Next Generation Biometrics Market Analysis: By Type of Authentication (Single Factor, Multi-Factor, Multi-Modal); Biometric Type (IRIS, Face, Fingerprint, Vein); By Application (Banking, Government, Consumer Electronics, Retail) - Forecast (2015 - 2020) Published on – 23 July, 2015 | Number of pages : 260 Single User Price: $4250 The research methodology used to estimate and forecast Next Generation Biometrics Market Analysis begins with capturing data on key vendor revenue through the secondary research.
Summary of the Report: Biometrics is the measurement of physiological traits such as finger print, voice, face, iris, and so on. Biometric devices are pattern recognition systems which use the mathematical algorithms to identify and authenticate an individual by measuring and analyzing the already fed biometric data of those individual traits. These are reliable and accurate than any other security devices owing to the nonduplicity of the individual traits.
The Next Generation Biometrics Market Report is an exhaustive study of the biometric devices and sensors that are utilized across several industries. The market is primarily classified into: Single factor and Multi-factor.
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Topics Covered in this report : The Single Factor Type Consists of Technology Such as: • • • •
Iris Face Fingerprint Palm and others
The Multi-Factor Type Includes different Combinations Such as: • • • •
Fingerprint and Card/PIN, Face and PIN/Card, Face and Palm, Iris and Fingerprint and others.
The Biometrics Market is studied across various applications such as Banking, Consumer Electronics, Government, Healthcare, Hospitality, Retail, Gaming, Residencies is incorporated in the report. Additionally, the report analyses the strategic opportunities, life cycle of industry, market landscape and similar others. Furthermore, the market is evaluated based on the key attributes such as the power of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The Market was estimated to be $5.9 billion in 2014 and is growing at a healthy CAGR of 22% during the forecast period. The increasing demand for security along with convenience in a cost effective device is the key driver for the market. Currently, Consumer Electronics is the most potential market segment. There is lot of scope and innovation in this segment, where already global players are putting efforts to launch new products and gain competitive advantage. Geographic wise, emerging regions hold high potential value and present good amount of opportunities for players in the market. Enterprises and Healthcare sectors are the growth segments in these regions apart from government market and consumer electronics market.
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Americas dominated the market in 2014 followed by Europe. APAC and RoW regions are the growth regions pacing at higher annual growth rates. With greater disposable income and high demand from consumer end, these regions are projected to witness quick growth in the market. Apart from these, government initiatives in law enforcement and defense also immensely hike the market value. The market is characterized by established brands with high revenue; high R&D capital reserves and well instituted distribution channels. But, the market place is also being disrupted by firms with innovative solution that have emerged to solve specific problems. With cost effective solutions offering greater security, companies will be able to position themselves uniquely. In this market, border control application for multi-modal devices and government application in emerging countries are the opportunities for the players.
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Next Generation Biometrics Market Analysis: By Type of Authentication (Single Factor, Multi-Factor, Multi-Modal); Biometric Type (IRIS, Face, Fingerprint, Vein); By Application (Banking, Government, Consumer Electronics, Retail) - Forecast (2015 - 2020) A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Next Generation Biometrics Market Analysis and future opportunities are provided in the report.
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