About Biometric Authentication & Identification:
Technology is a dynamic aspect for the physical security industry, especially when it strives to make human life easier and more secure. Biometric devices are security device that capture both physiological and behavioral aspects of human beings. Biometrics authentication is a form of identification and access control used in computer science. It is also used for identifying individual that under inspection. In terms of product, the biometrics devices would include products such as fingerprint scanners, facial recognition devices, vein pattern scanners, iris and retina scanners, voice modulation devices, and multimodal devices among others.
Biometric Authentication & Identification Applications:
Biometric authentication and identification market applications are classified into; Enterprise, Banking & Financial Institutions, Consumer Electronics, Government, Healthcare and Retail & Commerce application. The Government application is the maximum value generator in the market. Border security, immigration, national ID initiatives and other government initiatives generate the value of the Government application of the global biometric authentication and identification market.
Key Market Driver
The global biometric authentication and identification market has evolved though several advancements both in hardware and software. The massive proliferation of Smartphones and tablets has been largely responsible for ramping up the sales for the global market, Growing Popularity of Wearable Technology, Increasing Adoption of E-Commerce Services, Provision of Second/Third Level of Security Using Multimodal Biometric Authentication Systems, Increasing Government Support through Organizations such as DHS (Homeland Security), Increasing Adoption of Biometric Authentication in Banking And Healthcare Sector (E-Banking And Mobile Payments) and Increased Security & Convenience for Consumers. These drivers ensure the fast growth of the Biometric industry. Globally the market for biometric authentication and identification is expected to grow at XX% GAGR (2016-2027).
Biometric Authentication & Identification Market segmentation:
The Biometric Authentication & Identification market can be divided in to following segments.
Segmentation by Modality
· Market statistics
· Classification of biometric systems
· Multimodal biometric systems
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Segmentation by Motility
Segmentation by Application
· Banking and financial institutions
· Consumer electronics
· Retail and commerce
Segmentation by Geography
· North America
· Asia Pacific
Biometric Authentication & Identification Regional Market Information:
North America is the leading market for Biometric Authentication & Identification Market. North American biometrics market is predicted to grow at a CAGR of XX% from 2016 to 2027. In North America United States (U.S.) is one of the earliest adopters of biometrics for authentication and identity verification protocols and systems. The Government segment is accommodating major market share and is forecasted to reach at a great level by 2027 and continues to dominate the market by the end of 2027. However, Consumer Electronics are also expected to grow from 2016 to 2027 as the demand for biometrics integrated smartphones, tablets, and wearable products are increasing
Europe is one of the evolving market for Biometric Authentication & Identification. European countries have for long emphasized on the importance of strong security and authentication tools in their security protocols. Be it the conservative mindset of its residents or the frequent cases of information breach and fraudulent access, biometrics is largely touching base across a host of industry verticals. In Europe the major revenue generating countries for Biometric Authentication & Identification are the U.K., Germany, France, Italy, Spain, and Russia. The European market for Biometric Authentication & Identification is expected to grow at XX% GAGR (2016-2027).
Asia Pacific is poised to become the most sizably voluminous revenue engendering region in the global biometric security systems market surpassing North America, through the forecast years. China, Japan, South Korea, and India are the major revenue engendering countries in the region, thanks to the initiation of multiple government projects and availability of cost efficacious biometric solutions. The prelude of biometrics predicated passports in countries such as Sri Lanka and Philippines will further contribute to the overall magnification of Asia Pacific.
The key Players involved in Biometric Authentication & Identification are 3M Cogent, Anviz Global, Apple INC, Aware INC, Bio-Key International INC, Cognitec Systems, Crossmatch Technologies, Diamond Fortress Technologies, Fingerprint Cards AB, Fujitsu Global, Synaptics INC, etc.
Following are the few developments in companies with Biometric Authentication & Identification
Synaptics Inc. has emerged as a leading market player; with new Fingerprint biometric products such as, ClearPad Single Layer On-Cell (SLOC) capacitive touch solution, Next Generation ForcePad Solution, fingerprint ID technology and many others.
Fingerprint Cards is a leading provider of finger biometrics and had recently launched two new touch fingerprint sensors, FPC1140 and FPC1145 that is to be used in fingerprint biometric products. They had also launched FPC1025 and FPC1155, fingerprint sensors last year, which was a huge success for the company.
The report also covers brief analysis of geographical region that includes:
Rest of Western Europe
Rest of Asia
The Middle East& Africa
The report for Biometric Authentication & Identification of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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