LONDON, Dec. 19, 2016 /PRNewswire/ -- Biometrics technology is an automated method of identifying a person based on his/her physiological and behavioral traits. Among these, some of the major human characteristics measured are fingerprint, face, IRIS, hand geometry, vein, and voice, and others. Among all the biometric techniques, the fingerprint modality will continue to dominate the biometrics market during the forecast period due to its low cost and high accuracy rates. Fingerprint scanner is widely used in range of applications such as consumer electronics, healthcare, defense, commercial buildings, and others. The fingerprint scanner market is charged by significant applications such as massive adoption of smartphones, rise in online payment transactions and cloud computing applications, increasing need for improving border security, favorable regulatory landscape, and increased security concerns globally. The fingerprint scanner market in terms of the consumer electronics industry is growing at a very high rate due to the increasing use of fingerprint sensors in various electronic devices such as smartphones, tablets, laptops, and computers. Dominant IT industry players are further pushing the growth of fingerprint scanner industry fast forward. Companies are focusing on enhancing their existing technology and introducing new innovative products that can provide users with low cost and reliable fingerprint scanner solutions. Another emerging trend in the marketis single sign on, this property helps the users to log on to the computer with the touch of a finger, instead of typing password and/ or login ID every time. Two factor identification, contactless fingerprint scanner, fingerprint voting systems, and other security measures are the leading trends in the fingerprint scanner market currently. It provides appropriate security solutions for eliminating passwords, patterns, and PIN codes. Additionally, it helps in reduction of threats related to hacking, stealing, and misuse of user data.
However, due to cultural barriers, there are limitations in implementing fingerprint scanner in few countries across the globe. This can be considered as one of the major factor responsible for decline in fingerprint scanner market growth. The major restraints for the fingerprint scanner market growth are the lack of standardization in the process of development and implementation. Some of the major players in the fingerprint scanners market are 3M, BioEnable, BIO-key, CROSSMATCH, DERMALOG, Fingerprint Cards AB, HID Global, SAFRAN, Synaptics, and SecuGen.