Global Biometrics Spending in the Government Sector to Grow at a CAGR of 22.34% During 2014-2019; Finds New Report
Market Research Reports, Inc. has announced the addition of “Global Biometrics Spending Market in the Government Sector 2015-2019” research report to their website http://www.MarketResearchReports.com
Lewes, DE -- (SBWire) -- 09/04/2015 --Report forecast the global biometrics spending in the government sector to grow at a CAGR of 22.34% over the period 2014-2019.
Security of data and assets has been a key concern for enterprises, banks, government organizations, telecommunications, hospitals, as well as individuals. Keys, identity badges, and numeric keypads were previously being used to prevent unauthorised access. Technological advancements resulted in the introduction of two-factor authentication, wherein individuals could gain access to secure premises after being authenticated using two different components, such as hardware devices and numeric codes. However, hackers also could easily gain access to hardware devices and obtain numeric codes.
In 1999, biometrics was introduced to identify individual traits based on behavioural and physiological characteristics of individuals that could not be replicated easily. It includes voice recognition, palm geometry recognition, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Also, biometrics are considered to be more reliable compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or forgotten by an individual.
Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one process used to match biometric traits of an individual against a particular template. However, identification is a matching process where the biometric traits of an individual are matched against all templates in the database to determine an individual's identity.
This report covers the present scenario and the growth prospects of the global biometrics spending in the government sector for the period 2015-2019.
To calculate the market size, the report considers revenue generated from the sales of biometric solutions including hardware, software, integrated solutions, and services in the government sector. Revenues generated from aftersales services are not included to calculate the market size.
The report provides a detailed analysis of the following:
- Technologies: fingerprint identification, DNA analysis, iris recognition, facial recognition, and voice recognition
- Geographies: North America, APAC, Europe, Latin America, and MEA
The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison for the key leading vendors is provided in the report.
In addition, the report discusses the major drivers that influence the growth of the global biometrics spending in the government sector. It also outlines the risks faced by vendors and the market at large, as well as the key trends emerging in the market.
According to the report, biometric technologies such as fingerprint recognition, DNA identification, facial recognition, voice recognition, and iris recognition are used in the government sector, especially by law enforcement agencies, to identify criminals. The governments of several countries have increased their spending on biometric techniques and are also planning to deploy biometrics at airports because of increased terrorist threats. The implementation of biometric technologies at airports will enhance operational efficiency and security.
- Latin America
- North America
Key players in the Global Biometric Spending in the Government Sector: 3M Cogent, BioEnable, Cross Match Technologies, NEC and Safran
Other Prominent Vendors in the market are: Apple, Aware, Cardzme, CogniTEC, FaceFirst, Google, Hitachi, Iris ID, M2SYS, Nuance Communications and Suprema
- High cost of biometric systems
- For a full, detailed list, view our report
- Emergence of 3D facial recognition
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 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?
Spanning over 74 pages "Global Biometrics Spending Market in the Government Sector 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market description, Market landscape, Product life cycle analysis, Integration of biometrics in smart cards, Cloud-based biometrics and e-voting, Market segmentation by technology, Market segmentation by end-user, Geographical segmentation, Key leading countries, Emerging trends, Market inhibitors, Vendor landscape, Key vendor analysis, Appendix.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-biometrics-spending-market-government-sector-2015-2019
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