The report forecasts the global fingerprint module market to grow at a CAGR of 18.45% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which will contribute to market growth is the emergence of mobile biometrics. With the implementation of the 'bring your own device' policy in enterprises and the rising adoption of mobile devices among individual consumers, the security of enterprise and personal data has become very important.
According to the report, a key growth driver is the increased number of advanced and sophisticated threats. Advanced and sophisticated threats targeting devices, people, and networks pose a significant challenge for industries such as BFSI and retail. Rapid changes in IT infrastructure have led to the emergence of advanced modes of data thefts that disrupt business models. These threats have prompted organizations to adopt authentication measures such as fingerprint recognition.
Further, the report states that one challenge that could curtail market growth is the need for high capital investment.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Semiconductor industry and fingerprint module market
PART 07: Fingerprint biometrics market by category