Biometrics Market Growth and Forecast By Key Players: NEC Corporation, CMI Time Management, M Cogent, BIO-Key International, and Lockheed Martin
Biometrics Market anticipated to grow substantially to 2024
(EMAILWIRE.COM, August 08, 2018 ) Market Overview: -
Increasing adoption of technology in the security vertical and the confluence of organizations to meet authentication standards has added a renewed dynamism to biometrics market. With the biometrics technology having marked its presence across the security landscape, it is now rapidly penetrating its way into consumer, government, and industrial systems. Based on the concept of statistical analysis of biological data, the biometrics technology is proclaimed to be less prone to cybercrimes and hacking.
Recently, Mexico’s National Banking and Security Commission has announced a new regulation in the country that would require all the banks to deploy fingerprint scanners for the clients by 2018. Another instance is of FacePhi Biometria, where the company is seen signing deals to bring its selfie-based authentication system especially in the financial sector. Similar moves are likely to materialize in the coming years, in turn, propelling biometrics industry size.
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Top Key Players: -
Global biometrics market is rather fragmented with some of the prominent players including NEC Corporation, CMI Time Management, M Cogent, BIO-Key International, and Lockheed Martin having established foothold in this business space.
Market share calculation in this report is not done based on companies covered in it. The calculation of biometrics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Favorable regulatory landscape has significantly driven North America biometrics market. Biometric applications in security and government sectors of U.S. are driving the regional market trends. In fact, statistics claim, North America with U.S. at the helm will represent more than 30% of the overall biometrics industry share by 2024.
Asia Pacific will also turn out to be another lucrative belt witnessing a remarkable growth. Several governmental initiatives in China and India like CRIC (China Resident Identity Card), UIDAI Aadhar enrollment program emphasizes on logging through biometric technology for ensuring authenticated and secured identification of the individuals. Implementation of these programs has profoundly favored the commercialization of biometrics industry in APAC.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/493
Partial Chapter of the Table of Content
Chapter 5. Biometrics Market, By Application
5.1. Global biometrics market share by application, 2016 & 2024
5.2. Banking & finance
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Defense Services
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. Government
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Consumer electronics
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
5.6. Healthcare
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013-2024
5.7. Transport/Visa/Logistics
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013-2024
5.8. Others
5.8.1. Market estimates and forecast, 2013-2024
5.8.2. Market estimates and forecast, by region, 2013-2024
Browse Full Report @ https://bit.ly/28NU5bp
The increasing accessibility of smartphones along with a significant expansion of consumer electronics sector over the recent years have been the major factors proliferating the global biometrics market trends. The advent of technology has enabled biometric identification in smartphones for identification of the owner during unlocking the device as well as during making payment, which unquestionably provides additional handset security. Apple Inc, the technology conglomerate, is considered to be one of the precursors in the biometrics market, driving fingerprint recognition in consumer electronics. The introduction of Touch ID fingerprint recognition system in their advanced iPhone series is profoundly a major breakthrough in the overall biometrics industry dynamics. Reportedly, the tech giant is soon to bring another groundbreaking innovation in the landscape with the launch of advanced facial recognition system in their upcoming edition (iPhone 8), that is claimed to be much more secured and faster than the present Touch ID fingerprint reader.
The integration of biometrics in BFSI sector to enable safer transactions and payments is further allowing better penetration of biometrics industry. In this regard, Apple’s mobile payment service, Apple Pay has been gaining a humongous popularity. Launched in 2014, this new category of payment service actually integrates individual’s fingerprints with NFC antenna technology for payment authentication of purchased goods. A couple of banks including Bank of America, Wells Fargo, Capital One Bank, and American Express have incorporated biometrics in their mobile banking apps for authentication purpose.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Increasing adoption of technology in the security vertical and the confluence of organizations to meet authentication standards has added a renewed dynamism to biometrics market. With the biometrics technology having marked its presence across the security landscape, it is now rapidly penetrating its way into consumer, government, and industrial systems. Based on the concept of statistical analysis of biological data, the biometrics technology is proclaimed to be less prone to cybercrimes and hacking.
Recently, Mexico’s National Banking and Security Commission has announced a new regulation in the country that would require all the banks to deploy fingerprint scanners for the clients by 2018. Another instance is of FacePhi Biometria, where the company is seen signing deals to bring its selfie-based authentication system especially in the financial sector. Similar moves are likely to materialize in the coming years, in turn, propelling biometrics industry size.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/493
Top Key Players: -
Global biometrics market is rather fragmented with some of the prominent players including NEC Corporation, CMI Time Management, M Cogent, BIO-Key International, and Lockheed Martin having established foothold in this business space.
Market share calculation in this report is not done based on companies covered in it. The calculation of biometrics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Favorable regulatory landscape has significantly driven North America biometrics market. Biometric applications in security and government sectors of U.S. are driving the regional market trends. In fact, statistics claim, North America with U.S. at the helm will represent more than 30% of the overall biometrics industry share by 2024.
Asia Pacific will also turn out to be another lucrative belt witnessing a remarkable growth. Several governmental initiatives in China and India like CRIC (China Resident Identity Card), UIDAI Aadhar enrollment program emphasizes on logging through biometric technology for ensuring authenticated and secured identification of the individuals. Implementation of these programs has profoundly favored the commercialization of biometrics industry in APAC.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/493
Partial Chapter of the Table of Content
Chapter 5. Biometrics Market, By Application
5.1. Global biometrics market share by application, 2016 & 2024
5.2. Banking & finance
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Defense Services
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. Government
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Consumer electronics
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
5.6. Healthcare
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013-2024
5.7. Transport/Visa/Logistics
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013-2024
5.8. Others
5.8.1. Market estimates and forecast, 2013-2024
5.8.2. Market estimates and forecast, by region, 2013-2024
Browse Full Report @ https://bit.ly/28NU5bp
The increasing accessibility of smartphones along with a significant expansion of consumer electronics sector over the recent years have been the major factors proliferating the global biometrics market trends. The advent of technology has enabled biometric identification in smartphones for identification of the owner during unlocking the device as well as during making payment, which unquestionably provides additional handset security. Apple Inc, the technology conglomerate, is considered to be one of the precursors in the biometrics market, driving fingerprint recognition in consumer electronics. The introduction of Touch ID fingerprint recognition system in their advanced iPhone series is profoundly a major breakthrough in the overall biometrics industry dynamics. Reportedly, the tech giant is soon to bring another groundbreaking innovation in the landscape with the launch of advanced facial recognition system in their upcoming edition (iPhone 8), that is claimed to be much more secured and faster than the present Touch ID fingerprint reader.
The integration of biometrics in BFSI sector to enable safer transactions and payments is further allowing better penetration of biometrics industry. In this regard, Apple’s mobile payment service, Apple Pay has been gaining a humongous popularity. Launched in 2014, this new category of payment service actually integrates individual’s fingerprints with NFC antenna technology for payment authentication of purchased goods. A couple of banks including Bank of America, Wells Fargo, Capital One Bank, and American Express have incorporated biometrics in their mobile banking apps for authentication purpose.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results