Title: Global Biometrics Market in Retail Sector is Projected to Grow at Remarkable Rate of above 21.30% by 2020 Short Summary Global Biometrics Market in Retail Sector 2016-2020 Size and Share Published in 2016-01-13 Available for US$ 2500 at Researchmoz.us Description Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft. Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition. Technavios analysts forecast the global biometrics market in the retail sector to grow at a CAGR of 21.30% 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 the retail sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market. The market is divided into the following segments based on technology: Fingerprint identification Facial recognition Hand geometry Vein recognition Technavio's report, Global Biometrics Market in Retail Sector 2016-2020, has been prepared based on an in-depth 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 Crossmatch Technologies Honeywell Security M2SYS Technology NEC Safran Suprema
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Other prominent vendors Allegion Ayonix BIO-key Biometric Time Clock Systems Cognitec Systems eSSL Security ePortID FingerCheck FUJITSU Herta Security TimeLabs Trac-Tech Tyco.
Market driver Emergence of contactless biometrics For a full, detailed list, view our report
Market challenge Security concerns For a full, detailed list, view our report
Market trend Incorporation of biometric workforce management systems at retail stores 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 Market overview PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market description Working of biometrics Biometric technologies used in retail sector Applications of biometrics in retail sector Advantages and disadvantages of biometrics in retail sector PART 06: Market landscape Market overview Product life cycle of biometric technologies in retail sector Share of retail sector in the global biometrics market Global biometrics market in retail sector
Five forces analysis
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