Next Generation Biometrics Market worth $21 billion by 2020

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To Enquire About the Report Click Here KEY MARKET INSIGHTS The biometric industry is estimated to touch $21 billion by 2020 The growing demand for the data protection in electronic devices (laptops, tablets, and mobile), financial services and government documents is set to drive the bio-metric market In the biometric technology market, fingerprint recognition contributes for the largest percentage share, followed by face and iris Travel and immigration is the major application, followed by government and defence Geographically, North America is the market leader, followed by Europe and APAC 3M Cogent Inc. and NEC Corporation have developed new type of biometrics clubbing voice and finger print recognition into one module called as multimodal. This technology yields more reliable results compared to single biometric technology The Vein recognition is the advanced techniques used by biometric industry and is gaining huge acceptance in the Asian Pacific countries. The online payment mode which is prone to high risk of data loss will be the key driver for finance companies to use biometrics for secure online transactions. MasterCard and Visa have launched the payment security services using biometrics
To Enquire About the Report Click Here RESEARCH METHODOLOGY The quantitative and qualitative data collected for the Next Generation Biometrics report is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or mangers in the Next Generation Biometrics Industry. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by product types and geography based on different factors like primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights. We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive technical and commercial study of the Next Generation Biometrics market. The key players in the market and its value chain were identified through secondary research and their market opinions were also gathered in a similar way through telephonic interviews and questionnaires. We have also studied the annual reports of these top market players. Interviews with key opinion leaders such as directors, managers, and marketing personnel were used extensively in understanding the need and emergence of Next Generation Biometrics market. We also have extensive database of contacts which were used to conduct primary interviews and also to get their inputs using questionnaires.
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Next Generation Biometrics Market worth $21 billion by 2020

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