Press release
News: Biometrics Market | ASSA ABLOY, Gemalto, M2SYS Technology, NEC, Safran, Accu-Time Systems, Bio-Key International, Inc., Cognitech Systems GmbH, Fujitsu Limited, 3M Cogent, Inc, Idteck, Siemens AG, RCG Holdings, LTD., NEC Corporation, and Suprema
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Biometrics technology is one such solution that arguably fits into all these conditions, subject to the fact that this technology is basically based on statistical analysis of biological data. Biometrics authenticate individuals based on the physiological or behavioral characteristics such as identifiers, face recognition, DNA, palm veins, iris recognition, etc. biometrics market is forecast to surpass USD 50 billion by 2024. The speculated figure is almost quadruple of its market valuation in 2016 recorded at USD 12 billion, which is deemed to be a positive indicator for the overall business growth.
Top Manufacturer are:
1. ASSA ABLOY
2. Gemalto
3. M2SYS Technology
4. NEC
5. Safran
6. Accu-Time Systems
7. Bio-Key International
8. Inc.
9. Cognitech Systems GmbH
10. Fujitsu Limited
11. 3M Cogent
12. Inc
13. Idteck
14. Siemens AG
15. RCG Holdings
16. LTD.
17. NEC Corporation
18. Suprema
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The increasing accessibility of smartphones along with a significant expansion of consumer electronics sector over the recent years have been the major factors proliferating the global biometrics market trends. The advent of technology has enabled biometric identification in smartphones for identification of the owner during unlocking the device as well as during making payment, which unquestionably provides additional handset security. Apple Inc, the technology conglomerate, is considered to be one of the precursors in the biometrics market, driving fingerprint recognition in consumer electronics.
The introduction of Touch ID fingerprint recognition system in their advanced iPhone series is profoundly a major breakthrough in the overall biometrics market dynamics. Reportedly, the tech giant is soon to bring another groundbreaking innovation in the landscape with the launch of advanced facial recognition system in their upcoming edition (iPhone 8), that is claimed to be much more secured and faster than the present Touch ID fingerprint reader.
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