FARMINGTON, Conn., Nov. 15, 2012 /PRNewswire-iReach/ -- Despite the popular perception that the security Industry is one of the most recession resilient industries worldwide, capable of providing a positive rate of return to an economy's GDP, the global biometrics market ironically showed signs of weakening during the midst of steady deterioration in business climate between 2007 and 2009. However, as technological advancements and proliferation of internet applications, such as social networks, drive the role of fingerprint authentication, particularly in wireless devices, the biometrics market is expected to rebound to generate $16.47 billion by 2017.
Global Information Inc (GII) presents two excellent market research reports covering the global markets for biometrics and silicon-based fingerprint sensors from our premium research partner, Global Industry Analysts, Inc.
Silicon-based Fingerprint Sensors
The global market for silicon-based fingerprint sensors is projected to reach $255 million by 2018. Major players in this market include Atmel Corporation, AuthenTec Inc., Fingerprint Cards AB, Fujitsu Limited, Hangzhou Synochip Technologies Co. Ltd., IDEX ASA, Jiangsu Winch Corp. Ltd., Validity Sensors Inc., among others.
Growth in social networks such as LinkedIn, Twitter, MySpace, and Facebook is increasing the demand for a user-friendly and secure mechanism for managing the usersÂ' digital identity. Silicon-based fingerprint sensors are expected to hold significant potential in maintaining digital identities in cloud-based computing infrastructure. In the coming years, more services are expected to be accessed and aggregated via personalization and authentication events using sensors. Users are expected to increasingly use services such as Microsoft Live ID, Twitter API, OpenID, Facebook Connect, and Google ID for securely connecting the user to their personal accounts and other websites on the Internet.
Asia-Pacific represents the largest regional market in terms of value sales. Japan is projected to be the fastest growing market with a CAGR of about 19.1% over the analysis period, closely followed by the Asia-Pacific region. Localization of software is expected to drive growth in European and Asian regions, particularly in high growth markets such as China. Advanced swipe sensors, due to its lower form factor, are expected to be employed increasingly in devices such as mobile phones, laptops, and tablets PCs, among others. The ongoing advancements, mostly directed towards miniaturization of sensors, have resulted in lowering of production costs as well as enabling the application of sensors in a wider range of devices. Fingerprint technology is expected to remain as a market leader in the coming years mainly due to ease-of-use and cost factor.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go248903-silicon-based-fingerprint-sensors.html
Driven primarily by increasing threat of terrorist attacks and subsequent need for efficient identification technologies, the global market for biometrics is projected to register $16.47 billion by 2017.
The US remains the largest regional market for biometrics. Asia-Pacific represents one of the fastest growing regional markets for biometrics, with dollar sales from the region waxing at a CAGR of about 23.8% over the analysis period. Characterized by burgeoning economies, increase in foreign investments, rise in business formation activities, presence of large relatively untapped private security markets and increase in crime rates, Asia-Pacific and Latin America have been witnessing increased adoption of security systems, particularly latest biometric technologies like iris scans, facial recognition. Iris/Retinal Scan market is the fastest growing segment, by technology, with dollar sales waxing at a CAGR of about 25.9% over the analysis period.
Major players in the marketplace include 3M Corporation, AcSys Biometrics Corp., AuthenTec, Inc., BIO-key International, Inc., SecureTouch Retail Systems, Biometric Security Limited, Communication Intelligence Corporation, Ivrnet, DigitalPersona, Inc., Fujitsu Limited, i2 Inc., Imprivata, RCG Holdings Limited, SAFRAN Group, Morpho, SecuGen Corporation, NEC Corporation of America, Precise Biometrics AB, Sensory Inc., Atos Origin S.A., TSSI Systems Ltd., ZK Software, among others.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go225186-biometrics.html
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