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According to Triton, the global biometrics market is expected to display a positive market trend over the forecast period of 2019-2027, exhibiting a CAGR of 19.87%. Get a Free Sample Report Now!<br>Read more: https://www.tritonmarketresearch.com/reports/biometrics-market<br>
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BIOMETRICS MARKET 2019-2027
MARKET OUTLOOK • According to Triton, the global biometrics market is expected to display a positive market trend over the forecast period of 2019-2027, exhibiting a CAGR of 19.87%. • Biometrics is a technology used for identifying and authenticating information of individual by measuring & analyzing their personal traits or behavioral characteristics. • The advanced characteristics of this technology make it a favorable option over conventional PIN-based methods. • Biometrics are used to secure the sensitive or personal data of an individual from fraudulent by unique identification technique. • The unique features and high security of biometrics have led to the increased adoption of this technology in industries such as healthcare, government, defense, BFSI, transport & immigration and commercial security & non-commercial safety, among others.
REGIONAL OUTLOOK • The global biometrics market spans across the regions of North America, the Asia-Pacific, Latin America, the Middle East and Africa and Europe. • Online transactions in North America are prominent, owing to the higher internet penetration in the United States and Canada, coupled with the increasing e-commerce sales, which is further augmenting these transactions. • These developments are likely to result in the deployment of advanced authentication technologies, such as biometrics. • In addition to this, the United States and Canada boast of high scores in the cloud computing policy environment rankings of 2018, featuring in the top ten list. • This is expected to pose tremendous opportunities for biometrics across the end-users. Furthermore, technology giants such as Amazon and Microsoft are headquartered in this region, which is expected to push the end-users toward biometrics on cloud. This, in turn, is set to propel the demand for biometrics solutions.
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COMPETITIVEOUTLOOK The companies that have been mentioned in the biometrics market report are Siemens AG, Precise Biometrics AB, IDEMIA FRANCE S.A.S., Nuance Communications, Inc., NEC Corporation, M2SYS Technologies, Inc., Iris ID Systems, Inc., ImageWare Systems, HID Global Corporation, Gemalto N.V., Fulcrum Biometrics LLC, Fujitsu Limited, Fingerprint Cards AB, Crossmatch Technologies, Inc. (acquired by HID Global), BIO-key International, Inc. and Aware, Inc.M2SYS, Inc. provides innovative, scalable & practical software and hardware solutions for biometric identity management.
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