The Next Generation Biometrics Market Research Report assist clients in predicting investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This market research report has the consistent knowledge of what the market expects, what is already available, the competitive environment, and what can be done to outshine the competition. While delivering this report, solid commitment to is given to the clients that improve a customer experience. By understanding the importance of sound facts and figures they are accurately inserted in the Next Generation Biometrics market report.
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Next generation biometrics market is expected to reach USD 70.50 billion by 2028 witnessing market growth at a rate of 17.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on next generation biometrics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
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Biometrics systems are automated methods used on the basis of behavioural or physical features such as fingerprints, speech patterns, vein and signature patterns, facial patterns, hand measurements, and eye retina and iris to verify and authenticate a person’s identity. As a common method of verifying the identity of an individual under surveillance, biometrics has emerged. The basic premise of the technology is based on the fact that every person is unique and it is possible to identify him/her by the intrinsic physical or behavioural traits.
The growing integration of biometrics in smartphones, inclination of growth toward e-passport program, rising usages of the biometric system in criminal identification, cloud computing and e-commerce solutions, prevalence of favourable government initiatives to restrict illegal entry, rising demand of the technology as it offers a high degree of privacy, accuracy, ease of use, interoperability, and uniformity across the system, growing awareness about the benefits offered by biometrics are some of the major as well as vital factors which will likely to augment the growth of the next generation biometrics market in the projected timeframe of 2021-2028. On the other hand, increasing government funding for deploying biometric technology across various economic sectors along with rising number of application in healthcare, government, defence, and border security to commercial security, travel and immigration, and banking and finance which will further contribute by generating massive opportunities that will lead to the growth of the next generation biometrics market in the above mentioned projected timeframe.
High cost incurred in deploying the system and the risk of privacy intrusion which will likely to act as market restraints factor for the growth of the next generation biometrics in the above mentioned projected timeframe.
Next Generation Biometrics Market Scope and Segmentation:
Next generation biometrics market is segmented on the basis of component, function, technology, authentication type and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Next generation biometrics market on the basis of component has been segmented as hardware, solutions, and services.
- Based on function, the next generation biometrics market has been segmented into contact, non-contact, and others.
- On the basis of technology, the next generation biometrics market has been segmented into fingerprint, face, iris, palm, voice, signature, DNA, and others.
- On the basis of authentication type, the next generation biometrics market has been segmented into single factor authentication, and multi-factor authentication. Single factor authentication has been further segmented into fingerprint recognition, iris recognition, palm print recognition, face recognition, vein recognition, signature recognition, voice recognition, and other biometric technologies. Other biometric technologies have been further sub segmented into DNA recognition, keystroke recognition, and Gait recognition. Multi-factor authentication has been further segmented into Biometrics combined with smart card technology, biometrics combined with pin technology, two-factor authentication, and three-factor authentication.
- Next generation biometrics has also been segmented on the basis of vertical into BFSI, military and defence, government, law enforcement, enterprises, commercial sector, residential homes, airports, healthcare, consumer electronics, and others. BFSI has been further segmented into ATM, smart card, online transaction, account enrollment, and others. Government has been further segmented into national ID, passport, driving license, and others. Military and defence has been further segmented into physical access, fake identity detection, surveillance, and others. Law enforcement has been further segmented into forensic, surveillance, criminal identification, database maintenance, and others. Enterprises have been further segmented into physical and logical access, time and attendance, and others. Commercial sector has been further segmented into surveillance, creative advertising, and others. Residential homes have been further segmented into lock, and intrusion check. Airports segment has been further segmented into identification, surveillance, and others. Healthcare has been further segmented into donor cards, patient records, and others. Consumer electronics have been further segmented into smartphones, laptops, and others.
Next Generation Biometrics Market Country Level Analysis
- North America (United States, Canada & Mexico)
- Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
- Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
- Central & South America (Brazil, Argentina, LATAM etc.)
- Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)
Leading Key Players Operating in the Next Generation Biometrics Market Includes:
The major players covered in the next generation biometrics market report are Safran; NEC Corporation; 3M; FUJITSU; SUPREMA.; HID Global Corporation; Fulcrum Biometrics, Inc.; Thales Group; BIO-key International; Precise Biometrics AB.; secunet Security Networks AG; Siemens; Facebanx; ValidSoft; IDEX ASA; LAFORGE OPTICAL.; neuromore co; ZKTECO CO., LTD.; HYPR Corp; B-Secur; Auraya Inc.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-next-generation-biometrics-market
The Next Generation Biometrics Market research covers a comprehensive analysis of the following facts:
- Historical and future projections of the Next Generation Biometrics Market
- Categorization of the Next Generation Biometrics Market to highlight the growth opportunities and trends influencing these segments
- Varying consumption pattern of customers in various regions
- Geographic analysis in terms of growth outlook, Next Generation Biometrics Market share, and major countries
- Product launches, partnerships, mergers and acquisitions, and research and development projects of different Next Generation Biometrics Market players
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: COMPETITIVE LANDSCAPE
PART 17: COMPANY PROFILES
PART 18: APPENDIX
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