The Next Generation Biometric Market to Grow steadily at a CAGR of +23% during the forecast period.
Identification documents and PINs are the traditional method used to identify human identities. However, new generations of biometric methods have evolved as security threats, illegal ATM transactions, unauthorized immigration, and unauthorized penetration across borders increase. Next-generation biometric technology refers to technology used to identify an individual through biological attributes such as facial expressions, voice, palm, fingerprints, signature, iris, vein, and DNA. Fingerprints, iris, and facial recognition are the most commonly used techniques for identification. Veins and DNA recognition are the latest biometric technologies. Biometric traits are permanent and unique. Accuracy, high privacy, ease of use, system-wide uniformity and interoperability are some of the benefits of biometric technology. Biometrics technology enables the storage of information in digital form that is almost impossible to reconstruct.
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Companies Profiled in this report includes, Cross Match Technologies, Facebanx, Fingerprint Cards AB, Fujitsu Ltd, Fulcrum Biometrics, Saffran SA, Siemens Ag, Thales Group SA , Validsoft.
The market is driven by factors such as the growth in e-passport program, government support and extensive use in criminal identification. Growing the need for large scale surveillance at public gatherings and penetration of smartphones will also act as drivers for the global next generation biometrics market.
Next-generation biometric technologies provide high levels of privacy, accuracy, ease of use, interoperability, and uniformity throughout the system. As awareness of the benefits of biometric technology has increased, it has played a decisive role in driving the market for that technology. Biometric technology also allows information to be stored in digital format, which is nearly impossible to convert and reconstruct.
Thanks to its outstanding capabilities, next-generation biometric technologies are used in a variety of applications ranging from healthcare, government, defense and border security to commercial security, travel and immigration, banking and finance. Increasing government funding to introduce biometric technologies across diverse economic sectors has become a key driver of the global next generation biometrics market around the world.
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Some of the factors inhibiting the growth of the global next generation biometrics market are high cost of systems and fear of privacy intrusion. The growing use of biometric technology in e-commerce and cloud computing for biometric technology will serve as an opportunity, fuelling the growth of the global next generation biometric technology market.
- The report showcases current and future trends in the global new generation biometrics market to elucidate the imminent investment pockets in the market
- Segmentation of the global new generation biometrics market provides an in-depth analysis of applications and end users in different regions
- Drivers & opportunities are examined to identify the current factors which are responsible for market growth and upcoming technologies that would boost market growth in the future
- Current and future trends are charted to determine the overall attractiveness of the market
- The report provides details about top competitors and their winning strategies
- Quantitative analysis of the current market and estimations through 2018-2023 would determine the financial caliber of the market
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Table of Contents
Global Next Generation Biometric Market Research Report
Chapter 1 Global Next Generation Biometric Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
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