Biometrics is used for identification and validation processes to authenticate individuals. In the identification process, a one-to-many matching method is used to determine an individual’s identity to all the templates in the database, while the verification process uses a one-to-one matching method to personalize the biometric characteristics of a particular template in the database.
According to the new market research report, the Fingerprint Biometrics Market is to be valued at USD 41.80 billion by 2026, at a CAGR crossing over 18% during the forecast period. The base year used for this study is 2017, and the forecast period is 2019–2026. Rising concerns regarding internal and external securities are likely to drive the market during the same period. Additionally, increasing use of the technology in government and private sectors for employee identification and attendance is projected to fuel the overall demand over the coming years.
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Global key Players Anviz Global, FUJITSU, Fingerprint Cards AB, Fulcrum Biometrics, LLC., Gemalto NV, Idex ASA, & NEC Corporation, Precise Biometrics, Inc., Synaptics Incorporated; and Samsung Electronics Co., Ltd.
Fingerprint Biometrics Market
By End User
- AFIS Technology
- Non-AFIS Technology
- North America
- Asia Pacific
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The global research report highlights:
- In-depth analysis of the Fingerprint Biometrics Market
- Strategic planning methodologies
- Applicable and effective sales methodologies
- Detailed elaboration on drivers, restraints, and opportunities
- Analysis of different financial aspects
- Tracking of global opportunities
- Latest industry trends and developments
Different driving factors and global opportunities have been examined in this research report to understand the current and futuristic growth of the businesses. It sheds light on dynamic aspects of the businesses such as client’s needs and feedback of the various customers. Finally, researchers direct its focus on some significant points to give a gist about investment, profit margin, and revenue.
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