Biometric Authentication & Identification Market Next Big Thing | Major Giants Leidos Holdings, Aware, IriTech

Global Biometric Authentication & Identification Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,
Thales Group (Gemalto N.V.) (France), Safran (France), NEC Corporation (Japan), Fujitsu (Japan), Leidos Holdings, Inc. (United States), IriTech, Inc. (United States), Fulcrum Biometrics, LLC (United States), Stanley Black & Decker (United States), Aware, Inc. (United States), Assa Abloy (Sweden).

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Biometrics technology is the most reliable means of identifying and authenticating individuals through unique biological characteristics. Biometric authentication compares data for the person's characteristics to that person's biometric template to determine resemblance. The biometric repository is managed by a law enforcement agency, such as the Integrated Automated Fingerprint System (IAFIS) run by the FBI in the USA. Growing cases of fraud and identity theft, rising terrorism activity, and cybercrime are the key factors driving the growth of the market. Moreover, rapid technological advancements in security features are offering future growth opportunities for the market.

Market Trend
• Increased Sales of Multimodal Biometric Systems over Unimodal Biometric Systems

Market Drivers
• Increased Public Acceptance, Massive Accuracy Gains, and Falling Prices of Sensors, IP Cameras, and Software
• Rising Prevalence of Document Fraud and Identity Theft, Terrorism and Cybercrime, International Regulation Changes
• Importance of Digital ID for Online Transactions and Applications Such As Immunity Passports or Safe Travel Credentials

Opportunities
• Increasing Research and Development in the Field of Military Security such as Border Control
• Rapid Adoption of Behavioural Biometrics in Banking and Finance
• Untapped Market Potential for Social Media Biometric Authentication
• Rapid Shift to Mobile Biome

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In May 2020, NEC built up a touch-less, multimodal biometric validation terminal with the world's most significant level of exactness. It has been positioned number one in I.D. innovation benchmark tests directed by the U.S. National Institute of Standards and Technology (NIST).

In this research study, the prime factors that are impelling the growth of the Global Biometric Authentication & Identification market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Biometric Authentication & Identification market study is being classified by Type (Hardware (Sensors, IP Cameras, Biometric Cards), Software and Service), Application (Access Control, Border Management, Workforce Management, Payments and Transactions, Security Surveillance), Technology (Voice Recognition, DNA Analysis, Face Identification, Fingerprint Verification, Others (Vein Pattern, Iris Recognition)), Industry Vertical (Government, BFSI, Healthcare, IT & Telecom, Defense and Mlitary, Others (Law Enforcement, Commercial Shipping)), System Type (Multimodal Biometric System, Unimodal Biometric System)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Biometric Authentication & Identification market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Extracts from Table of Contents
Biometric Authentication & Identification Market Research Report
Chapter 1 Biometric Authentication & Identification Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

This report also analyzes the regulatory framework of the Global Markets Biometric Authentication & Identification Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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