Global Fingerprint Biometrics in the VAR Market 2016-2020

Overview of fingerprint biometrics in the VAR (value-added reseller) market

Market research analysts at Technavio have predicted that the global fingerprint biometrics in the VAR (value-added reseller) market will grow steadily at a CAGR of almost 12% by 2020. The user credentials that organizations use to gain access to a system or an application are susceptible to security risks and has compelled organizations to start using SSO (single sign-on). In addition to increasing corporate security and reducing access control management costs, SSO also addresses issues of user convenience. Since vendors have started providing VAR software with SSO capabilities, it will lead to an increase in the demand for fingerprint biometric systems, especially in regions where the presence of biometric vendors is low.

This market study has identified that during 2015, government organizations were the major end-users of finger biometrics by VARs. The introduction of multimodal biometric systems will be one of the major trends that will gain traction in the market in the coming years. Multimodal biometrics is the integration of a number of biometric technologies such as fingerprint recognition, facial recognition, and voice recognition, and has found significance in several sectors such as healthcare, BFSI, transportation, automotive, and government. Owing to benefits like accurate and reliable recognition, increased level of security, and reduced vulnerability, multimodal biometric systems are likely to find application in several other sectors as well. 

Competitive landscape and key vendors

Characterized by the presence of several large and small scale biometric companies, vendor competition in the market is intense. The high level of vendor competition has induced companies to distinguish their services and product offerings through a clear and unique value proposition. Vendors have also started adopting M&A strategies to develop and expand their global reach and to strengthen product lines. The biometric fingerprint system market is currently at the growth stage, and its high growth potential is likely to attract many new players and VARs into the market. 

The leading vendors in the market are -

• Fulcrum Biometrics
• Delaney Secure
• Neurotechnology
• 360 Biometrics

Other prominent vendors in the market are AKSA Solution Development, AutoStar Technologies, Bayometric, Bromba Biometrics, California Peripherals and Components, Digital Data Systems, DYDEX-HS, and Eyenetwatch.

Segmentation by technology and analysis of fingerprint biometrics in the VAR market

• AFIS (automated fingerprint identification system)
• Non-AFIS

According to this market research and analysis, the non-AFIS segment will account for almost 90% of the total market share and will dominate fingerprint biometrics in the VAR market throughout the forecast period. Since non-AFIS systems facilitate secure employee monitoring, time and attendance management, and access control, they are widely used by enterprises. The rising adoption of non-AFIS technology in the automotive industry and its increasing implementation in public areas will have a positive impact on the growth of this market segment.

Geographical segmentation and analysis of fingerprint biometrics in the VAR market

• Americas
• APAC
• EMEA

Owing to the increasing adoption of biometric fingerprints among end-users in the region, the Americas accounted for approximately 38% of the total market share during 2015. The growing need for security will lead to increased government spending on fingerprint biometric technology. Additionally, the rise in adoption of fingerprint recognition technology in airports for e-passports and visas will contribute to the growth of the biometric security systems industry in the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving fingerprint biometrics in the VAR market?
• What are the key market trends impacting the growth of fingerprint biometrics in the VAR market?
• What are the challenges to market growth?
• Who are the key vendors in fingerprint biometrics in the VAR market?
• What are the market opportunities and threats faced by the vendors in fingerprint biometrics in the VAR market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of fingerprint biometrics in the VAR market?

Technavio also offers customization on reports based on specific client requirement.

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• Global Biometrics as a Service Market 2016-2020
• Global Voice Recognition Biometrics Market 2015-2019
• Global Biometric in Workforce Management 2015-2019