type, by sensors technology and by application. Sensors type is further segmented into network swipe sensors and area & touch sensors. Huge implementation of touch sensitive sensors in mobile devices and laptops is expected to propel the demand for area & touch sensors market in the near future.
North America is the dominating region and accounted for 38% revenue share of global fingerprint sensors market in 2016. North America fingerprint sensors market is expected to grow at a CAGR of 17.0% during forecast period. U.S. occupies the largest share of fingerprint sensors in terms of revenues and shipments of smartphones incorporated with fingerprint sensors.
Fingerprint Sensors application boosting online transaction options
As security is the major concern and obstruction for the growth of fingerprint sensors market. Several key vendors are currently trying to develop the mobile biometric space to enhance the security against fraudulent activities. For instance, Samsung and PayPal Holdings, Inc. an American online payments system launched a new biometric feature in Galaxy S5 smartphone which allows the owners to use fingerprint authentication for mobile payments. This is expected to increase the demand for fingerprint sensors in commercial applications as customers are getting more familiar towards using fingerprint sensors in their devices.
“Global Fingerprint Sensors Market 2024” contains detailed overview of the global fingerprint sensors market in terms of market segmentation by sensor type, by sensor technology type and by application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global fingerprint sensors market also provides competitive outlook of some of the major players of the APAC cyber security market which includes profiling of companies such as Cisco Systems Inc., IBM Corporation, Dell Root 9B, Herjavec, Check Point Software Technologies Ltd., Palo Alto Networks, Symantec Corp, McAfee, Kaspersky Lab, Trend Micro Inc., Fortinet Inc., FireEye Inc., Trend Micro, Imperva Inc., CyberArk Software Ltd. and AVG Technologies. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global fingerprint sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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