The Global Biometric
System Market is expected to reach USD 33.5 Billion by 2025, from USD 12.93
Billion in 2017 growing at a CAGR of 17.8% during the forecast period of 2018
to 2025. The upcoming market report contains data for historic years 2014 &
2015, the base year of calculation is 2016 and the forecast period is 2018 to
2025. Some of the major players operating in the global biometric system market
are Safran, NEC Technologies India Private Limited, FUJITSU,
Aware, Inc., Gemalto Cogent, Inc., BIO-key International, Inc., Precise
Biometrics AB, secunet Security Networks AG., Thales Group, Cognitec Systems
GmbH, Crossmatch., Fulcrum Biometrics, LLC., Daon, Facebanx , HID Global
Corporation/ASSA ABLOY AB., SUPREMA., IRITECH, INC., M2SYS Technology and among others.
Market Segmentation: Global Biometric
System Market
·
The global biometric system market is segmented
into authentication, component, function, application, and by geography.
·
Based on authentication, the global biometric
system market is classified into single factor authentication and multi-factor
authentication. Single factor authentication is segmented into fingerprint
recognition, iris recognition, palm print recognition, face recognition, vein
recognition, signature recognition, voice recognition and other biometric
technologies. Other biometric technologies are further segmented into DNA
recognition, keystroke recognition and gait recognition. Multi-factor
authentication is segmented into smart card authentication, pin authentication
and multi-modal authentication. Multi-modal authentication is further segmented
into two biometric factors authentication and three biometric factors
authentication.
·
On the basis of component, the global biometric
system market is segmented into hardware and software. Hardware is further
segmented into fingerprint readers, scanners, camera, and others.
·
On the basis of function, the global biometric
system market is segmented into contact, non-contact, and others.
·
On the basis of application, the global
biometric system market is segmented into government, military & defence, healthcare,
banking & finance, consumer electronics, security, travel & immigration
and others application. Security is further segmented into home security and
commercial security.
Major Market Drivers:
·
Increasing usage of biometric technology in
financial institutes and healthcare sectors
·
Growing use of biometric systems in criminal
identification
·
Incorporation of biometrics in smartphones
Restraints:
·
High installation cost for biometric system
Competitive Analysis: Global
Biometric System Market
The global biometric system market is highly fragmented and
the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of biometric system market for global, Europe, North America, Asia pacific and
South America.
Key insights in the report:
·
Complete
and distinct analysis of the market drivers and restraints
·
Key
Market players involved in this industry
·
Detailed
analysis of the Market Segmentation
·
Competitive
analysis of the key players involved
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