Biometrics technology Market is pegged at over $3.91 billion in 2017 and is expected to reach $6.89 million by 2020

A new research document with title 'Biometrics technology - Global Market Outlook (2017-2023)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Asia Pacific, Rest of the World and important players/vendors such as Cognitec Systems, GmbH, Daon, Inc. etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-2023.

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According to Research, the global Biometric Technology market is expected to grow from $3.24 billion in 2016 to reach $12.22 billion by 2023 with a CAGR of 20.8%. Biometrics technology is used for recognition and verification of persons by analyzing their fingerprints, voice, face, iris and hand geometry signatures. Some of the key factors that are propelling the market growth include advancement in technologies, rising applications in commercial & government sectors, growing demand for improved security systems in organizations. However, hug capital investments and technological restrictions are some factors creating a challenge for this market.

By application, automated fingerprint identification system (AFIS) is expected to witness highest CAGR over the forecast period owing to its demand in various civil applications and law enforcements. Based on geography, Asia Pacific region is anticipated to grow at a fastest rate attributed to rising awareness of biometrics technology in emerging nations. The markets in China, India, Mexico and Russia are projected to grow significantly.

Some of the key players in this market include Suprema, Inc., Fujitsu Limited, IDTECK, IrisGuard, Inc. , Lumidigm, Inc., Morpho SA (Safran), NEC Corporation, RCG Holdings, Ltd., BIO-Key International, Inc., Cognitec Systems, GmbH, Daon, Inc., Accu-Time Systems, Inc., DigitalPersona, Inc., Siemens AG and 3M Cogent, Inc.

Components Covered:
• Hardware
• Software

Function Types Covered:
• Contact
• Non-Contact
• Other Function Types

Applications Covered:
• Voice Recognition
• Non-Automated Fingerprint Identification System (AFIS)
• Signature Recognition
• Vein Recognition
• Iris Recognition
• Hand geometry Recognition
• Biometrics Combined With Pin Authentication
• Face Recognition
• Biometric System Combined With Smart Card Authentication
• Automated Fingerprint Identification System (AFIS)
• Multi-Modal Authentication
• Other Applications

End Users Covered:
• Travel & Immigration
• Healthcare
• Banking & Finance
• Defense & Security
• Government
• IT & Telecommunication
• Consumer Electronics
• Transport/Logistics
• Other End Users

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Regions Covered:

North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

....Continued

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