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Global Biometrics Market 2019-2023
SKU ID : TNV-13665066 | Publishing Date : 14-Dec-2018 | No. of pages : 111
About this market
Rise in popularity of face and voice recognition biometrics in BFSI sector to gain traction in the market. In this sector, face recognition and voice recognition biometrics are quickly overshadowing touch and type-based interactions given their convenience without compromising on the security of transactions. The analysts have predicted that the biometrics market will register a CAGR of more than 15% by 2023.
Market Overview
Increasing government initiatives for implementing biometrics
Governments of countries are focusing on offering efficient, cost-effective, safe services to their citizens, this is helping boost demand for biometrics.
Privacy concerns related to use of biometric systems
There are privacy concerns among people in terms of the development and implementation of biometric technologies.
For the detailed list of factors that will drive and challenge the growth of the biometrics market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including NEC and Safran the competitive environment is quite intense. Factors such as the rise in popularity of face and voice recognition biometrics in BFSI sector and the increasing government initiatives for implementing biometrics, will provide considerable growth opportunities to biometrics manufactures. ASSA ABLOY, Gemalto, M2SYS Technology, NEC, and Safran are some of the major companies covered in this report.
Rise in popularity of face and voice recognition biometrics in BFSI sector to gain traction in the market. In this sector, face recognition and voice recognition biometrics are quickly overshadowing touch and type-based interactions given their convenience without compromising on the security of transactions. The analysts have predicted that the biometrics market will register a CAGR of more than 15% by 2023.
Market Overview
Increasing government initiatives for implementing biometrics
Governments of countries are focusing on offering efficient, cost-effective, safe services to their citizens, this is helping boost demand for biometrics.
Privacy concerns related to use of biometric systems
There are privacy concerns among people in terms of the development and implementation of biometric technologies.
For the detailed list of factors that will drive and challenge the growth of the biometrics market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including NEC and Safran the competitive environment is quite intense. Factors such as the rise in popularity of face and voice recognition biometrics in BFSI sector and the increasing government initiatives for implementing biometrics, will provide considerable growth opportunities to biometrics manufactures. ASSA ABLOY, Gemalto, M2SYS Technology, NEC, and Safran are some of the major companies covered in this report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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