openPR Logo
Press release

A new study offers detailed examination of Biometrics Services Market 2014-2020

06-28-2017 12:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

A new study offers detailed examination of Biometrics Services

Growing concerns of security, and threat of life has developed a need for safe and secure environment. The safety concerns has industrialized a biometrics safety system. Keeping safety on the top, biometrics systems are used across several industries such as banking, hospitality, defense, government, healthcare, consumer electronics, home safe and safety, transport, and commercial safety and security. Before introducing the biometrics system in the practice, tradition methods such as personal identification cards, passwords or keys, and magnetic cards were used for verifying the identity of a person, which can be easily theft or stolen. Whereas, biometrics system identifies a person on the basis of individual’s face, fingerprints, signature, iris, DNA, and typing rhythms. Therefore, the biometrics system is considered to be the most convenient solution. These unique features such as easy to measure, permanent, easy to use, and secured information system will drive the demand for biometrics system. The global biometrics market was value at US$ 6,357.7 Mn in 2012, and is expected to witness double-digit growth rate by 2019.

The global biometrics system market is driven by factors such as security concerns due to increasing crimes and terror attacks, unique and simple features of biometrics system. On the other hand, unreliability and high cost involvement for the biometrics technologies implementation will decelerate the growth of the global biometrics system market in the near future. However, development of multimodal biometrics solution will further enhance the biometrics system market in the next five years.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-261

Moreover, the growing concerns of safety, and need for secured solution systems has developed ample of technology innovations in the application segment that include hand geometry, face, iris, Voice, AFIS, signature, non-AFIS, and others (DNA and rhythms), Among all the aforementioned application segments, the non-AFIS segment dominated the biometrics system market in 2012 due to its cost effectiveness and user-friendliness feature. After non-AFIS, iris system is expected to contribute to the growth of biometrics system market over the next five years. This growth is attributed to increasing adoption in the high-end security applications and modest contactless and safe biometrics application.

Among all the aforementioned end-use segments, the transport/visa/logistics segment witnessed as the largest market share in 2012, and is expected to display a significant growth in the biometrics system market in the near future. Furthermore, the banking segment is also anticipated to exhibit a momentous growth rate in the next few years.

The global biometrics system market covers region such as Europe, North America, Asia Pacific, and RoW. The North America region dominated the global biometrics system market in 2014, followed by Europe. Asia Pacific has also contributed to the growth of the global biometrics system market in 2012, and is expected to witness a substantial growth rate in the near future. This is attributed to rising concerns of safety and security and rising government projects that include e-passport, National identification Programme. Implementation of programme in the few countries such as China, India, Israel, Indonesia, and South Korea.

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-261

According to the market research, key participants considered in the global biometrics systems market are NEC Corporation, 3M Cogent, Safran Morpho, DigitalPersona, and BIO-Key International. NEC Corporation and Safran Morpho accounted for the highest revenue share in 2012. Keeping competition on the top, key companies main focus is on expanding their customer base with the help of strategic alliances, development of innovative products and exploiting more in R&D activities. These alliance will help the key companies to hold a stable position in the global biometrics systems market in the near future.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release A new study offers detailed examination of Biometrics Services Market 2014-2020 here

News-ID: 599523 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for AFIS

Automated Fingerprint Identification System (AFIS) Market Report Up to 2031
Visiongain has published a new report on Automated Fingerprint Identification System (AFIS) Market Report to 2031: Forecasts by component (Hardware, Software), by search type (Tenprint to Tenprint Searches, Latent to Latent Searches), by application (Healthcare, Government, Transportation, Banking & Finance, Others). PLUS Profiles of Leading Automated Fingerprint Identification System (AFIS) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios. Download Exclusive Sample of Report @ https://www.visiongain.com/report/afis-market/#download_sampe_div Automated Fingerprint Identification
Automated Fingerprint Identification Systems (AFIS) Market Global Outlook 2019
Global Automated Fingerprint Identification Systems (AFIS) Market reports are thorough analysis a careful investigation of around the world which enables the client to assess the long haul based request and predicts exact executions. The development rate which is really anticipated relying upon the scholarly examination gives thorough data on the overall Automated Fingerprint Identification Systems (AFIS) industry. Access Full Information @ http://researchreport.biz/global-automated-fingerprint-identification-systems-afis-market/ The drivers and restrictions are really assembled after the
Biometrics Technology (Face, Hand geometry, Voice, Signature, Iris, AFIS, Non-AF …
Biometrics technology is the preferred security system of modern times due to the high level of security it provides against crime and terror attacks. Biometrics technology uses an individual’s unique physiological traits for identification. It is considered failsafe because these traits, such as fingerprints or iris patterns, cannot be duplicated. The conventional means of authentication such as passwords are susceptible to attacks and have a high probability of being lost
Biometrics Technology (Face, Hand geometry, Voice, Signature, Iris, AFIS, Non-AF …
Biometrics technology is the preferred security system of modern times due to the high level of security it provides against crime and terror attacks. Biometrics technology uses an individual’s unique physiological traits for identification. It is considered failsafe because these traits, such as fingerprints or iris patterns, cannot be duplicated. The conventional means of authentication such as passwords are susceptible to attacks and have a high probability of being lost
Global Automated Fingerprint Identification System (AFIS) Market Research Report …
The Global Automated Fingerprint Identification System (AFIS) Consumption 2016 Market Research Report is a professional and in-depth study on the current state of the Automated Fingerprint Identification System (AFIS) market. Get Complete Report: https://www.bigmarketresearch.com/global-automated-fingerprint-identification-system-afis-consumption-industry-2016-deep-research-report-market First, the report provides a basic overview of the Automated Fingerprint Identification System (AFIS) industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures. Secondly,
United States Automated Fingerprint Identification Systems (AFIS) Market Report …
This report studies sales (consumption) of Automated Fingerprint Identification Systems (AFIS) in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering NEC Corporation Morpho SA? 3M Cogent Inc Suprema Inc Dermalog Identification Systems HID Global Corporation Fujitsu Limited Crossmatch Technologies Inc M2sys Technology Afix Technologies Incorporation Papillon Systems Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=910285&ptitle=United+States+Automated+Fingerprint+Identification+Systems+%28AFIS%29+Market+Report+2017&req=Sample East Shore Technologies PU HIGH-TECH Market Segment by States, covering California Texas New York Florida Illinois Split by product types, with sales, revenue, price, market share and growth rate of