Global Biometrics Market in BFSI Sector - Analysis, Technologies & Forecasts to 2020 - Key Vendors are Fujitsu, HID Global & ...
October 27 2016 - 3:48AM
Business Wire
Research and Markets has announced the addition of the "Global
Biometrics Market in BFSI Sector 2016-2020" report to their
offering.
The report forecasts the global biometrics market in BSFI sector
to grow at a CAGR of 20% during the period 2016-2020.
Security of data and financial assets have been a key concern
for banks as well as for customers. Numeric keypads, keys, and
identity badges were widely used to prevent unauthorized access to
data and premises. With technological advancements, two-factor
authentication was introduced, where individuals could gain access
to secure premises after they are authenticated twice, via hardware
devices and numeric codes. However, hackers can gain access to
hardware devices and obtain numeric codes, which increases the
security risks, especially in the BFSI sector.
According to the report, increase in digitization of banking
services will drive growth in the biometrics market in BSFI sector.
The increased use of smart devices and smartphones and tablets have
led a digital reformation of the banking sector. The BFSI sector is
one of the prominent users of portable devices for digital payments
and cashless financial transactions.
With the growing transaction volumes and the introduction of new
digital payment solutions, the banking sector is challenged with
the need to keep the magnitude of fraudulent activities low,
without compromising on the convenience of the customers.
Key vendors:
- Cross Match Technologies
- Fujitsu
- HID Global
- M2SYS Technology
- Safran
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Technology life cycle
PART 08: Market developments
PART 09: Market segmentation by technology
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market growth inhibitors
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Five forces model
PART 17: Vendor landscape
PART 18: Appendix
For more information on this topic, check out the Biometrics
section of the Research and Markets' blog.
For more information about this report visit
http://www.researchandmarkets.com/research/8wjjhp/global_biometrics
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version on businesswire.com: http://www.businesswire.com/news/home/20161027005664/en/
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U.S.): +353-1-481-1716Related Topics: Biometrics