• Sat. Jul 31st, 2021

Fingerprint Sensors Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast With Demographic Data Till 2030

Byprajneesh

Dec 13, 2020

The need for making premises safe is rising all across the globe, as security threats are increasing. This is particularly important for government organizations, military headquarters, and courts where sensitive data is stored regarding different crucial matters. The fingerprint sensor market generated a revenue of $3.8 billion in 2019 and is projected to progress at a 13.6% CAGR during the forecast period (2020–2030).

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This market research report provides a comprehensive overview of the fingerprint sensors market

  • Historical and the present size of the fingerprint sensors market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

The rising penetration of connected devices and internet and the increasing risk of thefts and frauds in the BFSI industry is rising, thereby leading to the growing need for mitigating security related threats. Payment cards equipped with fingerprint-reading technology are further more secure and faster than traditional payment cards.

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Market Dynamics

Trends

4.3.1.1 Increasing Use of In-Display Fingerprint Sensors

Drivers

4.3.2.1 Increasing Adoption of Fingerprint Sensors in Consumer Electronic Devices

4.3.2.2 Increasing Demand for Fingerprint Sensors in Government Sector

4.3.2.3 Impact Analysis of Drivers on Market Forecast

Restraints

4.3.3.1 Storage-Related Risks

4.3.3.2 Impact Analysis of Restraints on Market Forecast

Opportunities

4.3.4.1 Emergence of Biometric Smart Cards in BFSI Sector

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