Press release
Next Generation Biometrics Market 2021 Strategic Assessments - Fingerprint Cards AB, Fujitsu Ltd, Siemens AG, Suprema Inc., Thales Group
The Next Generation Biometrics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The next generation biometrics market has registered a CAGR of 35.53%, during the forecast period (2021 -2026).
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Top Leading Companies of Next Generation Biometrics Market are Cross Match Technologies, Fingerprint Cards AB, Fujitsu Ltd, Siemens AG, Suprema Inc., Thales Group, RCG Holdings Limited, Safran SA and others.
Industry News and Updates
- April 2019 - Thales has completed the EUR 4.8 billion acquisition of Gemalto, forming a global security giant, to offer biometrics and other digital identity and security technologies to critical infrastructure providers, such as banks, telecom operators, government agencies, and utilities.
Key Market Trends
Banking and Financial Industry to be the Fastest-growing Sector
- Major Banks are rolling out biometric authentication. JP Morgan Chase, Bank of America and Wells Fargo allow their customers to log in to mobile banking via fingerprint authentication.
- Voice authentication is also deployed in bank call centers to identify customers. Next generation biometric authentication can improve customer satisfaction by eliminating the need for passwords and as a result, increase the demand for adoption of biometrics in the banking sector.
- Wells Fargo is working on a payment solution that will make use of the voice of its customers to authenticate transactions and access services. While other banks and financial institutions still have limited approach toward voice biometrics and use it only to let customers access information, like account balance, etc., Wells Fargo took the step to use voice biometrics to authenticate payments.
Regional Outlook of Next Generation Biometrics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Next Generation Biometrics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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