Global Fingerprint Module Market 2018-2022
About Fingerprint Module
Fingerprint modules are used for storing data such as the fingerprint template of an individual during the registration process. This fingerprint template needs to match with the fingerprint scan of an individual while he/she tries to gain access to devices and applications.Technavio’s analysts forecast the global fingerprint module market to grow at a CAGR of 19.13% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global fingerprint module market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fingerprint Module Market 2018-2022
Technavio recognizes the following companies as the key players in the global fingerprint module market: ASSA ABLOY, BioEnable, Crossmatch, IDEMIA, and 360 Biometrics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration with smart cards. The implementation of biometrics-based identification in smart cards enhances the level of security in government organizations. Furthermore, the growing adoption of e-passports having a chip embedded in them containing the passport holder’s personal information has ensured fast and secured data processing during immigration.”
According to the report, one driver in the market is rising number of data security breach incidents. According to this fingerprint biometrics market study, the continuously increasing number of data security breach incidents will be one of the key factors fueling the market’s growth during the next few years.
Further, the report states that one challenge in the market is security of fingerprint data within the system. A fingerprint system is basically a digital system that is made up of components such as capture devices, communication channels, and databases, which are vulnerable to wide range of attacks.