Latin American biometrics market to grow almost 25% through 2018

July 29, 2014 - 

Technology research and advisory company TechNavio has published a new report “Biometrics Market in Latin America 2014-2018”, which projects that the biometrics market in Latin America will grow at a CAGR of 23.7% between 2013-2018.

In its analysis of Latin America, the report focuses specifically on the biometrics markets of Mexico, Brazil, and Argentina – all of which have seen strong growth in recent years.

The report covers a range of topics, including market landscape, market segmentation by technology, market segmentation by end-users, key leading countries, buying criteria, market growth drivers, market trends, and vendor landscape.

Companies mentioned in the report include 3M Cogent Inc., Lumidigm Inc., NEC Corp., Safran SA, Aware Inc., BIO-Key International Inc., Cognitec Systems GmbH, Cross Match Technologies Inc., DigitalPersona Inc., Fujitsu Ltd., GAMASIS SA DE CV, Griaule biometrics, Innovatrics sro, M2SYS LLC, Neokoros TI LTDA, Precise Biometrics Inc., Sixbell, Suprema Inc. and ZKTeco Inc.

The report comes on the heels of a previous report that projected that the Indian biometrics market is expected to grow at a CAGR of 44.22 percent between 2013-2018.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.