Market Research Report
Middle East & Africa Fingerprint Sensors Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||816254|
|Published||Content info||60 Pages
Delivery time: 2-3 business days
|Middle East & Africa Fingerprint Sensors Market Forecast 2019-2027|
|Published: April 1, 2019||Content info: 60 Pages||
A biometric form of authentication offers its users convenience and improvized security against traditional security methods. The fingerprint-based biometric system has helped deliver secure services in various other applications as well to ensure overall protection to the population from an impending global crisis. The government institutions (law enforcement, border security, ID issuance, and homeland security), healthcare, enterprises, banking, and financial institutions, commercial and other bodies are some of the major end-users of the fingerprint sensors market.
The Middle East & Africa fingerprint sensors market generated a revenue of $XX million in 2018 and is projected to reach $XX million by 2027, at a CAGR of 9.94% during the forecasting years of 2019-2027.
The increased adoption and unprecedented growth of mobile devices have brought a remarkable change in the payment and commerce industry in the Middle East. There has been a rapid increase in the usage of mobile devices for transactions in the region. Hence, the level of security breaches and transaction frauds have also increased in the recent years that resulted in the need for highly secure identification methods, which has positively impacted the expansion of fingerprint sensors market in the region.
The major economies that are significantly contributing to the revenue reaped I the regional market belong to Saudi Arabia, Turkey, United Arab Emirates, Egypt, Iraq, South Africa & the remaining countries collectively forming the Rest of Middle East & Africa regional segment.
The major companies operating in the region that are mentioned in the report are Fulcrum Biometrics, M2SYS Technology, Bio-Key International, NEC Corporation, Fingerprint Cards AB, Crossmatch Technologies, Precise Biometrics, OT-Morpho (Safran Identity & Security), Aware Inc., HID Global, Next Biometrics, Anviz Global, Innovatrics, Synaptics, and Gemalto NV.