Government Biometrics Market

Government Biometrics Market - Demand for Better Workplace Security Boosts
Biometric Devices’ Sales
The overwhelming scope for working on developing advanced modalities depending
on man’s unique physical characteristics is attracting many businesses, observes
Transparency Market Research in a recently published report. Due to such a large
scope, several avenues are being opened for companies who are trying to make it big
in this market. Most of the market players are performing experiments with advanced
biometric modalities to improve their accuracy as well as versatility. Some players
are also trying to develop machines which cannot be tampered with, so that they can
gain a competitive edge over others. Gemalto N.V., Fujitsu, Precise Biometrics AB,
Daon Inc., BIO-Key International, Inc., Secunet Security Networks AG, Aware, Inc.,
NEC Corporation, and Thales SA are some of the key businesses operating in the
global government biometrics market.
The worldwide government biometrics market is anticipated to fetch a valuation of
US$8605.2 mn by 2022. This growth is expected to occur through an impressive
CAGR of 11.5%. The initial valuation of this market in 2017 was US$4996.5 mn.
Under the technology criteria, fingerprint recognition saw maximum usage in different
facilities in the global government biometrics market. This is primarily due to wide
applications of fingerprint recognition in e-visas, national IDs, e-passports, and other
such personalized items of identification in numerous nations. Geography-wise, North
America dominates the global government biometrics market in terms of revenue
collected. A prime reason for positive growth observed in this segment involves the
large number of trial programs and biometric system setups carried out in several
businesses and federal agencies, which have significantly boosted the market.
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Demand for Better Workplace Security Boosts Biometric Devices’ Sales
Establishing security in most organizations is of given a paramount importance by
respective authorities. This is mainly done in order to keep maintain a veil of secrecy
around most of the activities that take place in organizations such as government
offices, federal agencies, defense establishments, and others from similar categories.
Such rising demand for biometrics in order to avoid security attacks is a key driving
factor for the global government biometrics market. Another factor that has bolstered
the uptake of the government identification programs involves the rising initiatives by
various governmental agencies to promote use of the biometric systems. These
initiatives encourage organizations to adopt to advanced biometric systems, in the
wake of better healthcare and welfare of citizens of a nation. A surging interest
shown by people to get their social security linked with various identification
programs has also managed to significantly raise the utilization of biometrics.
Numerous governmental agencies all over the world are planning to set up a single,
universal recognition system has acted as a catalyst for the global government
biometrics market’s growth.
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High Set Costs May Dampen Growth of the Market
In contrast to these pros and positive factors, the global government biometrics
market is hindered by a few restraints. A chief restraint involves high costs needed to
set up advanced biometric systems. Due to such costs, many agencies might get
discouraged from using the systems. However, key players in the market are dabbling
in several innovations and experimentations, which promises to lower down the costs
with newer and better devices.

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