Brazilian biometrics market to reach $998.3M in 2019, up from $269.3M this year
The Brazilian market for biometric technologies is set to heat up, according to a newly-published report in the Research and Markets catalogue.
According to the report, “Brazil Biometrics Market: 2014-2019,” the overall market is expected to reach $998.3 million in 2019, from $269.3 million in 2014, at an estimated CAGR of 30.8%.
Growing use of PCs and consumer gadgets, along with identity fraud and crime rates, tourist safety, improved healthcare and upcoming FIFA and Olympics events are all driving growth in the region.
Brazil is a major forerunner in economic and infrastructure development across the globe and is seeing growth almost across the board. Brazil’s market, being in the early phase of an industry cycle, is less organized domestically and much of the market demand is supplied by foreign company products. However — say the report’s publishers — in the near future, new domestic players are likely to emerge and new product developments could be witnessed in the region.
The newly-published report covers biometric technologies, including fingerprint, iris recognition, face recognition, voice recognition, hand geometry and signature scanning. Market forecasts and revenue is given from 2011 to 2019, though a CAGR is only given from 2014-2019.
Article Topics
Brazil | market-sizing | Research and Markets
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RT @BiometricUpdate: Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year http://t.co/i1f6FTyog8 @researchmarke…
RT @BiometricUpdate: Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year http://t.co/i1f6FTyog8 @researchmarke…
RT @BiometricUpdate: Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year http://t.co/i1f6FTyog8 @researchmarke…
Saurabh Rathore liked this on Facebook.
Brazilian biometrics market to reach $998.3M in 2019, up from $269.3M this year: The Braz… http://t.co/dlYmSgmLGC via @BiometricUpdate
RT @BiometricUpdate: Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year http://t.co/i1f6FTyog8 @researchmarke…
Brazilian biometrics market to reach $998.3M in 2019, up from $269.3M this year:
http://t.co/e7SwUqebDy
Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this yr http://t.co/rFkq94npqe via @BiometricUpdate
RT @BiometricUpdate: Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year http://t.co/i1f6FTyog8 @researchmarke…
According to a new report, the #Biometrics market in Brazil is expected to grow to $998.3 million by the year 2019. http://t.co/q25pp6gmzo
RT @digibiometrics: According to a new report, the #Biometrics market in Brazil is expected to grow to $998.3 million by the year 2019. htt…
RT @digibiometrics: According to a new report, the #Biometrics market in Brazil is expected to grow to $998.3 million by the year 2019. htt…
Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year via @BiometricUpdate http://t.co/z9Yn4J2DZ1
RT @eyeverify: Brazilian #biometrics market to reach $998.3M in 2019, up from $269.3M this year via @BiometricUpdate http://t.co/z9Yn4J2DZ1
Brazil hosting the next World Cup, Olympics, and a forerunner in the biometric field. http://t.co/CpvTOxn0tO