Biometric System Market Global Industry Analysis By Top Key Players, Application and Market Share to 2022
The global biometric system market is expected to grow exponentially over the forecast period. Biometric technology uses a physical or psychological trait for identification or authentication.
The global biometric system market is expected to grow exponentially over the forecast period. Biometric technology uses a physical or psychological trait for identification or authentication.
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<strong>Biometric</strong> <strong>System</strong> <strong>Market</strong>: <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong><br />
<strong>By</strong> <strong>Top</strong> <strong>Key</strong> <strong>Players</strong>, <strong>Application</strong> <strong>and</strong> <strong>Market</strong> <strong>Share</strong><br />
<strong>to</strong> <strong>2022</strong><br />
“The global biometric system market is expected <strong>to</strong> grow<br />
exponentially over the forecast period. <strong>Biometric</strong> technology<br />
uses a physical or psychological trait for identification or<br />
authentication. <strong>By</strong> using physical traits, the provider of the trait<br />
always has them with him or her. It can be in the form of the<br />
face, fingerprints, voice, palm, iris, signature, <strong>and</strong> DNA which<br />
can be measured, recorded, <strong>and</strong> quantified.”<br />
The global biometric system market is expected <strong>to</strong> grow exponentially over the forecast period. <strong>Biometric</strong> technology<br />
uses a physical or psychological trait for identification or authentication. <strong>By</strong> using physical traits, the provider of the<br />
trait always has them with him or her. It can be in the form of the face, fingerprints, voice, palm, iris, signature, <strong>and</strong><br />
DNA which can be measured, recorded, <strong>and</strong> quantified. These are used <strong>to</strong> mark or identify a person. <strong>Biometric</strong>s system<br />
is usually used for identification <strong>and</strong> access control. <strong>Biometric</strong>s uses personal features that are inseparable from an<br />
individual, thus improving security.<br />
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The growing use of a biometric technology in cloud computing <strong>and</strong> the e-commerce platform for a biometric<br />
technology offer ample opportunities for the biometrics system market. Alternatively, fac<strong>to</strong>rs such as government<br />
initiatives <strong>to</strong> implement biometrics in several fields, increased privacy needs in smartphones, execution of biometric<br />
technology in criminal identification <strong>and</strong> election administration, <strong>and</strong> the introduction of e-passports are expected <strong>to</strong><br />
propel the growth of the global biometrics system market.<br />
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One of the major challenges faced by this market is strict control <strong>to</strong> access available government databases as theft of<br />
biometric information can lead <strong>to</strong> a serious threat <strong>to</strong> nation security. For a long time, the use of biometrics was limited<br />
<strong>to</strong> forensic applications. Recently, however, it has become possible <strong>to</strong> digitize, s<strong>to</strong>re, <strong>and</strong> retrieve biometric pattern<br />
<strong>and</strong> have them processed by computers. Large scale deployment can thus be envisaged in, for instance, passports,<br />
voter ID cards, national ID cards, <strong>and</strong> driver’s licenses, which will reduce waiting time at border control or for welfare<br />
disbursement. <strong>Biometric</strong>s provides a challenging solution <strong>to</strong> increased security needs, as it bases verification on<br />
aspects that are specific <strong>to</strong> each individual.<br />
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<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key Regions, with production, consumption, revenue (million<br />
USD), market share <strong>and</strong> growth rate of <strong>Biometric</strong> <strong>System</strong> in these regions, from 2012 <strong>to</strong> <strong>2022</strong> (forecast), covering<br />
• United States<br />
• EU<br />
• China<br />
• Japan<br />
• South Korea<br />
• Taiwan
<strong>Global</strong> <strong>Biometric</strong> <strong>System</strong> market competition by <strong>to</strong>p manufacturers, with production, price, revenue (value) <strong>and</strong><br />
market share for each manufacturer; the <strong>to</strong>p players including<br />
• Digital Persona Inc<br />
• NEC Corporation<br />
• Fujitsu Ltd<br />
• 3M Cogent<br />
• Morph S.A.S<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong> growth rate of each<br />
type, primarily split in<strong>to</strong><br />
• Face Recognition<br />
• Fingerprint Recognition<br />
• Iris Recognition<br />
• Palm Recognition<br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for major applications/end<br />
users, consumption (sales), market share <strong>and</strong> growth rate of <strong>Biometric</strong> <strong>System</strong> for each application, including<br />
• Government<br />
• Military & Defense<br />
• Healthcare<br />
• Banking & Finance<br />
• Consumer Electronics
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