San Jose, California (PRWEB) July 23, 2012
Follow us on LinkedIn There has been a rapid proliferation of communication and portable computing devices such as wireless devices and laptop PCs due to substantial technological improvements in terms of communications infrastructure, performance, battery life, computing power, and significant decline in size & cost. Concurrently, there has been tremendous growth in the amount of electronic information that is being accessed and shared due to the continuous development of various applications for managing, manipulating, storing, transmitting, and securing such information. Currently, most of the electronic information is safeguarded by using the password method. These passwords are a major security concern considering that they can be stolen, forgotten, lost, or copied. Efforts are being taken to use biometrics such as fingerprinting effectively in order to increase the accuracy of the identification method and prevent unlawful access to information.
Silicon-based fingerprint sensors are gradually becoming the foundation to the digital identity of individuals, with their significance gaining wider prominence in multiple applications. Moreover, fingerprint sensors are expected to hold significant potential in maintaining digital identities in cloud-based computing infrastructure. Cloud computing refers to delivery of services, software, and other computing activities over the Internet rather than utilizing on-premise resources. In the coming years, more services are expected to be accessed and aggregated via personalization and authentication events using sensors. Users are expected to increasingly use services such as Microsoft Live ID, Twitter API, OpenID, Facebook Connect, and Google ID for securely connecting the user to their personal accounts and other websites on the Internet.
Increasing spending on R&D activity by major players over the past several years has been largely contributing to the development of advanced finger-scan products. Also, the advancement in technology along with fall in prices is expected to position silicon-based fingerprint sensors firmly in the global fingerprint biometrics market and challenge the dominance of conventional optical sensors in the next few years. Automated Fingerprint Identification Systems (AFIS) is widely used in law enforcement agencies around the world, where the collected fingerprints are matched against local, state, regional and/or national fingerprint databases. Healthcare industry is also a major user of AFIS for the identification of patients. Technological developments such as better matching capabilities and enhanced computing power have resulted in the expansion of AFIS to private sector enterprises.
As stated by the new market research report on Silicon-Based Fingerprint Sensors, Asia-Pacific represents the largest regional market in terms of value sales. Japan is projected to be the fastest growing market with a CAGR of about 38% over the analysis period. Growth in the rapidly developing economies including Latin America and Asia-Pacific, particularly China, is expected to result from Government and customer focused corporate expenditures. Growth of biometrics is mostly contributed by the security compulsions of Government and law enforcement services.
Access control together with network security is expected to strengthen market, while convenience and high security will provide competitive edge to bolstering competition from alternative technologies. Fingerprint technology is expected to remain a market leader supported by pricing factors and convenience. Advanced swipe sensors, with considerably lower form factor, are expected to be used increasingly in smaller and more power-hungry devices such as mobile phones and notebooks. Integration of these sensors into wireless devices as well as physical access control applications is expected to provide further impetus to global sales.
Major players in the global marketplace include Atmel Corporation, AuthenTec Inc., Fingerprint Cards AB, Fujitsu Limited, Hangzhou Synochip Technologies Co., Ltd., IDEX ASA, Jiangsu Winch Corp. Ltd., Validity Sensors Inc., among others.
The research report titled Silicon-Based Fingerprint Sensors: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, company profiles, mergers, acquisitions and other strategic industry activities. The report provides annual sales estimates and projections in US$ Million for Silicon-Based Fingerprint Sensors (By Type and By End-Use) for the years 2009 through 2018 for the following geographic markets The US, Canada, Japan, Europe, (France, Germany, UK, and Rest of Europe), Asia-Pacific, Middle East, and Latin America.
For more details about this comprehensive market research report, please visit
http://www.strategyr.com/Silicon_Based_Fingerprint_Sensors_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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Technological Advancements and Growth in Internet Applications Drives Silicon-Based Fingerprint Sensors Market, According to New Report by Global Industry Analysts, Inc.
