Biometric Technology Market - Analysis, Size, Share, Growth, Trends, and Forecast To 2022 – by Credence Research
According to a new market report published by Credence
Research Inc “Biometrics Technology Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 -
2022,” the biometrics technology market is expected to reach US$ 34.5 Bn
by 2022, with its increasing adoption in both public as well as private
sectors. Governments of the countries across the world are adopting biometrics
technologies for access authorization, identification and verification,
e-passport management and national border control projects. This is the primary
factor influencing the growth of biometrics systems market. In addition,
biometric systems are increasing being used in attendance management in
business organizations, residential and commercial security applications and
for online banking transactions. Biometric technology is also increasingly used
in electronic devices and motor vehicle for access management. Rising adoption
of biometrics technology due to increasing security concerns is the key factor
expected to influence the demand for biometrics solutions throughout the
forecast period.
Browse Full Report At :
The biometrics technologies are
classified into face recognition, hand geometry recognition, voice recognition,
signature recognition, iris recognition, automated fingerprints identification
systems (AFIS), non-AFIS and others. Non-AFIS systems accounted for the
majority of revenue share in 2012 as they are less expensive and convenience
than other biometrics technologies. Iris recognition systems are expected to
see the fastest growth as they offer higher level of security and stability.
Hand geometry systems is also expected to see a significant growth through the
forecast period with its increasing adoption in business organization for
attendance management application
Transportation and immigration
represents the largest end use segment for biometrics technology in 2014.
Increasing deployment of security solutions at air ports and public
transportation facilities is further expected to increase the demand for
biometric solutions from this segment. In addition, significant demand for
biometric technologies is expected from banking and finance and government
sector with rising fraud and security concerns in these sectors.
Asia pacific expected to see the
fastest growth with increasing adoption of biometrics technologies particularly
in India and China. North America accounted for the largest revenue share
followed by Europe in 2014. In North America and Europe, banking and financial
industry represents a lucrative market segment for biometrics technology. The
global biometrics industry is concentrate with large number of multinational
players. Some major players in this industry include Morpho SA (Safran), NEC Corporation,
3M Cogent, BIO-Key International, Inc., Fujitsu Limited and Siemens AG
About Us:
Credence Research is a worldwide market research and
counseling firm that serves driving organizations, governments, non-legislative
associations, and not-for-benefits. We offer our customers some assistance with
making enduring enhancements to their execution and understand their most
imperative objectives. Over almost a century, we’ve manufactured a firm
extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more
than 15 research consultants and almost 100 research and information
professionals.
Our customers mirror our worldwide nature. Around 45% are
in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East
and Africa.
Our firm is intended to work as one. We are a solitary
global research organization united by a solid arrangement of qualities,
concentrated on customer effect.
What we do
We serve customers at each level of their organization, in
whatever limit we can be most helpful, whether as a trusted counsel to top
management or as a hands-on mentor for forefront representatives. For each
engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering
functional and persevering results, and preparing our customers to develop and
lead. We join forces with customers to place suggestions into practice. Our
research specialist work straightforwardly with customers over long stretches
to create workforce aptitudes, drive operational change, and apply new working
strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: +1-800-361-8290
Post a Comment