Global Biometrics Market in BFSI Sector is Predicted to Grow at a CAGR of 20% during the 2016 to 2020 MarketResearchReports.biz has recently announced the addition of a market study “ Global Biometrics Market in BFSI Sector 2016-2020 �, is a comparative analysis of the global market. About Biometrics Market in BSFI Sector Security of data and financial assets have been a key concern for banks as well as for customers. Numeric keypads, keys, and identity badges were widely used to prevent unauthorized access to data and premises. With technological advancements, two-factor authentication was introduced, where individuals could gain access to secure premises after they are authenticated twice, via hardware devices and numeric codes. However, hackers can gain access to hardware devices and obtain numeric codes, which increases the security risks, especially in the BFSI sector. Technavios analysts forecast the global biometrics market in BSFI sector to grow at a CAGR of 20% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global biometrics market in BSFI sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions in the BFSI sector, including insurance companies to mitigate insurance claim frauds. The market is divided into the following segments based on geography: APAC Europe MEA North America South America Technavio's report, Global Biometrics Market in BSFI Sector 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Cross Match Technologies Fujitsu HID Global M2SYS Technology Safran Other prominent vendors ACTAtek BioEnable BioID BioLink Solutions Hitachi, 4G Identity Solutions Nuance Communications Suprema Market driver Increase in digitization of banking services For a full, detailed list, view our report Market challenge High cost of deployment restricts adoption For a full, detailed list, view our report Market trend Adoption of vein recognition in ATMs and POS terminals For a full, detailed list, view our report Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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Table Of Content PART 01: Executive summary Highlights PART 02: Scope of the report PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights Applications of biometrics in BFSI sector Biometrics authentication in smartphones PART 05: Market description Biometrics workflow Components of biometrics Comparison of biometrics technologies in BFSI sector Advantages and disadvantages of biometrics PART 06: Market landscape Market overview PART 07: Technology life cycle Technology life cycle in BFSI sector Global biometrics market Share of BFSI sector in global biometrics market Global biometrics market in BFSI sector PART 08: Market developments PART 09: Market segmentation by technology Global biometrics market in BFSI sector by technology Global fingerprint identification market in BFSI sector Global facial recognition biometrics market in BFSI sector Global vein recognition biometrics market in BFSI sector Global iris recognition biometrics market in BFSI sector Global voice recognition biometrics in BFSI sector PART 10: Geographical segmentation Global biometrics market in BFSI sector by geography Global biometrics market in BFSI sector by geography (revenue)
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