Fingerprint Access Control Systems Market to Reach USD 4.4 Billion By 2022
The global fingerprint access control systems market is estimated to reach USD 4.4 billion by 2022, recent research from Radiant Insights has been able to reveal.
The global fingerprint access control systems market was valued at USD 2.5 billion in 2014 and it is likely to grow with an estimated CAGR of 7.4% from 2015 to 2022.
The growing safety and security concerns of individuals as well as organizations are projected to drive industry growth, as these biometric systems provide reliable access control, lessen fraudulent transactions and prevent security breaches.
Stringent government initiatives to secure borders, prosecute criminals, verify immigration and combat identity fraud or terrorism are also likely to surge the industry. Furthermore, the healthcare industry is likely to exhibit considerable growth opportunities due to emerging application of this technology in access control for patient examinations and marking attendance.
North America accounted for 34.24% of industry share in 2014. It is anticipated to dominate the industry over the forecast period owing to its prominent applications in consumer electronics and healthcare sectors. Asia pacific fingerprint access control systems market was valued at USD 540.3 million in 2014 and is likely to grow at a CAGR of 8.1% from 2015 to 2022.
Tensor Fingerprint Access Control Systems deliver superior security and reliability
Biometric technology uses human physical attributes as locks and keys, making it particularly suitable for access control systems on the buildings of large organisations. Using biometrics for security and identification requires meeting two challenges: they must be cheap enough and sufficiently simple to be used by ordinary users. Furthermore, for enhanced security, these biometric access control systems should combine two or more types of authentication, such as coupling fingerprints with key codes or passwords to provide greater trust that who is logging in is only who is expected to do so.
Tensor Plc, the UK’s number one manufacturer and installer of time and attendance and access control systems, supplies a range of top-range, reliable and affordable biometric access control systems based on Smart Card electronics combined with a biometric fingerprint reader.
In an elegant case and easy to use, this product is for those who want the absolute peace-of-mind, certainty and the assurance that only the right people can gain access to your sensitive or dangerous areas.
If you’d like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we’d be more than happy to answer all of your questions and queries.