The
global market is expected to reach a value of USD 23.3 billion by
2019, at a CAGR of 20.8% from 2013 to 2019.
Increasing
security concerns due to the rising terror attacks and crimes have
created a need for high level security. In addition, the rising
government initiatives such as e-passport, national identification
programs etc. and various border control projects such as European
Dactyloscopy (EURODAC), Visa Information Systems (VIS) and new
generation Schengen Information System (SIS II) have helped to boost
the biometrics technology market. However, privacy concerns and high
cost of biometrics system may hinder the growth of this market.
Furthermore, increasing usage of multimodal biometrics to enhance the
security level is expected to create huge opportunities for this
market in the upcoming years.
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the full report at with complete TOC Biometrics Technology Market
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By
application type, the non-AFIS biometrics systems accounted for
largest revenue share of 41.40% of the overall biometrics technology
market in 2012. With the advancements in technology, silicon sensor
prices used for fingerprint recognition have fallen considerably.
Such enduring advancements have made the sensors more efficient and
have resulted in lowering the production costs and expanding their
application in broader range of devices. As a result, non-AFIS
systems have become cost effective as compared to the earlier ones.
In addition, due to their user friendliness, they are largely
deployed in smart phones and laptops. Iris recognition segment is
expected to grow at the highest CAGR of 28.6% by 2019. This is due to
high accuracy level and stability possessed by iris.
In
case of end use segment, transport/visa/logistics and government
segments together accounted for more than 50% of the overall
biometrics technology market in 2012. This was due to the increasing
need for examining the traveler's credentials. As a result, this end
use segment is expected to dominate the other end use segments by
2019. With the increasing usage of internet banking for transactions,
biometrics technology is largely being deployed in the banking and
finance sector. Hence, this end use segment is expected to grow at
the highest CAGR during forecast period.
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North
America accounted for 32.1% of the overall revenue share in 2012.
This region is anticipated to uphold its dominating share throughout
the forecast period. Asia Pacific is expected to grow at the fastest
CAGR of 22.0% from 2013 to 2019. With numerous evolving economies in
this region including India, China, Australia and Japan among others,
there is a strong necessity for building infrastructure in terms of
border security and national identification. Hence, the Asia Pacific
biometrics technology market is expected to witness a faster growth
as compared to Europe, the Middle East and North America.
Global
biometrics technology market consists of large numbers of domestic
and multinational distinguished players. In 2012, the global
biometrics industry was dominated by Morpho SA (Safran) with 19.0% of
the market share. Some of the other leading players include 3M
Cogent, NEC Corporation, DigitalPersona and Accu-Time Systems among
others.
The
global biometrics technology market is segmented as below:
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all Press Releases:
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By
Application Type
Face
Hand
geometry
Voice
Signature
Iris
AFIS
Non-AFIS
Others(DNA,
typing rhythms)
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all Article :
http://www.transparencymarketresearch.com/articles.htm
By
End Users
Government
Defense
Services
Banking
and Finance
Consumer
Electronics
Healthcare
Home
Safety & Security
Commercial
Safety & Security
Transport/Visa/Logistics
Others
(Retail, hospitality, gaming and automobile)
By
Region
North
America
Europe
Asia
Pacific
RoW
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