Global Biometrics Market Demand Size, Share, Growth & Analysis 2012 – 2022

Global Biometrics Market

Global Biometrics Market stood at $ 12.84 billion in 2016, and is projected to reach $ 29.41 billion by the end of 2022, on the back of rising adoption of biometric tools across banking & finance, consumer electronics, travel, government, defense, healthcare and other sectors. Moreover, growing government initiatives such as e-passports and introduction of other e-government processes, increasing demand for advanced security systems against crimes, frauds, terrorist activities, hackings, etc., are some of the other major factors expected to drive biometrics market on a global level during the next five years.

According to “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022”, biometrics market is anticipated to grow at a CAGR of 14.76% till 2022. Increasing deployment of biometric technology with growth in the IoT industry is anticipated to positively influence the global biometrics market during forecast period. 3M Cogent, Morpho, NEC, Fujitsu, HID Global, Suprema, Precise Biometrics, IrisGuard, Smartmatic, Cross Match, SecuGen, Nuance Communication, RCG Holdings, Hitachi, ZK Technology, etc. are some of the leading player in biometrics market across the world, who captured the maximum market. “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022” discusses the following aspects of biometrics market across the globe:

  • Global Biometrics Market Size, Share & Forecast
  • Segmental Analysis – By Type (Fingerprint recognition, Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition, Vein Scanner, Others) By End Use Sector (Banking & Finance, Consumer Electronics, Travel, Government, Defense, Healthcare, Commercial Security, Residential, Others)
  • North America (US, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Qatar, Rest of Middle East & Africa), South America (Brazil, Argentina, Colombia, Rest of South America)
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of biometrics market globally
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, biometrics manufacturers, distributors and other stakeholders align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interaction with biometrics manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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Bharat Book is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

Biometrics Market Overview 2017 | Industry Trends & Forecast

Hexareports

global biometrics market in the education sector to grow at a CAGR of 26.28% during the period 2017-2021. Biometrics systems help in identifying and verifying a person based on his/her physical or behavioral traits. A biometric system offers an advantage over the traditional bar code or ID systems – Traits of an individual, also known as biometrics factors can never be lost or stolen.

There are various biometrics solutions in the market. Some of them are iris recognition, facial recognition, fingerprint recognition, palm vein recognition, and signature recognition solutions. Among these, the fingerprinting technology holds the largest market share. The high market share is because, this system is easy to install and use, and is less expensive in comparison to other biometrics systems.

Covered in this report

The report covers the present scenario and the growth prospects of the global biometrics market in the education sector for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • North America
  • Europe
  • APAC
  • ROW

Global Biometrics Market in the Education Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • BIO-key
  • BioLink Solutions
  • BioStore
  • Capture Innovative Solutions
  • SMI Global

Other prominent vendors

  • BioID Technologies
  • Biometric Solution
  • Fujitsu
  • HID Global
  • Nuance
  • Solus
  • Star Link

Market driver

  • Emergence of multimodal biometrics systems
  • For a full, detailed list, view our report

Market challenge

  • High-cost of biometrics systems/increase in total cost of ownership
  • For a full, detailed list, view our report

Market trend

  • Integration of biometrics in smart cards
  • For a full, detailed list, view our report

Key questions answered in this report 

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

About us
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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