Connect with us
European Gaming Congress 2024

Blockchain Press Releases

Fingerprint Sensor Market Surge: A $9 Billion Opportunity for Unprecedented Biometric Security: Ken Research

Published

on

fingerprint-sensor-market-surge:-a-$9-billion-opportunity-for-unprecedented-biometric-security:-ken-research

Driven by the rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security, the Global Fingerprint Sensor Market is forecasted to cross ~US$ 9 Bn by 2028 says Ken Research Study.

GURUGRAM, India, June 28, 2023 /PRNewswire/ — Fingerprint sensing is one of the prominent access control methods which has gained immense popularity in recent times. The fingerprint sensor belongs to the family of sensors that are used in a fingerprint detection device for authentication and recognition.

These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

According to Ken Research estimates, the Global Fingerprint Sensor Market – which was valued at US$ ~3 Bn in 2017, is estimated to reach the US $5 Bn in 2022 – and is expected to grow further into a more than US$ 9 Bn opportunity by 2028.

Ken Research shares 3 key insights on this high opportunity market from its latest research study.

Advertisement
Stake.com

1. Increase in the Adoption of Biometric Fingerprint Sensors has boosted the market.

The Global Fingerprint Sensor Market is expected to witness stable growth during the forecast period 2022-2028 primarily due rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security.

 Furthermore, post the COVID-19 pandemic, the Fingerprint Sensor Market gained pace due to increased penetration of smartphones which created better opportunities for new entrants as well as established players in the studied market.

Fingerprint sensors have been serving as a primary security phase in smartphones. Even though iris scanners and facial recognition sensors are taking up the pace, their higher cost encourages various enterprises to stick to fingerprint sensing only. Moreover, in certain cases, facial recognition has proven more vulnerable than fingerprint sensing.

Interested to Know More about this Report, Request a Free Sample Report

Advertisement
Stake.com

2. The Rising Adoption of Smartphones is Driving the Fingerprint Sensor Market

The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011. The adoption of Smartphones is expected to increase to 85% by 2025 from 81% in 202.  According to Global System for Mobile Communications Association (GSMA) which is expected to create more opportunities in the studied market. In 2021, Fingerprint Cards AB launchedFPC1553, which is the company’s third-generation slim, side-mounted capacitive touch sensor.  This is fused in the Honor X40i, Moto g32, and Vivo Y77 smartphones. The FPC1553 is the latest output of their continuous development in the capacitive segment of fingerprint sensors for smartphones.

With fingerprint scanners, various banking and government-based mobile applications allow transactions via mobile phone only by authenticating fingerprints. For instance, the Federal Bureau of Investigation (FBI) depends on its partnerships with tribal, state, local, and federal agencies t o collaborate on the development of important programs such as the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC).

3. High Cost Involved in the Development of Biometric Sensors is Affecting the Fingerprint Sensor Market’s growth

The growth of the fingerprint sensor market is hampered by several factors that include cost and substitute products. Although fingerprint sensors are used as a primary authentication device in various banking and government facilities, the high cost that is involved in the development of various biometric sensors is challenging to afford for everyone. Hence it affects the market demand globally. The high production cost of raw materials is another important factor that prevents the market growth of the fingerprint Sensors Market Globally.

Advertisement
Stake.com

 According to Bayometric, a global supplier of fingerprint scanners, single sign-on solutions, and access control systems, on average, fingerprint readers/sensors are priced anywhere from $50$2,500 each depending on the certifications, brand, type of sensor, etc

Visit this Link:- Request for custom report

Market Taxonomy

By Type

  • Optical
  • Capacitive
  • Thermal
  • Ultrasonic

By Application

  • Smartphones/Tablets
  • Laptops
  • Smartcards
  • IoTs
  • Others

By End-User Industries

  • Consumer Electronics
  • Travel and Immigration
  • Government and Law Enforcement
  • Military
  • Others

Request free 30 minutes analyst call

By Region

Advertisement
Stake.com

North America

  • USA
  • Canada
  • Mexico

Europe

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

LAMEA

  • Latin America
  • Middle East
  • Africa

Key Players

  • Fingerprint Cards AB
  • Egis Technology.
  • Vkansee Technology Inc.
  • Synaptics
  • Apple Inc.
  • CMOS Sensor Inc
  • Goodix
  • Touch Biometrix
  • Q Technology
  • Thales
  • Idemia
  • Qualcomm Technologies, Inc

For more insights on market intelligence, refer to the link below: –

Global Fingerprint Sensor Market

Related Reports by Ken Research

Mexico E-commerce Market Outlook to 2027F By Type of Product (Electronics, Fashion, Furniture, Food, Health and personal care, Toys and Others), By Geography (Domestic, Cross-border), By Payment Method (Card, Cash, Bank Transfer, Digital wallet and Others), By Sales Channel (Online, Offline)

According to Ken Research estimates, the Mexican e-commerce market – which grew from approximately ~% in 2017 to approximately ~% in 2022P – is forecasted to grow further into ~% opportunity by 2027F. The Mexican E-commerce market contributed to a global growth rate of ~%. The Latin American e-commerce market has recorded robust growth over the last few years, offering exciting opportunities for online retailers across various sectors. International companies seek to increase their global footprint and stake a claim in the expanding Mexican e-commerce industry, increasingly targeting Mexico.

Advertisement
Stake.com

Kenya Data Center Market Outlook to 2027F Growing Demand from SMEs, Rising Internet Penetration Rate and Rising Number of Facilities to Drive the Kenyan Data Center market in the near future

According to Ken Research estimates, the Kenya Data Center Market – which grew from approximately USD ~30.0 Mn in 2017 to approximately USD ~50.0 Mn in 2022 – is forecasted to grow further into USD ~130.0 Mn opportunity by 2027F, owing to the improvement in network connectivity, government support, and rapid growth in the adoption of big data, and IoT services. Africa Data Centers, is strongly expanding in Nairobi, Kenya by launching new data centers. Kenya has 46 internet users per 100 and the connectivity ecosystem is made up of 10 colocation data centers, and 19 cloud service providers. 

North America Healthcare Blockchain Market Size, Segments, Outlook, and Revenue Forecast 2022-2027 by Application (Supply Chain Management, Claims and Billing Management, Patient-Centric Health Data, and Others), Deployment (Public, Private, Hybrid, and Consortium), Provider (Infrastructure & Protocol Provider, Middleware Provider, and Application & Solution Provider), End User (Hospitals, Clinics, Diagnostic Laboratories, Pharmaceutical Companies, Medical Device Companies) and Major Countries (USA, Canada, and Mexico)

According to Ken Research Analysis, the North America Healthcare Blockchain Market is expected to witness strong growth of around 70% CAGR over the next five years (2022-2027). Security and privacy breaches in the medical industry in 2017 accelerated the demand for the adoption of blockchain in the healthcare sector to reduce risks against cyberattacks and fraud. The ongoing Covid-19 pandemic has benefited the Healthcare Blockchain market resulting in the growth of the overall market by exacerbating the trend toward the adoption of blockchain technology in the healthcare sector. Blockchain in the healthcare sector is not only used for the exchange of the data of patients with hospitals, pharmacy firms, laboratories, and physicians but also helps in improving data security & accuracy, cost reduction, increasing transparency, and tracing of products.

India Semiconductor Market Outlook to 2027: Driven by increasing demand by end user industries and increasing adoption for smart devices

Advertisement
Stake.com

The market size is expected to grow at a five-year CAGR of ~20% by 2027. With the growing demand by end user industries such as industrial machinery, automobiles, telecommunication equipment, office automation, among others for computing purposes is expected to accelerate the growth of the semiconductor market in the coming years. With internet penetration expected to reach 900 million users in the next few years from 622 million users in 2020, there will be an increasing adoption of smart devices, hence, contributing to the semiconductor market growth.

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
[email protected]
+91-9015378249

Logo: https://mma.prnewswire.com/media/1954972/Ken_Research_Logo.jpg

Advertisement
Stake.com

 

View original content:https://www.prnewswire.co.uk/news-releases/fingerprint-sensor-market-surge-a-9-billion-opportunity-for-unprecedented-biometric-security-ken-research-301865451.html

Continue Reading

Blockchain Press Releases

MALAYSIAN FOUNDERS BRING WEB3 TO MALAYSIAN SHORES WITH MALAYSIAN BLOCKCHAIN WEEK (MYBW) 2024

Published

on

malaysian-founders-bring-web3-to-malaysian-shores-with-malaysian-blockchain-week-(mybw)-2024

KUALA LUMPUR, Malaysia, July 15, 2024 /PRNewswire/ — The country’s inaugural Malaysia Blockchain Week (MYBW) is poised to bring mainstream Malaysia into the world of Web 3. MYBW boasts strong Malaysian roots in an international digital space, featuring Malaysian founders and bringing together key Malaysian industry players well-known in the digital space.

The week-long event hosted by Malaysian Web3 powerhouse Lydian Labs will be held in partnership with the Malaysia Digital Economy Corporation (MDEC) and kicked off by Minister of Digital, YB Tuan Gobind Singh Deo.

MEET THE MALAYSIAN FACES OF THE BLOCKCHAIN SPACE

The Web3 space transcends international borders, attracting dedicated Malaysians to push the unexplored frontier of the industry.

As such, many Malaysians have become industry giants in the blockchain space, commanding significant influence and expertise in the industry. Despite their elusive real-life presence, lucky participants at MYBW will be able to rub shoulders with these Malaysian founders of key Web3 companies.

Youths and young-at-heart builders keen on exploring Web3 ventures as well as seasoned international investors will benefit from the congregation of blockchain experts and Web3 veterans.

Advertisement
Stake.com

Expect to see local industry giants at MYBW, who will be present in support of the Malaysian-led initiative as well to provide unique industry insights at the event’s keynote presentations and panel discussions.

Present at the event will include Matthew Tan, the founder and CEO of the leading Ethereum block explorer, API and Analytics Platform, Etherscan.io. Prior to Etherscan, Tan founded and developed one of the earlier token-based blockchain explorers, Blockscan, for Counterparty, a smart contracts blockchain built on top of Bitcoin. He has around 15 years of industry experience, consulting and developing bespoke line of business solutions when he was a co-founder of a data/web applications solutions provider.

Next is Bobby Ong, the co-founder and COO of CoinGecko, an analytics platform for tracking cryptocurrencies and blockchain assets. CoinGecko was established in April 2014 and is one of the largest cryptoasset data aggregators in the world. Additionally, Ong is a contributing author in two digital currencies books – Handbook of Digital Currency, 1st Edition and Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1. He was also included in the Forbes 2019 30 Under 30 Asia list and graduated with a Bachelor of Science in Economics from University College London in 2012.

Other Malaysian founders include, but are not limited to:

  • Siong, co-founder of Jupiter, a decentralised exchange aggregator on the Solana blockchain platform using an extensive liquidity network and advanced algorithms.
  • Shawn Chong, co-founder of Salus, a holistic Web3 security company with experience in traditional and blockchain security focusing on user protection and strategic initiatives at the intersection of blockchain and cybersecurity.
  • TN Lee, founder of Pendle Finance, a DeFi platform that enables users to tokenize and trade future yield on Ethereum assets.
  • Dr Ian Tan, co-founder of Lydian Labs, a full stack Web3 Solutions Provider focused on advisory, tech, and marketing specialised in the APAC region.
  • Nicole Yap, founder of 8SIAN NFT which artfully tokenizes the rich tapestry of Asian heritage into NFTs which celebrate the history and depth of Asian women while building a global and inclusive Asian community.
  • Julian Koh, co-founder of Aevo, a high-performance decentralised derivatives exchange focused on options.

These Malaysian powerhouses will also be joined by international industry names such as Chess, CEO of GM Network; Dr Kang Li, CSO of CertiK; Victor Ji, Co-Founder of Manta Network; Gracy Chen, CEO of Bitget; Yoann Turpin, co-founder of Wintermute; Moshe, chairman of Oobit; Mark Rydon, CEO of Aethir; John Yao, CEO of Team Secret and many more.

MINTING THE FUTURE OF MALAYSIAN WEB3

MYBW will set the tone and future for Web3 growth and widespread adoption in Malaysia, featuring 33 panel discussions, 15 keynote talks, and more than 150 speakers which will open the curtain on important blockchain topics such as regulatory issues, the decentralised finance & syariah digital economy, blockchain traceability, NFTs & Web3 Gaming, and the impacts of Artificial Intelligence (AI) on the Malaysian landscape.

Advertisement
Stake.com

The event, anticipated to draw more than 2,500 participants, will facilitate discussions between key stakeholders, bringing together decision-makers from the government and industry leaders to mint the future of Web3 for Malaysia.

Tickets for MYBW are already available on the official website.

EVENT DETAILS:

Date: 31 July – 1 August 2024 | 10am – 6pm
Location: World Trade Centre Kuala Lumpur (WTCKL)

Website details: https://myblockchainweek.com/

About Lydian Labs

Lydian Labs is a full stack Web3 solutions provider focused on the APAC region and China, providing 3 main pillars of services: Advisory, Tech, and Marketing.

Advertisement
Stake.com

####

To know more about Lydian Labs, visit https://bit.ly/LydianLabs or find them on X (formerly known as Twitter).

Photo – https://mma.prnewswire.com/media/2461323/MALAYSIAN_BLOCKCHAIN_WEEK.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/malaysian-founders-bring-web3-to-malaysian-shores-with-malaysian-blockchain-week-mybw-2024-302196920.html

Continue Reading

Blockchain Press Releases

BlockScholes X Bybit Crypto Derivatives Analytics Report Reveals Investors More Bullish on ETH Than BTC

Published

on

blockscholes-x-bybit-crypto-derivatives-analytics-report-reveals-investors-more-bullish-on-eth-than-btc

DUBAI, UAE, July 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with BlockScholes, has released its latest Crypto Derivatives Analytics Report, highlighting a notable divergence in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).

The report, analyzing market trends and trading signals across spot trading volume, futures, options, and perpetual contracts, underscores a growing bullish sentiment toward ETH. Key findings indicate that investors are increasingly optimistic about ETH, particularly in anticipation of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC, which has persisted amid heightened market activity.

Key Highlights from the Report:

  • Bullish Sentiment Toward ETH: BlockScholes’s Senti-Meter Index reveals a bullish sentiment among investors toward ETH compared to BTC. This sentiment is influenced by expectations surrounding the imminent ETF launch for Ethereum.
  • ETH Futures Outperforming BTC: Despite recent market fluctuations, ETH futures have shown a quicker recovery in open interest compared to BTC. This recovery trend suggests a robust market narrative focused on ETH’s ETF prospects.
  • Strong Perpetual Trading in ETH: Significant trading volumes in ETH perpetual contracts indicate substantial long positions, possibly driven by strategic positioning ahead of anticipated market developments.
  • High ETH Option Volatility: ETH options market volatility remains elevated, especially in anticipation of ETF approval, contrasting with BTC options, which exhibit a more defensive posture.

In response to the findings, Bybit’s Head of Institutions, Eugene Cheung, commented: “The latest data underscores ETH’s resilience and market appeal as we approach key regulatory milestones. Investors are demonstrably positioning themselves favorably amidst growing market expectations.”

#Bybit / #TheCryptoArk

About Bybit

Advertisement
Stake.com

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Advertisement
Stake.com

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Bybit Logo

Photo – https://mma.prnewswire.com/media/2461187/Image_2024_07_15_10_03_45.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/blockscholes-x-bybit-crypto-derivatives-analytics-report-reveals-investors-more-bullish-on-eth-than-btc-302196885.html

Continue Reading

Blockchain Press Releases

Apply and Win the Dream Getaway to Austria and Cutting-edge Gadgets with Bybit Card

Published

on

apply-and-win-the-dream-getaway-to-austria-and-cutting-edge-gadgets-with-bybit-card

DUBAI, UAE, July 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is excited to announce the launch of its Bybit Card campaign, offering users the opportunity to win extraordinary prizes, including a dream getaway to Austria and cutting-edge tech gadgets including an iPhone 15 Pro and more.

To participate in the campaign, users need to apply and spend at least 500 EUR/USD with their Bybit Card. By completing both steps, they will automatically enter the Lucky Draw, where they stand a chance to win a guaranteed prize. The first 1,000 users who fulfill the requirements will be eligible for the Lucky Draw.

The campaign will run from Jul 15, 2024, 10:00 AM UTC to Aug 18, 2024, 11:59 PM UTC. During this period, users can take advantage of this exciting opportunity to win fantastic rewards.

In addition, VIP users will receive a 30 EUR/USD card bonus, enhancing their overall Bybit Card experience.

Joan Han, sales and marketing director at Bybit, said, “With the Bybit Card, individuals can seamlessly incorporate digital finance into their everyday lives, whether they’re shopping online or covering routine expenses. By providing users with convenience and flexibility, we aim to enhance their financial experiences. Furthermore, we are thrilled to introduce a range of diverse rewards and campaigns to our global user base, thereby creating greater accessibility and convenience for utilizing digital assets.”

Advertisement
Stake.com

The Bybit Card blends the world of digital finance with everyday transactions, offering users a seamless spending experience. For more information about the Bybit Card and how to apply, visit:https://www.bybit.com/en/promo/campaign/Apply-Card-Win-Big

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Advertisement
Stake.com

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Bybit Logo

Photo – https://mma.prnewswire.com/media/2461158/Image.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/apply-and-win-the-dream-getaway-to-austria-and-cutting-edge-gadgets-with-bybit-card-302196750.html

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE