Biometric Authentication & Identification Market 2019
Market Overview
Biometric authentication & identification refers to an advanced and most efficient security and identity authentication procedure that depends on the unique biological characteristics of people to verify their real identity. There are several biometric authentication & identification technologies. The most popular ones include retina scanning, iris recognition, fingerprint scanning, finger vein ID, facial recognition, and voice identification. Fingerprint scanning can be referred to as the digital version of the traditional ink-and-paper fingerprinting procedure. This technology operates by scanning the details in the pattern of branched and raised areas in a human finger image. Whereas, finger vein identification technology is based on scanning the unique vascular pattern in the human finger.
The following top manufacturers covered in this report
Safran (France)
NEC (Japan)
Thales (France)
Fujitsu (Japan)
ASSA ABLOY (Sweden)
Precise Biometrics (Sweden)
Aware (US)
Secunet Security Networks (Germany)
Cross Match Technologies (US)
Stanley Black & Decker (France)
Cognitec Systems (Germany),
Daon (US)
Facebanx (UK)
BIO-key International (US)
Securiport (US)
M2SYS Technology (US)
Suprema (South Korea)
Qualcomm (US)
Fulcrum Biometrics (US)
VASCO Data Security International (US)
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The advanced facial recognition systems operate with the help of numeric codes, known as faceprints, which are capable to identify about 80 nodal points on a human face. A highly prominent commercial security option, biometric authentication and security systems are well-capable to deliver some Potential advantages, such as robust security solutions through accurate identification and validation of personnel. The advanced biometric authentication & identification systems are an effective security solution for public and private organizations to keep track of employee’s attendance, authentication, and access control. Biometric-based authentication systems deliver more accurate identification, reducing the risk of unwanted data security and other breaches.
When using the biometric authentication & identification systems, access is not granted by smart cards/passwords, but by an individual’s biological characteristics, such as iris scans or fingerprints, and face recognition, which is hard to forge or duplicate. This accurate information helps in ensuring employee security as well as accountability. Integrating advanced biometric authentication. Solutions with the organization’s commercial security procedures can offer a broad range of favourable outcomes. Effectively designed biometric authentication & identification systems are easy to operate and offer accurate outcomes with minimal effort. Further, biometric authentication systems are extremely convenient for both, who are using it and those who manage it. The biometric authentication & identification systems are highly scalable and flexible, these systems can be scaled and customized as per organization requirements.
Market Segmentation
The global biometric authentication & identification system market can be analysed on the basis of system types, application areas, and regional markets. The biometric authentication & identification systems are composed using specialized software and hardware devices. Major industry verticals, including Government, Military & defence, Banking & Finance, Healthcare, Consumer Electronics, Security (residential and commercial security), Travel and Immigration, Automotive, Utility, Industrial, and entertainment, are actively adopting Biometric authentication and identification systems to improve the employee security and integrity. The return on investment in an efficient biometric authentication & identification system is very high. For most industry verticals, these systems are more effective at avoiding the chances of fraud than other security systems. These systems can help organizations to protect their business from several potentially destructive breaches.
Regional Analysis
Based on geography, the global biometric authentication & identification system market can be segmented into North America, Europe, Asia Pacific, and Southeast Asia. Emerging countries in the Asia Pacific, such as India, China, and Japan are expected to offer huge potential to the market players operating in the biometric-based system development industry. North America is the prominent market driving the demand for advanced biometric authentication systems. The growth of the North American market can be attributed to the constantly growing number of industries and increasing incidences of fraud and data security breaches. Other factors, such as improved awareness regarding the benefits of biometric authentication & identification systems and increased demand for residential and commercial security solutions are expected to drive the product demand in the North American region.
Industry News
In April 2019, Thales organization successfully attained acquisition of Gemalto for about EUR 4.8 billion. This acquisition was aimed at establishing a multinational security organization, to offer advanced biometric authentication, identification, and other digital security technologies to significant infrastructure providers, such as banking organizations, telecom, IT companies, government offices, and other utilities.
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Table of Contents –Analysis of Key Points
1 Biometric Authentication & Identification Market Overview
2 Manufacturers Profiles
3 Global Biometric Authentication & Identification Market Competition, by Players
4 Global Biometric Authentication & Identification Market Size by Regions
5 North America Biometric Authentication & Identification Revenue by Countries
6 Europe Biometric Authentication & Identification Revenue by Countries
7 Asia-Pacific Biometric Authentication & Identification Revenue by Countries
8 South America Biometric Authentication & Identification Revenue by Countries
9 Middle East and Africa Revenue Biometric Authentication & Identification by Countries
10 Global Biometric Authentication & Identification Market Segment by Type
11 Global Biometric Authentication & Identification Market Segment by Application
12 Global Biometric Authentication & Identification Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
Continued….
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