Market Research Reports, Inc. has announced the addition of “Biometrics Market in MENA: Research Report, Trends, and Forecast 2015-2019” research report to their website www.MarketResearchReports.com
Lewes, DE -- (SBWIRE) -- 10/19/2015 -- Report forecast the biometrics market in MENA to grow at a CAGR of 28.49% over the period 2014-2019.
Biometrics is based on the behavioural and physiological characteristics of an individual that are difficult to replicate. Biometric technologies include voice recognition, palm geometry recognition, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Also, these technologies are considered to be more reliable compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or forgotten by an individual. Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one process that matches the biometric traits of an individual against a particular template. However, identification is a process where the biometrics traits of an individual are matched against all templates in the database. With advances in technology, AFIS was introduced in 1986, which is being used by a number of law enforcement agencies to identify a criminal.
This report covers the present scenario and the growth prospects of the biometrics market in MENA for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of biometric solutions, including hardware, software, integrated solutions, and services offered in the government sector. Revenues generated from the after sales services are not included to calculate the market size.
The report provides a detailed analysis of the following countries: Saudi Arabia, Turkey, UAE, Egypt, Syria, Iraq, Israel, Algeria, Morocco, Libya, and Sudan. Other countries include Iran, Yemen, Jordan, Palestine, Lebanon, Oman, Kuwait, Qatar, Bahrain, and Cyprus.
The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison for the key leading vendors is provided in the report. In addition, it discusses the major drivers that influence the growth of the market in MENA. It also outlines the risks faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Biometrics Market in MENA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Middle East and North Africa; it also covers the landscape of the biometrics market in MENA and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, the main growth driver of the market is the incidence of fraudulent activities in the past in government organizations and enterprises in the region, resulting in data loss and harm to critical infrastructures. Therefore, threats faced by organizations are prompting them to invest in biometrics security solutions to keep track of people entering the premises.
Key regions
- Middle East
- North Africa
Key players in the Biometrics Market in MENA: 3M, BioEnable, NEC, Safran and ZKTeco
Market driver
- Emergence of IoT
- For a full, detailed list, view our report
Market challenge
- Rise in error rates of voice biometrics
- For a full, detailed list, view our report
Market trend
- Emergence of multimodal biometrics
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 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 80 pages "Biometrics Market in MENA: Research Report, Trends, and Forecast 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Key takeaways, Market description, Emerging trends, Market landscape, Product life cycle analysis, Market segmentation by technology, Market segmentation by end-user, Geographical segmentation, Market trends, Market inhibitors, Vendor landscape, Key vendor analysis, Appendix.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/biometrics-market-mena-research-report-trends-and-forecast-2015-2019
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