Press release
Global Biometrics Market in Retail Sector is Projected to Grow at Remarkable Rate of above 21.30% by 2020
Description
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Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft.
Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition.
Technavios analysts forecast the global biometrics market in the retail sector to grow at a CAGR of 21.30% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biometrics market in the retail sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.
The market is divided into the following segments based on technology:
Fingerprint identification
Facial recognition
Hand geometry
Vein recognition
Technavio's report, Global Biometrics Market in Retail Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Crossmatch Technologies
Honeywell Security
M2SYS Technology
NEC
Safran
Suprema
Get a Sample Copy of the Report: http://www.researchmoz.us/enquiry.php?type=S&repid=517608
Other prominent vendors
Allegion
Ayonix
BIO-key
Biometric Time Clock Systems
Cognitec Systems
eSSL Security
ePortID
FingerCheck
FUJITSU
Herta Security
TimeLabs
Trac-Tech
Tyco.
Market driver
Emergence of contactless biometrics
For a full, detailed list, view our report
Market challenge
Security concerns
For a full, detailed list, view our report
Market trend
Incorporation of biometric workforce management systems at retail stores
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Inquiry on this report: http://www.researchmoz.us/enquiry.php?type=E&repid=517608
Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market description
Working of biometrics
Biometric technologies used in retail sector
Applications of biometrics in retail sector
Advantages and disadvantages of biometrics in retail sector
PART 06: Market landscape
Market overview
Product life cycle of biometric technologies in retail sector
Share of retail sector in the global biometrics market
Global biometrics market in retail sector
Five forces analysis
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