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Key industry players are
Other prominent players include
Owing to the increased competition within industry and from low-cost imports, the market is witnessing consolidation with the vendors pursuing acquisition strategy to expand their product offerings and gain share.
The technology is expected to bring huge investments from organizations that may contribute to growth. For instance, in 2014, Fingerprint Cards (FPC) spent over USD 55.2 million in R&D to develop advanced biometric solutions. Moreover, reducing need of password and multimodal biometric solutions as an authentication will propel the fingerprint access control system market share in the coming years.