As the global population is becoming more concerned for security and safety, the biometrics authentication and identification market is booming at rapid growth rate and is adopted by almost all applications such as Government, Healthcare, Enterprises, Banking and Financial Institutions, Consumer Electronics and Retail and Commercial verticals.
The global biometrics market trends are shifting towards mobile biometrics devices from fixed biometrics devices, and also, the trend of touch-less biometrics is emerging. The biometric devices capture both physiological and behavioural aspects of human beings. In terms of product, the biometrics devices would include products such as fingerprint scanners, facial recognition devices, vein pattern scanners, iris and retina scanners, voice modulation devices, and multimodal devices among others. The integration of biometrics devices in wearable products and rise of portable biometrics devices are the factors that are driving the market.
The biometric authentication and identification market has a very high potential in future. The upcoming wave of biometrics devices is likely to shake number of industries such as Healthcare, Retail and Commerce, Banking and Financial Institutions, Consumer Electronics and many others. Some of the challenges that these devices faced include expensive products, privacy concerns, and acceptance of technical up gradation.
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Major Key Players
Bio-Key International INC,
Diamond Fortress Technologies,
Fingerprint Cards AB, Fujitsu Global, Synaptics INC, etc.
North America lead the market for global Biometric Authentication & Identification Market in 2016, followed by Europe and Asia Pacific. The North America has made considerable investments in setting up biometrics-based security solutions at its borders and airports through its customs and border protection (CBP), a government agency to monitor the influx of immigrants and tourists. All these developments have led to the growth of the biometric system market in North America.
Asia Pacific is adapting biometric systems at a very rapid speed. Ongoing government projects which include issuance of e-passports & visas, and unique identification cards under the Aadhar System (in INDIA), have played a major role in boosting demand for biometric systems in Asia Pacific. Growing digitization in the government sector is expected to further propel use of biometric technology in the country over the next five years
Segmentation by authentication type: Comprises Single Factor Authentication (Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Vein Recognition, Signature Recognition), Multi-Factor Authentication (Biometrics combined with Smart Card Technology, Biometrics combined with Pin Technology)
Segmentation by Motility: Comprises Fixed and Mobile
Segmentation by component: Comprises hardware (Fingerprint readers, Scanners, Camera)
Segmentation by Application : Comprises Enterprise, Banking and financial institutions, Government, Healthcare, Consumer electronics and Retail and commerce among others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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