As the fingerprint biometrics market continues its ascent, its subset in the value-added reseller (VAR) market is also taking off, according to a new report from Technavio. Entitled “Global Fingerprint Biometrics in VAR Market 2016-2020”, the report forecasts a CAGR of over 11 percent during that period.
In a report synopsis, Technavio highlights several key factors driving the market. One is rising demand for single sign-on (SSO) solutions in the enterprise, especially in the APAC region, where Technavio says there are fewer biometric vendors. Another market driver is the integration of fingerprint biometrics into smart cards—an area in which leading fingerprint sensor companies like Fingerprint Cards are starting to explore intensively—with the emergence of ePassports being a key component of this, in Technavio’s estimation.
Finally, Technavio highlights the emergence of touchless fingerprint scanning technology, which the firm says can produce more clear and reliable images than contact-based scanning. While the NIST is only just starting to explore standards for such technology, Technavio clearly sees a bright future for it over the next few years—and for the fingerprint biometrics VAR market more broadly.
June 23, 2016 – by Alex Perala