Biometrics is the assessment of physical and behavioral characteristics such as fingerprints, voice, facial patterns, movement of hands, odor, iris, etc. of a person for authentication and identification purposes in a computer based security system. Biometric systems are used across various public as well as private offices for enhancing the security of data and information, as these systems provide an accurate validation as compared to traditional methods such as ID cards, PINs, passwords, etc. Increasing use of biometrics in e-commerce and cloud computing solutions, coupled with initiatives taken by the government of various countries across the world to adopt biometrics systems for identification and verification purposes are some of the major factors driving demand for biometric solutions, globally. Moreover, introduction of e-passports and e-visas, use of biometrics in criminal identification, increasing demand for smartphones integrated with biometric technologies and implementation of biometric technology in election administration are anticipated to drive the global biometrics market over the next five years.
According to “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global biometrics market is projected to cross US $ 24.8 billion by 2021. Fingerprint recognition biometric systems are the most preferred type of biometric systems used across the globe, owing to their ease of use, low cost, high speed and accurate results. However, in terms of growth, vein scanner biometrics systems segment is anticipated to outpace fingerprint recognition biometrics systems over the next five years. In 2015, North America dominated the global biometrics market, and the region is anticipated to maintain its dominance over the next five years as well. “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 – 2021” discusses the following aspects of the global biometrics market:
• Global Biometrics Market Size, Share & Forecast
• Segmental Analysis – By Type (Fingerprint Recognition, Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition, Vein Scanner & Others), By End Use Sector (Banking & Finance, Consumer Electronics, Travel, Government, Defense, Healthcare, Commercial Security, Residential & Others)
• Regional Analysis - North America, Europe, Asia-Pacific, Middle East & Africa and South America
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
• To gain an in-depth understanding of global biometrics market
• To identify the on-going trends and anticipated growth in the next five years
• To help industry consultants and biometric system and solution providers and other stakeholders align their market-centric strategies
• To obtain research based business decisions and add weight to presentations and marketing material
• To gain competitive knowledge of leading market players
• To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based upon both primary and secondary research. Primary research included surveys with biometrics system and solution providers, channel partners and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.