Albany, NY -- (SBWIRE) -- 10/06/2016 -- Securing data and assets has become a key concern for banks, government organizations, telecommunications firms, and hospitals, as well as for individuals. Keys, identity badges, and numeric keypads were widely used to prevent unauthorized access to data and locations. With technological advances, two-factor authentication was introduced, where individuals could gain access into secure premises only after they were authenticated twice by employing hardware devices and numeric codes. However, two-factor authentication has also become insecure as hackers were able to gain access to hardware devices and obtain numeric codes.

The global fingerprint module market to grow at a CAGR of 18.45% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global fingerprint module market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of fingerprint modules that are integrated in fingerprint readers such as stand-alone fingerprint scanners; fingerprint scanners embedded in smartphones, laptops, and tablets; and fingerprint scanners in multimodal biometric readers.

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Technavio's report, Global Fingerprint Module Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BioEnable
- Crossmatch
- Fingrprint Cards
- Fulcrum Biometrics
- HID Global
- Suprema

Other prominent vendors
- 360 Biometrics
- Furtonic Technology
- Liteon
- Shenazhen CAMA Biometrics

Market driver
- Increased number of advanced and sophisticated threats
- For a full, detailed list, view our report

Market challenge
- Need for high capital investment
- For a full, detailed list, view our report

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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