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Market Report on Biometric technology Market worth $23.54 Billion by 2020

Biometric technology is an advanced technique for the identification of humans, based on their characteristics or traits. These traits can be face, fingerprint, iris, voice, signature, palm, vein, and DNA. The existing methods of human identification such as identification documents and PIN are not able to cope up with the growing demand for stringent security, which gives a high growth opportunity for the use of the biometric technology. This technology is very popular also because biometric characters such as face, fingerprint, hand, and so on cannot be lost, stolen, or easily forged.

This report deals with all the driving factors, restraints, and opportunities for the biometric technology market which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of biometric technology. This report provides the competitive landscape of the players which covers key growth strategies followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to the biometric technology industry. The report formulates the entire value chain of the biometric technology market; right from the manufacturer to the customer. It also analyzes the biometric technology market with the help of Porter’s five-force model.

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.

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The report also throws light on the various application areas of biometric technology such as government, banking and finance, travel and immigration, defense, consumer electronics, home security, commercial security, and healthcare. Biometric technology is slowly spreading across all the industries wherever security is of the prime concern. Biometric technology is largely deployed in the application areas such as government, travel and immigration, banking and finance, and defense. The government applications cover voting, personal ID, license, building access, and so on, whereas, travel and immigration use biometric authentication for border access control, immigration, detection of explosives at the airports, and so on. Banking and finance sector use biometric authentication for account access, ATM security, and so on.

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.

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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.K.), NEC Corporation (Japan), RCG Holdings LTD (Hong Kong), Saffran SA (France), Siemens Ag (Germany), Suprema Inc. (South Korea), Thales Group SA (France), and Validsoft (U.K.).

Browse Related Report 

Multi-Factor Authentication Market by Model/Type (Two, Three, Four & Five-Factor), Application (Banking & Finance, Government, Defense, Healthcare and others), & by Geography - Global Trend & Forecast to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/multi-factor-authentication-market-877.html

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