Global Biometric Authentication and Identification, By Modality, By Motility, By Application & By Geography - Analysis & Forecast 2016 -2022

View Updated Report: Global Biometric Authentication & Identification Market  Analysis And Forecast: 2018-2023

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The biometrics authentication and identification market is growing steadily owing to the global security and safety concerns faced in the present day. The global biometric ecosystem has been supportive in addressing security and authenticity issues of the industry through timely, accurate and convenient deployment of biometric measures. The development in the market is accredited to the enormous demand of stringent security protocols, security breaches, IoT landscape, speed of security clearance, ease of use, secure and robust systems against potential attackers among others. By virtue of this development, government (law enforcement, border security, id issuance and homeland security), enterprises, banking and financial institutions, commercial and other bodies have adopted biometric products to ensure overall protection and shelter to the population from any impeding global crisis.  

The increasing proliferation of smartphones, popularity of wearable technology, increasing adoption of biometric products and availability of a diverse range of biometric solutions are expected to keep driving the industry despite the financial, technological and security challenges impeding the ecosystem in several key market regions. Therefore, the global market estimation and forecast has been initiated with an exhaustive set of assumptions, following which market size information for both key geographical areas and key biometric modalities, applications, and platforms have been provided.

The report on ‘Global Biometrics Authentication and Identification: Analysis and Forecast, 2016-2022’ is a meticulous compilation of the various facets of the biometrics market including a thorough analysis of the different modes of biometric products mapped across different applications and geographical regions. The Porter’s Five Forces analysis, value chain analysis, and key developments have also been included in the report to understand the overall attractiveness of the industry. 

The report deals with all the driving factors, challenges, and opportunities with respect to the global biometric authentication and identification market, which are helpful in identifying trends and key success factors for the industry. The market values form a quintessential part of the report; herein the revenue generated from various systems and services provided in the biometric industry is tracked in order to calculate the market size. The study additionally presents a detailed analysis of the key push and pull forces prevailing in the global biometrics market and the estimation and forecast for market size over the time period, 2015 to 2022. 

While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the biometric systems. It also includes the key participants involved in the industry at the relevant sections. This report also focuses on the investments done in the biometric market based on business segments and geographical regions by the market participants.

The report answers the following questions about the global biometric authentication and identification market:
•    What are the key factors driving the market and how will the impact change through the forecast period?
•    What are the major factors challenging the growth of global biometrics authentication market and how can they be addressed through the forecast period?
•    How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
•    What kind of new strategies are being adopted by existing market players to position themselves better in the biometrics industry?
•    How will the competitive rivalry evolve through the forecast period?
•    Which factors will affect the growth of the biometrics market for individual biometric systems such as face recognition, palm vein recognition, fingerprint recognition, iris recognition and others during the forecast period?
•    Which factors will affect the growth of the biometrics market for different application areas like government, banking & financial institutions, healthcare, enterprise and others during the forecast period?
•    Which factors will affect the growth of the biometrics market for platforms such as fixed and mobile during the forecast period?
•    Which region will dominate the global market by the end of the forecast period?

The report puts special emphasis on the market share of the services provided in global biometric market, owing to the changing paradigms in the industry. In spite of this, due to the instances of failures in integration of biometric technologies and financial pressurein deployment of biometric solutions, a majority of companiesare adopting biometric services. 

Further, the report provides an exhaustive study of the global biometric authentication & identification market and the trends across geographical regions such as North America, Europe, APAC, and Rest of the World. The company profile section has been broken down into the publically traded companies and private companies. While the global companies have been chosen on the basis of their market developments and revenue generation, best-selling biometric brands/companies have also been profiled in the report. Some of the established technology players in biometric market are Apple, Synaptics Inc., 3M Cogent, Aware, HID Global, M2SYS, Precise Biometrics, Bio-Key International Inc., Applied Recognition, NEC Corporation and Tyco International etc.