Biometric Technology Marker: Global Analysis and Forecasts

Information about Biometric Technology Marker: Global Analysis and Forecasts

Published on January 5, 2017

Author: alliedmarketresearch

Source: authorstream.com

Content

Slide1: Biometric Technology Market Opportunities and Forecasts, 2015 – 2022 Slide2: Biometric technology comprises computerised methods to recognize a person by their unique physical or behavioural characteristics. In the year 2015, North America was the highest revenue-generating region, owing to increasing adoption of advanced security and authentic solutions and service in the government and commercial sector. Furthermore, the region is projected to continue its dominance throughout the forecast period due to increasing need for multilevel biometric solutions and services in various end-user verticals. Europe was the second largest market, in terms of revenue generation, followed by Asia-Pacific. Major factors that boost the biometric technology market worldwide include increasing security & privacy concerns and rising standard of living. Biometric Technology Market Overview Slide3: The banking & financial sector led the market, followed by the public sector, both collectively accounting for around 60% of the market revenue in 2015. The global biometric technology market is classified based on geography into North America, Europe, Asia-Pacific, and LAMEA. North America generated the largest revenue in 2015, followed by Europe. Asia-Pacific is projected to expand at the highest CAGR of around 22% during the forecast period. The physical biometric segment dominated the market with around 81% share, owing to increasing adoption of fingerprint recognition and face recognition biometric solutions across various end-user verticals, in 2015. The iris recognition segment is projected to expand at the highest CAGR of around 22%, owing to widening applications of iris recognition biometric solutions at vehicle checkpoints, airport security, and for employee identification. Biometric Technology Market Analysis Slide4: Biometric Technology Devices Slide5: Major driving forces for the growth of the biometric technology market are increasing severity & privacy concerns and continuous technological advancements. Fingerprint recognition segment dominated the biometric technology market in 2015; however, the iris segment is expected to grow at the highest CAGR. North America dominated in 2015, whereas Asia-Pacific is expected to register the fastest growth. Biometric Technology Market Key Findings Slide6: Biometric Technology Market Key Players 3M Company (Cogent Systems, Inc.) Fujitsu Frontech Limited ImageWare Systems, Inc. Suprema, Inc. Safran S.A. secunet Security Networks AG Thales S.A. BIO-key International, Inc. NEC Corporation Precise Biometrics Slide7:   Follow Us On Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/

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