Reportstack has announced a new market research report on the Global Biometrics Market in Transportation Sector 2015-2019, which is expected to grow at a CAGR of 19.1 percent during the forecast period of 2014-2019.
Biometrics implements the physiological and behavioral characteristics of an individual to provide better security. Physiological biometrics is the study of all the physical features of an individual. Physiological biometrics includes facial recognition, fingerprint recognition, DNA analysis, iris recognition, and hand geometry. While behavioral biometrics characteristics includes voice recognition, signature biometrics, and keystroke recognition.
“The use of smartphones coupled with the rise in identity theft is expected to drive the adoption and usage of cellphone-based fingerprint recognition and facial recognition systems during the forecast period,”.
“Apple has implemented a fingerprint reader in its latest iPhone 5S, and Samsung uses facial recognition systems in some of its smartphone models.”
Key Market Drivers
Increased Demand for E-passports
Increase in Security Concerns
Increase in Identity Theft
Less Expensive Systems
Key Market Trends
Integration of Biometrics in Smart Cards
Emergence of Cellphone-based Biometrics
Increased Adoption of Multimodal Biometrics
Key Market Vendors
3M Cogent Inc.
Cross Match Technologies Inc.
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To access full report with TOC, please visit Global Biometrics Market in the Transportation Sector 2015-2019.