ALBANY, New York, April 24, 2014 /PRNewswire/ --
According to a new market report published by Transparency
Market Research "Biometrics Technology (Face, Hand geometry, Voice,
Signature, Iris, AFIS, Non-AFIS and Others) Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019," the global market is expected to reach a value of
USD 23.3 billion by 2019, at a CAGR
of 20.8% from 2013 to 2019.
Increasing security concerns due to the rising terror attacks
and crimes have created a need for high level security. In
addition, the rising government initiatives such as e-passport,
national identification programs etc. and various border control
projects such as European Dactyloscopy (EURODAC), Visa Information
Systems (VIS) and new generation Schengen Information System (SIS
II) have helped to boost the biometrics technology market. However,
privacy concerns and high cost of biometrics system may hinder the
growth of this market. Furthermore, increasing usage of multimodal
biometrics to enhance the security level is expected to create huge
opportunities for this market in the upcoming years.
Browse the full report at with complete
TOC http://www.transparencymarketresearch.com/biometrics-technology-market.html
By application type, the non-AFIS biometrics systems accounted
for largest revenue share of 41.40% of the overall biometrics
technology market in 2012. With the advancements in technology,
silicon sensor prices used for fingerprint recognition have fallen
considerably. Such enduring advancements have made the sensors more
efficient and have resulted in lowering the production costs and
expanding their application in broader range of devices. As a
result, non-AFIS systems have become cost effective as compared to
the earlier ones. In addition, due to their user friendliness, they
are largely deployed in smart phones and laptops. Iris recognition
segment is expected to grow at the highest CAGR of 28.6% by 2019.
This is due to high accuracy level and stability possessed by
iris.
In case of end use segment, transport/visa/logistics and
government segments together accounted for more than 50% of the
overall biometrics technology market in 2012. This was due to the
increasing need for examining the traveler's credentials. As a
result, this end use segment is expected to dominate the other end
use segments by 2019. With the increasing usage of internet banking
for transactions, biometrics technology is largely being deployed
in the banking and finance sector. Hence, this end use segment is
expected to grow at the highest CAGR during forecast period.
North America accounted for
32.1% of the overall revenue share in 2012. This region is
anticipated to uphold its dominating share throughout the forecast
period. Asia Pacific is expected
to grow at the fastest CAGR of 22.0% from 2013 to 2019. With
numerous evolving economies in this region including India, China,
Australia and Japan among others, there is a strong
necessity for building infrastructure in terms of border security
and national identification. Hence, the Asia Pacific biometrics technology market is
expected to witness a faster growth as compared to Europe, the Middle
East and North America.
Related & Recently Published Reports by Transparency
Market Research
- Industrial And Commercial LED Lighting Market:
http://www.transparencymarketresearch.com/industrial-commercial-led-lighting-market.html
- Enhanced Oil Recovery (EOR) Market:
http://www.transparencymarketresearch.com/enhanced-oil-recovery.html
- Femtocells Market:
http://www.transparencymarketresearch.com/femtocells-market.html
- Power Management IC Market:
http://www.transparencymarketresearch.com/power-management-ics-market.html
- Passive Optical Network (PON) Equipment Market:
http://www.transparencymarketresearch.com/pon-equipment-market.html
- mHealth Monitoring And Diagnostic Medical Devices
Market:
http://www.transparencymarketresearch.com/mHealth-monitoring-diagnostic-medical-devices.html
- Photonic Integrated Circuit (IC) Market:
http://www.transparencymarketresearch.com/photonic-integrated-circuit.html
- Hyaluronic Acid Products Market:
http://www.transparencymarketresearch.com/hyaluronic-acid-products-market.html
Global biometrics technology market consists of large numbers of
domestic and multinational distinguished players. In 2012, the
global biometrics industry was dominated by Morpho SA (Safran) with
19.0% of the market share. Some of the other leading players
include 3M Cogent, NEC Corporation, DigitalPersona and Accu-Time
Systems among others.
The global biometrics technology market is segmented as
below:
By Application Type
- Face
- Hand geometry
- Voice
- Signature
- Iris
- AFIS
- Non-AFIS
- Others(DNA, typing rhythms)
Browse the full report at with complete
TOC http://www.transparencymarketresearch.com/biometrics-technology-market.html
By End Users
- Government
- Defense Services
- Banking and Finance
- Consumer Electronics
- Healthcare
- Home Safety & Security
- Commercial Safety & Security
- Transport/Visa/Logistics
- Others (Retail, hospitality, gaming and automobile)
By Region
- North America
- Europe
- Asia Pacific
- RoW
Browse Technology & Media Market Research Reports @
http://www.transparencymarketresearch.com/technology-market-reports-8.html
About Us
Transparency Market Research is a global market intelligence
company, providing global business information reports and
services. Our exclusive blend of quantitative forecasting and
trends analysis provides forward-looking insight for thousands of
decision makers. We are privileged with highly experienced team of
Analysts, Researchers, and Consultants, who use proprietary data
sources and various tools and techniques to gather, and analyze
information.
Our data repository is continuously updated and revised by a
team of research experts, so that it always reflects the latest
trends and information. With a broad research and analysis
capability, Transparency Market Research employs rigorous primary
and secondary research techniques in developing distinctive data
sets and research material for business reports.
Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free:
866-552-3453
Email: sales@transparencymarketresearch.com
Web: http://www.transparencymarketresearch.com/
Blog: http://www.tmrblog.com/
Browse Market Research News:
http://www.transparencymarketresearch.com/press-releases.htm
Browse Market Research Articles:
http://www.transparencymarketresearch.com/articles.htm