The global biometrics technology market is expected to reach USD 24.59 billion by 2020. Increasing demand for biometrics technology across various applications is expected to favor market growth over the next six years. Biometrics technology is used by several verticals in the private, public and commercial sectors to overcome security threats, which is expected to fuel market demand over the forecast period…………………………………………..
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The global biometrics technology market is expected to reach USD 24.59 billion by 2020. Increasing demand for biometrics technology across various applications is expected to favor market growth over the next six years. Biometrics technology is used by several verticals in the private, public and commercial sectors to overcome security threats, which is expected to fuel market demand over the forecast period. Increasing demand in consumer electronics to enhance customer experience is expected to drive the biometrics technology market over the next six years. Implementation in e-commerce applications may enable secure transactions and can provide new opportunities to the biometrics technology market. High initial investment may hinder market growth over the forecast period. Further key findings from the study suggest: Non-AFIS was estimated to be a considerable application segment in 2013 and accounted for over 35% of the overall market. This technology is used in various enterprises to enable authorized access owing to its accuracy and efficiency. The AFIS application segment is also expected to grow at a significant rate on account of its use for fingerprint and palm identification in many civil applications. Transportation & logistics emerged as the dominant end-use segment in 2013, and accounted for over 25% of the biometrics technology market in the same year. This technology is used for e-passport programs and to counter illegal migrations in various regions. Defense services are also expected to witness high growth over the forecast period. Biometrics technology can be used in banking and finance to increase efficiency and prevent frauds enabling it to grow at a significant rate over the next six years. North America was estimated to be the largest regional market in 2013, and is also expected to grow at a considerable rate over the forecast period. Biometrics technologies are used in various departments in the U.S. owing to their strict security standards. Asia Pacific is also expected to contribute significantly to market growth with increasing use of this technology in countries such as India, China and Indonesia. Various government initiatives to maintain internal and external security is expected to fuel the regional market growth over the next six years. Key market participants include NEC Corporation, Fujitsu Limited, Precise Biometrics AB, 3M Cognet, Hitachi, FaceFirst, etc. NEC Corporation created civilian fingerprint identification database for South Africa using AFIS biometrics technology eliminating about 45 million paper files. Cost effective solutions are expected to be a critical success factor for industry participants. For the purpose of this study, Grand View Research has segmented the global biometrics technology market on the basis of application, end-use and region: Biometrics Technology Application Outlook (Revenue, USD Million, 2012 – 2020) Biometrics Technology End-Use Outlook (Revenue, USD Million, 2012 – 2020) Biometrics Technology Regional Outlook (Revenue, USD Million, 2012 – 2020) Table of Contents Chapter 1. Executive Summary 1.1. Biometrics Technology - Industry Summary and Critical Success Factors (CSFs) Chapter 2. Biometrics Technology Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. Biometrics Technology Value Chain Analysis 2.4. Biometrics Technology Market Dynamics 2.4.1. Market Driver Analysis 2.4.2. Market Restraint Analysis 2.5. Key Opportunities Prioritized 2.6. Industry Analysis - Porter's 2.7. Biometrics Technology - Company Market Share Analysis, 2013 2.8. Biometrics Technology Market PESTEL Analysis, 2013 Chapter 3. Biometrics Technology Application Outlook 3.1. Face 3.1.1. Global market estimates and forecasts, 2012 – 2020 3.2. Hand Geometry 3.2.1. Global market estimates and forecasts, 2012 – 2020 3.3. Voice 3.3.1. Global market estimates and forecasts, 2012 – 2020 3.4. Signature 3.4.1. Global market estimates and forecasts, 2012 – 2020 3.5. Iris 3.5.1. Global market estimates and forecasts, 2012 – 2020 3.6. Automated Fingerprint Identification System (AFIS) 3.6.1. Global market estimates and forecasts, 2012 – 2020 3.7. Non AFIS 3.7.1. Global market estimates and forecasts, 2012 – 2020 Chapter 4. Biometrics Technology End-Use Outlook 4.1. Government 4.1.1. Global market estimates and forecasts, 2012 – 2020 4.2. Defense & Security 4.2.1. Global market estimates and forecasts, 2012 – 2020 4.3. Consumer Electronics 4.3.1. Global market estimates and forecasts, 2012 – 2020 4.4. Banking & Finance 4.4.1. Global market estimates and forecasts, 2012 – 2020 4.5. Healthcare 4.5.1. Global market estimates and forecasts, 2012 – 2020 4.6. Residential 4.6.1. Global market estimates and forecasts, 2012 – 2020 4.7. Commercial 4.7.1. Global market estimates and forecasts, 2012 – 2020 4.8. Transportation 4.8.1. Global market estimates and forecasts, 2012 – 2020 4.9. Others 4.9.1. Global market estimates and forecasts, 2012 – 2020 Chapter 5. Biometrics Technology Regional Outlook 5.1. North America 5.1.1. Biometrics technology market by application, 2012 – 2020 5.1.2. Biometrics technology market by end-use, 2012 – 2020 5.2. Europe 5.2.1. Biometrics technology market by application, 2012 – 2020 5.2.2. Biometrics technology market by end-use, 2012 – 2020 5.3. Asia Pacific 5.3.1. Biometrics technology market by application, 2012 – 2020 5.3.2. Biometrics technology market by end-use, 2012 – 2020 5.4. RoW 5.4.1. Biometrics technology market by application, 2012 – 2020 5.4.2. Biometrics technology market by end-use, 2012 – 2020 Chapter 6. Competitive Landscape 6.1 3M Cogent 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 Accu-time Systems 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 BIO-key International 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 CMI Time Management 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 David-Link 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 EyeVerify 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7 FaceFirst 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 Green Bit Biometric Systems 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Iris ID 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 Lockheed Martin 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives 6.11 MorphoTrust 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives 6.12 NEC Corporation 6.12.1 Company Overview 6.12.2 Financial Performance 6.12.3 Product Benchmarking 6.12.4 Strategic Initiatives 6.13 Pradotec 6.13.1 Company Overview 6.13.2 Financial Performance 6.13.3 Product Benchmarking 6.13.4 Strategic Initiatives 6.14 Smartmatic 6.14.1 Company Overview 6.14.2 Financial Performance 6.14.3 Product Benchmarking 6.14.4 Strategic Initiatives 6.15 ViRDI 6.15.1 Company Overview 6.15.2 Financial Performance 6.15.3 Product Benchmarking 6.15.4 Strategic Initiatives 6.16 WCC Smart Search and Match 6.16.1 Company Overview 6.16.2 Financial Performance 6.16.3 Product Benchmarking 6.16.4 Strategic Initiatives 6.17 ZKTeco 6.17.1 Company Overview 6.17.2 Financial Performance 6.17.3 Product Benchmarking 6.17.4 Strategic Initiatives Chapter 7. Methodology and Scope 7.1. Research Methodology 7.2. Research Scope & Assumption 7.3. List of Data Sources List of Tables 1. Biometrics technology – Industry Summary & Critical Success Factors (CSFs) List of Figures 1. Biometrics technology Market Segmentation |