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Biometric Authentication Market

Rising usage of mobile biometric technology and inclination towards cloud based biometric solutions are expected to drive the growth of the biometric authentication market. The global biometric authentication market was valued at USD XX million in 2018 and is expected to reach USD XX million in 2026, growing at a CAGR of 15.5% during the forecast period.

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Biometric Authentication Market

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  1. BiometricAuthenticationMarket2020:IndustryInsightandMajorPlayers(FulcrumBiometrics,NECCorporation,ThalesGroup)BiometricAuthenticationMarket2020:IndustryInsightandMajorPlayers(FulcrumBiometrics,NECCorporation,ThalesGroup) • Risingusageofmobilebiometrictechnologyandinclinationtowardscloudbasedbiometricsolutionsareexpectedtodrivethegrowthofthebiometricauthenticationmarket.Theglobalbiometric authentication marketwasvaluedatUSDXXmillionin2018andisexpectedtoreachUSDXXmillionin2026,growingataCAGRof15.5%duringtheforecastperiod. • Biometricauthenticationisaprocessofverifyingindividual’sidentitythroughuniquebiologicalcharacteristicsthatarepreviouslystoredinthedatabase.Itcomparesandmatchesbiometricfeaturesofanindividualtoverifythatapersontryingtoaccessaparticulardeviceisauthorizedtodosoornot.Risingusageofmobilebiometrictechnologyisdrivingthedemandbiometricauthenticationmarket.Privateindustryandgovernmentsaremoreinclinedtowardsusageofmobilebiometricsinordertospeeduptheprocessingofuseridentification.Mobilebiometricshelpsinverifyingindividualbiometricfeatureonamobiledevicewhichisportableandcanbeeasilyshiftedormovedfromoneplacetoanother.ThiscanbeachievedonamobiledeviceeitherwiththehelpofbiometricsensorsorbyattachingportablebiometrichardwaretoitviaWiFiconnectionorUSBcable.Thishelpsinspeedingupthebiometricauthenticationprocessatvariousindustries. • GetaSampleCopyofReport@https://www.alltheresearch.com/sample-request/339 • Moreover,Privacyisoneofthebiggestconcernsofbiometricsolutions.Iftheserversstoringbiometricinformationarehacked,itresultsinseriousconcernsforindividuals.Datacanbemisused,therebyresultinginsignificantlossforthepopulation.Thisisoneofthefactorsthatishinderingthegrowthofthebiometricauthenticationmarket. • CompanyProfilesandCompetitiveIntelligence: • SomeofthekeyplayerinthebiometricauthenticationmarketareFulcrumBiometrics,NECCorporation,ThalesGroup(Gemalto),CognitecSystems,FujitsuLtd.,PreciseBiometrics,AssaAbloyAB,IntegratedBiometrics,SecunetSecurityNetworksandamongothers • KeyFindings: • Basedonofferings,thehardwaresegmentisexpectedtodominatethemarketwithnearly48%ofmarketshareintheglobalbiometricauthenticationmarketin2018 • Basedontechnology,themulti-factorauthenticationsegmentisexpectedtogrowata • staggeringrateduringforecastperiodintheglobalbiometricauthenticationmarket • Basedonfunctionality,thenon-contactandhybridfunctionalitiesarethemostattractivesegments,owingtotherapidadoptionofthesamebyindividuals,small&mediumenterprises,andbythelargeenterprises

  2. Basedonend-useindustry,theBFSIsegmentaccountsofthelargestshareinthemarketowingtoitsimportanceandbeingtheintegralpartofthesecurityandverificationsystems.Basedonend-useindustry,theBFSIsegmentaccountsofthelargestshareinthemarketowingtoitsimportanceandbeingtheintegralpartofthesecurityandverificationsystems. • NorthAmericaaccountedfornearly39.3%shareoftheglobalbiometricauthenticationmarketin2018 • AskforCustomization:https://www.alltheresearch.com/customization/339RecentNews: • InOct2019,ThalesGroup(Gemalto)fingerprintcardshavebeenselectedfora3-monthtrailrunbyUKbankNatWestforits150customerstoeasethepayment&verificationprocess. • InAug2019,PreciseBiometricsannouncedYOUNiQfacialrecognitionsolutionfor • building&officesdooraccesscontrolsystems. • InFeb2019,Gemalto,FingerprintCards,PreciseBiometricsandSTMicroelectronicsintroducedthefirstend-to-endsecurityarchitectureforbiometricfingerprintauthenticationatMWC2016. • FullReportAccess:https://www.alltheresearch.com/report/339/global-biometric-authentication-market-segment-analysis-opportunity-assessment-competitive-intelligence-industry-outlook-2016-2026 • AboutAlltheResearch: • AllTheResearchwasformedwiththeaimofmakingmarketresearchasignificanttoolformanagingbreakthroughsintheindustry.Asaleadingmarketresearchprovider,thefirmempowersitsglobalclientswithbusiness-criticalresearchsolutions.Theoutcomeofourstudyofnumerouscompaniesthatrelyonmarketresearchandconsultingdatafortheirdecision-makingmadeusrealize,thatit’snotjustsheerdata-points,buttherightanalysisthatcreatesadifference. • ForallyourResearchneeds,reachouttousat: • 39180LibertyStreetSuite110,Fremont,CA94538,USAContactPerson:Rohan • Email:contactus@alltheresearch.comUS:1-888-691-6870

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