Asia Pacific Biometrics Market Research 2020-2025: Profitable Customized Report

According to the latest report by IMARC Group, titled “Asia Pacific Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Biometrics market size in Europe reached a strong growth in 2019. Biometrics refers to a security component that helps in authenticating the identity of individuals based on their physical or behavioral characteristics. It is commonly bifurcated into physiology- and behavior-based biometrics. Physiological characteristics for biometrics majorly include fingerprints, palm prints, palm veins, face, iris, etc., whereas behavioral characteristics comprise of typing patterns, voice and signature recognition. In the Asia Pacific region, biometrics is widely adopted across diverse sectors, such as corporate, IT, government and law enforcement, healthcare, defense and military, immigration, etc.

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The growing incidences of security breaches are primarily driving the need for biometrics to ensure secured access control and reinforce the authentication process across numerous sectors in the region. Moreover, biometrics are widely adopted for attendance tracking and time monitoring in corporate and government organizations, particularly across Japan, China, Bangladesh, India, etc. Several technological advancements have led to the rapid integration of biometric components with smartphones, wearables, and modern vehicles for security purposes in the region. Furthermore, the growing adoption of artificial intelligence (AI) for creating a personalized user experience and developing a reliable authentication process is further expected to propel the market for biometrics in the Asia Pacific region. Looking forward by IMARC group, the market is expected to continue its robust growth during the forecast period (2020-2025).

Breakup by Technology:
• Face Recognition
• Hand Geometry
• Voice Recognition
• Signature Recognition
• Iris Recognition
• AFIS
• Non-AFIS
• Others

Breakup by Functionality:
• Contact
• Non-contact
• Combined

Breakup by Component:
• Hardware
• Software

Breakup by Authentication:
• Single-Factor Authentication
• Multifactor Authentication

Breakup by End User:
• Government
• Defense Services
• Banking and Finance
• Consumer Electronics
• Healthcare
• Commercial Safety and Security
• Transport/Visa/Logistics
• Others

Competitive Landscape with Key Player:
• Accu-Time Systems
• BIO-Key International
• Cognitec Systems
• Fujitsu Limited
• 3M Cogent
• IDTECK
• NEC Corporation
• Siemens AG
• RCG Holdings
• Suprema
• Lumidigm
• IrisGuard
• Daon
• DigitalPersona
• Morpho SA (Safran)

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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