Press release
Global Biometrics Market Will Reach At CAGR Of 20% Between 2016-2020
About Biometrics Market
Security of data and financial assets have been a key concern for banks as well as for customers. Numeric keypads, keys, and identity badges were widely used to prevent unauthorized access to data and premises. With technological advancements, two-factor authentication was introduced, where individuals could gain access to secure premises after they are authenticated twice, via hardware devices and numeric codes. However, hackers can gain access to hardware devices and obtain numeric codes, which increases the security risks, especially in the BFSI sector.
Technavios analysts forecast the global biometrics market in BSFI sector to grow at a CAGR of 20% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global biometrics market in BSFI sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions in the BFSI sector, including insurance companies to mitigate insurance claim frauds.
The market is divided into the following segments based on geography:
APAC
Europe
MEA
North America
South America
Technavio's report, Global Biometrics Market in BSFI 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.
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Key vendors
Cross Match Technologies
Fujitsu
HID Global
M2SYS Technology
Safran
Other prominent vendors
ACTAtek
BioEnable
BioID
BioLink Solutions
Hitachi,
4G Identity Solutions
Nuance Communications
Suprema
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Market driver
Increase in digitization of banking services
For a full, detailed list, view our report
Market challenge
High cost of deployment restricts adoption
For a full, detailed list, view our report
Market trend
Adoption of vein recognition in ATMs and POS terminals
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.
Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Applications of biometrics in BFSI sector
Biometrics authentication in smartphones
PART 05: Market description
Biometrics workflow
Components of biometrics
Comparison of biometrics technologies in BFSI sector
Advantages and disadvantages of biometrics
PART 06: Market landscape
Market overview
PART 07: Technology life cycle
Technology life cycle in BFSI sector
Global biometrics market
Share of BFSI sector in global biometrics market
Global biometrics market in BFSI sector
PART 08: Market developments
PART 09: Market segmentation by technology
Global biometrics market in BFSI sector by technology
Global fingerprint identification market in BFSI sector
Global facial recognition biometrics market in BFSI sector
Global vein recognition biometrics market in BFSI sector
Global iris recognition biometrics market in BFSI sector
Global voice recognition biometrics in BFSI sector
PART 10: Geographical segmentation
Global biometrics market in BFSI sector by geography
Global biometrics market in BFSI sector by geography (revenue)
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market growth inhibitors
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Five forces model
Five forces model
PART 17: Vendor landscape
Competitive scenario
Vendor matrix
Vendor competitive rating
Description of major vendors
Other prominent vendors
PART 18: Appendix
List of abbreviations
PART 19: Explore Technavio
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