#Global Automotive Biometric Access Systems Market | Explore Tumblr posts and blogs

credenceresearchdotblog · 4 months ago

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The Iris Recognition Market is projected to grow from USD 6572.1 million in 2024 to USD 20527.62 million by 2032, achieving a CAGR of 15.30%.The iris recognition market has seen significant growth over the past decade, driven by increasing security concerns, advancements in biometric technology, and widespread adoption across various sectors. This article delves into the key factors propelling the market, the technology behind iris recognition, and its diverse applications.

Browse the full report at https://www.credenceresearch.com/report/iris-recognition-market

Understanding Iris Recognition Technology

Iris recognition is a biometric method that uses unique patterns in the colored part of the human eye to identify individuals. The iris's intricate structures remain stable over time, making it a highly reliable identifier. This technology involves capturing a high-resolution image of the iris, extracting unique features, and comparing them against a stored database to authenticate an individual's identity.

Market Growth and Key Drivers

The global iris recognition market has experienced rapid growth, with projections indicating a compound annual growth rate (CAGR) of around 18% from 2021 to 2028. Several factors contribute to this robust expansion:

1. Enhanced Security Requirements: As security threats become more sophisticated, the need for advanced and reliable identification systems has escalated. Iris recognition provides a higher level of security compared to traditional methods like passwords or PINs.

2. Government Initiatives: Numerous governments worldwide are adopting biometric systems for national security and citizen identification programs. For instance, India’s Aadhaar program, which is the world’s largest biometric ID system, includes iris recognition as a key component.

3. Advancements in Technology: Continuous innovations in biometric technology have improved the accuracy, speed, and affordability of iris recognition systems. Developments in artificial intelligence (AI) and machine learning have further enhanced these systems' ability to handle large-scale databases efficiently.

4. Increasing Adoption in Various Sectors: Iris recognition is gaining traction across multiple industries, including healthcare, banking, automotive, and travel. Its applications range from patient identification in hospitals to secure access control in financial institutions.

Key Applications of Iris Recognition

1. Security and Access Control: Iris recognition systems are widely used in securing physical and logical access. High-security facilities such as government buildings, data centers, and military bases utilize this technology to restrict access to authorized personnel only. Additionally, iris recognition is being integrated into smartphones and laptops for user authentication.

2. Healthcare: In the healthcare sector, iris recognition helps in accurate patient identification, ensuring that medical records are correctly matched to the right individual. This reduces the risk of medical errors and enhances patient safety.

3. Banking and Financial Services: Banks and financial institutions employ iris recognition for secure customer authentication and fraud prevention. This technology ensures that only authorized users can access sensitive financial information and conduct transactions.

4. Travel and Immigration: Airports and immigration authorities use iris recognition to expedite the identification process, improving security and reducing wait times for passengers. Automated border control systems and e-gates equipped with iris recognition technology are becoming increasingly common.

5. Automotive Industry: Iris recognition is being incorporated into advanced driver assistance systems (ADAS) and vehicle access control. It enhances driver authentication and provides personalized settings, improving both security and user experience.

Challenges and Future Prospects

Despite its numerous advantages, the iris recognition market faces several challenges. Privacy concerns and the potential for misuse of biometric data are significant issues that need to be addressed. Additionally, the high initial costs associated with implementing iris recognition systems can be a barrier for smaller organizations.

Looking forward, the market is poised for continued growth, driven by technological advancements and expanding applications. Integrating iris recognition with other biometric modalities, such as facial recognition and fingerprint scanning, could offer even higher security levels. Moreover, ongoing research and development efforts aim to make iris recognition more affordable and accessible to a broader range of users.

Key Player Analysis

Thales (France)

IDEMIA (France)

HID Global Corporation (US)

Iris ID, Inc. (US)

IriTech, Inc. (US)

IrisGuard Ltd. (UK)

EyeLock LLC (US)

NEC Corporation (Japan)

Princeton Identity (US)

CMITech Company, Ltd. (Korea)

Segments:

Based on Component

Hardware

Software

Based on Product

Smartphones

Wearables

Tablets & Notebooks

Personal Computers/Laptops

Scanners

Based on Application

Identity Management and Access Control

Time Monitoring

E-Payment

Based on Vertical

Government

Military & Defense

Healthcare

Banking & Finance

Consumer Electronics

Travel & Immigration

Automotive

Based on the Geography:

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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businessindustry · 5 months ago

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Intelligent Electronic Lock Market Future Trends by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Intelligent Electronic Lock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Intelligent Electronic Lock Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Intelligent Electronic Lock Market?

The intelligent electronic lock market is expected to register a CAGR of 7.8% during the forecast period of 2024 to 2032.

What are Intelligent Electronic Lock?

An Intelligent Electronic Lock is a sophisticated locking mechanism that employs electronic and digital technologies to deliver advanced security features and remote access control. These locks often feature keyless entry, biometric authentication, and the ability to be monitored and controlled remotely. They are widely used in residential, commercial, and industrial settings to bolster security and convenience. Intelligent electronic locks can be operated using various methods, such as smartphones, keypads, and RFID cards, offering users flexibility and ease of use. Designed to offer a higher level of security than traditional mechanical locks, they come equipped with features like audit trails and real-time notifications to alert users of any unauthorized access attempts.

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What are the growth prospects and trends in the Intelligent Electronic Lock industry?

The intelligent electronic lock market growth is driven by various factors and trends. The market for intelligent electronic locks is growing rapidly, fueled by the increasing demand for advanced security solutions and the rise of smart home automation. These locks offer enhanced security features such as keyless entry, remote monitoring, and compatibility with smart home systems. They are widely used in residential, commercial, and industrial settings due to their convenience and advanced security capabilities. The market offers a variety of products, including biometric locks, keypad locks, and RFID locks, to meet the diverse needs of consumers. Key market trends include the integration of artificial intelligence and machine learning for enhanced security, as well as the development of energy-efficient and environmentally friendly lock systems. Hence, all these factors contribute to intelligent electronic lock market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Biometric Locks

Keypad Locks

Bluetooth/Wi-Fi-enabled Locks

RFID/NFC-enabled Locks

Magnetic Strip Locks

By End Use:

Residential

Commercial

Industrial

By Application:

Home Security

Office/Commercial Security

Hospitality

Government and Defense

Automotive

Healthcare

Others

Market Segmentation By Region:

North America

United States

Canada

Europe

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Assa Abloy AB

Allegion plc

dormakaba Holding AG

Salto Systems S.L.

Samsung Electronics Co., Ltd.

Honeywell International Inc.

Siemens AG

Schneider Electric SE

Panasonic Corporation

Bosch Security Systems Inc.

Kwikset Corporation

August Home Inc.

LockState

ADEL Locks

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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#Intelligent Electronic Lock Market share #Intelligent Electronic Lock Market size #Intelligent Electronic Lock Market trends

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robjackson616-blog · 5 months ago

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Car Security System Market to See Revolutionary Growth:

According to HTF Market Intelligence, theGlobal Car Security System market to witness a CAGR of % during forecast period of 2024-2030. EMEA Car Security System Market Breakdown by Application (Passenger Cars, Commercial Vehicles) by Technology (Alarm Systems, Immobilizers, GPS Tracking Systems, Biometric Systems, Remote Keyless Entry (RKE)) by Distribution Channel (OEMs (Original Equipment Manufacturers), Aftermarket) by Connectivity Type (Wired Systems, Wireless Systems) and by Geography (Europe, Middle East, Africa). The Car Security System market size is estimated to increase by USD Billion at a CAGR of % from 2024 to 2030.. Currently, market value is pegged at USD Billion.

Get Detailed TOC and Overview of Report @

A car security system is a set of electronic devices and technologies designed to protect vehicles from theft, vandalism, and unauthorized access. Common components include alarms, immobilizers, GPS tracking systems, and surveillance cameras.

Some of the key players profiled in the study are Bosch (Germany), Continental AG (Germany), Valeo SA (France), Visteon Corporation (United States), Lear Corporation (United States), Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), Delphi Technologies (United Kingdom), ZF Friedrichshafen AG (Germany), Harman International Industries, Incorporated (United States), Mitsubishi Electric Corporation (Japan). Additionally, other players that are part of this detailed analysis are TRW Automotive Holdings Corp. (United States), Omron Corporation (Japan), Autoliv Inc. (Sweden), Gentex Corporation (United States)..

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rohitpalan · 7 months ago

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Global Facial Recognition Market Set to Soar, Expected to Reach US$ 25.4 Billion by 2033

A recent FMI analysis projects that the facial recognition market would develop at a compound annual growth rate (CAGR) of 16.1%, from US$ 5.7 billion in 2023 to US$ 25.4 billion by 2033. According to this survey, increased government spending on the contemporary CCTV cameras that are deployed in most public spaces to prevent crime and terrorist attacks and to enhance public safety is what is propelling the growth of the facial recognition sector.

The need for face detection systems to increase safety and security, along with the rise of applications in physical security and intelligent signs, are expected to fuel the growth of the worldwide facial recognition market during the course of the forecast period. Predictions from the poll indicate that technology advancements such as cloud-based

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The gradual rise in use cases following the COVID-19 pandemic is another factor that has benefited the market’s requirement for facial recognition. Additionally, these devices are being used by healthcare institutions all around the world to do thermal camera inspections.

Key Takeaways from the Market Study

Global Facial Recognition market to be valued at US$ 5.2 Bn by 2022-end

By Component, Software Tools Segment expanded at a CAGR of 16.8% until 2021

Law Enforcement applications ruled the Facial Recognition market with a CAGR of 16.7% until 2021.

China to account for the highest value share of US$ 1.6 Bn of global market demand for the Facial Recognition market in 2032.

Competitive Landscape

Players in the global Facial Recognition market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In March 2022, Aware, a biometrics software and services company, partnered with MIRACL to expand its cloud-based biometric authentication technology. The partnership is a mutual reseller arrangement whereby each company can both sell each other’s products and integrate them within their own product lines, quickly bringing to market password-free login paradigms delivering superior security and simplicity for users.

In March 2022, SALTO’s acquisition of Cognitec Systems initiates a strong partnership of business synergy and innovation. This acquisition is expected to meet market requests for adding face recognition and artificial intelligence technologies to the company’s renowned electronic access control and ticketing solutions. In addition, both companies appreciate a similar innovative work environment and corporate culture.

More Insights on the Facial Recognition Market

Future Market Insights offers an unbiased analysis of the global facial recognition market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the facial recognition market, the market is segmented on the basis of component type, application, and vertical across five major regions.

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Key Segments Covered in the Facial Recognition Industry Report

Facial Recognition by Component

Facial Recognition Software Tools

2D Facial Recognition

3D Facial Recognition

Facial Analytics

Facial Recognition Services

Training and Consulting

Cloud Based Facial Recognition

Facial Recognition by Vertical

Facial Recognition in Banking

Facial Recognition in Retail & E-Commerce

Facial Recognition in Automotive

Facial Recognition in Healthcare

Facial Recognition in Government & Defence

Facial Recognition for Other Verticals

Facial Recognition by Application

Facial Recognition for Law Enforcement

Facial Recognition for Access Control

Facial Recognition for Emotion Recognition

Facial Recognition for Attendance Tracking and Monitoring

Facial Recognition for Other Applications

#Facial Recognition Market

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organicmarketresearch1 · 9 months ago

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Global Fingerprint Sensor Market Size, Share, Demand & Trends 2031

The Global Fingerprint Sensor Market size was estimated at USD 4.54 billion in 2022 and is expected to hit around USD 12.71 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 11.32% from 2022 to 2031.

The landscape of biometric technology, specifically fingerprint sensors, has witnessed significant growth, leading to the evolution of the global fingerprint sensor market. Fingerprint sensors serve as a crucial component in various security applications, offering a reliable and convenient method for user authentication. These sensors are integral to ensuring secure access to devices, data, and systems, playing a pivotal role in modern security protocols.

The demand for fingerprint sensors has surged in recent years, driven by the increasing emphasis on data security, identity verification, and the widespread adoption of biometric authentication across diverse industries. With the proliferation of smartphones, laptops, and other smart devices, fingerprint sensors have become ubiquitous, providing a seamless and secure means of unlocking devices and accessing sensitive information.

As digitalization continues to transform industries, the global fingerprint sensor market has experienced a surge in demand, fueled by the growing need for robust authentication solutions. Fingerprint sensors offer a biometric identification method that is not only convenient but also difficult to replicate, enhancing the overall security posture of systems and applications.

Key market players are responding to the evolving needs of businesses and consumers by introducing advanced fingerprint sensor technologies. These innovations include improvements in sensor accuracy, faster recognition speeds, and integration with other emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT). The integration of AI algorithms into fingerprint sensors enhances pattern recognition, contributing to more reliable and adaptive authentication mechanisms.

In addition to advancements in technology, the market is witnessing a notable trend towards the integration of fingerprint sensors into a variety of devices beyond traditional smartphones and laptops. Sectors such as finance, healthcare, and automotive are increasingly incorporating fingerprint sensors for secure access and identity verification, driving the expansion of the market into new applications.

Security remains a paramount concern, and fingerprint sensor manufacturers are responding by enhancing the security features of their products. Encryption, anti-spoofing technologies, and liveness detection mechanisms are being integrated into fingerprint sensors to safeguard against unauthorized access and address emerging threats in the cybersecurity landscape.

Furthermore, the global fingerprint sensor market is experiencing a shift towards touchless biometric solutions in response to health and hygiene considerations. Contactless fingerprint sensors, utilizing advanced imaging and recognition technologies, are gaining prominence, especially in public spaces and high-traffic environments.

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Recent Developments:

Recent advancements in the global fingerprint sensor market include the incorporation of 3D sensing technologies, enabling more accurate and secure fingerprint recognition. Manufacturers are focusing on enhancing the overall user experience by developing sensors that are not only secure but also user-friendly and adaptable to various environmental conditions.

The market is also witnessing increased collaboration between fingerprint sensor manufacturers and software developers to create seamless and integrated solutions. These collaborations aim to provide end-users with a comprehensive and secure biometric authentication experience, further driving the widespread adoption of fingerprint sensors across industries.

As the global fingerprint sensor market continues to evolve, the integration of cutting-edge technologies, emphasis on security, and expansion into diverse applications are expected to shape its trajectory, meeting the growing demand for reliable and convenient biometric authentication solutions.

Market Segmentation:

Market Breakup: By Type Touch Swipe Area

Market Breakup: By Sensor Technology Optical Sensor Capacitive Sensor Thermal Sensor Ultrasonic Sensor

Market Breakup: By Application Mobile Devices Consumer Electronics Travel and Immigration Government and Law Enforcement Military and Defense Banking and Finance Commercial Healthcare Residential

Market Breakup: By Material Optical Prism Piezoelectric (PMUT) Pyroelectric Adhesive

Regional Analysis The size and scope of the global Fingerprint Sensor Market vary by region and are important and expanding. Below is a quick summary of the market’s regional analysis:

North America: The widespread adoption of biometric technologies and the increasing emphasis on enhancing security across various industries are propelling the robust growth of the global fingerprint sensor market. North America, being at the forefront of technological advancements, exhibits a high acceptance rate for fingerprint sensor technologies. The region’s mature technical infrastructure, especially in the United States, drives continuous innovation in fingerprint sensor applications. Security remains a paramount concern, and businesses prioritize cutting-edge fingerprint sensor solutions to stay competitive. The dynamic market in North America is marked by a strong ecosystem of IT services and a growing demand for scalable, efficient, and secure fingerprint sensor solutions.

Europe: The fingerprint sensor market in Europe is characterized by a diverse landscape, with varying levels of technological advancement across nations. Leading economies such as Germany and the United Kingdom are pioneers in adopting the latest fingerprint sensor technologies. Strict data protection regulations influence market dynamics, pushing businesses to prioritize security features in fingerprint sensor selection. Additionally, there is a notable shift towards sustainable and energy-efficient fingerprint sensor solutions, aligning with the region’s growing emphasis on environmental consciousness.

Asia-Pacific: The Asia-Pacific region emerges as a key growth area for the global fingerprint sensor market, driven by rapid industrialization and a strong push towards digital transformation. Countries like China, India, and Japan are at the forefront of implementing cutting-edge fingerprint sensor technologies as their IT infrastructures expand. Diverse preferences for biometric solutions, including fingerprint sensors, cloud-based deployments, and customization to address specific regional needs, contribute to the dynamic market landscape. The adoption of fingerprint sensors is on the rise in response to the increasing demand for secure authentication in mobile applications, financial transactions, and identity verification.

South America: The fingerprint sensor market in South America is characterized by a mix of burgeoning startup environments and well-established businesses. Businesses in countries like Brazil and Argentina are increasingly adopting fingerprint sensor technologies to modernize their security measures. Affordability, adherence to governmental regulations, and economic stability play crucial roles in shaping the market. There is a growing focus on fingerprint sensor solutions that offer not only security but also scalability and interoperability with emerging technologies, reflecting the region’s ongoing digitalization efforts.

Middle East and Africa: The Middle East and Africa are witnessing steady growth in the fingerprint sensor market as the region continues to invest in robust IT infrastructure. Countries like South Africa and the United Arab Emirates lead in the adoption of advanced fingerprint sensor technologies to support their developing economies. Factors such as a burgeoning population, increasing internet penetration, and the demand for efficient data management solutions drive the market. Cloud-based fingerprint sensor solutions are gaining traction, and there is a notable emphasis on cybersecurity capabilities to address emerging threats and ensure the competitiveness of businesses in the region.

Market Breakup By Region North America Europe Asia Pacific Latin America Middle East and Africa

Competitive Landscape The Fingerprint Sensor Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Fingerprint Sensor marketplace.

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#Fingerprint Sensor Market #technology #market research #market size

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sudeepkedar · 9 months ago

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Biometric Vehicle Access Systems Market Growth Analysis & Forecast Report | 2024-2032

Biometric Vehicle Access Systems Market is estimated to be worth USD 2.5 billion by the end of 2032. The increasing adoption of electric vehicles (EVs) is expected to propel the market growth. With the global automotive landscape shifting towards sustainable transportation, the integration of advanced technologies, including biometric access systems is significantly rising. EV manufacturers prioritize cutting-edge features and biometric systems to offer secure and convenient access to vehicles. Furthermore, for advancing the automobile sector, several market players are creating novel solutions by integrating state-of-the-art technology with aesthetically pleasing designs, propelling the market growth. For instance, in January 2024, Continental launched the Face Authentication Display for setting a new benchmark for vehicle access management using enhanced biometric user recognition.

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The facial recognition segment in the biometric vehicle access systems industry is anticipated to witness high demand from 2024 to 2032 due to its accuracy and high speed. The integration of facial recognition technology in vehicle access systems helps enhance security and convenience for users. Automakers are prioritizing advanced and contactless access solutions, further contributing to the growing acceptance of facial recognition owing to its seamless authentication process for unlocking doors and starting vehicles. Additionally, the increasing consumer demand for sophisticated and secure features will boost the segment growth.

In terms of application, the biometric vehicle access systems industry from the keyless entry systems segment generated substantial revenue in 2023 and is likely to depict notable growth through 2032. The integration of biometrics into keyless entry systems offers improved vehicle security and convenience. Biometric verification methods, such as fingerprint and facial recognition provide seamless and secure access, in replacing traditional key fobs. The rising demand for advanced and user-friendly access solutions in modern vehicles coupled with the increasing adoption of smart and connected technologies will foster the segment expansion.

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Asia Pacific biometric vehicle access systems market size recorded USD 255 million in 2023 and will witness expansion through 2032 attributed to the technological advancements, rising automotive sales, and an increasing focus on security. The growing awareness among consumers about advanced vehicle security solutions and the surge in affordability are fueling the adoption of biometric access systems. Additionally, the increasing government emphasis on stringent security measures coupled with the growing concerns about vehicle theft and the greater need for seamless and convenient access will further accelerate the regional market expansion.

Partial chapters of report table of contents (TOC):

Chapter 1 Methodology & Scope

1.1 Market scope & definition

1.2 Base estimates & calculations

1.3 Forecast calculation

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Biometric vehicle access systems market 3600 synopsis, 2018 - 2032

2.2 Business trends

2.2.1 Total Addressable Market (TAM), 2024 - 2032

2.3 Regional trends

2.4 Type trends

2.5 Vehicle type trends

2.6 Application trends

Chapter 3 Biometric Vehicle Access Systems Industry Insights

3.1 Industry ecosystem analysis

3.2 Suppliers landscape

3.2.1 Component providers

3.2.2 Manufacturers

3.2.3 Technology providers

3.2.4 Distributors

3.2.5 End-user

3.3 Profit margin

3.4 Technology & innovation landscape

3.5 Construction statistics

3.6 Patent analysis

3.7 Key news and initiatives

3.7.1 Partnership/Collaboration

3.7.2 Merger/Acquisition

3.7.3 Investment

3.7.4 Product launch & innovation

3.8 Regulatory landscape

3.9 Impact forces

3.9.1 Growth drivers

3.9.1.1 Growing concerns for vehicle security

3.9.1.2 Advancements in biometric technology

3.9.1.3 Rise in adoption of autonomous vehicles

3.9.1.4 Prevalence of car-sharing and ride-hailing services

3.9.1.5 Introduction of government regulations and standards

3.9.2 Industry pitfalls & challenges

3.9.2.1 Concerns related to security

3.10 Growth potential analysis

3.11 Porter’s analysis

3.12 PESTEL analysis

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infinitiresearch · 11 months ago

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Gait Biometrics Market| Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027

Originally published on Technavio: Gait Biometrics Market by End-user, Type and Geography - Forecast and Analysis 2023-2027

The Gait Biometrics Market is positioned for comprehensive analysis and anticipated growth during the forecast period from 2023 to 2027. This market, at the intersection of biometric technology and human movement analysis, will be examined based on end-user applications, types of gait biometrics, and geographical trends influencing its trajectory.

In terms of end-users, the Gait Biometrics Market caters to a diverse range of sectors, including healthcare, security and surveillance, sports and fitness, and the automotive industry. In healthcare, gait biometrics play a role in monitoring and assessing mobility patterns, aiding in the diagnosis and treatment of various conditions affecting human movement. Security and surveillance applications leverage gait biometrics for unique and non-intrusive identification purposes, enhancing access control and monitoring systems. The sports and fitness sector utilizes gait analysis to optimize athletic performance, prevent injuries, and tailor training programs. Additionally, the automotive industry integrates gait biometrics for personalized in-car experiences, such as adjusting seating positions and climate control based on individual walking patterns.

The types of gait biometrics encompass various methodologies for capturing and analyzing human gait. These may include sensor-based systems, computer vision technologies, and machine learning algorithms. Sensor-based systems often use accelerometers or gyroscopes to capture the subtle nuances of an individual's walking pattern. Computer vision technologies utilize cameras to record and analyze the biomechanical features of gait, such as stride length and walking speed. Machine learning algorithms process the collected data to create unique gait profiles, enabling accurate and reliable identification.

Geographically, the global Gait Biometrics Market demonstrates a widespread presence, with notable contributions from regions such as North America, Europe, Asia-Pacific, and South America. North America, particularly the United States, is a major player in the market, driven by advancements in technology, extensive research and development initiatives, and the integration of gait biometrics in various industries. Europe, with countries like the United Kingdom and Germany, stands as another significant contributor, benefiting from a focus on biometric security and healthcare innovation. The Asia-Pacific region, led by countries such as China and Japan, is experiencing notable growth, reflecting increasing investments in technology and a growing awareness of gait biometrics applications. South America, with its evolving technological landscape, also contributes significantly to the global market.

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The forecasted period for the Gait Biometrics Market underscores the multifaceted applications of gait analysis in diverse industries. As technology continues to advance, and the understanding of gait biometrics expands, manufacturers and stakeholders in the biometric technology sector must adapt to evolving applications, ethical considerations, and global trends to capitalize on the expanding opportunities within the dynamic Gait Biometrics Market.

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techninja · 1 year ago

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The Healthcare Biometrics Market Is Estimated To Witness High Growth Owing To Advancing Technologies

The healthcare biometrics market is estimated to be valued at US$ 25.77 Bn in 2023 and is expected to exhibit a CAGR of 12.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The healthcare biometrics market involves the identification and authentication of individuals based on their physiological or behavioral characteristics. Biometric technologies used in this market include fingerprint, face, iris, vein, behavioral recognition, and voice among others. These technologies help in securing patient identification, data privacy, and provide ease of access to digital healthcare services. Market Dynamics: Growing adoption of digital healthcare services and devices and increasing focus on data privacy and security are the key drivers fueling growth of the healthcare biometrics market. As digital healthcare services like telemedicine and remote patient monitoring gain popularity, demand for robust identity verification systems is also increasing. Biometric technologies help in addressing issues of false identities and securing sensitive patient information. Furthermore, rising healthcare expenditure and advancements in biometric sensors are augmenting the market growth. However, high costs of biometric systems and privacy & security concerns associated with biometric data theft may hinder the market growth. SWOT Analysis Strength: Healthcare biometrics offers high level of security and convenience as it utilizes physiological or behavioral characteristics to authenticate patients and medical practitioners. It helps reduce healthcare costs by automating processes like billing and insurance claims. Authentication through biometrics also boosts productivity by eliminating use of IDs, passwords, PINs etc. Weakness: High implementation and infrastructure costs associated with biometrics systems may deter some healthcare providers. Issues regarding privacy and security of sensitive biometric data of patients can create resistance. Compatibility with existing legacy systems and technology upgrades can be challenging. Opportunity: Growing concerns around security of patient health records and increasing instances of medical identity theft are driving demand for biometrics. Integration of biometrics with electronic health and medical records improves security. Rising telemedicine and digital healthcare offers opportunities for multi-factor authentication using biometrics. Threats: Stringent regulations around data privacy and security poses compliance challenges. Technological issues like system errors and technology delays can undermine reliability. Biometric spoofing and alteration threatens security. Key Takeaways The global healthcare biometrics market is expected to witness high growth, exhibiting CAGR of 12.% over the forecast period, due to increasing security concerns around patient health records and medical identity theft. Rising adoption of electronic health records and digitization of healthcare processes is driving demand for multi-factor authentication using biometrics. Regional analysis: North America dominates the global healthcare biometrics market currently, owing to stringent regulations around data privacy, rising healthcare costs, and increasing awareness. Asia Pacific is anticipated to grow at the fastest pace during the forecast period due to large patient population, growing medical tourism, and rising healthcare expenditure in countries like China and India. Key players: Key players operating in the healthcare biometrics market are Audi, Autotalks Ltd, Cisco Systems Inc., Delphi Automotive PLC, Denso Corporation, Ford Motor Co., General Motors, Harman International Industries Inc., Infineon Technologies AG, Kapsch TrafficCom (Kapsch), Lear Corporation, Mercedes-Benz, Qualcomm Technologies Inc., Savari Inc., and Toyota Vacaville.

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marketsizereports · 1 year ago

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Key Players and Innovations in the Global Automotive Vehicle Access, Anti-Theft and Security Market

The global automotive vehicle access, anti-theft, and security market is a rapidly evolving sector that encompasses a wide range of technologies and solutions aimed at enhancing vehicle security, preventing unauthorized access, and protecting vehicles from theft. Key players in this market are continually innovating to address emerging threats and provide advanced security features.

Buy Full Report for More Insights into the Automotive Vehicle Access, Anti-Theft and Security Market Download A Free Report Sample

Here are some key players and notable innovations in this industry:

Key Players:

Bosch: Bosch is a major player in the automotive security market, offering a wide range of security solutions, including anti-theft systems, immobilizers, keyless entry systems, and vehicle access control technologies. They focus on integrating security with advanced driver assistance systems (ADAS) for enhanced safety.

Continental: Continental is a leading provider of automotive technologies, including vehicle access and security systems. They specialize in developing advanced smart access solutions, biometric authentication, and secure communication for connected vehicles.

Valeo: Valeo is known for its automotive security solutions, including immobilizers, keyless entry systems, and advanced vehicle access technologies. They are actively involved in the development of biometric authentication for vehicle access.

Denso: Denso offers a range of security-related products, including engine immobilizers and keyless entry systems. They are also exploring innovations in secure vehicle communication and cybersecurity solutions.

ZF Friedrichshafen: ZF Friedrichshafen provides various automotive security and access solutions, such as keyless entry systems and smart locking mechanisms. They are working on improving biometric authentication and secure vehicle communication.

Hella: Hella specializes in automotive lighting and electronics. They offer security products like anti-theft alarms and lighting-based security systems designed to deter theft and unauthorized access.

Viper (Directed Electronics): Viper is a well-known brand for aftermarket vehicle security systems. They offer a wide range of security solutions, including alarms, remote start systems, and tracking solutions for enhanced vehicle protection.

Guardian Automotive: Guardian Automotive focuses on security solutions that include window tinting with safety and security features, helping to protect vehicle occupants and contents.

Notable Innovations:

Biometric Authentication: Innovations in biometric authentication, such as fingerprint recognition, facial recognition, and voice authentication, are being explored for vehicle access. These technologies provide a high level of security and user convenience.

Digital Keys: Digital keys, stored on smartphones or wearable devices, are gaining popularity for vehicle access. They offer added security and flexibility, allowing users to share access remotely.

Advanced Immobilization Technologies: Immobilizers are evolving with improved encryption and communication protocols to thwart hacking attempts. Secure communication between keys and immobilizer control units is a key focus.

Connected Vehicle Security: With the rise of connected and autonomous vehicles, there is a growing emphasis on securing communications between vehicles and surrounding infrastructure. This includes V2X communication security and protecting vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) data exchanges.

IoT-Based Security: Internet of Things (IoT) technologies are used to monitor and secure vehicles in real time. IoT sensors can detect unauthorized access or unusual activity and send alerts to vehicle owners or authorities.

Cybersecurity Solutions: As vehicles become more software-intensive, cybersecurity solutions are crucial. Companies are developing intrusion detection systems and over-the-air (OTA) security updates to protect vehicles from cyberattacks.

Blockchain for Vehicle Security: Some companies are exploring blockchain technology to enhance security in connected vehicles by ensuring data integrity and secure communication.

AI-Powered Security: Artificial intelligence is employed to analyze data from sensors and cameras, detecting suspicious behavior around vehicles, such as break-in attempts or thefts.

In conclusion, the global automotive vehicle access, anti-theft, and security market is characterized by continuous innovation as it adapts to emerging technologies and security challenges. Key players are investing in a wide array of solutions to protect vehicles and enhance user convenience, making this industry dynamic and ever-evolving.

#Automotive Vehicle Access #Anti-Theft and Security Market

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inkwoodchirag · 1 year ago

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Growing Digital Literacy Favorable to Global Identity Verification Market Growth

As per Inkwood Research, the Global Identity Verification Market is estimated to progress with a CAGR of 15.57% in terms of revenue during the forecasting years 2023-2032.

"Browse 63 Market Data Tables and 56 Figures spread over 230 Pages, along with an in-depth TOC on the Global Identity Verification Market Forecast 2023-2032."

VIEW TABLE OF CONTENT LINK - https://inkwoodresearch.com/reports/identity-verification-market/#table-of-contents

Digital technology literacy is on the rise, and individuals worldwide are becoming more adept at using a wide range of internet services. This growing trend, particularly in developing nations, is a key driver behind the flourishing market for identity verification.

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Expanding Internet Penetration and Digital Literacy Boost Growth Prospects

The surge in smart services offered by businesses has sparked a demand for new trends in virtual identity verification. As financial transactions and online onboarding activities become increasingly prevalent, the need for business identity verification has grown globally. Consequently, third-party identity verification companies have emerged and expanded their operations across the globe. These companies leverage various internet platforms to verify consumers' identities securely.

In 2022, a staggering 4.9 billion people, equivalent to 69% of the world's population, actively used the internet. This number is projected to continue growing at an annual rate of 4%, adding over 196 million new users to the online community each year. The increasing internet penetration and digital literacy across the globe indicate a rising demand for online services. As a result, the market for online identity verification is expected to experience substantial growth in the foreseeable future.

Biometrics: The Fastest-Growing Type

Biometric authentication is at the forefront of security processes, utilizing unique biological traits like retinas, irises, facial characteristics, voice, and fingerprints to verify a customer's identity. Biometric systems securely store this information, enabling swift verification when customers access their accounts.

Market players have made significant advancements in biometric identity verification technology in recent years. Notably, in 2023, Norway-based IDEX Biometrics joined forces with cyber tech firm PONE Biometrics to provide biometric sensor modules for digital authentication. These innovations are expected to fuel the rapid expansion of biometric identity verification.

Asia-Pacific: The Fastest-Growing Region

Asia-Pacific is witnessing a booming identity verification market due to an increase in identity-related cybercrimes and the surging demand for cloud-based identity verification. Businesses and individuals in the region seek reliable identity verification solutions to combat data breaches and facilitate secure, paperless digital transactions.

Furthermore, the adoption of cutting-edge technologies such as artificial intelligence, machine learning, and automation in identity verification systems is on the rise. Additionally, corporate and government initiatives focused on digitalization present lucrative opportunities for identity verification vendors in the Asia-Pacific region.

Strategic initiatives undertaken by well-established market players add to the competitive rivalry in the market. Some of the key players in the market are Intellicheck Inc, TransUnion LLC, Nuance Communications Inc, Trulioo Information Services Inc, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.

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delvenservices · 1 year ago

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Edge AI Software Market Size to Reach at a Highest CAGR of 27.4% by 2028

Edge AI Software Market, by Material Type (Copper, Low Carbon), End-Use (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global edge AI software market size is projected to reach a CAGR of 27.4% from 2021-2028.

Edge Artificial Intelligence (AI) software is a combination of edge computing technology and machine learning. This AI software automatically transforms raw data into movements or events, predictions, insights without costly analysis of data and big data. The software tools that are offered are in the form of frameworks and software development kit which offers benefit of merging AI abilities with software applications.

Increasing enterprise workloads on cloud, rapid developments of IoT, and growth in number of intelligent applications are some of the factors that have supported long-term expansion for Edge AI Software Market.

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Regional Analysis

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific.

Key Players

WS Corporation

Anagog Inc.

Bragi Inc.

Foghorn Systems Pvt Ltd

Google LLC

IBM Corporation

Microsoft Corporation

Nutanix Inc.

TIBCO Software Inc.

Veea Systems Inc.

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Recent Developments

28 September, 2021-TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world's most complex data-driven challenges. TIBCO announced an evolution of its data quality capabilities into the new TIBCO DQ product family, along with key enhancements to TIBCO® Data Virtualization and TIBCO EBX® within the Unify portfolio.

September 29,2021-TIBCO has launched Cloud Discover and Cloud Composer, along with TIBCO LABS Gallery, a new way for customers to interact with its innovation centre.

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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Scope of the Research:

Edge AI Software Market is segmented into component, data source, application, industry vertical and region:

On the basis of Component

Solutions

Services

On the basis of Data Source

Speech Recognition

Biometric Data

Sensor Data

Mobile Data

On the basis of Application

Autonomous Vehicles

Access Management

Video Surveillance

Remote Monitoring & Predictive Maintenance

Telemetry

Energy Management

On the basis of Industry Vertical

Government & Public

Manufacturing

Automotive

Energy & Utilities

Telecom

Healthcare

Others

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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businessindustry · 8 months ago

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Intelligent Electronic Lock Market Future Trends by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Intelligent Electronic Lock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Intelligent Electronic Lock Market Size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Intelligent Electronic Lock Market?

the intelligent electronic lock market is expected to register a CAGR of 7.8% during the forecast period of 2024 to 2032.

What are Intelligent Electronic Lock?

An Intelligent Electronic Lock is a sophisticated locking mechanism that employs electronic and digital technologies to deliver advanced security features and remote access control. These locks often feature keyless entry, biometric authentication, and the ability to be monitored and controlled remotely. They are widely used in residential, commercial, and industrial settings to bolster security and convenience. Intelligent electronic locks can be operated using various methods, such as smartphones, keypads, and RFID cards, offering users flexibility and ease of use. Designed to offer a higher level of security than traditional mechanical locks, they come equipped with features like audit trails and real-time notifications to alert users of any unauthorized access attempts.

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What are the growth prospects and trends in the Intelligent Electronic Lock industry?

The intelligent electronic lock market growth is driven by various factors and trends. The market for intelligent electronic locks is growing rapidly, fueled by the increasing demand for advanced security solutions and the rise of smart home automation. These locks offer enhanced security features such as keyless entry, remote monitoring, and compatibility with smart home systems. They are widely used in residential, commercial, and industrial settings due to their convenience and advanced security capabilities. The market offers a variety of products, including biometric locks, keypad locks, and RFID locks, to meet the diverse needs of consumers. Key market trends include the integration of artificial intelligence and machine learning for enhanced security, as well as the development of energy-efficient and environmentally friendly lock systems. Hence, all these factors contribute to intelligent electronic lock market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Biometric Locks

Keypad Locks

Bluetooth/Wi-Fi-enabled Locks

RFID/NFC-enabled Locks

Magnetic Strip Locks

By End Use:

Residential

Commercial

Industrial

By Application:

Home Security

Office/Commercial Security

Hospitality

Government and Defense

Automotive

Healthcare

Others

Market Segmentation By Region:

North America

United States

Canada

Europe

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Assa Abloy AB

Allegion plc

dormakaba Holding AG

Salto Systems S.L.

Samsung Electronics Co., Ltd.

Honeywell International Inc.

Siemens AG

Schneider Electric SE

Panasonic Corporation

Bosch Security Systems Inc.

Kwikset Corporation

August Home Inc.

LockState

ADEL Locks

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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#Intelligent Electronic Lock Market share #Intelligent Electronic Lock Market size #Intelligent Electronic Lock Market trends

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marketreserachtreands · 1 year ago

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Exploring the Evolving Landscape of the Fingerprint Sensor Market

In recent years, the global market for fingerprint sensors has witnessed remarkable growth, driven by the increasing demand for secure and convenient biometric authentication solutions. Fingerprint sensors have become a ubiquitous feature in our daily lives, found in smartphones, tablets, laptops, access control systems, and even in automobiles. This blog post delves into the evolving landscape of The Fingerprint Sensor Market, examining its growth drivers, key players, emerging trends, and future prospects.

Growth Drivers: The adoption of fingerprint sensors can be attributed to several key factors: a) Biometric Security: Fingerprint sensors provide a highly secure and convenient method of user authentication. With the increasing emphasis on data privacy and security, fingerprint recognition has gained prominence as a reliable means to protect sensitive information. b) Smartphone Penetration: The widespread integration of fingerprint sensors into smartphones has been a major catalyst for market growth. As consumers increasingly rely on mobile devices for various activities, including financial transactions, fingerprint sensors have become an integral part of ensuring secure access. c) Government Initiatives: Governments across the globe are implementing biometric authentication systems to enhance national security, border control, and e-governance services. Fingerprint sensors play a vital role in these initiatives, driving market expansion.

Key Players: The fingerprint sensor market is highly competitive, with several prominent players leading the way. Companies such as Apple, Samsung, Synaptics, Goodix, Egis Technology, and Fingerprint Cards AB are at the forefront of innovation and market share. These companies invest heavily in research and development to improve sensor accuracy, speed, and reliability.

Emerging Trends: a) In-Display Fingerprint Sensors: With the advancement of smartphone technology, fingerprint sensors are increasingly integrated beneath the display glass. This technology eliminates the need for a physical button, providing a seamless user experience. b) Ultrasonic Fingerprint Sensors: Ultrasonic fingerprint sensors use sound waves to map the unique patterns of a fingerprint, offering improved accuracy and reliability, even in challenging conditions. This technology is gaining traction in high-end smartphones. c) Expansion to New Applications: Fingerprint sensors are extending beyond smartphones and finding applications in laptops, tablets, wearable devices, access control systems, and automotive sectors. The integration of sensors into various devices and industries broadens the market's potential.

Future Prospects: The future of the fingerprint sensor market appears promising. As technology continues to advance, fingerprint sensors will likely become more sophisticated, accurate, and affordable. Additionally, the increasing adoption of fingerprint sensors in emerging economies presents significant growth opportunities. Furthermore, the integration of fingerprint sensors with other biometric modalities, such as facial recognition or iris scanning, may further enhance security and user experience. Conclusion: The fingerprint sensor market has experienced remarkable growth due to its ability to provide secure and convenient biometric authentication solutions. With advancements in technology and expanding applications, fingerprint sensors are set to play a vital role in various industries and everyday life. As we move towards a more secure and connected world, fingerprint sensors are poised to remain at the forefront of biometric authentication technology, ensuring our data and identities are protected. Order a free sample PDF Fingerprint Sensor Market Research Intelligence Study, published by Market Research Future.

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shital1998 · 2 years ago

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Artificial Intelligence in Security Market- Global Opportunity Analysis and Industry Forecast (2020-2027)

Meticulous Research® – leading global market research company studying report titled “Artificial Intelligence in Security Market by Offering (Hardware, Software, Service), Security Type (Network Security, Application Security), Technology (Machine Learning, NLP, Context Awareness), Solution, End-User, and Region - Global Forecast to 2027’’.

According to this latest publication from Meticulous Research®, Artificial Intelligence in Security Market will increase at a CAGR of 22.9% from 2019 to 2027 to exceed market revenue beyond $50 billion by 2027. IoT combines connectivity with sensors, devices, and people, enabling a form of free-flowing conversation between man & machine and software & hardware. Whereas, AI is expected to make a huge impact on the economy by transforming enterprises into digital businesses and facilitating new business models, improving efficiency, and increasing employee-customer engagement and cybersecurity. Artificial intelligence power with IOT connectivity is used to protect and secure the network connecting IoT devices to back-end systems on the Internet. AI in security authenticates an IoT device by managing multiple users of a single device platform. Moreover, it ranges from simple pins or static password to more robust authentication mechanisms such as digital certificates, biometrics, and two-factor authentication. AI also aids in connecting the physical and digital world by tracking objects, collect data, analyze it, and take required action. Modern security AI can monitor activities of an object along with its progress in a specific time period. According to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes resulted in losses of over $1.33 billion, globally. Such exponential loss is expected to propel the demand for security solutions, thus propelling the growth of the artificial intelligence in security market significantly.

The artificial intelligence in security market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2027 - by offering, security type, technology, solution, and end-user. The study also evaluates industry competitors and analyzes the market at regional and country level.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=4991 Artificial Intelligence in Security Market Segmentation:

AI in Security Products

· Hardware

· Software

· Services

AI in Security Types

· Endpoint Security

· Network Security

· Application Security

· Cloud Security

AI in Security Technologies

· Machine Learning

· Natural Language Processing (NLP)

· Context Awareness Computing

AI in Security Solutions

· Identity and Access Management (IAM)

· Risk and Compliance Management

· Encryption

· Data Loss Prevention (DLP)

· Unified Threat Management (UTM)

· Antivirus/Antimalware

· Intrusion Detection/Prevention System (IDS/IPS)

· Others

AI in Security End-Users

· Enterprise

· BFSI

· Government & Defense

· Retail

· Healthcare

· Manufacturing

· Automotive & Transportation

· Infrastructure

· Others

AI in Security Segmentation by Geography

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o U.K.

o France

o Italy

o Spain

o Rest of Europe

· Asia-Pacific

o China

o Japan

o South Korea

o India

o Australia

o Rest of APAC

· Rest of the World

o Latin America

o Middle East & Africa

Key Players of AI in Security Market

· Acalvio Technologies, Inc.

· Com, Inc.

· Cylance Inc.

· Darktrace Limited

· IBM Corporation

· Intel Corporation

· Micron Technology

· Nvidia Corporation

· Samsung Electronics Co., Ltd.

· Securonix, Inc.

· Sift Science

· Skycure Inc.

· Sparkcognition

· Threatmetrix

· Xilinx Inc.

Speak with Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4991 Application Security Segment to Witness Fastest Growth through 2027

Based on security type, the market is segmented into endpoint security, network security, application security, and cloud security. In 2018, endpoint security accounted for the largest share of the global artificial intelligence in security market. The large share of this segment is attributed to the rapidly increasing number of connected devices worldwide. However, application security segment is expected to register the highest growth rate since many organizations have started using large number of applications for their business operations that are needed to be secured from threats.

Machine Learning to Provide Significant Growth Opportunities

Based on technology, the artificial intelligence in security market is segmented into machine learning, Natural Language Processing (NLP), and context awareness computing. Machine learning segment is expected to witness rapid growth during the forecast period, owing to its ability to collect and handle big data and quickly scan, parse, and react to anomalies. Machine learning can also help operators reverse engineer attacks to make improvements to their systems, by addressing and preventing attacks before they happen.

Asia-Pacific: The Fastest Growing Regional Market

North America commanded the largest share of the global artificial intelligence in the security market in 2018, followed by Asia-Pacific, Europe, Latin America, and Middle East & Africa. However, Asia-Pacific is the fastest growing regional market due to the increasing incidents of cyberattacks and growing cyber-war; rising concerns about data security; rapid adoption of cybersecurity solutions and machine learning; high adoption of advanced technologies, such as IoT, big data analytics, and cloud computing; and increasing number of 5G pilot projects in the region.

You Can Buy Report Here: https://www.meticulousresearch.com/Checkout/44066182 sKey Players in the Artificial Intelligence in Security Market

The report includes an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2019). For instance, in June 2018, ThreatMetrix has launched a new risk engine API specifically to support 3DS 2.0 environments, enhancing risk-based decisions for card-not-present transactions.

The major players operating in the global artificial intelligence in security market are Acalvio Technologies, Inc. (U.S.), Amazon.Com, Inc. (U.S.), Cylance Inc. (U.S.), Darktrace Limited (U.K), IBM Corporation (U.S.), Intel Corporation (U.S.), Micron Technology (U.S.), Nvidia Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Securonix, Inc. (U.S.), Sift Science (U.S.), Skycure Inc. (U.S.), Sparkcognition Inc. (U.S.), Threatmetrix Inc. (U.S.), and Xilinx Inc. (U.S.).

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#Artificial Intelligence in Security Market #Artificial Intelligence in Security #Artificial Intelligence #business #security #industry #ai in security #ai #endpoint security #cloud security #cybersecurity

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rohitpalan · 8 months ago

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Global Facial Recognition Market Set to Soar, Expected to Reach US$ 25.4 Billion by 2033

A recent FMI analysis projects that the facial recognition market would develop at a compound annual growth rate (CAGR) of 16.1%, from US$ 5.7 billion in 2023 to US$ 25.4 billion by 2033. According to this survey, increased government spending on the contemporary CCTV cameras that are deployed in most public spaces to prevent crime and terrorist attacks and to enhance public safety is what is propelling the growth of the facial recognition sector.

The need for face detection systems to increase safety and security, along with the rise of applications in physical security and intelligent signs, are expected to fuel the growth of the worldwide facial recognition market during the course of the forecast period. Predictions from the poll indicate that technology advancements such as cloud-based

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The gradual rise in use cases following the COVID-19 pandemic is another factor that has benefited the market’s requirement for facial recognition. Additionally, these devices are being used by healthcare institutions all around the world to do thermal camera inspections.

Key Takeaways from the Market Study

Global Facial Recognition market to be valued at US$ 5.2 Bn by 2022-end

By Component, Software Tools Segment expanded at a CAGR of 16.8% until 2021

Law Enforcement applications ruled the Facial Recognition market with a CAGR of 16.7% until 2021.

China to account for the highest value share of US$ 1.6 Bn of global market demand for the Facial Recognition market in 2032.

Competitive Landscape

Players in the global Facial Recognition market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In March 2022, Aware, a biometrics software and services company, partnered with MIRACL to expand its cloud-based biometric authentication technology. The partnership is a mutual reseller arrangement whereby each company can both sell each other’s products and integrate them within their own product lines, quickly bringing to market password-free login paradigms delivering superior security and simplicity for users.

In March 2022, SALTO’s acquisition of Cognitec Systems initiates a strong partnership of business synergy and innovation. This acquisition is expected to meet market requests for adding face recognition and artificial intelligence technologies to the company’s renowned electronic access control and ticketing solutions. In addition, both companies appreciate a similar innovative work environment and corporate culture.

More Insights on the Facial Recognition Market

Future Market Insights offers an unbiased analysis of the global facial recognition market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the facial recognition market, the market is segmented on the basis of component type, application, and vertical across five major regions.

Ask an Analyst : https://www.futuremarketinsights.com/ask-question/rep-gb-14438

Key Segments Covered in the Facial Recognition Industry Report

Facial Recognition by Component

Facial Recognition Software Tools

2D Facial Recognition

3D Facial Recognition

Facial Analytics

Facial Recognition Services

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Cloud Based Facial Recognition

Facial Recognition by Vertical

Facial Recognition in Banking

Facial Recognition in Retail & E-Commerce

Facial Recognition in Automotive

Facial Recognition in Healthcare

Facial Recognition in Government & Defence

Facial Recognition for Other Verticals

Facial Recognition by Application

Facial Recognition for Law Enforcement

Facial Recognition for Access Control

Facial Recognition for Emotion Recognition

Facial Recognition for Attendance Tracking and Monitoring

Facial Recognition for Other Applications

#Facial Recognition Market

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imr-riya · 2 years ago

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Fingerprint Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

The Fingerprint Sensor Market is projected to grow USD 3.48 billion in 2021, it is expected to reach USD 6.19 Billion by 2028, growing at a CAGR of 8.60% during forecast period 2022 - 2028.

A fingerprint sensor is a type of technology that recognizes and authenticates the fingerprints of an individual to grant or deny access to a computer system or a physical facility. The fingerprint sensor is a type of biometric security technology that uses the combination of software and hardware scientific technology to identify the fingerprint scans of a particular person. A fingerprint is an impression left by the ridges of a human finger. Moreover, they are easily set down on surfaces such as metal, glass, or polished stone by the natural secretions of sweat glands located in human fingers. Furthermore, human fingerprints are precisely detailed, almost unique, difficult to change and remain the same over the lifespan of an individual, making them perfect long-term markers of human identity. This is the main reason for their incorporation in identification purposes. Fingerprint sensors are security systems of biometrics.