Financial Services are a Major Driving Force in the Biometric Time and Attendance Systems’ Market

Biometric Time and Attendance systems

The financial services sector is a major driving force in the biometric time and attendance systems’ market, second only to government agencies, a recent market research report from Tractica has been able to reveal.

The market research firm states that after the government, the financial services sector offers “the most mature market for biometrics technology”, and that the trend is expected to ramp up.

Tractica forecasts that biometric device shipments in the sector will rise from 4.7 million units this year to 43.7 million in 2024, attributing the huge increase mainly to the encouraging success of initial deployments and decreasing costs. Moreover, for the same period, revenues in the financial services biometrics market (which also includes the Biometric Time and Attendance Systems’ Market) will rise from $126 million to $2.2 billion.

As principal analyst Bob Lockhart notes, “Many industries are getting close to adopting biometrics but finance is there now.” He also points to ATMs “with fingerprint readers, vein imaging, and iris imaging,” as well as further innovations in point-of-sale authorization and mobile banking.

Trust Tensor for implementing secure and reliable biometric time and attendance systems

Tensor has an extensive level of experience in the field of biometric time and attendance systems, so it can help you install the most secure and reliable biometrics equipment, while in the same time keeping within your set budget for this task.

We offer a range of biometric fingerprint readers designed specifically for those who want peace-of-mind, certainty and the assurance that only the right people can gain access to your sensitive or dangerous areas.

These biometric time and attendance systems come packed in a very elegant and stylish case, while in the same time being extremely easy to use. Plus, they’re very easy to interconnect with our proximity card access scanners, allowing users to mix fingerprint reading and non-fingerprint reading scanners on the same security network.

Cant find what you're looking for?

Enter a search term below (e.g. "Time and Attendance") and we'll find all of our relevant content for you.

Tensor plc accreditations

Keep up to date with our latest news & developments.

Be the first to get product and software updates and other important information.