Access control systems using biometric fingerprint sensors set for reach USD 11.88 billion by 2024
The access control systems using biometric fingerprint sensors market is set for some serious growth over the next 6 years, reaching USD 11.88 billion by 2024, according to a recent market research report from Million Insights.
The factors set to play a major role in the growth of the fingerprint access control system market are the rising demand for biometric solutions, growing demand from end-users, availability of innovative solutions and technological enhancement, and rising crime and terrorist activities. However, developing palm and iris authorization systems may restrain overall market growth in the years to come.
Thermal, optical, ultrasonic, capacitive, pressure, and other product types could be explored in fingerprint access control systems in the forecast period. The optical sector accounted for the substantial market share of fingerprint access control systems and is estimated to continue its dominance in the years to come. The reason behind the overall market growth could be the rising use of electronic devices like smartphones. In addition, the capacitive sector is estimated to grow at the highest CAGR in the years to come.
The market may be categorized based on applications like healthcare, commercial, banking & finance, consumer electronics, military & defense, government, and others could be explored in the forecast period. Commercial sector accounted for the significant market share of fingerprint access control systems and is estimated to lead the overall market in the years to come. The reason could be rising demand for safety and security across the business sector. Also, the consumers electronics sector is estimated to grow at the fastest pace in the years to come.
Access Control UK – experts in designing and deploying advanced biometric access control systems
Access Control UK employs a variety of access control technologies in order to create advanced solutions, enable users to exert solid, reliable and accurate control over the access to specific premises or zones.
If you’d like to find out more about the range of solutions supplied by Access Control UK, both in terms of hardware (smart card readers, biometric readers, turnstiles, etc.) and software (access rights management software solutions, etc.), just contact us, we’ll be more than happy to answer any queries you might have.