Global Biometrics Market (2014-2020): Market Forecast By Technologies, Applications, End Use, Region

Category: Business

North America is the leader in global biometrics market, however, Asia-Pacific is expected to surpass by 2015, on account of growing government biometric based projects, cyber security market, and IT security spending. Additionally, increasing terrorist activities and crime rates have further driven biometrics market, globally. Fingerprint biometrics is the key revenue generating biometric technology in global market and is anticipated to continue its domination through the forecast period; though, higher growth of face, IRIS, vein and multimodal biometrics systems are exhibited in the coming years. Figure 1: Global Biometrics Market Revenues, 2010-2020F ($ Billion)Brazil Biometrics Market Source: 6Wresearch In global biometrics market, government & transportation application accounted for largest of the revenue share, owing to government biometric based projects such as national ID cards, biometric passports, visa and others. On the contrary, commercial offices accounts for majority of the biometric systems’ volume sales, where fingerprint biometric based time & attendance systems have been sold largely. In biometrics market, consumer electronics application is growing at tremendous rate due to increasing demand for biometric enabled smartphones and tablet PCs. Figure 2: Biometric Technologies Comparison (2013)Brazil Biometrics Market Source: 6Wresearch Globally, market for multimodal biometrics systems is expected to surge owing to their increasing penetration in government & transportation application. Usage of these systems in national IDs and biometric passports & visas majorly are fueling multimodal biometrics market. The report estimates and forecast overall Global Biometrics Market by revenue & volume and by technologies. The report segments biometrics market by applications such as government & transportation, commercial offices, industrial, defense, hospitality & healthcare, banking & financial, retail and consumer electronics. The report also gives insights on market share by companies, price trends, market trends, company profiles, upcoming government projects, product matrix, competitive positioning, market drivers and restraints.