Gait Biometrics Market Size and Trends Study Released by Top Publisher at The Insight Partners

A new market study report by The Insight Partners on the Gait Biometrics Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period.

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Gait is defined as the style or way of walking. Physchophysics studies suggest that people can identify familiar individuals using only their gait. This has led to several automated vision-based algorithms that use gait as a biometric. Such a system usually consists of a video camera capturing images of a person walking within its field of view. Appropriate features such as joint angles or silhouettes are extracted from this video and used to compare with the stored gait signatures of known individuals. As with any other biometric system, the system can operate in both the identification and the verification mode. Gait, as a biometric, has several advantages compared to traditional biometrics, such as fingerprint in that gait is non-intrusive, does not require cooperation from the individual, and can function at moderate distances from the subject.

The key market drivers for Gait Biometrics Market Includes, rising geriatric population across the globe along with significant increase in physically challenged population. Moreover, increased healthcare spending in developed nations is also expected to fuel market growth. Whereas, less awareness of Gait Biometrics in low income nations is expected to restrain market growth during forecast period.

The Emerging Players in the Gait Biometrics Market includes:
• Xsens
• Gait Up
• Body Tech Systems
• Noraxon
• Motekforce Link
• Tekscan
• Qualisys
• Medical Motion
• CIR Systems
• BioSensics

Factors driving the growth of the gait biometrics market are the growing potential of gait biometrics for elderly care and contactless biometrics, coupled with rising healthcare spending. However, its non-invasive nature is a threat to privacy, but a boon for security surveillance is expected to hamper the growth of the market. Moreover, rising investments by major market players in gait biometrics is anticipated to boost the market growth.

The gait biometrics market is segmented on the basis of type and application. Based on type, the market is segmented as assessment, treatment, and other. On the basis of application, the market is categorized as healthcare, sports, and other.

The report analyzes factors affecting gait biometrics market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the gait biometrics market in these regions.

The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period to 2030? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Gait Biometrics market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Gait Biometrics market?
• What are the prominent market trends influencing the development of the Gait Biometrics market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Gait Biometrics market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.