About the Fingerprint Biometrics in Value-Added Reseller (VAR) Market
In 1999, biometrics was introduced to identify an individual based on the behavioral and physiological characteristics of the individual, which are difficult to duplicate. It is an authentication method that evaluates one or more unique biological traits such as voice, palm geometry, and DNA. Biometric technologies are considered to be more reliable compared to hardware devices and numeric codes. Biometrics involves the verification and identification of an individual for authentication. The verification process is a one-to-one matching process that is used to verify biometric traits of an individual against a specific template in the database. The identification process is a one-to-many matching process where the biometric traits of an individual are matched against all templates in the database.
Technavio’s analysts forecast the global fingerprint biometrics in value-added reseller (VAR) market to grow at a CAGR of 11.8% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fingerprint biometrics in value-added reseller (VAR) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of fingerprint biometric solutions by VARs. The solutions include sensors, scanners, readers, modules, fingerprint analysis software, and software development kits.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fingerprint Biometrics in Value-Added Reseller (VAR) Market 2016-2020
Technavio recognizes the following companies as the key players in the global fingerprint biometrics in value-added reseller (VAR) market: Fulcrum Biometrics, Delaney Secure Ltd., Neurotechnology, and 360 Biometrics.
Other Prominent Vendors in the market are: AKSA Solution Development, AutoStar Technologies, Bayometric, Bromba Biometrics, California Peripherals and Components, Digital Data Systems, DYDEX-HS, and Eyenetwatch.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is encouraging market growth is the introduction of multimodal biometric systems. The implementation of multimodal biometrics in many sectors such as healthcare, BFSI, transportation, automotive, and government is a major trend exhibited in the market. Multimodal biometrics is the integration of a number of biometric technologies such as fingerprint recognition, facial recognition, and voice recognition. It can be used to prevent unauthorized access to ATMs, healthcare databases, mobile devices, and online and offline applications.”
According to the report, a key growth driver is the integration of fingerprint biometrics into smart cards. A biometric-based smart card is a combination of a stored fingerprint template on a smart card and a live scanner. It is used for various documents such as ID cards, passports, driving licenses, social security cards, and medical and insurance cards to enhance the level of security and ensure the safety of the user. In the past, many countries did not encourage the integration of biometrics into smart cards owing to privacy issues.
Further, the report states that one challenge that could hamper market growth is competition from inexpensive non-biometric technologies.
Fulcrum Biometrics, Delaney Secure Ltd., Neurotechnology, 360 Biometrics, AKSA Solution Development, AutoStar Technologies, Bayometric, Bromba Biometrics, California Peripherals and Components, Digital Data Systems, DYDEX-HS, Eyenetwatch.
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