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Biometrics Technology Market By Technology (Face Recognition, Hand Geometry, Voice Recognition, Signature Recognition, Iris Recognition, AFIS, Non-AFIS & Others), End Use Vertical (Government, Military and Defense, Healthcare, Banking and Finance, Consumer Electronics, Residential and Commercial Security, Transportation and Immigration & Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Countries worldwide are facing challenges from the increasing number of terror attacks and crimes and looking for advanced solutions that improve security in both public and private places. Traditional individual authentication technologies such as passwords and tokens can be easily hacked by unauthorized persons. Biometrics technology enables users to overcome this challenge and reduces the risk of providing access to an unauthorized person as this technology uses an authorized person’s physiological or behavioral characteristics for identification. This is increasing the adoption of biometrics technologies, particularly in government, defense, and banking applications. In addition, biometrics technologies are gaining importance in commercial and private organizations for attendance and access control applications. All these factors represent a huge opportunity for biometrics solutions providers.  

 

This report analyses the global biometrics technology market to provide in-depth information on global demand-supply, technology, and regional market trends. The study also provides exhaustive information about global and regional market drivers, challenges, and opportunities. The report also includes a cross-sectional analysis of each regional market based on types of biometrics technologies and applications. In addition, the study includes market estimates and forecasts of biometric technologies for 2013 to 2022. This quantitative information is provided for the global, regional, and country-specific markets. This report also includes a market attractiveness analysis to identify key investment areas in the global biometrics technology market. PESTEL analysis in the report provides extensive ideas above factors influencing and limiting the growth of this market. 

 

The report also profiles key players in the global biometrics technology market, which include a business overview, financial overview, key product offerings, and recent development related to biometric technologies. In addition, competitive positioning provides detailed information about the market competition and market-winning strategies adopted by the key players in the global market.

 

The global biometrics technology market is classified into the following categories:

By Technology

  • Face recognition
  • Hand geometry
  • Voice recognition
  • Signature recognition
  • Iris recognition
  • Automated Fingerprint Identification System (AFIS)
  • Non-AFIS
  • Others AFIS

By Application

  • Government
  • Military & Defense
  • Healthcare
  • Banking & Finance
  • Consumer Electronics
  • Residential and Commercial Security
  • Travel & Immigration
  • Others

By Region

  • North America
  • US
  • Rest of North America
  • Europe
  • EU7
  • CIS
  • Rest of Europe
  • Asia-Pacific (APAC)
  • India
  • China
  • Japan
  • Australia
  • Southeast Asia
  • Rest of APAC
  • Rest of the World
  • South America
  • Middle East
  • Africa

Biometrics systems find their application in various sectors such as government, defense services, banking and finance, consumer electronics, healthcare, home safety & security, commercial safety & security, transport/visa/logistics, and others. Biometrics systems usage was dominated by the transport/visa/logistics sector in the overall market, accounting for the largest revenue share of the total market in 2014. Due to stringent security regulations and an increasing number of terrorist attacks, transportation service providers worldwide are focusing on improving the security of public transport facilities. This can be best achieved through biometrics; hence, this sector is expected to stay dominant throughout the forecast period. Moreover, biometrics is being used in e-passport projects which use face, hand geometry, and iris detection technology.

 

Moreover, growing biometrics applications in the government sector support the penetration of biometrics systems in the market. Significant demand for biometrics technologies is also expected from the banking industry to reduce fraud. Biometrics can also be used for authentication to perform online banking or financial transactions. Biometrics ensures high-level security and is largely used in the consumer electronics sector. Many computers and laptops use biometrics technology for access control, and some manufacturers, such as Apple, Samsung, etc., have started introducing biometric sensors in their smartphones. Biometrics technology is also gaining popularity in residential and commercial security applications. With the substantial demand from all the above sectors, the overall biometrics technology market is expected to see significant growth through the forecast period.

 

The global Biometrics market comprises various application types such as the face, hand geometry, voice, signature, iris, automated fingerprint identification system (AFIS), non-automated fingerprint identification system (non-AFIS), and others which include keystroke dynamics, DNA, and typing rhythms. In 2014, non-automated fingerprint identification systems (non-AFIS) accounted for the largest revenue segment in the overall market. Presently, a range of fingerprint sensors are available in the market, such as silicon (thermal, capacitive, and e-field) area or swipe, infrared, optical, pressure, and ultra-scan, amongst others. Non-automated fingerprint identification system (non-AFIS) was introduced for business applications which replaced ID cards, passwords, and other traditional methods used for identification and attendance application in organizations. Iris recognition technology is largely used in the banking, defense, commercial, and IT sectors. Iris recognition technology easily operates as a standalone system and can be integrated into existing security systems. Hence, due to their flexibility and reliability, iris recognition technology is expected to observe significant growth through the forecast period 2015 - 2022. Biometric solutions based on hand geometry technology are also expected to see steady growth, with stringent government regulations required to improve safety in commercial sectors such as nuclear plants, hospitality, universities, banking, and healthcare. This technology also finds its applications in time & attendance maintenance systems. Moreover, technologies such as signature, voice, and other emerging technologies such as typing rhythms and DNA are also expected to fuel the growth of the biometrics technology market shortly.

 

Geography Segmentation Analysis – Biometrics Technology Market

The global biometrics technology market is classified into North America, Europe, Asia-Pacific, and the Rest of the World (RoW) by regions. Asia-pacific accounted for the largest and fastest growing global biometrics technology market. In the Asia Pacific, most of the growth is expected from India and China due to the increasing adoption of biometrics technology in the government sector. National border control projects and projects such as e-passports and Adhaar are the major reasons for adopting biometrics technology, particularly in India. The radar project in India uses iris, face, and fingerprint recognition technology for providing individual identity cards. In the U.S., biometric technology is broadly used in the government sector for authority verification to provide access to government facilities and computer networks. The U.S. and Canada have introduced Passenger Accelerated Service System programs, allowing frequent passengers to pass through the inspection points quickly. This system uses hand geometry recognition technology. Europe has a significant revenue share in the global biometrics technology market. The introduction of stringent security regulations in Europe, such as the General Data Protection Regulation (GDPR), increased the demand for biometrics technologies in the region. Major countries such as the UK, Germany, Russia, France, and others have initiated e-passport programs, influencing the demand for biometrics technology from the transportation sector. Europe has also forced commercial organizations, such as airlines, gyms, etc., to use biometrics technologies for effective identification and authentication.

 

Frequently Asked Questions

The market for Biometrics Technology is expected to reach US$ XX Bn in 2022.

The Biometrics Technology market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015-2022.

The base year of this report is 2014.

Morpho SA (Safran), Daon, Inc., IrisGuard, Inc., Suprema, Inc, Siemens AG, NEC Corporation, IDTECK, 3M Cogent, Inc, Fujitsu Limited, Cognitec Systems, GmbH are some of the major players in the global market.

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Published Date:  Apr 2016
Category:  Technology & Media
Report ID:   57789
Report Format:   PDF
Pages:   130
Rating:    4.1 (70)
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