According to the Report “Biometrics Market in Europe 2014-2018”, Biometrics is a technology which helps to assess individuals on the basis of their physical or behavioral patterns. It involves the verification and identification of both physiological traits such as fingerprints, face recognition, DNA, palm print, hand geometry, and iris recognition, and behavioral traits such as keystroke patterns and speech pattern/voice recognition. The data derived are then used for security and authentication purposes, as it is difficult to forge biometric data. Biometrics is mainly used for law enforcement, banking authentication, and providing physical access. It helps provide an extra layer of security for data access and individual identification.
Analysts forecast the Biometrics market in Europe will grow at a CAGR of 17.25 percent during the period 2013-2018.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Biometrics market in Europe for the period 2013-2018. To calculate the market size, the report considers revenue generated from the sales of biometrics solutions. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Biometrics market in Europe. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
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3M Cogent Inc.
Cognitec Systems GmbH
Other Prominent Vendors
BIO-Key International Inc.
Biometix Pty Ltd.
Cross Match Technologies Inc.
Key Market Driver
Need for Advanced Security in the Government Sector.
Key Market Challenge
Strong Competition from Inexpensive Non-biometric Technologies.
Key Market Trend
Integration of Biometrics in ATMs.
Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?