China’s biometrics market to grow at a CAGR of 14.8% from 2015-2019, says report
Research and Markets has added a new report to their offering entitled “Biometrics Market in China 2015-2019”, which forecasts that China’s biometrics market will grow at a CAGR of 14.8% over the four-year period.
The report also highlights the growing emergence of mobile biometrics systems in China.
The adoption of cellphone-based face recognition is still in its early stages of development, confined to mostly deployments in government departments.
However, the growing advantage of face recognition will eventually lead these solutions to be deployed in smartphones in the coming years.
The report also highlights the increase in demand for e-passports and national ID cards being a major market driver, with the Chinese government issuing e-passports and national ID cards to all registered citizens.
Meanwhile, the presence of low-cost alternative technologies including swipe cards, token-based two-factor authentication, and software authentication will prove to be a major challenge impacting the growth of the biometrics market in China.
To calculate the market size, the report considers revenue generated from sales of biometrics solutions, including fingerprint identification, face recognition, iris recognition, voice biometrics, palm view biometrics, and others.
The report also provides detailed analysis of a range of end-users using biometrics in China, including the government sector, transit sector, BFSI sector, healthcare sector, and retail sector.
Key vendors highlighted in the report include NEC, Safran, Suprema and ZK Technology, as well as Ayonix, BioEnable Technologies, Cross Match Technologies, Fujistu, HID Global, Hitachi, Honeywell, Precision Biometric, and Rosslare Security.
The report covers such key topics as the market size and growth rate in 2019, market drivers, market challenges, key market trends, key vendors, market opportunities and threats facing vendors, and the strengths and weaknesses of vendors.