Global Fingerprint scanner Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023
Fingerprint scanner is cost effective biometric device that is widely used for authentication and authorization of a person at different places. The device scans the fingerprint and match it with the database to provide the access to the user. The device is used for attendance, payments, identification and numerous other businesses in day to day life. The integration with cloud computing facilitates such devices with endless possibilities and applications. The cost effectiveness and reliability are another feature that makes it highly adoptable in industries. The rising trends for safe and secure online transactions, increased application of scanners in smart devices are the major factor propelling the growth of the fingerprint scanner market. The growing concern regarding security and safety of data across the globe is paving way for such devices in defense, banking and finance industries. The major restraining factor for the growth of the market is slow adoption and implementation of devices in some economies, moreover due to compactness of devices it is vulnerable to theft and other inauthentic mobility. The increased investment and development of smart infrastructure in coming time will drive the future market of fingerprint recognition devices. The advancement in technologies especially in smart phone will boost the momentum of growth in coming few years.