Biometric System Market Competitive Landscape and Strategy Analysis from 2017-2022
© Rajesh Sinha
The global Biometric System Market is expected to grow exponentially over the forecast period. Biometric technology uses a physical or psychological trait for identification or authentication. By using physical traits, the provider of the trait always has them with him or her. It can be in the form of the face, fingerprints, voice, palm, iris, signature, and DNA which can be measured, recorded, and quantified. These are used to mark or identify a person. Biometrics system is usually used for identification and access control. Biometrics uses personal features that are inseparable from an individual, thus improving security.
Access Biometric System Market Report with TOC @ https://www.millioninsights.com/industry-reports/biometric-system-market
The growing use of a biometric technology in cloud computing and the e-commerce platform for a biometric technology offer ample opportunities for the biometrics system market. Alternatively, factors such as government initiatives to implement biometrics in several fields, increased privacy needs in smartphones, execution of biometric technology in criminal identification and election administration, and the introduction of e-passports are expected to propel the growth of the global biometrics system market.
Growing security concerns have significantly increased the usage of biometrics system in organizations. One of the key factors fueling the market is the increased threats to national security. Increasing thefts and terrorist activities related to critical data have forced the government to implement biometrics system in several government organizations. The increased business rivalry has raised confidentiality needs for organization’s information and data. Incapability of security pins and passwords to fully secure the data has increased the usage of biometrics system.
Biometrics systems are also used for facilities like driving license and e-passport. An initiative by the Indian government to offer every citizen Unique Identity Cards (UID) namely Aadhar card, which contains biometric data of an individual has propelled the growth of biometrics system market. Improvement in technology has increased the biometrics systems that can scan numerous personal traits. Cost reduction of these systems has driven the market growth in recent past.
One of the major challenges faced by this market is strict control to access available government databases as theft of biometric information can lead to a serious threat to nation security. For a long time, the use of biometrics was limited to forensic applications. Recently, however, it has become possible to digitize, store, and retrieve biometric pattern and have them processed by computers. Large scale deployment can thus be envisaged in, for instance, passports, voter ID cards, national ID cards, and driver’s licenses, which will reduce waiting time at border control or for welfare disbursement. Biometrics provides a challenging solution to increased security needs, as it bases verification on aspects that are specific to each individual.
Top Key Players Analysis covered in Biometric System Market Report
• Digital Persona Inc
• NEC Corporation
• Fujitsu Ltd
• 3M Cogent
• Morph S.A.S
• Apple Inc
• Biennale Technologies Pvt.
• Image Ware Systems
• Precise Biometrics
• BIO-Key International
By types, the market can be split into
• Face Recognition
• Fingerprint Recognition
• Iris Recognition
• Palm Recognition
• Voice Recognition
• Signature Recognition
• Vein Recognition
By Application/End-User, the market can be split into
• Government
• Military & Defense
• Healthcare
• Banking & Finance
• Consumer Electronics
• Travel & Immigration
• Security
Request a Sample Copy of Biometric System Market Report @ https://www.millioninsights.com/industry-reports/biometric-system-market/request-sample
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Biometric System in these regions, from 2012 to 2022 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan
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Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.comContact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com
Access Biometric System Market Report with TOC @ https://www.millioninsights.com/industry-reports/biometric-system-market
The growing use of a biometric technology in cloud computing and the e-commerce platform for a biometric technology offer ample opportunities for the biometrics system market. Alternatively, factors such as government initiatives to implement biometrics in several fields, increased privacy needs in smartphones, execution of biometric technology in criminal identification and election administration, and the introduction of e-passports are expected to propel the growth of the global biometrics system market.
Growing security concerns have significantly increased the usage of biometrics system in organizations. One of the key factors fueling the market is the increased threats to national security. Increasing thefts and terrorist activities related to critical data have forced the government to implement biometrics system in several government organizations. The increased business rivalry has raised confidentiality needs for organization’s information and data. Incapability of security pins and passwords to fully secure the data has increased the usage of biometrics system.
Biometrics systems are also used for facilities like driving license and e-passport. An initiative by the Indian government to offer every citizen Unique Identity Cards (UID) namely Aadhar card, which contains biometric data of an individual has propelled the growth of biometrics system market. Improvement in technology has increased the biometrics systems that can scan numerous personal traits. Cost reduction of these systems has driven the market growth in recent past.
One of the major challenges faced by this market is strict control to access available government databases as theft of biometric information can lead to a serious threat to nation security. For a long time, the use of biometrics was limited to forensic applications. Recently, however, it has become possible to digitize, store, and retrieve biometric pattern and have them processed by computers. Large scale deployment can thus be envisaged in, for instance, passports, voter ID cards, national ID cards, and driver’s licenses, which will reduce waiting time at border control or for welfare disbursement. Biometrics provides a challenging solution to increased security needs, as it bases verification on aspects that are specific to each individual.
Top Key Players Analysis covered in Biometric System Market Report
• Digital Persona Inc
• NEC Corporation
• Fujitsu Ltd
• 3M Cogent
• Morph S.A.S
• Apple Inc
• Biennale Technologies Pvt.
• Image Ware Systems
• Precise Biometrics
• BIO-Key International
By types, the market can be split into
• Face Recognition
• Fingerprint Recognition
• Iris Recognition
• Palm Recognition
• Voice Recognition
• Signature Recognition
• Vein Recognition
By Application/End-User, the market can be split into
• Government
• Military & Defense
• Healthcare
• Banking & Finance
• Consumer Electronics
• Travel & Immigration
• Security
Request a Sample Copy of Biometric System Market Report @ https://www.millioninsights.com/industry-reports/biometric-system-market/request-sample
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Biometric System in these regions, from 2012 to 2022 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan
Visit Our Blog @ https://marketherald.wordpress.com
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.comContact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com