The Fingerprint Access Control Systems Market to reach $9.2 Billion by 2030; the need for security, growing threats, development of smart cities and government initiatives are driving the Fingerprint Access Control Systems Market growth.

The Fingerprint Access Control Systems Market size is estimated to reach $9.2 Billion by 2030, growing at a CAGR of 11.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Fingerprint Access Control Systems Market- By Technology (Optical, Capacitive, Pressure, Ultrasonic, Thermal and Others), By Offering (Hardware, Software and Services), By End User (Residential, Commercial, Military & Defense, Government, Education, Healthcare, Manufacturing & Industrial, Transportation, Others),and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

Increasing threats of unauthorized access, theft, and cybercrime are driving demand for robust biometric authentication systems like fingerprint access control, offering superior security over traditional methods. Additionally, innovations in fingerprint sensors have improved accuracy, reliability and performance, encouraging widespread adoption across industries.

In 2023, the North America region held the largest share of 34% in the Fingerprint Access Control Systems Market driven by the increasing adoption of smart devices, strong technological infrastructure and significant investments in access control. The region benefits from a well-established tech ecosystem that accelerating the development and deployment of connected devices across various sectors, including healthcare, smart homes, and commercial buildings. According to a November 2024 article by Electro IQ, the total number of smart home device consumers estimated to reach 425.5 million by 2028, marking an increase of +117.69%. This surge in consumer adoption of smart devices presents a significant opportunity for fingerprint access control systems as many modern buildings require authentication before entry. 

The increasing demand for enhanced security is driving significant growth. As security concerns continue to rise globally, the residential sector is keen on amping up security. The rise in thefts, scams and unauthorized access incidents heightened the demand for robust home security solutions. Fingerprint access control systems are gaining popularity in residential applications for their superior security and convenience compared to traditional keys or passcodes. These systems eliminate risks associated with lost or stolen keys and unauthorized code sharing, providing homeowners with peace of mind. With the advent of smart home technologies, fingerprint systems are now seamlessly integrated into home automation platforms enabling centralized control and monitoring. 

The global push towards smart city development has significantly boosted the demand for fingerprint access control systems. Smart cities emphasize the integration of advanced technologies for enhanced urban living including secure and efficient access management systems. Fingerprint access control solutions are being implemented in smart buildings, public transportation and urban infrastructure to improve security and operational efficiency. These systems ensure controlled access to critical facilities and enable seamless integration with IoT devices for real-time monitoring and analytics. As urbanization accelerates, the adoption of fingerprint technologies in smart cities is becoming a key component of modern urban planning.

• In October 2024, biometric identity verification company, REACT-OnID announced that it will provide Brazilian institutions with the ability to verify identities and documents more securely by integrating biometric verification against Serpro’s government databases.

• In May 2024, Idemia Public Security North America announced the implementation of its automated biometric identification system, Storm ABIS, by forensics examiners in Florida for latent fingerprint biometric analysis. 

• In March 2024, Fingerprint Cards announced a distribution agreement with Turkey based component supply services provider, Ansal Component, to integrate Fingerprint Cards’ sensor into access control devices for the Turkish market.

Key companies profiled are HID Global Corporation, NEC Corporation, BOSCH Security, Salto Systems, S.L., Johnson Controls Inc., Honeywell International, ADT Inc., ButterflyMX , Allegion plc, Kisi and others.

Fingerprint sensor Market- The Fingerprint Sensor Market Size is forecast to reach $ 21734.6 Million by 2030, at a CAGR of 14.40% during forecast period 2024-2030. Factors such as the proliferation of fingerprint sensors in smartphones and other consumer electronics, government support for the adoption of fingerprint sensors in BFSI industry, and the use of biometrics in mobile commerce are driving the growth of the market.

Cloud Identity Access Management Market – Cloud Identity Access Management Market Size is forecast to reach $36,430.39 Million by 2030, at a CAGR of 19.53% during forecast period 2024-2030 driven by BYOD (Bring Your Own Device)

Biometrics Banking Market- Biometrics Banking Market Size is forecast to reach $17,404.19 Million by 2030, at a CAGR of 16.57% during forecast period 2024-2030 owing to the growing usage of biometric technology in e-commerce and the cloud computing

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Mr. Venkat Reddy

IndustryARC

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