Biometrics Technology (Face, Hand geometry, Voice, Signature, Iris, AFIS, Non-AFIS and Others) Market - Global Industry Analysis 2017

Albany, NY, 6th FEB : Biometrics helps in verifying the identity of a person based on physiological or behavioral characteristics. Specifically, traditional authentication methods such as magnetic cards, personal identification cards, passwords or keys are vulnerable to attacks and can be easily stolen. Biometrics technology identifies an individual on the basis of their fingerprints, face, signature, DNA, iris, typing rhythms etc and provides convenient and secure authentication. With the thriving Internet-based commerce such as online banking and rising need for precise verification while accessing accounts, biometrics technology is considered to be the most convenient and simplest solution. Its permanent, measurable, universal and unique features ensure high level of information security and these are the key factors which would help to contribute to its growth by 2019.

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Biometrics systems are used across several industries including government, defense services, banking and finance, consumer electronics, healthcare, home safety & security, commercial safety & security, transport/visa/logistics among others. Amongst all, transport/visa/logistics end use segment accounted for the largest market share in 2012. This was due to the increasing need for inspecting traveler’s credentials in order to establish their identity which is a part of border security. The banking end use segment is expected to grow at the highest growth rate in the upcoming years.

The rising number of terror attacks and crimes has created a need for high level security in both private and public sector. Traditional methods used for personnel authentication such as username and passwords, tokens etc. are vulnerable to attacks. Biometrics technology provides high level security and cannot be stolen since it uses an individual’s physiological and behavioral characteristics for identification. The convenience and growing applications in government sector such as national identity schemes, national border control projects such as e-passports among others are the key factors which would help contribute to the growth of biometrics in the upcoming years.

This report analyses the biometrics technology market on a global basis with detailed breakdown into various sub-divisions. It provides cross sectional analysis of the market based on parameters such as geography, application and end use segments. In addition, the analysis provides market estimation in terms of revenue and forecast for the period between 2013 and 2019. Porter’s five forces analysis and value chain analysis included in the report further help in assessing the market situation and competitiveness. Market attractiveness analysis helps to highlight the key industry segments and their comparative attractiveness with other industry segments.

Apart from the detailed segmentation analysis, this report also provides company profiles of some key market players. This competitive profiling includes company and financial overview, business strategies, and recent developments which can help the new entrants as well as established players to identify the opportunities in the market and develop strategies accordingly. Some of the major companies included in this report are Safran Morpho, NEC Corporation, 3M Cogent, Inc., Bio-Key International, Inc. and Cognitec Systems GmbH among others.

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The global biometrics technology market is segmented as below:

By Application Type

Face
Hand geometry
Voice
Signature
Iris
AFIS
Non-AFIS
Others(DNA, typing rhythms)

By End Users

Government
Defense Services
Banking and Finance
Consumer Electronics
Healthcare
Home Safety & Security
Commercial Safety & Security
Transport/Visa/Logistics
Others (Retail, hospitality, gaming and automobile)

By Region

North America
Europe
Asia Pacific
Row

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