Biometrics is the technology used for the purpose of authentication and verification. Biometrics measure and analyze both physiological and behavioral characteristics such as DNA, fingerprints, eye retinas and irises, voice patterns, facial patterns, vein and signature patterns and hand measurements for authentication or identification purposes of a human being..
Initiatives taken by the governments across the world to adopt biometrics systems for the purpose of identification and verification, introduction of e-passports, use of biometrics in criminal identification are some of the drivers that are fueling growth of the next generation biometrics market. Use of biometrics in e-commerce and cloud computing solutions for biometrics are the key opportunity areas for the market.
The next generation biometrics market is expected to reach $24.4 Billion by 2020, at a CAGR of 17.9% between 2015 and 2020. Travel & immigration is the leading application for the market. Safran SA (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), and Suprema Inc. (U.S.) are major players in the next generation biometrics market.
This report describes the value chain for the next generation biometrics market by considering all the major stakeholders in the market and their roles in the analysis. The report also provides a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It covers a brief description of the major players that are active in the biometrics market. It also covers the competitive landscape of these players which includes the key growth strategies and recent developments.
Scope of the Report
This research report categorizes the next generation biometrics market based on technology, function, application, and geography.
The next generation biometrics market has been segmented on the basis of technology which includes face recognition, fingerprint recognition, iris recognition, palm print/hand recognition, hand geometry recognition, voice recognition, signature recognition, DNA recognition, vein recognition, and others.
The next generation biometrics market has been further segmented on the basis of function which includes contact and non-contact biometrics technologies.
The next generation biometrics market has been segmented on the basis of application such as government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, security, and others.
Geographically, the market has been segmented into North America (the U.S., Canada, and Mexico), Europe (Germany, Italy, Spain, the U.K., France, and others), APAC (China, Japan, India, South Korea, and others), and Rest of the World (the Middle East and Africa).
The report covers the market data and information regarding the market drivers, trends, and opportunities, key players, and competitive outlook. In addition, it profiles major companies involved in the next generation biometrics market, which includes their overview, products and services, financials, strategies, SWOT analysis, and recent developments.