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Biometrics industry

Biometrics industry By Component (Hardware, Software), By Authentication Type (Single Factor Authentication, Multifactor Authentication), By Function (Non-Contact, Others), By Application (Government, Commercial, Healthcare) - Forecast 2023<br>

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Biometrics industry

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  1. Biometrics industryForecast 2023 Biometrics industry Report-Forecast 2023

  2. Biometrics industry Forecast 2023 VIEW REPORTS SAMPLE REPORTS P a g e | 2 Copyright © 2017 Market Research Future.

  3. Biometricsindustry Forecast 2023 Summary Biometric system refers to biological data used by technology to identify the person. This systems enables organization to provide statistical analysis of physical and behavioral characteristics of people. In short, biometric authentication states that each individual is unique and can be identified by his or her distinct behavioral and physicaltraits. The factors driving Biometrics industry includes, unique and easy operation of biometricsystem,growing terror attacks andincreasing crimesare fueling the market growth. By authentication type segment, fingerprint recognition technology accounts for high market share in Biometrics industry. High implementation of fingerprint recognition technology in e-passports, travel and immigration, e-visas and driving license is fueling the Biometrics industry. According to the study, by application segment, travel and immigration sector acquires largest market share, owing to high adoption of biometric system in travelling and immigration industry by UK and US region. The requirement for compliance for regulatory purpose and investigationis forcingenterprisesto adoptbiometricsystemservices. internal Biometrics industry is segmented on the basis of authentication type that includes single factor authentication. This is further bifurcated into fingerprint authentication, iris recognition, palm print recognition, finger recognition and vein Fingerprint recognition accounts for highest market share in biometric market owing to increased implementation of it in computers, laptops and smartphones for security purpose. It is most commonly used in travelling and immigration industry due to low cost, easy authenticationandexcellentservice. recognition. system P a g e | 3 Copyright © 2017 Market Research Future.

  4. Biometricsindustry Forecast 2023 Major KeyPlayers: The prominentplayers inthe Biometrics industry are- SA(France), NEC Corporation (Japan),FujitsuLtd.(Japan),BIO-KeyInternational, Inc.(U.S.),Precise Biometrics AB (Sweden), SecunetSecurityNetworks AG(Germany), Thales SA (France), Aware, Inc. (U.S.), Cognitec Systems GmbH (Germany), Cross Match Technologies (U.S.), among others. P a g e | 4 Copyright © 2017 Market Research Future.

  5. Biometrics industryForecast 2023 Segmentation: Biometrics industryforsegmentonthebasisofcomponent,authenticationtype, function andapplication. Biometrics industrybyComponent: Hardware • Fingerprint readers • Scanners (Live Scanner, Palm vein scanner) • Camera (Eye/Iris/Face/Retinacamera) • Others (Microphones, Speakers) Software Biometrics industryby Authentication Type: Multi-FactorAuthentication Biometrics combined with Smart CardTechnology Biometrics combined with PinTechnology Two biometric factorauthentications Three biometric factorauthentications • • • • Biometrics industry by Function: Contact Non-Contact • • Biometrics industry byApplication: Government BFSI Healthcare Military andDefense ConsumerElectronics Security Home Commercial Travel andImmigration • • • • • • • • • P a g e | 5 Copyright © 2017 Market Research Future.

  6. Biometricsindustry Forecast 2023 RegionalAnalysis: The regional analysis of Biometrics industry is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region is expected to account for largest market share in Biometrics industry owing to high implementation of biometrics system government and security agencies and wide adoption of fingerprint recognition by USregion. Asia- Pacific region is growing at highest CAGR rate owing to increased adoption of this system by government insecurity of nationalheritage, airportsand e-passportverification. by P a g e | 6 Copyright © 2017 Market Research Future.

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