Lewes, DE -- (SBWire) -- 05/18/2016 --Report forecast the global biometrics market in the government sector to grow at a CAGR of 11.9% during the period 2016-2020.
Biometrics involves the authentication of an individual by evaluating one or more unique biological traits. This authentication can be done through voice recognition, hand geometry analysis, DNA analysis, gait recognition, fingerprint identification, facial recognition, iris recognition, signature verification, and vein recognition. Biometric technologies are considered to be more reliable for authentication compared to physical devices and numeric codes. With advances in hardware, sensors, readers, pattern recognition, and signal and image processing technologies, a number of biometric technologies have been developed to deal with the identification of individuals.
The report covers the present scenario and the growth prospects of the global biometrics market in the government sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions including hardware, software, integrated solutions, and services to the government sector. Revenues generated from after-sales services are not taken into account to calculate the market size.
- APAC
- Europe
- MEA
- North America
- South America
According to the report, a key growth driver for the biometrics market is the rising numbers of identity theft. Lately, there has been an increase in the number of identity and data theft cases, primarily because of the growing use of websites and web applications. The growing popularity of online consulting and sharing of health-related results online is also resulting identity thefts as hackers are increasingly targeting the servers of healthcare organizations. The increasing complexity of these attacks is prompting government organizations to implement secure authentication solutions, including biometric solutions. These solutions are highly reliable as they efficiently assess individuals on the basis of their physical or behavioral patterns, which are very difficult to forge.
Further, the report states that the high cost of biometric systems can hamper market growth.
Global Biometrics Market in the Government Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Biometrics Market in Government Sector: Cross Match Technologies, 3M Cogent, M2SYS Technology, NEC, and Safran.
Other Prominent Vendors in the market are: Aware, Ayonix, BI² Technologies, BioEnable, BioLink Solutions, Cardzme, Cognitec Systems, FaceFirst, Fulcrum Biometrics, Iris ID, IRI TECH, M2SYS, Nuance Communications, SpeechPro, Suprema, and TENBIO.
Market driver
- Increasing volume of identity thefts
- For a full, detailed list, view our report
Market challenge
- High cost of biometric systems
- For a full, detailed list, view our report
Market trend
- Emergence of touchless sensing technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 65 pages and 29 Exhibit "Global Biometrics Market in the Government Sector 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Product life cycle analysis, Market segmentation by technology, Market segmentation by end-user, Geographical segmentation, Key leading countries, Market attractiveness, Buying criteria, Technology integration, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-biometrics-market-government-sector-2016-2020
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