Next-generation biometrics market to reach $24.4B by 2020: Report
Markets and Markets recently published a 178-page report addressing the next-generation biometrics market, which is expected to undergo a 17.9% CAGR to reach $24.4 billion by 2020.
This forecasted growth in the global biometrics market over the next five years can be attributed to numerous drivers, including government initiatives across the world to adopt biometrics systems for the purpose of identification and verification, the introduction of e-passports, and the use of biometrics in criminal identification.
As such, the use of biometrics in e-commerce and cloud computing solutions for biometrics have positioned themselves as key opportunity areas for the market.
The report describes the value chain for the next-generation biometrics market by considering all the major stakeholders in the market and their roles in the analysis, as well as providing a detailed study of the Porter’s five forces analysis of the market.
Additionally, the report offers a brief description of the major players that are active in the biometrics market — Safran SA (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), and Suprema Inc. (U.S.) – while covering the competitive landscape of these players, including key growth strategies and recent developments.
The report segments the next-generation biometrics market on the basis of technology, including face recognition, fingerprint recognition, iris recognition, palm print/hand recognition, hand geometry recognition, voice recognition, signature recognition, DNA recognition, vein recognition, and others.
The next-generation biometrics market is also further segmented on the basis of function which includes contact and non-contact biometrics technologies.
Finally, the report segments the next generation biometrics market on the basis of application such as government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, security, and others, with travel and immigration being the leading application.
Article Topics
biometrics | epassport | facial recognition | fingerprint | identity verification | iris recognition | market report | vein recognition
Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/9sH30SBqqB
Next-generation biometrics market to reach $24.4B by 2020: Report http://t.co/WLKOTKYj2K
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/9sH30SBqqB
Next-generation #biometrics market to reach $24.4B by 2020: Report http://t.co/GsLu72IUPC
Next-generation biometrics market to reach $24.4B by 2020: Report: Markets and Markets re… http://t.co/pkKr9G9zbn via @BiometricUpdate
#CloudComputing Next-generation biometrics market to reach $24.4B by 2020: Report: As such, the use of biometr… http://t.co/1DBomlJfkc
RT @hostgatorcodes: #CloudComputing Next-generation biometrics market to reach $24.4B by 2020: Report: As such, the use of biometr… http:…
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/9sH30SBqqB
Next-generation #biometrics market to reach $24.4B by 2020 http://t.co/FVleC9a6Jx via @BiometricUpdate by @BiometricJustin
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/F7hvdmEgRU
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/nHMjlEATdP
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/5VnBBR3TFQ
Next-generation biometrics market to reach $24.4B by 2020: Report | BiometricUpdate http://t.co/vObrjbrhWS #biometrics
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/9sH30SBqqB
Next-generation biometrics market to reach $24.4B by 2020: Report: Markets and Markets re… http://t.co/RnnJQ2mOV5 via @BiometricUpdate
RT @BiometricUpdate: Next-generation #biometrics market to reach $24.4B by 2020 – report: http://t.co/9sH30SBqqB
RT @TOC_biometrics: Next-generation biometrics market to reach $24.4B by 2020: Report: Markets and Markets re… http://t.co/RnnJQ2mOV5 vi…
Next-generation biometrics market to reach $24.4B by 2020: Report | BiometricUpdate http://t.co/J33uw9cQvy #biometrics
http://t.co/zzbJWiTC5D
Next-generation biometrics market to reach $24.4B by 2020: Report | BiometricUpdate http://t.co/D05lsNaT8P #biometrics
RT @7SealsOfTheEnd: Next-generation biometrics market to reach $24.4B by 2020: Report | BiometricUpdate http://t.co/J33uw9cQvy #biometrics