Allied Market Research

Next Generation Biometric Market - Global Opportunity Analysis and Industry Forecast, 2014-2022


Portland, OR -- (SBWIRE) -- 07/06/2017 -- Identification documents and PIN are traditional methods used to verify the identity of a human being. However, an increasing number of cases of security threats, illegal transactions at ATMs, unauthorised immigration and unauthorised infiltration across borders are factors which have resulted in the evolution of new generation biometrics methods. New generation biometrics refers to technologies that are used to verify the identity of individuals through biological characteristics such as facial expression, voice, palm, fingerprints, signature, iris, vein and DNA. Fingerprints, iris and facial recognition are the most commonly used techniques for identification.

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Vein and DNA recognition are the latest biometric techniques. Biometric traits are permanent and unique. Accuracy, high degree of privacy, ease of use, uniformity across the system and interoperability are some of the advantages of biometric techniques. Biometric technology enables storage of information in a digital form which is nearly impossible to reconstruct.

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The global biometric application market is categorized into various applications namely border security, healthcare, commercial security, banking and finance, travel and immigration and defence. Different technologies used for human identification are palm, fingerprints, signature, iris, vein and DNA. North America is the global leader in new generation biometrics, followed by Europe and APAC.

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Next Generation Biometrics Market Key Segments:

The global new generation biometrics market is segmented based on technology, applications and regions.

- By Technology

- Fingerprint
- Face
- Iris
- Vein
- Palm
- Voice
- Signature

- By Application

- Government
- Travel & Immigration
- Defence
- Home Security
- Consumer Electronics
- Banking and Finance

- By Geography

- North America
- Europe
- Asia-Pacific