FB pixel

Europe, North America to dominate 2015 biometrics market: Frost & Sullivan

| Justin Lee
Categories Biometrics Market Reports  |  Biometrics News  |  Fingerprint Recognition
Europe, North America to dominate 2015 biometrics market: Frost & Sullivan
 

Frost & Sullivan has published its latest report entitled “2015 Global Outlook of the Biometrics Industry“, which predicts that Europe and North America will dominate the 2015 biometrics market.

The 70-page report forecasts that the larger regions of the biometrics market will generate 74% of global revenue due to government adoption.

The global biometrics market at large is expected to undergo a significant growth in both public and commercial applications as a result of the uptake of multiple technologies available, according to the report.

Furthermore, the biometrics market will experience a transformation this year that will improve the growth of biometrics in existing applications as well as in new applications in healthcare, finance, and retail.

This growth will also lead to a demand for services in specific applications – a trend which biometrics companies will capitalize on, the report finds.

The report segments the global biometrics market by region, including the Americas (North and Latin America); Europe, Middle East, and Africa; and Asia-Pacific.

Examining market revenue by region, application, and technology, the report finds that the most important emerging vertical markets are financial services, retail, healthcare, industrial, IT and telecom, and manufacturing.

The report finds that growth opportunities in education, gaming, hospitality, and healthcare will likely increase.

Meanwhile, APAC’s financial services market is expected to adopt biometrics, especially for ATMs.

Though the fingerprint was the most-used biometric technology in 2014, this will change throughout the remainder of 2015 with biometric technologies such as face, palm, and finger vein expected to be adopted across different applications.

The report also found that the retail sector is likely to adopt more biometrics technologies to monitor customer buying patterns that will directly help in stock maintenance and providing customized services at all times.

Article Topics

 |   | 

Latest Biometrics News

 

Biometrics providers and systems evolve or get left behind

Biometrics are allowing people to prove who they are, speeding journeys through airports, and enabling anonymous online proof of age,…

 

Findynet funding development of six digital wallet solutions

Finnish public-private cooperative Findynet has announced it will award 60,000 euros (US$69,200) to six digital wallet vendors to help translate…

 

Patchwork of age check, online safety legislation grows across US

As the U.S. waits for the Supreme Court’s opinion on the Texas case of Paxton v. Free Speech Coalition, which…

 

AVPA laud findings from age assurance tech trial

The Age Verification Providers Association (AVPA), and several of its members, have welcomed the publication of preliminary findings from the…

 

Sri Lanka to launch govt API policies and guidelines

Sri Lanka’s government, in the wake of its digital economy drive, is gearing up to release application programming interface (API)…

 

Netherlands’ asylum seeker ID cards from Idemia use vertical ICAO format

The Netherlands will introduce new identity documents for asylum seekers Idemia Smart Identity, compliant with the ICAO specification for vertical…

Comments

23 Replies to “Europe, North America to dominate 2015 biometrics market: Frost & Sullivan”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Continue Reading

Biometric Market Analysis

Most Viewed This Week

Featured Company

Learn More

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events