Biometrics is used for the identification of individuals on the basis of their behavioural and physical features. Biometric technologies like fingerprint, iris, retina and face recognition identification systems run on biometric software. The Global Biometric Scan Software Market has seen incredible growth, overcoming challenges over the past few years. The global biometric scan software market is expected to reach $XX billion growing at a CAGR of XX% by 2020. The industry will grow even further mostly because of large investment from private companies in various sectors such as healthcare, construction, finance and consumer electronics. Among the numerous software, voice and speech recognition software is witnessing significant growth and is expected to grow even further. This growth is driven by improvements in storage capacities and biometric algorithms. The phone security market is also becoming a potential place for the deployment of biometric software. Since they do not require any additional hardware other than a smartphone for the working of the software, the biometric software have a large opportunity to grow in this market.
The global biometric scan software market is segmented on the basis of platform, industrial products, end user industries, and geography.
The market is segmented on the basis of various platforms on which these software work namely
On the basis of industrial products, the market has been segmented into various biometric software like
Fingerprint recognition software
Face recognition software
Retinal recognition software
Voice and speech recognition software and many others.
On the basis of end user industries, the market has been segmented into
Finance and Banking
Transport Industry and many others.
Geographically, the market has been segmented into five major regions, namely
Middle East and Africa
Key Players in the market are Apple, Fujitsu, 3M, NEC, BioEnbale Technologies, M2SYS and many others.