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Global Fingerprint Module Market (2018-2023) by Product Type, Sensor Type, End User and Region - 18.86% CAGR is Projected - ResearchAndMarkets.com

September 27, 2018

DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Global Fingerprint Module Market - Segmented by Product Type (Fingerprint Reader, Fingerprint Scanner), Sensor Type (Off-chip, On-chip), End User and Region - Growth, Trends, and Forecasts (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

The fingerprint module market is expected to register a CAGR of over 18.86% during the forecast period 2018-2023.

Government investments toward security and protection of data has led to the growth and development of the fingerprint module market. The need for a secure and reliable mode of employee identification is a major driver for the market.

Moreover, expanding smartphone integrations of biometric authentication, coupled with the high growth rate of the smartphone market is estimated to drive the fingerprint module market. Fingerprint authentication is also becoming an essential method of attendance tracking for organizations, which is a growing trend.

However, the fact that the hardware technique glitches, when subjected to different skin conditions, like cuts, or moisture, is a restraint to the market.

Key Highlights

Mobility Platforms Expanding Integration for Biometric Authentication North America is the Largest Region for the Market

Major Developments in the Market

NEXT Biometrics received key hardware certification for India’s Aadhaar Government ID Program. The certification enables NEXT to accelerate sales activity into India’s government ID market, with initial revenue expected to be recognized in the fourth quarter. Crossmatch received FBI certifications for Mobile NOMAD 60 Wireless Fingerprint Reader. Company is expected to increase government contracts and expand its product line further after the certification.

Companies Profiled

SecuGen Corporation Integrated Biometrics LLC HID Global Corporation/Assa Abloy AB Nitgen Co. Ltd. Suprema Crossmatch Shenzhen Yaloite Biometrics Technology Co. Ltd. Fingerprint Cards AB SparkFun Electronics Silk ID Systems Anviz Global BioEnable Technologies Pvt. Ltd. Firich Enterprises Co. Ltd. Next Biometrics Group ASA IDEX ASA

Key Topics Covered

1. Introduction

2. Research Methodology

3. Fingerprint Module Market Insights

4. Fingerprint Module Market Dynamics

5. Global Fingerprint Module Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future of Fingerprint Module Market

For more information about this report visit https://www.researchandmarkets.com/research/q45tfl/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005604/en/

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Related Topics:Biometrics,Sensors

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/27/2018 10:48 AM/DISC: 09/27/2018 10:48 AM

http://www.businesswire.com/news/home/20180927005604/en

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