Fingerprint Sensors Market by Type 2020 | MarketsandMarkets

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MarketsandMarkets Presents
Fingerprint Sensors Market Research Report
Trend - Global Forecast to 2020 The fingerprint
sensors market is expected to grow at a CAGR of
17.1 between 2015 and 2020. It was valued at
5.5 Billion in 2014 and is projected to reach
14.5 Billion by 2020. In terms of shipments, the
market is projected to reach 10 Billion by 2020,
at CAGR of double digits between 2015 and 2020.
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The fingerprint sensing technology is one of the
most widely deployed biometrics techniques. It is
widely being used in various industry verticals
such as defense, healthcare, commercial segment,
and mobile applications among others. It helps
provide convenient security solutions that
eliminate the requirement for passwords,
patterns, and PIN codes and to release the user
from various issues such as remembering several
passwords. Additionally, it also helps in the
reduction of threats related to hacking,
stealing, and misuse of users data. Sample
pages of the Report http//www.marketsandmarkets
.com/requestsample.asp?id169519533 The Global
Trend For Fingerprint Sensors Market The
fingerprint sensors market report describes the
market trends, drivers, and challenges with
respect to the fingerprint sensors and forecasts
the market till 2020, based on type, material,
technology, application, and geography. It
provides a birds eye-view of the market across
various regions such as North America, Europe,
APAC, and RoW. North America is the largest
market for fingerprint sensors and is expected to
hold a major market share in 2014, with the U.S.
occupying the largest market share. However, the
growth rate of the North American market is
expected to decline by 2020, with APAC expected
to lead the said market. The market for
fingerprint sensors in APAC is expected to grow
at the highest CAGR of 23.6 between 2015 and
2020.
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The Major Players for fingerprint sensors market
The major players in the fingerprint sensors
market include Fingerprint Cards AB (Sweden),
Morpho (France), Synaptics Inc. (U.S.), 3M
Cogent, Inc. (U.S.), IDEX ASA (Norway), Bio-Key
International, Inc. (U.S.), Crossmatch (U.S.),
ekey biometric systems (Slovenia), BioEnable
Technologies Pvt. Ltd. (India), Next Biometrics
Group ASA (Norway), and DERMALOG Identification
Systems GmbH (Germany). Report Information
http//www.marketsandmarkets.com/Market-Reports/f
ingerprint-sensors-market-169519533.html
Fingerprint sensing technology has been
considered to be one of the most reliable cost
effective biometrics technologies. Currently, the
demand for fingerprint sensors is expected to
register a rapid growth which would be majorly
driven by its application in mobile applications,
government, defense military, banking
finance, travel migration, criminal
identification, healthcare, smart homes, and
commercial security. Additionally, fingerprint
sensors are of better quality, cheaper, and more
reliable compared to other biometrics
technologies. Thus, the said market is expecting
to witness double digit growth rate in the coming
five years.
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