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The Next Generation Biometrics Market is Segmented by Type of Solution (Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Signature Recognition), End-user Vertical (Government, Defense, Travel and Immigration, Home Security, Banking and Finance, Consumer Electronics, Healthcare), and Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
35.53 %
The next generation biometrics market has registered a CAGR of 35.53%, during the forecast period (2021 -2026). One of the key trends witnessed in the next generation biometrics market is a paradigm shift in business discourse toward more privacy and fewer security threats. The end-users are increasingly looking for integrated solutions, rather than depending on conventional methods.
Next generation biometrics are the technologies used to authenticate the identity of individuals through biological characteristics, such as facial expression, voice, palm, fingerprints, signature, iris, vein, and DNA. The biometric techniques are easy to use and the data obtained is in digital format, which is hard to forge or duplicate and rebuild. Moreover, next generation biometrics are available in various type of solutions that can cater to many end-user verticals according to their need.
By Type of Solution | |
Face Recognition | |
Fingerprint Recognition | |
Iris Recognition | |
Palm Print Recognition | |
Signature Recognition | |
Other Types of Solutions |
By End-user Vertical | |
Banking and Financial Service | |
Home Security | |
Travel and Immigration | |
Defense | |
Healthcare | |
Government | |
Other End-user Verticals |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Middle East & Africa | |
Latin America |
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The next generation biometrics market is highly fragmented as several companies are entering the market, with technological innovation that is aligned with the market need. Moreover, the next generation biometric market is highly competitive, due to the expected demand in the future.  Some of the key players in the market are Cross Match Technologies, Fujitsu Ltd., Fingerprint Cards AB, Siemens AG.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Inclination of Growth toward E-Passport Program
4.3.2 Integration of Biometrics in Smartphones Driving Growth
4.4 Market Restraints
4.4.1 Fear of Privacy Invasion Challenging Growth
4.4.2 High Initial Cost of Systems Restricting Growth
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technology Snapshot
5. MARKET SEGMENTATION
5.1 By Type of Solution
5.1.1 Face Recognition
5.1.2 Fingerprint Recognition
5.1.3 Iris Recognition
5.1.4 Palm Print Recognition
5.1.5 Signature Recognition
5.1.6 Other Types of Solutions
5.2 By End-user Vertical
5.2.1 Banking and Financial Service
5.2.2 Home Security
5.2.3 Travel and Immigration
5.2.4 Defense
5.2.5 Healthcare
5.2.6 Government
5.2.7 Other End-user Verticals
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Middle East & Africa
5.3.5 Latin America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cross Match Technologies
6.1.2 Fingerprint Cards AB
6.1.3 Fujitsu Ltd
6.1.4 Siemens AG
6.1.5 Suprema Inc.
6.1.6 Thales Group
6.1.7 RCG Holdings Limited
6.1.8 Safran SA
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability