Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Next Generation Biometrics market is estimated at $13.33 billion in 2014 growing at a CAGR of 10.38% is expected to reach $29.37 billion by the year 2022. Next Generation Biometrics market is expected to drive the market over next decade due to expected growth in commercial and home security segments. Adoption of e-commerce services and E-governance are the factors influencing the growth of the market. High cost of biometric 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 Biometric Data is the biggest challenge for Next Generation Biometrics market.

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Global Next Generation Biometrics 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 Biometrics and Non-Contact Biometrics. Based on Application, market is segregated into Healthcare, Military & Defense, Security, Government, Commercial Security and Banking & Finance and Power Sector. Next Generation Biometrics market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World.

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

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This study highlights current dynamics and developments in the Next Generation Biometrics market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Next Generation Biometrics market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Next Generation Biometrics market in the report.

The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Next Generation Biometrics market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Next Generation Biometrics market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Next Generation Biometrics market in the recent past.

The section pertaining to the company profiles explains the dominance of the key players in the Next Generation Biometrics market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Next Generation Biometrics market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Next Generation Biometrics market.

There are numerous factors that are considered in order to provide the analysis and forecast of the Next Generation Biometrics market. Some of the factors are technological, political, social, and economic Next Generation Biometrics market factors. Various analytical tools such as Porter's Five Forces Analysis and Next Generation Biometrics market SWOT analysis are utilized to analyze the data of the Next Generation Biometrics market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Next Generation Biometrics market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Next Generation Biometrics market.