Title: Biometrics Market | Industry Analysis Report 2027
1BIOMETRICS MARKET 2019-2027
2MARKET OUTLOOK
- According to Triton, the global biometrics market
is expected to display a positive market trend
over the forecast period of 2019-2027, exhibiting
a CAGR of 19.87. - Biometrics is a technology used for identifying
and authenticating information of individual by
measuring analyzing their personal traits or
behavioral characteristics. - The advanced characteristics of this technology
make it a favorable option over conventional
PIN-based methods. - Biometrics are used to secure the sensitive or
personal data of an individual from fraudulent by
unique identification technique. - The unique features and high security of
biometrics have led to the increased adoption of
this technology in industries such as healthcare,
government, defense, BFSI, transport
immigration and commercial security
non-commercial safety, among others.
3- The global biometrics market spans across the
regions of North America, the Asia-Pacific, Latin
America, the Middle East and Africa and Europe. - Online transactions in North America are
prominent, owing to the higher internet
penetration in the United States and Canada,
coupled with the increasing e-commerce sales,
which is further augmenting these transactions. - These developments are likely to result in the
deployment of advanced authentication
technologies, such as biometrics. - In addition to this, the United States and Canada
boast of high scores in the cloud computing
policy environment rankings of 2018, featuring in
the top ten list. - This is expected to pose tremendous
opportunities for biometrics across the
end-users. Furthermore, technology giants such as
Amazon and Microsoft are headquartered in this
region, which is expected to push the end-users
toward biometrics on cloud. This, in turn, is set
to propel the demand for biometrics solutions.
4According to Triton, the global biometrics market
is expected to display a positive market trend
over the forecast period of 2019-2027, exhibiting
a CAGR of 19.87. .
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trics-market
5INFOGRAPHIC
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6NORTH AMERICA
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7EUROPE
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arch.com/reports/europe-biometrics-market
8ASIA PACIFIC
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arch.com/reports/asia-pacific-biometrics-market
9The companies that have been mentioned in the
biometrics market report are Siemens AG, Precise
Biometrics AB, IDEMIA FRANCE S.A.S., Nuance
Communications, Inc., NEC Corporation, M2SYS
Technologies, Inc., Iris ID Systems, Inc.,
ImageWare Systems, HID Global Corporation,
Gemalto N.V., Fulcrum Biometrics LLC, Fujitsu
Limited, Fingerprint Cards AB, Crossmatch
Technologies, Inc. (acquired by HID Global),
BIO-key International, Inc. and Aware, Inc.M2SYS,
Inc. provides innovative, scalable practical
software and hardware solutions for biometric
identity management.
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