Edison, NJ -- (SBWIRE) -- 03/08/2019 -- Biometrics system is the measurement and statistical analysis of people's unique physical and behavioral characteristics. The technology is mainly used for identification and access control, or for identifying individuals who are under surveillance. Adoption of biometrics systems has grown exponentially over the last few years. Biometrics have been proved to be a faster, more efficient, and secure method as compared to traditional identification practices like ID cards, access cards, PINs and password.
This market research report looks into and analyzes the Global Biometrics System Market and illustrates a comprehensive evaluation of its evolution and its specifications. Another aspect that was considered is the cost analysis of the main products dominant in the Global Market considering the profit margin of the manufacturers.
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Major Key Players in This Report Include,
Safran (France) , Fujitsu Ltd. (Japan) , 3M Cogent Inc. (United States) , Fulcrum Biometrics (United States) , Idteck (South Korea) , Iris Guard Inc. (United Kingdom ) , Cross Match Technologies (United States) , lumidigm Inc. (United States) , Accu-time Systems Inc. (United States) , NEC Corporation (Japan) , Digitalpersona Inc. (United States) and Daon Inc. (United States)
The global biometric technology market is driven by growing applications of biometric solutions in the commercial & government sectors. Further, the increasing need for enhanced security systems in organizations and use of e-passport &e-visas are the other major factors that are accelerating the market growth. However, biometric technology has its own limitations, such as high initial investments and high cost of biometric devices, technological limitations including image resolution, matching accuracy with physical characteristics, low-quality capture device, and others and fear of privacy intrusion. Evolving multilevel biometric technology, use of biometric technology in e-commerce, and cloud computing have created growth opportunities for prominent players operating in the global biometric market.
The market study is being classified by Type (Fixed and Mobile), by Application (Healthcare , Government , Military and Defense , Consumer Electronics and Commercial and Home security) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
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The Global Biometrics System Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.
Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Increasing applications within finance industry
3.2.2. Rising security concerns, increasing adoption of homeland security and high refugee influx
3.2.3. Rising concerns regarding internal and external securities in various sectors including banking, military & defense and others
3.3. Market Challenges
3.3.1. High price of technological advanced products
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global Biometrics System, by Type, Application, Authentication, Communication Type and Region (value, volume and price) (2013-2018)
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