Video Attendance Machine Market Size, Share, Analysis, Trends, Growth Report, 2032

Video Attendance Machine Market

Video Attendance Machine Market By Type (Fingerprint Scanners, Facial Recognition Systems, RFID Readers, and Others), By Application (Educational Institutions, Corporate Sector, Healthcare, Retail, and Government), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Category: Technology & Media Report Format : PDF Pages: 213 Report Code: ZMR-8478 Published Date: Jul-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 246.87 Million USD 712.59 Million 12.50% 2023

Video Attendance Machine Market

Video Attendance Machine Industry Prospective:

The global video attendance machine market size was worth around USD 246.87 million in 2023 and is predicted to grow to around USD 712.59 million by 2032 with a compound annual growth rate (CAGR) of roughly 12.50% between 2024 and 2032.

Global Video Attendance Machine Market SizeRequest Free Sample

Video Attendance Machine Market: Overview

A video attendance machine is a device that records and manages attendance using video technology, frequently in conjunction with facial recognition software. These devices record people entering or leaving a specified area via video or still photos, then employ algorithms to recognize and record each person's attendance. Video attendance devices provide a contemporary answer to the problems associated with traditional attendance tracking by fusing the most recent advancements in facial recognition technology with reliable software. The video attendance machine market is being driven by several factors including technological advancement, growing investment in advanced technology, rising integration of modern technology such as AI, increased focus on security, demand for contactless solutions, and the increasing adoption from a variety of industries such as education, corporate, government, and others.

Key Insights

  • As per the analysis shared by our research analyst, the global video attendance machine market is estimated to grow annually at a CAGR of around 12.50% over the forecast period (2024-2032).
  • In terms of revenue, the global video attendance machine market size was valued at around USD 246.87 million in 2023 and is projected to reach USD 712.59million, by 2032.
  • Rising product launch is expected to drive the global video attendance machine market growth over the forecast period.
  • Based on the type, the fingerprint scanners segment is expected to dominate the market over the forecast period.
  • Based on the application, the government segment is expected to capture a significant market share over the projected period.
  • Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

Video Attendance Machine Market: Growth Drivers

Incorporation of multifactor authentication methods drives market growth

By combining fingerprint recognition with additional biometric or non-biometric verifiers, multifactor authentication techniques provide enhanced security and user verification. Additionally, mobile-based fingerprint attendance systems are becoming increasingly popular, offering simplicity and flexibility for labor management from a distance. The video attendance machine market's shift toward adaptable, safe, and user-friendly attendance tracking systems is reflected in these opportunities. For example, Feitian Technologies launched the V20, a state-of-the-art biometric tablet with optional iris scanning that combines fingerprint and facial recognition in September 2022. The Android 9-powered tablet uses a Qualcomm 450 CPU and has dual cameras, IP65 durability rating, NFC and barcode scanning, contact card reading, and more. Feitian sells the V20 with a range of applications in mind, such as voter verification, civil data collecting, banking KYC, criminal identification, and attendance tracking.

Video Attendance Machine Market: Restraints

Expensive deployment hinders market growth

Attendance systems that use fingerprints rely solely on peripherals and hardware. Scaling these systems can be costly because hardware installation is required at each location. Purchasing new hardware each time is the only option. There are clear drawbacks to biometric scanning for businesses when the majority of workers are dispersed, either on large factory floors or remote locations. Therefore, the repeated purchasing of hardware devices might be a major restraining factor for the video attendance machine industry expansion over the projected period.

Video Attendance Machine Market: Opportunities

Growing product launch offers a lucrative opportunity for market growth

The growing product launches are expected to offer a lucrative opportunity for the video attendance machine market expansion during the forecast period. For instance, in May 2023, for quick touch-free access control and time attendance applications, Hikvision India released the value series MinMoe DSK1T320 Attendance and Access Control Terminal with Face Recognition Function. The most advanced Deep Learning algorithm is simplifying and improving the Touch-Free Access Control system more than before. In the wake of the epidemic, contactless attendance and access control have become more and more popular in India, where they are now deemed necessary for the safe reopening of schools, stores, offices, and factories. The MinMoe Attendance and Access Control Terminal with Face Recognition Function has a range of product choices to suit a variety of real-world circumstances and customer needs.

The Value Series (DSK1T320) devices are priced competitively and offer powerful functionality. They are specially developed for use in various application settings, including retail stores, offices, schools, and retailers. With their elegant design and facial recognition feature, these Attendance and Access Control Terminals provide quick, touchless access. Its uses are both elegant and incredibly economical. They use deep learning techniques and anti-spoofing features to verify the identity of registered users. The installation and deployment are flexible of these Face Recognition terminals. There are several uses for the Hikvision MinMoe Value Series (DSK1T320) in time attendance and access control systems.

Video Attendance Machine Market: Challenges

Concern about security poses a major challenge to market expansion

Fingerprint attendance systems frequently keep information about physical characteristics in a local database, including fingerprint and palm veins. This data is associated with certain employees. Sometimes, it is imperative to keep the data secure. Businesses that use fingerprint attendance systems must take precautions to guard against data theft or hacking. Thus, the increasing security concern poses a major challenge to the video attendance machine market growth.

Video Attendance Machine Market: Segmentation

The global video attendance machine industry is segmented based on type, application, and region.

Based on the type, the global video attendance machine market is bifurcated into fingerprint scanners, facial recognition systems, RFID readers, and others. The fingerprint scanners segment is expected to dominate the market over the forecast period. By adding another layer of security, fingerprint scanners make it harder for unauthorized people to enter. When fingerprint scanning and facial recognition are combined, attendance tracking becomes more accurate and there is a decreased chance of fraudulent actions like buddy punching. Furthermore, the rising product launches with advanced technology drive the segment expansion. For instance, in October 2023, fingerprints announced the debut of their newly created, comprehensive biometric solution for PC manufacturers, which is presently being assessed by multiple PC OEMs. The system is made up of a fingerprint sensor that has been tailored for PC requirements and Fingerprints' proprietary microcontroller unit (MCU). Fingerprints' biometric Match-on-Chip PC solution, which was added to Microsoft's authorized vendor list (AVL) for Windows Hello Enhanced Sign-in Security last year, is improved even further by using a customized MCU.

Based on the application, the global video attendance machine industry is bifurcated into educational institutions, corporate sector, healthcare, retail, and government. The government segment is expected to capture a significant market share over the projected period. High security is required by governments for sensitive locations and operations; video attendance machines equipped with biometric authentication (facial recognition and fingerprint scanning) satisfy these requirements. Video attendance systems can guarantee that data security and personnel verification rules are followed, which is crucial.

Video Attendance Machine Market: Report Scope

Report Attributes Report Details
Report Name Video Attendance Machine Market
Market Size in 2023 USD 246.87 Million
Market Forecast in 2032 USD 712.59 Million
Growth Rate CAGR of 12.50%
Number of Pages 213
Key Companies Covered FaceIT Systems LLP, SECUREYE.COM, KENT Cam Technologies, CP Plus international, Novatel, Cinterion Wireless Modules, Neoway Technology, Quectel Wireless Solutions, Sagemcom, Sierra Wireless, Matrix Comsec Private Limited, SIMCom, Telit, and others.
Segments Covered By Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Video Attendance Machine Market: Regional Analysis

Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to capture the largest video attendance machine market share over the forecast period as big economies like China, India, and Japan are rapidly becoming more industrialized and digitalized. The region's emphasis on improving workplace security and efficiency, combined with pro-digital infrastructure government policies, drives demand. Recognized for their creative biometric solutions, ZKTeco and Suprema are important players operating in this area. Besides, the North American region shows promising growth in the video attendance machine industry. Strict regulatory compliance, especially in the US and Canada, over personnel management and data security is what is driving the region's growth. The adoption of cutting-edge biometric technologies is encouraged by the region's strong IT infrastructure and the presence of top technological companies. Through constant innovation, businesses like M2SYS Technology and BioLink Solutions actively contribute to the dynamics of the regional market.

Video Attendance Machine Market: Competitive Analysis

The global video attendance machine market is dominated by players like:

  • FaceIT Systems LLP
  • SECUREYE.COM
  • KENT Cam Technologies
  • CP Plus international
  • Novatel
  • Cinterion Wireless Modules
  • Neoway Technology
  • Quectel Wireless Solutions
  • Sagemcom
  • Sierra Wireless
  • Matrix Comsec Private Limited
  • SIMCom
  • Telit

The global video attendance machine market is segmented as follows:

By Type

  • Fingerprint Scanners
  • Facial Recognition Systems
  • RFID Readers
  • Others

By Application

  • Educational Institutions
  • Corporate Sector
  • Healthcare
  • Retail
  • Government

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

A video attendance machine is a device that records and manages attendance using video technology, frequently in conjunction with facial recognition software. These devices record people entering or leaving a specified area via video or still photos, then employ algorithms to recognize and record each person's attendance. Video attendance devices provide a contemporary answer to the problems associated with traditional attendance tracking by fusing the most recent advancements in facial recognition technology with reliable software.

The video attendance machine market is being driven by several factors including technological advancement, growing investment in advanced technology, rising integration of modern technology such as AI, increased focus on security, demand for contactless solutions, and the increasing adoption from a variety of industries such as education, corporate, government, and others.

According to the report, the global video attendance machine market size was worth around USD 246.87 million in 2023 and is predicted to grow to around USD 712.59 million by 2032.

The global video attendance machine market is expected to grow at a CAGR of 12.50% during the forecast period.

The global video attendance machine market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing industrialization and digitalization.

The global video attendance machine market is dominated by players like FaceIT Systems LLP, SECUREYE.COM, KENT Cam Technologies, CP Plus international, Novatel, Cinterion Wireless Modules, Neoway Technology, Quectel Wireless Solutions, Sagemcom, Sierra Wireless, Matrix Comsec Private Limited, SIMCom and Telit among others.

The video attendance machine market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed