Biometric Authentication and Identification Market 2018 Global Industry Analysis By Size, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2027

“Biometric Authentication and Identification Market”
Market Research Future published Half Cooked research report on “Global Biometric Authentication & Identification Market Report – Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027

Market Highlights:

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

  • 3M Cogent,
  • Anviz Global,
  • Apple INC,
  • Aware INC,
  • Bio-Key International INC,
  • Cognitec Systems,
  • Crossmatch Technologies,
  • Diamond Fortress Technologies,
  • Fingerprint Cards AB, Fujitsu Global, Synaptics INC, etc

The global Biometric Authentication and Identification Market has evolved though several advancements both in hardware and software. The massive proliferation of Smartphones and tablets has been largely responsible for ramping up the sales for the global market.

Industry Updates

In June 2018, Samsung SDS announced the integration of IDVoice and IDBehave solutions from New York-based ID R&D to its biometric platform. IDvoice is a voice recognition authentication system while IDBehave is a behavioral biometric system.

In June 2018, Nuance Communications introduced biometric caller identification to the Czech Republic. The bank is the first one to use voice authentication for customer identification.           

Competitive Analysis

Biometric devices and applications have marked its presence in government organizations, private outfits and institutional setups across the globe. It has become a primary identification method for civil application in many developed as well as developing countries. Biometrics is extensively being used in high security physical as well as logical access. High security military area, nuclear reactors, weapon development facilities, etc. are using biometrics to safeguard the facility and keep intruders away. It is also being used in border control, where identity of people, seeking entry in a country, are verified against what is on record, and unknown people are identified with automated biometric recognition. Biometric devices and applications seem to taking over the world by storm, however, in terms of market penetration, they are still their infancy.                                                                                                                                    

Regional Analysis

The key markets of the global biometric authentication and identification market are North America, Europe, Asia-Pacific, and the Middle East & Africa. North America is the leader in the biometric authentication and identification market followed by Europe and Asia-Pacific. Considerable investments in security systems at airports and borders by customs and border protection (CBP), has led the market for biometric systems in North America. Asia-Pacific region is expected to exhibit rapid growth over the forecast period owing to ID enrollment projects initiated in countries such as China and India. The Middle East & Africa market holds a relatively smaller share of the market but is expected to grow at a fast rate over the forecast period.

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Segmentation

The global biometric authentication and identification market has been segmented based on authentication type, motility, component, and application. By authentication type, the market has been segmented into single factor authentication and multi-factor authentication. The single factor authentication segment is further segmented into Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Vein Recognition, and Signature Recognition. The multi-factor authentication segment is further segmented into Biometrics combined with Smart Card Technology, and Biometrics combined with Pin Technology. By motility, the market has been segmented into fixed and mobile. By component, the market has been segmented into hardware which comprises of Fingerprint readers, Scanners, and Camera. By application, the market has been segmented into Enterprise, Banking and financial institutions, Government, Healthcare, Consumer electronics and Retail and commerce among others.

Study Objectives of Biometric Authentication & Identification

To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Biometric Authentication & Identification market

To provide insights about factors affecting the market growth

To Analyze the Biometric Authentication & Identification market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

To provide country level analysis of the market with respect to the current market size and future prospective

To provide country level analysis of the market for segment by Products, Application, Technology and its sub-segments.

To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

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