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Market Size of Biometrics Services, Forecast Report 2014-2020 PowerPoint PPT Presentation


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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Market Size of Biometrics Services, Forecast Report 2014-202

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Market size of biometrics services forecast report 2014 2020

Global Biometrics

Services Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2014 – 2020

www.futuremarketinsights.com

Future Market Insights

[email protected]


Market size of biometrics services forecast report 2014 2020

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.

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. 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.


Market size of biometrics services forecast report 2014 2020

Report Description

Report Description

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.

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261

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.

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.


Market size of biometrics services forecast report 2014 2020

Report Description

Report Description

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, DigitalPersona, 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.

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Report

Analysis@

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Market size of biometrics services forecast report 2014 2020

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