Global Biometric Authentication & Identification Market - Overview

As the global population is becoming more concerned for security and safety, the Biometric Authentication and Identification Market Size is booming at rapid growth rate and is adopted by almost all applications such as Government, Healthcare, Enterprises, Banking and Financial Institutions, Consumer Electronics and Retail and Commercial verticals.

The global biometrics market trends are shifting towards mobile biometrics devices from fixed biometrics devices, and also, the trend of touch-less biometrics is emerging. The biometric devices capture both physiological and behavioural aspects of human beings. In terms of product, the biometrics devices would include products such as fingerprint scanners, facial recognition devices, vein pattern scanners, iris and retina scanners, voice modulation devices, and multimodal devices among others. The integration of biometrics devices in wearable products and rise of portable biometrics devices are the factors that are driving the market.

The biometric authentication and identification market Research has a very high potential in future. The upcoming wave of biometrics devices is likely to shake number of industries such as Healthcare, Retail and Commerce, Banking and Financial Institutions, Consumer Electronics and many others. Some of the challenges that these devices faced include expensive products, privacy concerns, and acceptance of technical up gradation.

Global Biometric Authentication & Identification Market - Competitive Analysis

Biometric devices and applications have marked its presence in government organizations, private outfits and institutional setups across the globe. It has become a primary identification method for civil application in many developed as well as developing countries. Biometrics is extensively being used in high security physical as well as logical access. High security military area, nuclear reactors, weapon development facilities, etc. are using biometrics to safeguard the facility and keep intruders away. It is also being used in border control, where identity of people, seeking entry in a country, are verified against what is on record, and unknown people are identified with automated biometric recognition. Biometric devices and applications seem to taking over the world by storm, however, in terms of market penetration, they are still their infancy.

Key Players:

Safran SA (France), NEC Corporation (Japan), Fujitsu Ltd. (Japan), BIO-Key International, Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG (Germany), Thales SA (France), Aware, Inc. (U.S.), Cognitec Systems GmbH (Germany), Cross Match Technologies (U.S.), Fulcrum Biometrics, LLC (U.S.), Daon, Inc. (U.S.), Facebanx (U.K.), and 3M Cogent, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobile Security Market.

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Market Segmentation

The biometric authentication & identification industry is expanding at a significant pace and in order to offer an exhaustive analysis, the MRFR report ha segmented the market with respect to modality, motility and Application as well as their sub-segments.

With regard to modality, the market segments profiled in the report are Classification of biometric systems, Multimodal biometric systems and Market statistics.

The motility-based market segmentation includes Fixed as well as Mobile.

The applications of biometric authentication & identification technology are Banking and financial institutions, Enterprise, Healthcare, Retail, commerce and Consumer electronics. The rising use of biometrics systems within the BFSI sector to make financial transactions encourages market growth. Meanwhile, the surging use of advanced authentication and recognition systems in tablets and smartphones has boosted the market demand in the consumer electronics industry.

Global Biometric Authentication & Identification Market - Regional Analysis

North America lead the market for global biometric authentication & identification in 2016, followed by Europe and Asia Pacific. The North America has made considerable investments in setting up biometrics-based security solutions at its borders and airports through its customs and border protection (CBP), a government agency to monitor the influx of immigrants and tourists. All these developments have led to the growth of the biometric system market in North America.

Asia Pacific is adapting biometric systems at a very rapid speed. Ongoing government projects which include issuance of e-passports & visas, and unique identification cards under the Aadhar System (in INDIA), have played a major role in boosting demand for biometric systems in Asia Pacific. Growing digitization in the government sector is expected to further propel use of biometric technology in the country over the next five years

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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