Fingerprint access control systems market set to reach $4.76 billion by 2023
The fingerprint access control system market is set to reach an impressive USD 4.76 billion in terms of revenue by 2023, a recent market research report by Global Market Insights has been able to suggest.
The increased security measures across a myriad of application areas have fueled the fingerprint access control system market, with smart homes being fitted with enhanced safety features; existing building retrofits are expected to offer security updates for countering malicious entry and theft.
Conducive regulatory landscape includes national identification programs, border control, and e-passports projects being implemented worldwide. Other factors driving fingerprint access control system market size are proliferating smartphone demand, and expansion of communication technologies such as Wi-Fi, 3G, and 4G.
The research from Global Market Insights suggests that capacitive systems are forecast to grow at a CAGR of 7.7% from 2016 to 2023. This technique makes the reader reliable as it is more difficult to fake enrolment.
Optical fingerprint scanners market is likely to exceed USD 1.75 billion by 2023. These products are expensive; however, this is offset by factors such as high image quality, longer life, and robustness.
Ultrasonic scanning technique records fingerprint by very high frequency sound and is expected to be used in smartphones to measure 3D fingerprint images. Thermal scanning measures temperature differences over time as the finger is moved across a narrow array of sensors.
Government and commercial sectors dominated fingerprint access control system market share in 2015. Consumer electronics applications had a small revenue base, but are forecast to grow at over 10% CAGR over the forecast timeframe.
Fingerprint Access Control Systems from Tensor – enjoy complete peace of mind, superior security and reliability
Using biometrics for security and identification requires meeting two challenges: they must be cheap enough and sufficiently simple to be used by ordinary users. Furthermore, for enhanced security, these biometric access control systems should combine two or more types of authentication, such as coupling fingerprints with key codes or passwords to provide greater trust that who is logging in is only who is expected to do so.
Tensor Plc, the UK’s number one manufacturer and installer of time and attendance and access control systems, supplies a range of top-range, reliable and affordable biometric access control systems based on Smart Card electronics combined with a biometric fingerprint reader.
In an elegant case and easy to use, this product is for those who want the absolute peace-of-mind, certainty and the assurance that only the right people can gain access to your sensitive or dangerous areas.
If you’d like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we’d be more than happy to answer all of your questions and queries.