Fingerprint access control systems market worth $4.4 billion by 2022 Radiant Insight Announce Addition of New Report “Fingerprint Access Control Systems Market Size, Report 2022” Description Global fingerprint access control systems market size is estimated to reach USD 4.4 billion by 2022, as per a new research report by Radiant Insights, Inc. Growing safety and security concerns of individual as well as organization is projected to drive industry growth. This system provides reliable access control, lessen fraudulent transactions and prevent security breach. Increasing industry competition is projected to propel the global demand. Organizations around the world are looking for robust security mechanisms by eliminating the use of passwords and adopting multimodal biometrics solutions as a means of authentication. Capacitive products were valued at USD 696 million in 2014 and are expected to witness highest growth due to their compact dimensions as well as low cost. It is likely to reach at USD 1.3 billion by 2022. Optical products accounted for majority of the overall industry share in 2014. It is estimate to dominate the industry owing to its high quality image capturing capability and long life. Significant use of smart phone is anticipated to drive demand for fingerprint access control systems market. Stringent government initiatives to secure borders, prosecute criminals, verify immigration and combat identity fraud or terrorism are likely to surge the industry. Colossal initial investment along with training and enrolling expenditures might hamper the industry demand. Healthcare industry is likely to exhibit considerable growth opportunities due to emerging application of this technology in access control for patient examinations and marking attendance The report “Fingerprint Access Control Systems Market Size, Report 2022” is available now to Radiant Insights customers and can also be purchased directly at https://www.radiantinsights.com/research/fingerprint-access-control-systems-market/requestsample
Fingerprint access control systems market worth $4 4 billion by 2022
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