Thursday, April 17, 2014:
Research and Markets has announced the addition of the "Next Generation Biometric Market by Technology, Function, Application & by Geography - Forecasts & Analysis 2014 - 2020" report to their offering.
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.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.
Travel & Immigration
Total revenue of the global biometric market is expected to grow at an estimated CAGR of 17.6% from 2014 to 2020.
Impact analysis of the market dynamics, with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes.
Analysis of the global market with a special focus on the high-growth applications in each vertical and the fast growing application market segments.
Detailed analysis of the mature and emerging markets by application, technology, and geography.
The key trends related to the function, technology, and applications that shape and influence the market.
Illustrative segmentation, analysis, and projection of the important geographical markets to give an overall view of the global market.
Detailed competitive landscape with an identification of the key players in the market.
Competitive intelligence from company profiles, key player strategies, and game-changing developments such as product launches and acquisitions.
Identification of emerging trends and analysis of opportunities in the market for the stakeholders by identifying the high-growth segments of the biometric market.
Brief analysis of Porter's five force analysis.
Key Topics Covered:
Biometric Technology Market, By Type
Biometric Technology Market, By Application
Biometric Application Market, By Technology
Biometric Technology Market, By Function
Biometric Technology Market, By Geography
Cross Match Technologies, Inc
Fingerprint Cards Ab
Rcg Holdings Limited
Validsoft Uk Ltd