What is Next Generation Biometrics Market?
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 types of solutions that can cater to many end-user verticals according to their need.
The market study is being classified by Type (Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Print Recognition and Signature Recognition) and major geographies with country level break-up.
Fujitsu (Japan), Bayometric (United States), 3M (United States), HP (United States), Toshiba (Japan), BehavioSec (United States), Hitachi (Japan), Nuance Communications (United States), Vodafone (United Kingdom) and Voice Security Systems (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Vista Imaging Incorporated (United States), Oki Electric Industry (Japan) and OMRON Corporation (OMRON Corporation).
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Next Generation Biometrics market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Next Generation Biometrics market by Type, Application and Region.
On the basis of geography, the market of Next Generation Biometrics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Demand for Homeland Security ACross the World
- Rising Concerns Regarding Internal and External Securities in Various Sectors Including Banking, Military & Defense
Market Trend
- Introduction of Multiple Biometric Authentication Systems for Human Identification
Restraints
- Limitations Regarding Data Accuracy, Security of the Data, and High price of Implementation
Opportunities
- Product Enhancement and Surging Investments in Security Technological Products will Boost the Next Generation Biometrics System Market
Challenges
- Stiff Competition in the Next Generation Biometrics System Market
Market Leaders and some development strategies
Thales has completed the EUR 4.8 billion acquisition of Gemalto, forming a global security giant, to offer biometrics and other digital identity and security technologies to critical infrastructure providers, such as banks, telecom operators, government agencies, and utilities.
Key Target Audience
Next Generation Biometrics Manufacturers, Next Generation Biometrics Industry Association, Sensor Manufacturers, Next Generation Biometrics Hardware and Software Developers, Regulatory Bodies, Research and Development Institutes and Others