Biometric technology is an advanced technique for the identification of humans, based on their characteristics or traits. These traits can be face, fingerprint, iris, voice, signature, palm, vein, and DNA. The existing methods of human identification such as identification documents and PIN are not able to cope up with the growing demand for stringent security, which gives a high growth opportunity for the use of the biometric technology. This technology is very popular also because biometric characters such as face, fingerprint, hand, and so on cannot be lost, stolen, or easily forged.
This report deals with all the driving factors, restraints, and opportunities for the biometric technology market which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of biometric technology. This report provides the competitive landscape of the players which covers key growth strategies followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to the biometric technology industry. The report formulates the entire value chain of the biometric technology market; right from the manufacturer to the customer. It also analyzes the biometric technology market with the help of Porter's five-force model.
This research report categorizes the global biometric technology based on types and applications market; it also covers the forecasted revenue from 2014 to 2020 and future applications of the biometric technology. This report also shows the various activities that are being conducted by different institutes and universities. It describes the deployments of the biometric technology in various regions. The report describes the applications mapping the biometric technology market with respect to the growth potential and adoption by the users.
The global biometric technology market is categorized into various types such as face, fingerprint, iris/retina, voice, vein, signature, palm-print, and DNA recognition. This report also describes keystroke and GAIT recognition.
Application areas of the biometric technology have been categorized into government, travel and immigration, defense, banking and finance, healthcare, consumer electronics, home security, and commercial security.
Geographical analysis covers North America, Europe, Asia-Pacific, and ROW. In this report, North America is further segregated by countries such as the U.S., Canada, and Mexico. Europe is further segregated into Germany, the U.K., France, Italy, and others. APAC is segregated into Australia, China, Japan, South Korea, and India. ROW is segregated into Africa and the Middle East.
The leading companies in the biometric market covered in the report are 3M (U.S.), Cross Match Technologies (U.S.), Facebanx (U.K.), Fingerprint Cards AB (Sweden), Fujitsu Ltd (Japan), Fulcrum Biometrics (U.K.), NEC Corporation (Japan), RCG Holdings LTD. (Hong Kong), Saffran SA (France), Siemens Ag (Germany), Suprema Inc. (South Korea), Thales Group SA (France), Validsoft (U.K.).
Biometric technology is the verification of humans by their characteristics such as face, fingerprint, voice, iris, palm, signature, vein, and DNA. DNA and vein recognition are the latest and most advanced types of biometric authentication. Fingerprint, face, and iris recognition are commonly used in almost all the application areas. The demand for biometric technologies has increased manifolds in the recent years. The basic reason behind this is the rise in the number of terrorist activities, coupled with multiplicity of theft on the part of crucial data and information which have raised concerns regarding the national security. Today, biometric technologies are used in several verticals such as consumer electronics, government organizations, airports, corporations, and so on, where security remains the prime concern.
Biometric technology market can be categorized into different applications such as government, travel and immigration, banking and finance, consumer electronics, home security, commercial security, and healthcare. The most common application areas in the field of biometric technology are government, banking, finance, travel and immigration, and defense.
Biometrics provides a high degree of security and convenience which ensures confidentiality of personal information. This is superior to traditional passwords/PINs as these are easily guessed, forgotten, or copied; tokens can be stolen or misplaced. Biometric technology helps in preventing theft as the information is stored in the form of a digital record in the database which makes it highly impossible to reconstruct, decrypt, or manipulate. Biometric uses biological characteristics or features which are inseparable from a person, thus, reducing the threat of loss or theft.
This report describes the market trends, drivers, and challenges of the biometric technology market and forecasts the biometric technology market from 2014 to 2020, based on the applications of the biometric technology and geography. This report covers geographies such as North America, Europe, APAC, and ROW (Rest of the World).
In the biometric technology market, fingerprint recognition contributes for the largest percentage share, followed by face and iris; whereas, 'travel and immigration' is the major application, followed by government and defense. In geographic analysis, North America is the market leader, followed by Europe and APAC.
The major companies involved in the biometric technology market are 3M (U.S.), Fingerprint Cards AB (Sweden), Fujitsu Ltd. (Japan), NEC Corporation (Japan), RCG Holdings LTD. (Hong Kong), Saffran SA (France), Siemens Ag (Germany), Suprema Inc. (South Korea), and so on.
The overall biometric market is increasing with a CAGR of 17.6% from 2014 to 2020. The major applications for the biometric market are travel and immigration and government. Fingerprint biometric is the major share holder in the biometric market and voice has the highest growth potential, followed by iris recognition.
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
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