7 months ago

Biometrics Technology Market Development Trend and Outlook Analysis by 2025

The Global Biometrics Technology Market size was valued at over USD 10 billion in 2015. This technology has its applications in public, commercial and private sectors. Biometrics is related to human characteristics which identify fingerprint, palm veins.

End-Use Insights: The

End-Use Insights: The demand in the government sector is expected to grow rapidly over the forecast period to prevent issues such as illegal immigration and identity theft. The commercial sector is anticipated to experience increased demand on account of growing application in defense and security end-use. For recent implementations in mobile and online payments, it is protected by biometrics over its security concerns. This technology also has end-use in consumer electronics, healthcare, security, and defense. Regional Insights: Biometrics technology is majorly used around the world to counter the threats posed by terrorists worldwide. North America is expected to be the major market where U.S. is the most dominant country and will grow rapidly over the forecast period. Asia Pacific is expected to be the fastest growing market owing to the significant demand in China and India over the forecast period. Initiatives such as UIDAI in India which use face, fingerprint and iris biometrics are expected to augment demand over the forecast period. Browse Full Research Report @ Competitive Insights: The industry participants in the market comprise of companies such as Precise Biometrics AB, NEC Corporation, 3M Cogent, Fujitsu Limited, FaceFirst, Nuance Communications, and Hitachi. 3M Cognet has recently introduced a wide range of palm print and fingerprint identification products with innovative features. The market is characterized by high merger and acquisition activity. 3M Cogent has entered into partnerships with companies such as Siemens, BlackBerry, Accenture, Sun Microsystems, and Lockheed Martin for the application of bluetooth-enabled portable fingerprint scanner, which is highly preferred mobile biometric industry. Market Segment: Biometrics Technology End-Use Outlook (Revenue, USD Million; 2014 - 2025) Government Banking and Finance Consumer Electronics Healthcare Transport/Logistics See More Reports of this Category by Million Insights @ Biometrics Technology Application Outlook (Revenue, USD Million; 2014 - 2025) Face Hand Geometry Voice Signature

Iris Biometrics Technology Regional Outlook (Revenue, USD Million,2014 - 2025) North America Europe Asia Pacific Latin America The Middle East & Africa Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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