Global fingerprint biometrics market overview

According to the Technavio’s fingerprint biometrics market research report, this industry will grow at a CAGR of close to 12% during the forecast period. The increasing adoption of fingerprint biometrics in the healthcare sector is one of the key factors will drive the growth of the fingerprint biometrics market. The adoption of fingerprint biometrics is increasing since it provides end-to-end electronic processes to offer customer convenience and compliance with security regulations such as HIPAA. Innovators are coming up with a number of apps for electronic diagnosis, prescribing, treatment, practice management, coding, and billing. These mobile apps are integrated with fingerprint biometrics to prevent unauthorized access to patient records. The adoption of fingerprint biometrics will continue to increase during the next four years since they prevent fraudulence, improve healthcare safety, and maintains time and attendance record.

APAC will be the major revenue contributor to this global fingerprint biometrics market by the end of the predicted period. This is mainly due to the increasing use of fingerprint biometrics by the governments of several countries such as India since it helps them monitor the attendance of employees, rationing, and ensure border control. The Aadhar Card issued by Unique Identification Authority of India (UIDAI) for biometric attendance system in government organizations will also drive the market’s growth in the region.

Competitive landscape and key vendors

As per the fingerprint biometrics market analysis report, this market is fragmented owing to the presence of many small regional vendors and large multinational vendors. International players are highly focusing on increasing their market presence. This makes it difficult for regional vendors to compete against them. Established fingerprint biometrics vendors are focusing on expanding their product portfolios and towards increasing their market shares by acquiring the niche fingerprint biometrics vendors.

Key vendors in this market are -

• Gemalto
• BIO-key International
• Crossmatch
• HID Global
• M2SYS Technology
• NEC
• OT-Morpho

Other prominent vendors in the market include Anviz Global, BioEnable, BioLink Solutions, DERMALOG Identification Systems, Diamond Fortress Technologies, Fingerprint Cards, FingerCheck, Fulcrum Biometrics, Futronic Technology Company, IDEX ASA, Inception Technologies, Liteon, Precise Biometrics, SecuGen, Suprema, Trac-Tech, and ZKTeco.

Segmentation by technology and analysis of the fingerprint biometrics market

• Non-AFIS technology
• AFIS technology

The non-AFIS technology segment accounted for the majority market shares during 2016, as per the fingerprint biometrics market forecast and opportunity analysis by industry experts. This is mainly due to the high adoption of fingerprint biometrics technology for residential usage. The incorporation of non-AFIS sensors in various devices such as mobile devices, laptops, smartphones, and tablets will avoid theft. The demand for non-AFIS technology will continue to increase until the end of 2021 since it eliminates buddy punching.

Segmentation by end-user and analysis of the fingerprint biometrics market

• Government
• Healthcare
• Transit
• Retail
• BFSI

The government sector witnessed an increase in the adoption of fingerprint biometric technology during 2016 due to the high incidence of violent activities and intrusions. The adoption of fingerprint technology will continue to increase in this end-user segment due to the rising adoption of mobile biometrics in the government sector for law enforcement.

Key questions answered in the report include

• What will the fingerprint biometrics market size and the growth rate be in 2021?
• What are the key factors driving the global fingerprint biometrics market?
• What are the key market trends impacting the growth of the global fingerprint biometrics market?
• What are the challenges to the fingerprint biometrics market growth?
• Who are the key vendors in the global fingerprint biometrics market?
• What are the market opportunities and threats faced by the vendors in the global fingerprint biometrics market?