Tractica launches biometrics advisory service

May 15, 2015 - 

Tractica has launched its new biometrics advisory service, a subscription-based market research and analysis solution that provides strategy insights and market data for companies in the biometrics sector.

As part of the service, Tractica’s global team of industry analysts cover market trends and opportunities relating to biometric modalities, including technologies, hardware devices, and software and services across dozens of use cases that span consumer, enterprise, and government applications.

“The biometrics market is experiencing a period of unprecedented growth, driven largely by advances in mobile computing power and the increased availability and lower cost of robust sensor technology,” said Bob Lockhart, principal analyst at Tractica. “While technology is an important enabler, however, use cases define the biometrics market opportunity. As part of our analysis, Tractica has identified and classified 142 distinct use cases for biometrics, each of which has its own profile with regard to business function, industry, and modality.”

The advisory service examines a range of biometric modalities including fingerprint recognition, voice/speech recognition, facial recognition and thermography, iris scanning, retina scanning, eye white recognition, vein recognition, electrocardiogram recognition, and DNA recognition.

Tractica’s research focuses on both mobile and stationary technology solutions for biometrics.

Additionally, clients will be provided with timely and actionable market insights on specific technology and business sectors, including in-depth market sizing and forecasting for unit shipments and revenue, segmented by modality, technology, use case, industry sector, and world region.

The service provides clients with access to eight research reports per year, which provide a comprehensive analysis of market drivers and challenges, technology issues, and key industry participants for each biometric modality and application market.

Additionally, clients receive unlimited analyst inquiry access, quarterly conference calls, and a full-day onsite strategic advisory session.

Previously reported, Tractica published a new report titled “Biometrics for Mobile Devices”, which forecasts the worldwide mobile biometrics market will grow from $249 million in 2015 to reach $3.5 billion by 2024.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.