Press release
Biometrics for Military Market: Growing Number of Nations Struggling with Terrorist Attacks to Drive Demand
According to a TMR, the global market for military biometrics will be worth US$10.62 bn by 2025, expanding at a 7.4% CAGR from 2017 to 2025. By geography, Asia Pacific will emerge as a lucrative region. Europe and North America collectively accounted for 55% of the market in 2016. North America is anticipated to lead in the market for the rest of the forecast period.
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Growing Infiltration and Identity Threats to Drive Demand for Military Biometrics
A TMR analyst said that, “the demand for military biometrics is anticipated to increase in the coming years on account of the growing demand for advanced technology so as to fight terrorism. With growing need for addressing infiltration and similar security issues, it has become utmost important to adopt military biometrics.
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The growing number of nations struggling with forged identities, identity thefts, and illegal immigrations will spur a heightened demand for military biometrics. More and more airports and borders across countries are making use of biometrics authentication systems in a bid to reduce terrorism and terror attacks.
Complicated Installation to Pose a Challenge for Military Biometrics Market
On the other hand, the complexity of military biometrics systems could be a challenge. The high cost may also be a deterring factor for large scale adoption. In addition to this, the installation of these systems is complicated and requires skilled personnel. The fact that it involves security of highly confidential data, necessitates for the system to never be compromised and as this system cannot be reset easily, it is a big factor for reduced adoption. However, the continuous technological advancements in this field is estimated to reduce the impact of this restraint.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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