According to a new report published by Reports Monitor titled, “Global Next Generation Biometrics, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Next Generation Biometrics was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Next generation biometrics primarily adopts biometric characters such as face, finger print and others, thereby gaining functional efficiency and improving security standards. This technology is adopted in border security control, crime and fraud prevention and also in attendance recoding systems.
Colossal demand for next generation biometric products from various end-use sectors is majorly driving the growth of market. Adoption of this technology in various criminal investigation and procedures is also contributing in upholding the growth of market. However, higher cost of biometric devices coupled with increasing risk in privacy intrusion is mainly restraining the growth of market.
This report provides a detailed analysis of Web Filtering, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global next generation biometric market is majorly segmented on the basis of component used, function, technology and end-use. Based on the component used, market is mainly segmented into hardware, solution and services, while on the basis of function, market is bifurcated into: contact and non-contact. On the basis of technology, market is bifurcated into: fingerprint, voice, palm, signature and others. Based on the area of application, market covers: BFSI, Military & Defense, Government, Healthcare, Consumer Electronics, IT, and Others.
The regional analysis of global next generation biometric device includes the study across: North America, Europe, Asia Pacific and LAMEA. Presence of major players coupled with early adoption of authentication services in various commercial sectors is mainly influencing the growth of North American region. Technological advancement and growth in web, telecom and internet of things is mainly driving the growth of Asia Pacific region. Reasonable and effective price of biometric device within the region is also propelling the regional growth.
The major key vendors operating in the market are: Safran S.A. (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), Suprema Inc. (South Korea), Cross Match Technologies Inc. (U.S.), Fulcrum Biometrics LLC (U.S.), Thales Group (France), Bio-Key International Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG (Germany)
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