Showing posts with the label global biometric sensor market share

Comprehensive Report on Global Biometric Sensor Market by Knowledge Sourcing Intelligence

Global biometric sensor market is projected to witness a CAGR of 11.49% during the forecast period to reach a market size of US$1,831.088 million by 2023, increasing  from US$953.627 million in 2017. A biometric sensor is a transducer which converts a trait of a person into an electrical signal. Applications of biometrics include the use of a high definition camera for facial recognition, use in a microphone for voice recognition, and some are designed for the scanning of patterns under the skin. Fingerprint technology is expected to show a major growth in the coming years due to its utilization in various applications across different end-user industries. Growing instances of frauds across industries such as BFSI and healthcare is driving the demand for biometric applications which, in turn, is fueling the growth of biometric sensor market.                       Higher security standards provided by biometric sensor systems over traditional security systems : The Concept  of