(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the Fingerprint Access Control Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fingerprint Access Control Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
In this report, the Global Fingerprint Access Control Market is valued at USD 2.50 billion in 2014 and growing at a CAGR of over 7% between 2017 to 2024.
“Fingerprint Access Control Market “, published by Xpodence Research, provides extensive insight and analysis of the Fingerprint Access Control Market over the next eight years (2014-2024) and acts as a vital point of reference for operators or suppliers.
Growing demand for security solutions globally is expected to drive the market over the forecast period. Additionally, increasing adoption of IoT-based security systems and technological advancements and deployment of wireless technology in security systems is further projected to spur the market.
The developments in retail sector, banking & finance, and hospitality has led to the implementation of the technology. Rising demand for the biometric solutions owing to the escalating safety and security threats is further anticipated to benefit the market. The technology growth can be directly associated to the development of the commercial sector and increasing security concerns across the world.
Moreover, technological advancement and availability of progressive solutions for fulfilling the commercial and government sectors may also boost the industry over the forecast period. Increasing government initiatives and stringent norms for deploying biometric system will further supplement the market share over the forecast period. Furthermore, the government projects such as national identification program and e-passports will also spur the market.
The report includes –
Segmentation: On the basis of product, this report displays the revenue, market share and growth rate of each type, primarily split into
On the basis on the applications, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
• Consumer Electronics
• Military & Defense
• Banking & Finance
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Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Million USD), market share and growth rate of fingerprint access control market for these regions, from 2014 to 2024 (forecast)
North America: U.S., Rest of North America
Europe: Germany, France, UK, rest of Europe
Asia Pacific: China, Japan, India and Rest of Asia Pacific
Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
Latin America: Brazil and Rest of Latin America
Key players: Overview of market leaders in AI in Agriculture market by top manufacturers/players, with AI in Agriculture revenue (Million USD) and market share for each manufacturer/player; the top players including 3M Cogent Inc., Anviz Global, Aware, Inc., Cross Match Technology, Fingerprint Cards AB, IDtech 360, Lockheed Martin Corporation, Manage ID, NEC Corporation, Synaptics Inc., Suprema Inc., and Safran Identity & Security.• Hot Melt-Based
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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About Kenneth Research:
Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.
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