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Biometrics Services Market: Industry Analysis, Trend and Growth, 2015 – 2020 by Future Market Insights

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Growing concerns of security, and threat of life has developed a need for safe and secure environment. The safety concerns has industrialized a biometrics safety system. Keeping safety on the top, biometrics systems are used across several industrie
Global Biometrics
Services Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 - 2020
Future Market Insights
www.futuremarketinsights.com
[email protected]
Report
Description
Report Description
Growing concerns of security, and threat of life has developed a need for safe and secure
environment. The safety concerns has industrialized a biometrics safety system. Keeping safety
on the top, biometrics systems are used across several industries such as banking, hospitality,
defense, government, healthcare, consumer electronics, home safe and safety, transport, and
commercial safety and security. Before introducing the biometrics system in the practice,
tradition methods such as personal identification cards, passwords or keys, and magnetic cards
were used for verifying the identity of a person, which can be easily theft or stolen. Whereas,
biometrics system identifies a person on the basis of individual’s face, fingerprints, signature,
iris, DNA, and typing rhythms. Therefore, the biometrics system is considered to be the most
convenient solution. These unique features such as easy to measure, permanent, easy to use,
and secured information system will drive the demand for biometrics system. The global
biometrics market was value at US$ 6,357.7 MN in 2012, and is expected to witness double-digit
growth rate by 2019.
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The global biometrics system market is driven by factors such as security concerns due to
increasing crimes and terror attacks, unique and simple features of biometrics system.
Report
Description
Report Description
On the other hand, unreliability and high cost involvement for the biometrics technologies
implementation will decelerate the growth of the global biometrics system market in the near
future. However, development of multimodal biometrics solution will further enhance the
biometrics system market in the next five years.
Moreover, the growing concerns of safety, and need for secured solution systems has developed
ample of technology innovations in the application segment that include hand geometry, face,
iris, Voice, AFIS, signature, non-AFIS, and others (DNA and rhythms), Among all the
aforementioned application segments, the non-AFIS segment dominated the biometrics system
market in 2012 due to its cost effectiveness and user-friendliness feature. After non-AFIS, iris
system is expected to contribute to the growth of biometrics system market over the next five
years. This growth is attributed to increasing adoption in the high-end security applications and
modest contactless and safe biometrics application. Among all the aforementioned end-use
segments, the transport/visa/logistics segment witnessed as the largest market share in 2012,
and is expected to display a significant growth in the biometrics system market in the near
future. Furthermore, the banking segment is also anticipated to exhibit a momentous growth
rate in the next few years.
Report
Description
Report Description
The global biometrics system market covers region such as Europe, North America, Asia Pacific,
and Row. The North America region dominated the global biometrics system market in 2014,
followed by Europe. Asia Pacific has also contributed to the growth of the global biometrics
system market in 2012, and is expected to witness a substantial growth rate in the near future.
This is attributed to rising concerns of safety and security and rising government projects that
include e-passport, National identification programme. Implementation of programme in the
few countries such as China, India, Israel, Indonesia, and South Korea.
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According to the market research, key participants considered in the global biometrics systems
market are NEC Corporation, 3M Cogent, Safran Morpho, Digital Persona, and BIO-Key
International. NEC Corporation and Safran Morpho accounted for the highest revenue share in
2012. Keeping competition on the top, key companies main focus is on expanding their
customer base with the help of strategic alliances, development of innovative products and
exploiting more in R&D activities. These alliance will help the key companies to hold a stable
position in the global biometrics systems market in the near future.
About Us
Report
Description
Future
Market
Insights
Future Market Insights (FMI) is a premier provider of syndicated
research reports, custom research reports, and consulting services.
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