Biometrics Technology Market Size & Forecast Report, 2014 - 2025

1. Biometrics Technology Market Research Methodology & Market Segmentation Till 2025 “The global biometrics technology market size was valued at over USD 10 billion in 2015. This technology has its applications in public, commercial and private sectors.” Industry Insights The Global Biometrics Technology Market size was valued at over USD 10 billion in 2015. This technology has its applications in public, commercial and private sectors. Biometrics is related to human characteristics which identify fingerprint, palm veins, face recognition, hand geometry, retina for its authorization. To avoid security breaches, this technology is applied in various sectors and it provides high degree of security and accuracy. The security concerns are anticipated to drive the market demand over the forecast period. Biometrics technology is accessed in the computer industry for identification and access control. To protect the most important data, old techniques are not robust enough as a result of which this technology is being used widely. It has applications in government offices, border control, airports, financial institutions, healthcare industry and law on account of which the demand is expected to increase rapidly. Application Insights The biometrics technology finds usage in applications such as face recognition, hand geometry, signatures, automated fingerprint identification systems (AFIS), voice recognition, iris, and non-AFIS. Hand recognition is very widely used a form of application in biometrics technology. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/biometrics-technology-market/request-sample

2. Palm veins and print are contactless applications which are expected to grow over forecast period owing to the security concerns. AFIS finds application in conducting background checks of the workforce of an organization. These all will be used for civil applications. Iris application is majorly used in government programs. It also used in ATM facilities and financial institutions. These applications will see growth over the forecast period. End-Use Insights: The demand in the government sector is expected to grow rapidly over the forecast period to prevent issues such as illegal immigration and identity theft. The commercial sector is anticipated to experience increased demand on account of growing application in defense and security end-use. For recent implementations in mobile and online payments, it is protected by biometrics over its security concerns. This technology also has end-use in consumer electronics, healthcare, security, and defense. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/biometrics-technology-market Regional Insights: Biometrics technology is majorly used around the world to counter the threats posed by terrorists worldwide. North America is expected to be the major market where U.S. is the most dominant country and will grow rapidly over the forecast period. Asia Pacific is expected to be the fastest growing market owing to the significant demand in China and India over the forecast period. Initiatives such as UIDAI in India which use face, fingerprint and iris biometrics are expected to augment demand over the forecast period. Competitive Insights: The industry participants in the market comprise of companies such as Precise Biometrics AB, NEC Corporation, 3M Cogent, Fujitsu Limited, FaceFirst, Nuance Communications, and Hitachi. 3M Cognet has recently introduced a wide range of palm print and fingerprint identification products with innovative features. The market is characterized by high merger and acquisition activity. 3M Cogent has entered into partnerships with companies such as Siemens, BlackBerry, Accenture, Sun Microsystems, and Lockheed Martin for the

3. application of bluetooth-enabled portable fingerprint scanner, which is highly preferred mobile biometric industry. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/semiconductor Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184