Global Biometrics Market Size is Expected to Grow USD 42,904.56 Million by 2025 at a CAGR of 16.30% - Valuates Reports

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26 Nov, 2019, 18:21 IST

BANGALORE, India, Nov. 26, 2019 /PRNewswire/ -- The Global Biometrics Market is expected to grow from USD 14,901.56 Million in 2018 to USD 42,904.56 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 16.30%.

"Thales Group, Safran, and Assa Abloy are placed in forefront due to their excellence in business strategy and product satisfaction"

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GLOBAL BIOMETRICS MARKET ANALYSIS:

Biometric technology is a method used to identify and authenticate individuals by analyzing their physical characteristics including fingerprints, face, iris, the geometry of hands, voice, signature, vascular patterns, typing patterns, and others. Compared to other authentication technologies, the solutions used for fingerprint recognition are simple to install and low in cost.

The growth of the fingerprint recognition market can be attributed to the growing demand for fingerprint recognition solutions in e-passport and e-visa travel and immigration applications as well as in the government sector for issuing a driving license.

It is expected that the introduction of cloud-based services and AI for biometric devices will increase the need for related technology to ensure equipment and operating systems compatibility for various applications.

Biometrics system software complements the hardware function by storing and recalling spatial data; it also enables streaming of live data. Biometric systems are connected to computers and networks that are used in applications such as criminal identification at border crossing points.

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The positioning of the Global Biometrics Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).

CLASSIFICATION OF GLOBAL BIOMETRICS MARKET

The global biometrics market is classified into five sections based on

  • Functionality type
  • Authentication type
  • Components
  • Industry
  • Region

Segments In Global Biometrics Market Based On Region

  • Americas
  • Asia-Pacific
  • Europe
  • Middle East
  • Africa

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Segments In Global Biometrics Market Based On Functionality Type

  • Combined Functionality
  • Contact Functionality
  • Noncontact Functionality

Segments In Global Biometrics Market Based On Authentication Type

  • Multi Factor Authentication
  • Single-Factor Authentication

Segments In Global Biometrics Market Based On Component

  • Hardware
  • Software.

Segments In Global Biometrics Market Based On Industry

  • Aerospace & Defense
  • Agriculture
  • Automotive & Transportation
  • Building, Construction & Real Estate
  • Chemicals & Advanced Material
  • Consumer Goods & Retail
  • Energy & Utilities
  • Food & Beverage
  • Healthcare & Life Sciences
  • Information Technology
  • Packaging
  • Semiconductor & Electronics

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TOP COMPANIES IN THE GLOBAL BIOMETRICS MARKET

  • 3M, Bio-Key International
  • Fujitsu Frontech Ltd
  • ImageWare Systems Inc
  • NEC Corp
  • Precise Biometrics
  • Suprema
  • Thales Group
  • Assa Abloy
  • Bio-Key International
  • Cognitec Systems
  • Cross Match Technologies
  • M2sys Technology
  • Safran
  • Secunet Security Networks
  • Stanley Black & Decker
  • Vasco Data Security International
  • Others

OBJECTIVES OF GLOBAL BIOMETRICS MARKET REPORT

The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.

In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive marketplace for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During the forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.

THE GLOBAL BIOMETRICS MARKET REPORT PROVIDES INSIGHTS ON THE FOLLOWING POINTERS:

  1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Biometrics Market
  2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Biometrics Market
  3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Biometrics Market
  4. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments in the Global Biometrics Market
  5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Biometrics Market

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THE GLOBAL BIOMETRICS MARKET REPORT ANSWERS QUESTIONS SUCH AS:

  1. What is the market size of Biometrics market in the Global?
  2. What are the factors that affect the growth in the Global Biometrics Market over the forecast period?
  3. What is the competitive position in the Global Biometrics Market?
  4. Which are the best product areas to be invested in over the forecast period in the Global Biometrics Market?
  5. What are the opportunities in the Global Biometrics Market?
  6. What are the modes of entering the Global Biometrics Market?

REPORTS RELATED TO BIOMETRICS MARKET:

Biometrics Market Report: https://reports.valuates.com/market-reports/PROF-Auto-32X970/global-biometrics

Face and Voice Biometrics Market: https://reports.valuates.com/market-reports/PROF-Auto-14W321/global-face-and-voice-biometrics

Voice Biometrics Market: https://reports.valuates.com/market-reports/PROF-Auto-19U1107/global-voice-biometrics

EEG and ECG Biometrics Market: https://reports.valuates.com/market-reports/PROF-Auto-11I160/global-eeg-and-ecg-biometrics

Healthcare Biometrics Market: https://reports.valuates.com/market-reports/QYRE-Auto-17P399/global-united-states-european-union-and-china-healthcare-biometrics

Consumer Electronic Biometrics Market: https://reports.valuates.com/market-reports/PROF-Auto-18G391/global-consumer-electronic-biometrics

Behavioral Biometrics Market: https://reports.valuates.com/market-reports/ALLI-Auto-3R353/behavioral-biometrics

Fingerprint Biometrics in VAR Market: https://reports.valuates.com/market-reports/PROF-Auto-0G581/global-fingerprint-biometrics-in-var

Biometrics in Education Sector Market: https://reports.valuates.com/market-reports/PROF-Auto-18W144/global-biometrics-in-education-sector

Biometrics in Hospitality Market: https://reports.valuates.com/market-reports/PROF-Auto-7R366/global-biometrics-in-hospitality

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