Biometric Authentication & Identification Industry with Highest growth in the near future by leading key players
As the global population is
becoming more concerned for security and safety, the Biometrics Authentication And Identification Market is booming at rapid growth rate and is adopted
by almost all applications such as Government, Healthcare, Enterprises, Banking
and Financial Institutions, Consumer Electronics and Retail and Commercial
verticals.
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The global Biometrics Market
trends are shifting towards mobile biometrics devices from fixed biometrics
devices, and also, the trend of touch-less biometrics is emerging. The
biometric devices capture both physiological and behavioural aspects of human
beings. In terms of product, the biometrics devices would include products such
as fingerprint scanners, facial recognition devices, vein pattern scanners,
iris and retina scanners, voice modulation devices, and multimodal devices
among others. The integration of biometrics devices in wearable products and
rise of portable biometrics devices are the factors that are driving the
market.
The biometric authentication and identification
market has a very high potential in future. The upcoming wave of biometrics
devices is likely to shake number of industries such as Healthcare, Retail and
Commerce, Banking and Financial Institutions, Consumer Electronics and many
others. Some of the challenges that these devices faced include expensive
products, privacy concerns, and acceptance of technical up gradation.
Industry News
December. 2017 - Norwegian biometrics firm IDEX has
revealed a new large area sensor that is suited to use on biometric cards.
Based on IDEX's off-chip technology, the bendable sensor leverages the
company's advanced ASIC for usability in biometric card applications. IDEX
expects to begin sampling its large area sensor to customers in the first half
of 2018.
October, 2017 - Australia’s passport authority is building
in-house a new system to handle its facial recognition operations in
preparation for the high availability that will be required from two separate
government biometrics initiatives.
December, 2017 - Japan’s AEON Bank is trailing a
biometrics authentication system developed by Mofiria Corporation at its ATMs
and teller windows, allowing clients to make transactions without a bank card
or PIN. The Mofiria solution combines both finger vein and fingerprint
authentication technologies. Mofiria is providing the bank with the hybrid
biometrics device and related software library for finger vein authentication.
Global Biometric Authentication &
Identification Market - Competitive Analysis
Biometric devices and applications have marked
its presence in government organizations, private outfits and institutional
setups across the globe. It has become a primary identification method for
civil application in many developed as well as developing countries. Biometrics
is extensively being used in high security physical as well as logical access.
High security military area, nuclear reactors, weapon development facilities,
etc. are using biometrics to safeguard the facility and keep intruders away. It
is also being used in border control, where identity of people, seeking entry
in a country, are verified against what is on record, and unknown people are
identified with automated biometric recognition. Biometric devices and
applications seem to taking over the world by storm, however, in terms of
market penetration, they are still their infancy.
Key Players:
Safran SA (France), NEC Corporation (Japan),
Fujitsu Ltd. (Japan), BIO-Key International, Inc. (U.S.), Precise Biometrics AB
(Sweden), Secunet Security Networks AG (Germany), Thales SA (France), Aware,
Inc. (U.S.), Cognitec Systems GmbH (Germany), Cross Match Technologies (U.S.),
Fulcrum Biometrics, LLC (U.S.), Daon, Inc. (U.S.), Facebanx (U.K.), and 3M
Cogent, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis
and are at the forefront of competition in the Global Mobile Security Market.
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Global Biometric Authentication &
Identification Market - Segmentation
The Biometric Authentication Market can be
segmented in to 5 key dynamics for the convenience of the report and enhanced
understanding;
Segmentation by authentication type: Comprises
Single Factor Authentication (Fingerprint Recognition, Iris Recognition, Palm
Print Recognition, Face Recognition, Vein Recognition, Signature Recognition),
Multi-Factor Authentication (Biometrics combined with Smart Card Technology,
Biometrics combined with Pin Technology)
Segmentation by Motility: Comprises Fixed and
Mobile
Segmentation by component: Comprises hardware
(Fingerprint readers, Scanners, Camera)
Segmentation by Application : Comprises
Enterprise, Banking and financial institutions, Government, Healthcare,
Consumer electronics and Retail and commerce among others.
Segmentation by Regions: Comprises Geographical
regions - North America, Europe, Asia Pacific and Rest of the World.
Global Biometric Authentication &
Identification Market - Regional Analysis
North America lead the market for global
biometric authentication & identification in 2016, followed by Europe and
Asia Pacific. The North America has made considerable investments in setting up
biometrics-based security solutions at its borders and airports through its
customs and border protection (CBP), a government agency to monitor the influx
of immigrants and tourists. All these developments have led to the growth of
the biometric system market in North America.
Asia Pacific is adapting biometric systems at a
very rapid speed. Ongoing government projects which include issuance of
e-passports & visas, and unique identification cards under the Aadhar
System (in INDIA), have played a major role in boosting demand for biometric systems
in Asia Pacific. Growing digitization in the government sector is expected to
further propel use of biometric technology in the country over the next five
years
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