Fingerprint Recognition Continues To Provide Cost Effective Access Control
According to a report published by TechSci Research, the global biometrics market size is set to cross $24 Billion by 2021. A further report from Technavio on the global multimodal biometrics market indicated CAGR of more than 15% over the forecast period. Of this marked growth, fingerprint recognition technology holds the largest single factor authentication segment and is predicted to continue to hold this pole position for the foreseeable future.
Richard Forsyth, UK & Ireland Sales Manager of ievo Ltd, the Newcastle-based manufacturer of biometric recognition systems, explains this growth, “In light of recent appalling terrorist attacks across the world, the need for security has never been greater. Whilst travel and immigration will no doubt continue to hold the largest share of the biometric system market, and the USA still the largest customer, I suspect the less dramatic use of fingerprint readers across a wide range of sectors is actually the main driver of growth, certainly for ourselves.”
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