The leading companies in the biometric market covered in the report are 3M (U.S.), Cross Match Technologies (U.S.), Facebanx (U.K.), Fingerprint Cards AB (Sweden), Fujitsu Ltd (Japan), Fulcrum Biometrics (U.S.), NEC Corporation (Japan), RCG Holdings LTD. (Hong Kong), Saffran SA (France), Siemens Ag (Germany), Suprema Inc. (South Korea), Thales Group SA (France), Validsoft (U.K.).
According to the new market research report "Next Generation Biometric Market by Technology (Fingerprint, Palm, Face, Iris, Vein, Voice & Signature), Function, Application (Government, Defense, Travel & Immigration, Home Security, Banking, Consumer Electronics & so on) & Geography - Forecasts & Analysis 2014 - 2020", published by MarketsandMarkets, the biometric market will be worth $23.54 Billion by 2020 at an estimated CAGR of 17.6%.
Browse 158 market data Tables, 59 Figures spread through 352 Pages and in-depth TOC on "Next Generation Biometric Market".
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Biometric' implies the identification or authentication of humans by their traits such as face, fingerprint, voice, iris, palm, DNA, and signature. Biometric authentication has become the most important part of security due to an increase in unauthorized immigration, visa frauds, border intrusion, and so on. It has increasingly been getting deployed at all the security checkpoints of airports, stations, commercial complex, retail malls, and so on. Biometric technology provides accurate authentication and negligible margin of duplicity or error.
This report describes the various types of Next Generation Biometric Market such as face, fingerprint, iris, voice, signature, vein, and DNA recognition that are being used for different applications. Out of all the above types, face, fingerprint, and iris recognition are commonly used in most of the applications. Fingerprint recognition is the oldest type of biometric authentication and can be seen at banks, ATMs, and various government offices.
Scope of the report
This research report categorizes the global biometric technology based on types and applications market; it also covers the forecasted revenue from 2014 to 2020 and future applications of the biometric technology. This report also shows the various activities that are being conducted by different institutes and universities. It describes the deployments of the biometric technology in various regions. The report describes the applications mapping the biometric technology market with respect to the growth potential and adoption by the users.
On the basis of types
The global biometric technology market is categorized into various types such as face, fingerprint, iris/retina, voice, vein, signature, palm-print, and DNA recognition. This report also describes keystroke and GAIT recognition.
On the basis of application areas
Application areas of the biometric technology have been categorized into government, travel and immigration, defense, banking and finance, healthcare, consumer electronics, home security, and commercial security.
Biometric technology market can be categorized into different applications such as government, travel and immigration, banking and finance, consumer electronics, home security, commercial security, and healthcare. The most common application areas in the field of biometric technology are government, banking, finance, travel and immigration, and defense.
Table Of Contents
1.1 Key Take-Aways
1.2 Report Description
5 Biometric Technology Market- By Type
5.2 Face Recognition
5.2.1 Methods of Face Recognition
Biometrics provides a high degree of security and convenience which ensures confidentiality of personal information. This is superior to traditional passwords/PINs as these are easily guessed, forgotten, or copied; tokens can be stolen or misplaced. Biometric technology helps in preventing theft as the information is stored in the form of a digital record in the database which makes it highly impossible to reconstruct, decrypt, or manipulate. Biometric uses biological characteristics or features which are inseparable from a person, thus, reducing the threat of loss or theft.
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