Next Generation Biometrics Market - Global Industry Analysis, Trends, and Forecast 2022 - 2027
The global next generation biometrics market is expected to surpass US$ 25 Billion during the forecast period.
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Major Players
- Safran SA
- Suprema Inc
- NEC Corporation
- 3M Cogent Inc
- Fujitsu Ltd
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
24
REPORT DESCRIPTION
Biometrics is the technique used for identifying, authentication and verifying the individuals. Rising the figure of security treats, unauthorized transaction at ATM are the main reason to growth new generation biometrics. It is skill that are applied for authentication of characteristics of persons through biological characteristics which includes fingerprints, signature, voice pattern, facial pattern, palm, vein, iris and dna. These techniques are simple to use, secure and produce accurate result. Biometric technology helps to gather digitalized information which is not possible to rebuild. Facial pattern and fingerprints are frequently used techniques. The new biometric technique is DNA identification. Some of techniques are unique and stable.
The global next generation biometrics market is expected to surpass US$ 25 Billion during the forecast period.
The major driving factors of next generation biometrics market are as follows:
o Government plans to take up biometrics in different fields.
o Introduction of Biometrics techniques in smart-phones.
o Beginning of Electronic Passport.
o Enhancement of Biometric techniques usage for criminal, banking and healthcare
The restraining factors of next generation biometrics market are as follows:
o Panic regard to privacy disturbance
o Biometric techniques require high price of installation.
Biometrics next generation market is segmented on the lines of its applications, technology and function. The next generation biometric market is segmented on the lines of its technology like face recognition, hand geometry recognition, signature recognition, vein recognition, iris recognition, voice recognition, palm print/hand recognition, fingerprint recognition and DNA recognition. In regards to its function the next generation biometric market wraps contact & non-contact biometrics techniques. Under application segmentation it covered government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, security, and others.The next generation biometric market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries
This report provides:
1) An overview of the global market for next generation biometrics and related technologies.
2) Analyses of global market trends, with data from 2018 to 2027, along with CAGR for 2022-2027, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for next generation biometrics
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of next generation biometrics with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include:
• Safran SA
• NEC Corporation
• 3M Cogent Inc.
• Fujitsu Ltd.
• Suprema Inc.
• Cross Match Technologies
• Fulcrum Biometrics
• Thales SA
• Bio-Key International Inc.
• Precise Biometrics AB
• Secunet Security Networks AF
Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Next generation biometrics Market has been segmented as below:
by Technology Analysis
Face recognition
Fingerprint recognition
Iris recognition
Palm print/hand recognition
Hand geometry recognition
Voice recognition
Signature recognition
DNA recognition
Vein recognition
by Function Analysis
Contact biometrics technologies
Non-contact biometrics technologies
by Application Analysis
Security
Government
Military & defense
Healthcare system
Banking & finance
Consumer electronics
Travel & immigration
by Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all active and planned next generation biometrics industry globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of next generation biometrics industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.
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The Next generation biometrics Market has been segmented as below:
by Technology Analysis
Face recognition
Fingerprint recognition
Iris recognition
Palm print/hand recognition
Hand geometry recognition
Voice recognition
Signature recognition
DNA recognition
Vein recognition
by Function Analysis
Contact biometrics technologies
Non-contact biometrics technologies
by Application Analysis
Security
Government
Military & defense
Healthcare system
Banking & finance
Consumer electronics
Travel & immigration
by Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of next generation biometrics market?
The market is expected to grow at a CAGR of 24.5% during the study period (2022-2027)
How big is the next generation biometrics market value?
The global next generation biometrics market is expected to surpass US$ 25 Billion during the forecast period.
What is the segment’s covered for the next generation biometrics market?
The segment included in next generation biometrics market is Technology, Function, Application and region.
Who are the major key vendors in the next generation biometrics market?
Some key players operating in the next generation biometrics market include Safran SA, NEC Corporation, 3M Cogent Inc., Fujitsu Ltd., Suprema Inc., Cross Match Technologies, Fulcrum Biometrics, Thales SA, Bio-Key International Inc.
What are the different forms of the report available?
We can offer several formats of the market research reports including,
• PDF
• PPT
• Spreadsheet/ Workbook
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