Global Biometrics Market in Retail Sector to Grow at a CAGR of 7.92% During the Period 2016-2020 by Mrr.Biz

"The Report Global Biometrics Market in Retail Sector 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -"


Albany, NY -- (SBWIRE) -- 01/22/2016 -- Description

About Biometrics

Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft.

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Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition.

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Technavios analysts forecast the global biometrics market in the retail sector to grow at a CAGR of 21.30% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global biometrics market in the retail sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on technology:

Fingerprint identification
Facial recognition
Hand geometry
Vein recognition

Technavio's report, Global Biometrics Market in Retail 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 vendors

Crossmatch Technologies
Honeywell Security
M2SYS Technology

Other prominent vendors

Biometric Time Clock Systems
Cognitec Systems
eSSL Security
Herta Security

Market driver

Emergence of contactless biometrics
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Market challenge

Security concerns
For a full, detailed list, view our report

Market trend

Incorporation of biometric workforce management systems at retail stores
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?

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