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 across the world are facing challenges from increasing number of terror attacks and crimes and looking for advanced solutions which improve the security at both public and private places. Traditional individual authentication technologies such as passwords and tokens can be easily hacked by unauthorized person. Biometrics technology enables the users to overcome this challenge and reduces risk of providing access to 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 organization for attendance and access control application. All these factors represent huge opportunity for biometrics solutions providers.   

This report analyses global biometrics technology market in order to provide in-depth information related global demand supply, technology and regional market trends. The study also provides exhaustive information related global as well as regional market drivers, challenges and opportunities. The report also include cross sectional analysis for each regional market based on types of biometrics technologies and applications. The study includes market estimates and forecast of the biometric technologies for the period 2013 to 2022. This quantitative information is provides for the global, regional as well as country specific market. This report also includes market attractive analysis to identify key invest areas in the global biometrics technology market. PESTEL analysis include in the report provides extensive idea above factors influencing and limiting the growth of this market. 

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

The global biometrics technology market is classified into 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 and it accounted for largest revenue share of the total market in 2014. Due to the stringent security regulation and increasing number of terrorist attacks, transportation service providers across the world are focusing to improve the security at public transport facilities. This can be best achieved through biometrics and 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 is supporting the penetration of the biometrics systems in the market. Significant demand for biometrics technologies is also expected from banking industry in order to reduce frauds. Biometrics also can be used for the purpose of authentication in order to perform online banking or financial transactions. Biometrics ensures high level security and hence is largely being 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 smart phones. 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 the significant growth through the forecast period.

Biometrics Technology Market

The global Biometrics market comprises of various application types such as 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 system (non-AFIS) accounted for the largest revenue segment in the overall market.  At present, 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 being used in banking, defense, commercial and IT sector. 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 a significant growth through the forecast period 2015 - 2022. Biometric solutions based on hand geometry technology are also expected to see a steady growth with introduction of stringent government regulations required to improve safety in the 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 fuel the growth of biometrics technology market in the near future.

Biometrics Technology Market

Geography Segmentation Analysis – Biometrics Technology Market

The global biometrics technology market is classified into North America, Europe, Asia-Pacific and Rest of the World (RoW) by regions. Asia-pacific accounted for the largest as well as the fastest growing market in the global biometrics technology market. In Asia Pacific, majority of the growth is expected from India and China due to the increasing adoption of biometrics technology in government sector. The national border control projects and projects such as the e-passports, Adhaar are the major reasons responsible for the adoption of biometrics technology particularly in India. Aadhaar project in India uses iris, face and fingerprint recognition technology for providing individual identity card. In the U.S., biometric technology is broadly used in the government sector for authority verification in order to provide access at government facilities and computer networks. The U.S. and Canada have introduced Passenger Accelerated Service System programs in order to allow its 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. 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 UK, Germany, Russia, France and others have initiated e-passport programs which have influenced the demand for biometrics technology from transportation sector. Europe have also forced commercial organizations such as airlines, gyms etc. to use biometrics technologies for effective identification and authentication.

Biometrics Technology Market

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Published Date:  Apr 2016
Category:  Technology & Media
Report ID:   57789
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
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