Fingerprint Access Control Systems Market Analysis, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2012 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Fingerprint Access Control Systems Market Analysis,

Market Size, Share, Regional Outlook, Industry Trends,

Competitive Strategies And Segment Forecast, 2012 To 2022

Industry Overview

Global fingerprint access control systems market size is expected to reach USD 4.4 billion by 2022,

growing at a CAGR of over 7% from 2015 to 2022. Escalating safety and security threats is anticipated to

drive industry growth. Fingerprint authentication offers a reliable solution to enhance access control

thus, assists to mitigate security breaches as well as transaction frauds.

The global smartphone industry was valued at USD 2.5 billion in 2013. It is expected to reach USD 4.4

billion by 2022, growing at a CAGR of 7% over the coming years. Emergence of multi-functional and costeffective smartphones is expected to fuel growth. Huge demand from Asia Pacific is estimated to drive

fingerprint access control systems market demand.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Highly competitive business environment is likely to boost confidentiality needs for organizational data

and information. Biometric systems market is anticipated to witness significant growth owing to

incapability of password and security PINs to safeguard the data. This safety equipment is increasingly

implemented for home fortification. Government around the globe is now taking stringent initiatives for

biometric enrolment of their citizens. Advent of projects such as national identification programs, epassports and border control are expected to drive industry growth. This measure can be attributed to

secure borders, prosecute criminals, verify immigration or employment and combat identity fraud or

terrorism.

Implementation of this system requires huge capital investment. Apart from...