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

 

Digital sovereignty, infrastructure and credential formats colliding

Digital credential formats are on the verge of being sucked into a global debate over the nature of sovereignty with…

 

Digital ID for alcohol sales is coming to the UK: hear what it means for the identity sector

For about two years now, leaders in the UK have been promising that, soon, people will be able to use…

 

Ant International, Visa, Mastercard work to make agentic protocols interoperable 

Ant International, Mastercard and Visa are collaborating on a Know-Your-Agent (KYA) interoperability framework, which a release says is “designed to…

 

Unico acquires biometrics provider Valida, gaining entry into Argentina market

Unico has announced it signed a definitive agreement to acquire Valida, “an Argentine biometric identity verification platform with an established…

 

KPMG investment in Reality Defender backs hiring spree to fight deepfakes

U.S.-based KPMG LLP has taken a minority stake in deepfake detection developer Reality Defender and plans to integrate its fraud-protecting…

 

Australia expands eSafety powers, doubles penalties in platform accountability push

Australia’s parliament has formally passed the Online Safety Amendment (Strengthening Enforcement for the Social Media Minimum Age) Bill 2026, granting…

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

Market Intelligence

Featured Company

Learn More

Biometric Update Podcast

Most Read This Week

White Papers

Latest Webinars

Biometrics Industry Events