Global Biometric System Market growth analysis 2025
Global Biometric System Market

Global Biometric system Market 2025:Quantitative Analysis By Gemalto Cogent, Inc., BIO-key International, Inc., Precise Biometrics AB, secunet Security Networks AG., Thales Group & Others

Global Biometric System Market is expected to reach USD 33.5 Billion by 2025, from USD 12.93 Billion in 2017 growing at a CAGR of 17.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

When a market research report is brilliant and precise, it proves to be a backbone for your business with which you can thrive in the competition. This biometric system market report gives an utter background analysis of the semiconductors&electronics industry along with an assessment of the parental market. It endows with a telescopic view of the competitive landscape with which planning of the strategies becomes convenient. Strategic planning supports in improving and enhancing the products with respect to customer’s preferences and inclinations. Moreover, biometric system market report also describes exhaustive overview about product specification, product type, technology, and production analysis by taking into account other major factors such as revenue, cost, gross and gross margin.

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The biometric system market research report is a vital source of information which gives current and approaching technical and financial details of the industry to 2025. The report displays the systematic investigation of current scenario of the market, which covers several market dynamics. The report also recognizes and analyses the growing trends along with major drivers, restraints, challenges and opportunities in the semiconductors&electronics industry. The vigilant efforts accompanied with integrated approaches and sophisticated techniques results into an excellent market research report that drives the decision making process of the business. In no doubt, businesses will increase sustainability and profitability with this biometric system market research report.

Competitive Analysis: Global Biometric System Market

The global biometric system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biometric system market for global, Europe, North America, Asia pacific and South America.

 Major Market Competitors/Players: 

Some of the major players operating in the global biometric system market are Safran, NEC Technologies India Private Limited, FUJITSU, Aware, Inc., Gemalto Cogent, Inc., BIO-key International, Inc., Precise Biometrics AB, secunet Security Networks AG., Thales Group, Cognitec Systems GmbH, Crossmatch., Fulcrum Biometrics, LLC., Daon, Facebanx , HID Global Corporation/ASSA ABLOY AB., SUPREMA., IRITECH, INC., M2SYS Technology  and among others.

Major Market Drivers:

Increasing usage of biometric technology in financial institutes and healthcare sectors

Growing use of biometric systems in criminal identification

Incorporation of biometrics in smartphones

Restraints:

High installation cost for biometric system

Table of Contents

Introduction

1.Market Segmentation

2.Market Overview

3.Executive Summary

4.Premium Insights

5.Global, By Component

6.Product Type

7.Delivery

8.Industry Type

9.Geography

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Market Segmentation: Global Biometric System Market

The global biometric system market is segmented into authentication, component, function, application, and by geography.

Based on authentication, the global biometric system market is classified into single factor authentication and multi-factor authentication. Single factor authentication is segmented into fingerprint recognition, iris recognition, palm print recognition, face recognition, vein recognition, signature recognition, voice recognition and other biometric technologies. Other biometric technologies are further segmented into DNA recognition, keystroke recognition and gait recognition. Multi-factor authentication is segmented into smart card authentication, pin authentication and multi-modal authentication. Multi-modal authentication is further segmented into two biometric factors authentication and three biometric factors authentication.

On the basis of component, the global biometric system market is segmented into hardware and software. Hardware is further segmented into fingerprint readers, scanners, camera, and others.

On the basis of function, the global biometric system market is segmented into contact, non-contact, and others.

On the basis of application, the global biometric system market is segmented into government, military & defence, healthcare, banking & finance, consumer electronics, security, travel & immigration and others application. Security is further segmented into home security and commercial security.

Based on geography, the global biometric system market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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