Tuesday, September 22, 2015

Next Generation Biometrics Technology Analysis & Forecast

Next Generation Biometrics Market Analysis by Type of Authentication (Single Factor, Multi-Factor, Multi-Modal); Biometric Type (IRIS, Face, Fingerprint, Vein); By Application (Banking, Government, Consumer Electronics, Retail) - Forecast (2015 – 2020)

Browse 135 Market Tables & 47 Figures spread through 260 Pages and an in-depth TOC on “Next Generation Biometrics Market”: http://industryarc.com/Report/1308/next-generation-biometrics-market-analysis.html

The Next Generation Biometrics System is very expectedly going to be much more successful than the current trends in the Biometrics Systems. Biometrics is basically the measurement of physiological traits such as finger print, voice, face, iris, and more. Biometrics is a Smart Device that recognizes patterns which uses the mathematical algorithms to identify and authenticate an individual by measuring and analyzing the already fed biometric data of those individual traits. These are reliable and accurate than any other security devices owing to the non-duplicity of the individual traits.

Biometric Authentication has become one of the most vital parts of security due to an increase in unauthorized immigration, visa frauds, border intrusion, and so on.

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Market Brief:

According to IndustryARC, the Next Generation Biometrics Market was $5.9 Billion in 2014 and is growing at a healthy CAGR of 22% during the forecast period 2015-2020. Clearly, the increasing demand for security across all regions of the world along with convenience in a cost effective device is the key driver for the market.

Most Hopeful Market Segment: Presently, Consumer Electronics is the most potential market segment. With lot of scope and innovation in this area, the global players are already putting much effort to launch new products and gain competitive advantage over the market. Geographically, Emerging Regions hold high potential value and present good amount of opportunities for players in the market. Enterprises and Healthcare sectors are the growth segments in these regions apart from government market and consumer electronics market.

Geography wise: Americas dominated The Next Generation Biometrics Market in 2014 followed by Europe. APAC and RoW regions are the growth regions pacing at higher annual growth rates. With greater disposable income and high demand from consumer end, these regions are projected to witness quick growth in the market. Apart from these, government initiatives in law enforcement and defense also immensely hike the market value.

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REPORT SCOPE:

The Next Generation Biometrics Market is studied across various applications such as Banking, Consumer Electronics, Government, Healthcare, Hospitality, Retail, Gaming, Residencies is incorporated in the report. Apart from researching the basic segments of the market, the report analyses the strategic opportunities, life cycle of industry, market landscape and similar others. Furthermore, the market is evaluated based on the key attributes such as the power of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.

Market Segmentation:

The Next Generation Biometrics Systems Market is a compact Industry and segmented into 3 types based on the following factors:
  • By Type: Single Factor Authentication and Multi Factor Authentication
  • By Application: Banking, Consumer Electronics, Enterprises &Corporations and Others.
  • By Geography: Americas, APAC and ROW.


Each of these above segmentations is split into further sub segments like: IRIS, Fingerprint, Face, and Pin etc.

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Key Players:

Key Players are studied in depth in this market research report. Few notable companies are:
  • 3M COGENT, Inc.
  • Bio-Key, International Inc.
  • Cross Match Technologies
  • CMI Tech Company, Ltd.
  • Fujitsu Limited.


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