Biometrics Spending in Government Market Experience Huge Revenue | Leading Key players 3M Cogent, BioEnable

HTF MI recently introduced Global Biometrics Spending in Government Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are 3M Cogent, BioEnable, Cross Match Technologies, NEC & Safran etc.

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Rapid technological advancements in the field of biometric recognition and identification systems along with advancements in computing and other supporting fields, fueled companies spending significantly on research and development in the biometric systems domain. Such technical accomplishments have stemmed from a strong emphasis on the application of such technologies by national governments, which have in turn resulted in a sharp decline in prices of scanning devices and associated components, in the process providing further impetus to investment in the sector.

Security of data and assets has been a key concern for enterprises, banks, government organizations, telecommunications, hospitals, as well as individuals. Keys, identity badges, and numeric keypads were previously being used to prevent unauthorised access. Technological advancements resulted in the introduction of two-factor authentication, wherein individuals could gain access to secure premises after being authenticated using two different components, such as hardware devices and numeric codes. However, hackers also could easily gain access to hardware devices and obtain numeric codes.

In 1999, biometrics was introduced to identify individual traits based on behavioural and physiological characteristics of individuals that could not be replicated easily. It includes voice recognition, palm geometry recognition, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Also, biometrics are considered to be more reliable compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or forgotten by an individual. Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one process used to match biometric traits of an individual against a particular template. However, identification is a matching process where the biometric traits of an individual are matched against all templates in the database to determine an individual's identity.

In 2017, the global Biometrics Spending in Government market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.

This report studies the Global Biometrics Spending in Government market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Global Biometrics Spending in Government market by companies, region, type and end-use industry.

Browse 100+ market data Tables and Figures spread through Pages and in-depth TOC on " Biometrics Spending in Government Market by Type (Fingerprint Identification, DNA Analysis, Iris Recognition, Facial Recognition & Voice Recognition), by End-Users/Application (Hardware in the Government Sector, Software in the Government Sector, Integrated Solutions in the Government Sector & Services in the Government Sector), Organization Size, Industry, and Region - Forecast to 2023". Early buyers will receive 10% customization on comprehensive study.

In order to get a deeper view of Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players (2013-2018), Revenue Market Share (%) by Players (2013-2018) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

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Competitive Analysis:
The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as 3M Cogent, BioEnable, Cross Match Technologies, NEC & Safran includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.

Market Segments:
The Global Biometrics Spending in Government Market has been divided into type, application, and region.
On The Basis Of Type: Fingerprint Identification, DNA Analysis, Iris Recognition, Facial Recognition & Voice Recognition.
On The Basis Of Application: Hardware in the Government Sector, Software in the Government Sector, Integrated Solutions in the Government Sector & Services in the Government Sector
On The Basis Of Region, this report is segmented into following key geographies, with production, consumption, revenue (million USD), and market share, growth rate of Biometrics Spending in Government in these regions, from 2013 to 2023 (forecast), covering
• North America (U.S. & Canada) {Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis}
• Latin America (Brazil, Mexico & Rest of Latin America) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}
• Rest of World {Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis}

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Have a look at some extracts from Table of Content

Introduction about Global Biometrics Spending in Government

Global Biometrics Spending in Government Market Size (Sales) Market Share by Type (Product Category) in 2017
Biometrics Spending in Government Market by Application/End Users
Global Biometrics Spending in Government Sales (Volume) and Market Share Comparison by Applications
(2013-2023) table defined for each application/end-users like [Hardware in the Government Sector, Software in the Government Sector, Integrated Solutions in the Government Sector & Services in the Government Sector]
Global Biometrics Spending in Government Sales and Growth Rate (2013-2023)
Biometrics Spending in Government Competition by Players/Suppliers, Region, Type and Application
Biometrics Spending in Government (Volume, Value and Sales Price) table defined for each geographic region defined.
Global Biometrics Spending in Government Players/Suppliers Profiles and Sales Data

Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers

Market Sales, Revenue, Price and Gross Margin (2013-2018) table for each product type which include Fingerprint Identification, DNA Analysis, Iris Recognition, Facial Recognition & Voice Recognition
Biometrics Spending in Government Manufacturing Cost Analysis
Biometrics Spending in Government Key Raw Materials Analysis
Biometrics Spending in Government Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
Market Forecast (2018-2023)
........and more in complete table of Contents

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