Global Biometric System Market is expected to reach USD 33.5 Billion by 2019-2025 | Major Players-Thales Group, Cognitec Systems GmbH, Crossmatch., Fulcrum Biometrics, LLC., Daon, Facebanx, SUPREMA., IRITECH, INC., M2SYS Technology
A profound knowledge of industrial unanimity, market trends and incredible techniques utilized in GLOBAL BIOMETRIC SYSTEM MARKET report gives client’s an upper hand in the market. All this helps to enhance the company’s growth, by subsidizing the risk and improving their performance. The report provides company profiling of key players in the ABC industry, carefully analyzing their core competencies, and drawing a competitive landscape for the market. GLOBAL BIOMETRIC SYSTEM MARKET research report is an ideal guide to attain an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behavior.
Major Market Competitors/Players: Global Biometric System Market
Some of the major players operating in the global biometric system market are-Safran, NEC Technologies India Private Limited, FUJITSU, Aware, Inc., Gemalto Cogent, Inc., BIO-key International, Inc., Precise Biometrics AB, secunet Security Networks AG., Thales Group, Cognitec Systems GmbH, Crossmatch., Fulcrum Biometrics, LLC., Daon, Facebanx , HID Global Corporation/ASSA ABLOY AB., SUPREMA., IRITECH, INC., M2SYS Technology and among others.
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The Global Biometric System Market is expected to reach USD 33.5 Billion by 2025, from USD 12.93 Billion in 2017 growing at a CAGR of 17.8% during the forecast period of 2018 to 2025.
This market report defines the market trends and forecast the upcoming opportunities and threats of the biometric system in the next 8 years. Biometrics is the mechanical term for body measurements and calculations which is related to human characteristics. Biometric systems depend on unique identifiers about biological characteristics in order to work efficiently.
Biometric system have various application like fingerprint recognition technology in e-passports, travel and immigration, e-visas. In April 2014, Cross match acquired Digital Persona. Cross Match and Digital Persona both are market leaders in biometric technologies. But due to overlap in collections the company further decided to amalgamate and offer customers a series of portfolio with solutions which is unparalleled in the biometrics industry.
Key points for analysis
1. To get a comprehensive overview of the Global Biometric System Market.
2. To gain information about the top players in this industry, their product portfolios, and their key strategies.
3. To gain insights about the major regional insights in which the Global Biometric System Market is flourishing.
4. Recent industry trends and developments
5. Potential and niche segments/regions exhibiting promising growth
Major Market Drivers:
Increasing usage of biometric technology in financial institutes and healthcare sectors
Growing use of biometric systems in criminal identification
Incorporation of biometrics in smartphones
Table of Contents:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Market Segmentation: The global biometric system market is segmented into authentication, component, function, application, and by
Based on authentication, the global biometric system market is classified into single factor authentication and multi-factor authentication. Single factor authentication is segmented into fingerprint recognition, iris recognition, palm print recognition, face recognition, vein recognition, signature recognition, voice recognition and other biometric technologies.
On the basis of component, the global biometric system market is segmented into hardware and software. Hardware is further segmented into
fingerprint readers, scanners, camera, and others.
On the basis of function, the global biometric system market is segmented into contact, non-contact, and others.
On the basis of application, the global biometric system market is segmented into government, military & defence, healthcare, banking & finance, consumer electronics, security, travel & immigration and others application. Security is further segmented into home security and commercial security.
Based on geography, the global biometric system market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
The global biometric system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biometric system market for global, Europe, North America, Asia pacific and South America.
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