application of biometric technology in education centers, commercial centers, offices, and
research institutes are stimulating the growth of the market over the forecast period.
Increasing application of biometric technology in government sectors is one of the major
reasons driving growth of the market. The government of India has familiarized Aadhaar Card
allotted by Unique Identification Authority of India (UIDAI) for biometric attendance scheme in
government establishments. Increasing reserves and initiatives based on security-related
developments in government institutes and cross-border organizations are also expected to fuel
the market growth over the forecast period. Moreover, installation of biometric systems for
attendance purpose is nowadays common in both large and medium sized organizations. Also,
certain organizations are implementing face scanner and iris scanner for better management of
data security and authentication. These factors are supporting growth of the market.
Furthermore, increasing prevalence of identity theft and incidences of security faults is leading
to the development of biometric sensors with latest technologies. The application of integrated
fingerprint readers and biometric lock system in luxury hotels is also contributing to growth of
biometric sensors market. The demand for biometric sensors across the globe is expected to
increase over the forecast period, owing to increasing technological advancements and rising
industrialization. However, high cost of these biometric sensors and maintenance cost of the
whole biometric system are some of major factors hampering the market growth.
Browse Detail Biometric Sensors Market Report @
https://www.coherentmarketinsights.com/market-insight/biometric-sensors-market-754
Key takeaways of the Biometric Sensors Market:
The global biometric sensors market is estimated to increase at a CAGR of 8.3% over the
forecast period (2017–2025) as there exists a huge demanding market especially in
North America and Europe.
The Optical sensors dominates the market in the product segment, owing to its
accuracy, detectability, and experimental simplicity.
Fingerprint scan dominates the market in the application segment, owing to increasing
application across different end-use industry.
Consumer electronics, banking, and financial sector are the major end users of biometric
sensors market, owing to the high demand for fingerprint scan, palm scan, and gesture
recognition features.