Biometrics Market in the APAC Region to grow at a CAGR of 20.5% over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 09/02/2015 --Biometrics Market in the APAC Region to grow at a CAGR of 20.5% over the period 2014-2019. Biometrics is the technology used to identify an individual. It is mostly used for measuring and analysing the biological data of the individual. Moreover, analysing the individual characteristics such as DNA, fingerprint, IRIS, and hand geometry. The data derived is then used for security and authentication purposes, as it is difficult to forge biometric data. Biometrics is mainly used for law enforcement, banking authentication, and providing physical access. It helps provide an extra layer of security for data access and individual identification. Authentication with the help of biometrics is now increasing in corporate and public security systems.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Biometrics Market in the APAC Region for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of biometrics solutions:

Fingerprint Identification
Face Recognition
IRIS Technology
Voice Biometrics
Palm View Biometrics

Others: This segment includes Hand Geometry, DNA, Retina Scan, Keystroke, and Signature biometrics
The report also provides detailed analysis of the following end-user sectors using biometrics in the APAC region:

Government Sector
Transit Sector
BFSI Sector
Healthcare Sector
Retail Sector

It presents the vendor landscape and a detailed analysis of the top four vendors in the market. In addition, the report discusses major drivers that influence the growth of the Biometrics market in APAC. It also outlines the challenges faced by vendors and the market at large, as well as key trends that are emerging in the market.

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Further, the report presents a details analysis on the following countries:

China
India
Japan
ANZ
Hong Kong
Taiwan
Singapore
South Korea
Malaysia

Key Vendors

3M Cogent Inc.
NEC Corp.
Safran SA
Suprema Inc.

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Other Prominent Vendors

4G Identity Solutions
AOptix Technologies
Arya ITES
Ayonix
BioEnable Technologies
Biometix Pty
Cross Match Technologies
Fujitsu
Hitachi
Precision Biometric
Smart Identity Devices

Market Driver

Increase in Demand for e-passports
For a full, detailed list, view our report

Market Challenge

Increasing Price of Biometric Systems
For a full, detailed list, view our report

Market Trend

Adoption of Multimodal Biometrics
For a full, detailed list, view our report