Market Research Report
Latin America Fingerprint Sensors Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||816253|
|Published||Content info||66 Pages
Delivery time: 2-3 business days
|Latin America Fingerprint Sensors Market Forecast 2019-2027|
|Published: April 1, 2019||Content info: 66 Pages||
Fingerprint biometrics is more user-friendly than other biometrics technologies as it eliminates the need for a multitude of complicated passwords to gain access to secure transactions systems. It refers to the automated method of verifying a match between two human fingerprints. Fingerprint recognition is one of the most popular biometrics technology mainly due to its simplicity.
The Latin America fingerprint sensors market generated a revenue of $XX million in 2018 and is projected to reach $XX million by 2027, at a CAGR of 13.06% during the forecasting years of 2019-2027. The region is experiencing significant growth in the implementation of fingerprint biometrics technology in ATMs and banks to ensure convenience and security to its customers for their transactions.
The major countries such as Brazil, Mexico, Argentina and the remaining countries collectively forming the Rest of Latin America are major contributors to the Latin America fingerprint sensors market. Currently, Brazil is dominating the market. However, it has been expected that Mexico will grow at a faster growth rate. With an increase in the number of government projects in the region, the usage of fingerprint biometric technologies is initiated to avoid data theft and reduce the crime rate.
The prominent market players operating in the region are Gemalto NV, Precise Biometrics, Aware Inc., HID Global, Innovatrics, Fingerprint Cards AB, Next Biometrics, Crossmatch Technologies, OT-Morpho (Safran Identity & Security), Synaptics, NEC Corporation, Anviz Global, Bio-Key International, Fulcrum Biometrics, and M2SYS Technology.