Biometrics systems are automated methods of recognizing an individual based on their physiological or behavioral characteristic. Fingerprint biometrics is a major segment of biometrics systems. Fingerprint biometric technology is used to match the fingerprint patterns of an individual with the internal database to verify individual’s identity.
The technology is used in numerous applications including physical access control, time and attendance, smart devices, law enforcement, and among other. The rise in document and identity theft, along with increasing threats such as terrorism or cybercrime, and the changes in international regulations are some of the major factors that would propel the growth of fingerprint biometric market.
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Impact of COVID-19 Pandemic Outbreak on Biometric Technology Market
The spread of COVID-19 pandemic gripped the globe in the start of 2020. Governments all over the world have ramped up their measures to quickly respond to the COVID-19 pandemic.
Among various biometric technologies facial recognition, geolocation recording and facial biometric technologies is gaining traction to detect and identify infected peoples. However, fingerprint verification systems are growing fears that fingerprint or hand scanners used to control facility access are potential vectors for the spread of coronavirus.
The global biometric systems has shown tremendous growth in the past few years, the widespread of fingerprint biometric recognition systems was the main reason behind the huge growth.
Historically, the market for fingerprint biometric systems has grown around 15% to 18% globally in the past 5 years. But due to the COVID-19 outbreak, the production of fingerprint biometric systems has slowed down, with the projected decline of nearly 7%-8% in Q1-Q2 2020.
Governments have issued various protocols to possibly replace fingerprint employee-tracking systems with a card-based system or facial recognition, hence opening doors for facial recognition systems.
Advancements in Mobile Biometric Technologies to Propel the Growth of Fingerprint Biometrics Market
Mobile biometric systems refers to mobile applications used for the purpose of biometrics. This technology includes embedded readers and fingerprint sensors, as well as mobile apps which exploit biometrics. Handheld systems, as well as systems based on a smartphone or tablet are also considered under this technology.
Both government and private organizations are turning to mobile biometrics to speed up processing of human identification through fingerprint scanning. The biometric functionality can be achieved on a mobile device either through its in-built fingerprint sensors or by attaching portable biometric devices to mobile via USB cable or through a Wi-Fi connection.
For example, India’s Aadhaar project is emblematic of biometric registration, which is the world’s largest biometric identification system. The surging demand of mobile biometrics in government and financial institutes for individual identification is expected to fuel the growth of fingerprint biometric market.
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Emergence of Cloud Based Biometric Solutions
The cloud based biometric solutions are mainly driven by mobile biometric technology. The paring of mobile biometrics like fingerprint scanning and facial recognition systems with a cloud based biometric solution helps to speed up the identification process. It is always to better to safely store data on cloud instead of saving it locally.
All the enrolled user records in the biometrics systems is maintained by a service provider or the cloud platform. During the enrollment process, individuals must submit multiple biometric fingerprints. These are then stored on the cloud provider’s side as templates. The user is prompted to provide a scan of his fingerprint whenever they want to access a cloud service.
Fingerprint Biometrics Market: – Key Players
Key players in the fingerprint biometrics market are focusing on product innovation and strategic partnerships with other biometric technology vendors to develop advanced fingerprint biometric systems for numerous of applications.
The prominent players offering fingerprint biometrics solutions include –
- Gemalto
- NEC Corporation
- Apple Inc.
- HID Global
- Innovatrics
- 3M Cogent, Inc.
- BIO-key International, Inc.
- Crossmatch
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Fingerprint Biometrics Market: – Segmentation
By Component, Fingerprint Biometrics Market is segmented into-
- Fingerprint Sensors
- Biometric Software
- Services
- Integration & Deployment
- Consulting
- Support & Maintenance
By Technology, Fingerprint Biometrics Market is segmented into-
- AFIS technology
- Non-AFIS technology
By Vertical, Fingerprint Biometrics Market is segmented into-
- Banking, Financial Services and Insurance (BFSI)
- Government
- Military & Defense
- Retail
- Consumer Electronics
- Education
- Others
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