Biometric System Market Segmentation, Forecast Analysis by Types and Regions 2017-2022
The
global Biometric System Market is
expected to grow exponentially over the forecast period. Biometric technology
uses a physical or psychological trait for identification or authentication. By
using physical traits, the provider of the trait always has them with him or
her. It can be in the form of the face, fingerprints, voice, palm, iris,
signature, and DNA which can be measured, recorded, and quantified. These are
used to mark or identify a person. Biometrics system is usually used for
identification and access control. Biometrics uses personal features that are
inseparable from an individual, thus improving security.
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The growing
use of a biometric technology in cloud computing and the e-commerce platform
for a biometric technology offer ample opportunities for the biometrics system
market. Alternatively, factors such as government initiatives to implement
biometrics in several fields, increased privacy needs in smartphones, execution
of biometric technology in criminal identification and election administration,
and the introduction of e-passports are expected to propel the growth of the
global biometrics system market.
Growing
security concerns have significantly increased the usage of biometrics system
in organizations. One of the key factors
fueling the market is the increased threats to national security. Increasing
thefts and terrorist activities related to critical data have forced the
government to implement biometrics system in several government organizations.
The increased business rivalry has raised confidentiality needs for
organization’s information and data. Incapability of security pins and
passwords to fully secure the data has increased the usage of biometrics
system. Biometrics systems are also used for facilities like driving license
and e-passport. An initiative by the Indian government to offer every citizen
Unique Identity Cards (UID) namely Aadhar card, which contains biometric data
of an individual has propelled the growth of biometrics system market.
Improvement in technology has increased the biometrics systems that can scan
numerous personal traits. Cost reduction of these systems has driven the market
growth in recent past.
One
of the major challenges faced by this market is strict control to access
available government databases as theft of biometric information can lead to a
serious threat to nation security. For a long time, the use of biometrics was
limited to forensic applications. Recently, however, it has become possible to
digitize, store, and retrieve biometric pattern and have them processed by
computers. Large scale deployment can thus be envisaged in, for instance,
passports, voter ID cards, national ID cards, and driver’s licenses, which will
reduce waiting time at border control or for welfare disbursement. Biometrics
provides a challenging solution to increased security needs, as it bases
verification on aspects that are specific to each individual.
The key market players dominating
the global market for identity and access management includes Safran SA
(France), 3M Cogent Inc. (U.S.), Fulcrum Biometrics (U.S.), Bio-key
International, Inc. (U.S.), Fujitsu Ltd. (Japan), Secunet Security Networks AG
(Germany), NEC Corporation (Japan), Cross Match Technologies (U.S.), Thales SA
(France), Suprema Inc. (South Korea), and Precise Biometrics AB (Sweden).
Segmentation on the basis of
Product Types,
•
Face Recognition
•
Fingerprint Recognition
•
Iris Recognition
•
Palm Recognition
•
Voice Recognition
•
Signature Recognition
•
Vein Recognition
Segmentation on the basis of End-Users/Applications,
•
Government
•
Military & Defense
•
Healthcare
•
Banking & Finance
•
Consumer Electronics
•
Travel & Immigration
•
Security
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Geographically, this
report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Biometric System in
these regions, from 2012 to 2022 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan
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