Market Research Engine

Next Generation Biometrics Market Worth US$ 25 Billion by 2024

Market Research Engine has published a new report titled as “Next Generation Biometrics Market - Global Industry Analysis, Trends, and Forecast 2016 - 2024”


Deerfield Beach, FL -- (SBWIRE) -- 12/12/2016 -- The global next generation biometrics market is expected to surpass US$ 25 Billion during the forecast period.

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Biometrics is the technique used for identifying, authentication and verifying the individuals. Rising the figure of security treats, unauthorized transaction at ATM are the main reason to growth new generation biometrics. It is skill that are applied for authentication of characteristics of persons through biological characteristics which includes fingerprints, signature, voice pattern, facial pattern, palm, vein, iris and dna. These techniques are simple to use, secure and produce accurate result. Biometric technology helps to gather digitalized information which is not possible to rebuild. Facial pattern and fingerprints are frequently used techniques. The new biometric technique is DNA identification. Some of techniques are unique and stable.

The major driving factors of next generation biometrics market are as follows:

o Government plans to take up biometrics in different fields.
o Introduction of Biometrics techniques in smart-phones.
o Beginning of Electronic Passport.
o Enhancement of Biometric techniques usage for criminal, banking and healthcare

The restraining factors of next generation biometrics market are as follows:

o Panic regard to privacy disturbance
o Biometric techniques require high price of installation.

Biometrics next generation market is segmented on the lines of its applications, technology and function. The next generation biometric market is segmented on the lines of its technology like face recognition, hand geometry recognition, signature recognition, vein recognition, iris recognition, voice recognition, palm print/hand recognition, fingerprint recognition and DNA recognition. In regards to its function the next generation biometric market wraps contact & non-contact biometrics techniques. Under application segmentation it covered government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, security, and others.The next generation biometric market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries

This report provides:

1) An overview of the global market for next generation biometrics and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for next generation biometrics

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.


The scope of the report includes a detailed study of global and regional markets for various types of next generation biometrics with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include:

- Safran SA
- NEC Corporation
- 3M Cogent Inc.
- Fujitsu Ltd.
- Suprema Inc.
- Cross Match Technologies
- Fulcrum Biometrics
- Thales SA
- Bio-Key International Inc.
- Precise Biometrics AB
- Secunet Security Networks AF

Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.

The Next generation biometrics Market has been segmented as below:

by Technology Analysis

Face recognition
Fingerprint recognition
Iris recognition
Palm print/hand recognition
Hand geometry recognition
Voice recognition
Signature recognition
DNA recognition
Vein recognition

by Function Analysis

Contact biometrics technologies
Non-contact biometrics technologies

by Application Analysis

Military & defense
Healthcare system
Banking & finance
Consumer electronics
Travel & immigration

by Regional Analysis

North America
Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all active and planned next generation biometrics industry globally.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of next generation biometrics industry and unit capacity data.

4) Assess your competitor's refining portfolio and its evolution.

About Market Research Engine
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.