Top Company Profiles in Next generation biometrics market are SAFRAN SA, SIEMENS AG, SUPREMA INC., THALES GROUP, and VALIDSOFT UK LTD

North America Holds a Major Market Share, Followed by Europe

The market is expected to witness significant growth in emerging economies, such as the Asia-Pacific region, which is estimated to grow steadily over the forecast period. Apart from the consumer electronics and government sector, the healthcare sector is expected to experience a rise in application of next generation biometrics in these regions.

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The growing need for strengthening national security has increased the growth of these systems globally. IRIS Recognition is one of the fastest growing amongst the type of solution as it is easy to use, difficult to forge and is accurate. The iris recognition application in the consumer electronics sector is expected witness the highest growth rate during the forecast period mainly because of the commercialization of various iris scan-based electronic devices, like smart phones, tablets, smart watches, notebooks, and others. Banking Sector is the fastest growing sector among others

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Market Segments:
Next generation biometrics market is segmented by:
1. Type of Solution: Face Recognition, Fingerprint Recognition, IRIS Recognition, Palm Print Recognition, Signature Recognition, Others
2. End-user Industry: Government, Defense, Travel & Immigration, Home Security, Banking & Finance, Consumer Electronics, Healthcare, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• May 2017 - Gemalto announced the closing of the acquisition of 3M's Identity Management Business after approval by the relevant regulatory and antitrust authorities. This strategic acquisition rounds out Gemalto's Government Programs offering by adding biometric technologies and more secure document features and it ideally positions the Company to provide solutions for the promising commercial biometrics market.

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