The biometric system market research report most significant research for who searches for complete data on biometric system markets. The report has been readied dependent on the blend, examination, and translation of data about the biometric system market gathered from specific sources. The focused scene segment of the report gives an unmistakable understanding into the piece of the overall industry investigation of key industry players. The report covers all data on the global and provincial markets including old and future patterns for market request, estimate, exchanging, supply, contenders, and costs just as transcendent merchants’ data. The report additionally gives a total review of biometric system markets; including Top Players or sellers, application, Type, Share, and most recent market patterns.
The biometric system market research report is a meaningful examination of current situation of the market and future estimations which thinks about a few market elements. The report acknowledgment is fundamental for the business development as it assists with the better basic leadership, upgrading income age, organizing market objectives and results in gainful business. It makes simple for semiconductors&electronics industry to envision what is now accessible in the market, what advertise foresees, the competitive scenario, and what ought to be done to outperform the contender. This report helps to spare significant time as well as adds believability to the work that has been done to develop the business.
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Major Market Competitors/Players:
Some of the major players operating in the global biometric system market are Safran, NEC Technologies India Private Limited, FUJITSU, Aware, Inc., Gemalto Cogent, Inc., BIO-key International, Inc., Precise Biometrics AB, secunet Security Networks AG., Thales Group, Cognitec Systems GmbH, Crossmatch., Fulcrum Biometrics, LLC., Daon, Facebanx , HID Global Corporation/ASSA ABLOY AB., SUPREMA., IRITECH, INC., M2SYS Technology and among others.
The Global Biometric System Market is expected to reach USD 33.5 Billion by 2025, from USD 12.93 Billion in 2017 growing at a CAGR of 17.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
Major Market Drivers:
Increasing usage of biometric technology in financial institutes and healthcare sectors
Growing use of biometric systems in criminal identification
Incorporation of biometrics in smartphones
High installation cost for biometric system
Table of Contents
5.Global, By Component
The global biometric system market is segmented into authentication, component, function, application, and by geography.
Based on authentication, the global biometric system market is classified into single factor authentication and multi-factor authentication. Single factor authentication is segmented into fingerprint recognition, iris recognition, palm print recognition, face recognition, vein recognition, signature recognition, voice recognition and other biometric technologies. Other biometric technologies are further segmented into DNA recognition, keystroke recognition and gait recognition. Multi-factor authentication is segmented into smart card authentication, pin authentication and multi-modal authentication. Multi-modal authentication is further segmented into two biometric factors authentication and three biometric factors authentication.
On the basis of component, the global biometric system market is segmented into hardware and software. Hardware is further segmented into fingerprint readers, scanners, camera, and others.
On the basis of function, the global biometric system market is segmented into contact, non-contact, and others.
On the basis of application, the global biometric system market is segmented into government, military & defence, healthcare, banking & finance, consumer electronics, security, travel & immigration and others application. Security is further segmented into home security and commercial security.
Based on geography, the global biometric system market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
The global biometric system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biometric system market for global, Europe, North America, Asia pacific and South America.
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