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Global Next Generation Bio-Metrics Market - a $29.37 Billion Opportunity, Reveals New Report

Market Research Reports, Inc. has announced the addition of “Global Next Generation Bio-metrics Market Outlook (2014-2022)" research report to their website


Lewes, DE -- (SBWIRE) -- 08/25/2015 -- The Next Generation Bio-metrics market is expected to drive the market over next decade due to expected growth in commercial and home security segments, the global next generation bio-metrics market is expected to grow at a compound annual growth rate (CAGR) of 10.38% and reach US$29.37 billion by 2022 from $13.33 billion in 2014.

Adoption of e-commerce services and E-governance are the factors influencing the growth of the market. High cost of bio-metric devices and fear of Privacy Intrusion are the factors restricting the growth of the market. The growth of market lies in Future E-commerce and emerging mobile trends. Security of Bio-metric Data is the biggest challenge for Next Generation Bio-metrics market.

Global Next Generation Bio-metrics market is segmented by Authentication Type, by Function, by Application and by Geography. Based on Authentication Type, market is segmented into Palm, Fingerprint, Face, Voice, Signature and DNA. Based on Function, market is classified into Contact Bio-metrics and Non-Contact Bio-metrics. Based on Application, market is segregated into Healthcare, Military & Defense, Security, Government, Commercial Security and Banking & Finance and Power Sector. Next Generation Bio-metrics market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World.

The Key players in the market include Fujitsu Ltd., Thales SA, NEC Corporation, Fulcrum Bio-metrics, Precise Bio-metrics Ab, Suprema Inc., 3M Cogent, Inc., Bio-Key International, Inc. and Safran SA.

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