Biometric Authentication & Identification Market Scope
Biometrics technology is the most reliable means of identifying and authenticating individuals through unique biological characteristics. Biometric authentication compares data for the person’s characteristics to that person’s biometric template to determine resemblance. The biometric repository is managed by a law enforcement agency, such as the Integrated Automated Fingerprint System (IAFIS) run by the FBI in the USA. Growing cases of fraud and identity theft, rising terrorism activity, and cybercrime are the key factors driving the growth of the market. Moreover, rapid technological advancements in security features are offering future growth opportunities for the market.
The Biometric Authentication & Identification market study is segmented by Type (Hardware (Sensors, IP Cameras, Biometric Cards) and Software and Service), by Application (Access Control, Border Management, Workforce Management, Payments and Transactions and Security Surveillance) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Biometric Authentication & Identification market throughout the predicted period.
Thales Group (Gemalto N.V.) (France), Safran (France), NEC Corporation (Japan), Fujitsu (Japan), Leidos Holdings, Inc. (United States), IriTech, Inc. (United States), Fulcrum Biometrics, LLC (United States), Stanley Black & Decker (United States), Aware, Inc. (United States) and Assa Abloy (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Precise Biometrics (Sweden), Secunet Security Networks (Germany), Cognitec Systems (Germany), SIC Biometrics (Canada), IDEMIA (France) and BioID AG (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Biometric Authentication & Identification market by Type, Application and Region.
On the basis of geography, the market of Biometric Authentication & Identification 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).
Market Leaders and their expansionary development strategies
In June 2019, Thales-owned Gemalto acquired Green Bit S.p.A., a provider of biometric scanners based in Italy, to enhance biometric capture capabilities. Green Bit was combined with Gemalto’s Government business unit, improving the capabilities for fingerprint scanners and software solutions.
In May 2020, NEC built up a touch-less, multimodal biometric validation terminal with the world's most significant level of exactness. It has been positioned number one in I.D. innovation benchmark tests directed by the U.S. National Institute of Standards and Technology (NIST).
Market Trend
- Increased Sales of Multimodal Biometric Systems over Unimodal Biometric Systems
Market Drivers
- Increased Public Acceptance, Massive Accuracy Gains, and Falling Prices of Sensors, IP Cameras, and Software
- Rising Prevalence of Document Fraud and Identity Theft, Terrorism and Cybercrime, International Regulation Changes
- Importance of Digital ID for Online Transactions and Applications Such As Immunity Passports or Safe Travel Credentials
Opportunities
- Increasing Research and Development in the Field of Military Security such as Border Control
- Rapid Adoption of Behavioural Biometrics in Banking and Finance
- Untapped Market Potential for Social Media Biometric Authentication
- Rapid Shift to Mobile Biometrics by Governments and Private Industry Owing to Speed Up Processing
Restraints
- Collection of Biometric Identifiers Raises Privacy Concerns about the Ultimate Use of Information
- High Cost of Software-Based Biometric Devices
Challenges
- Different Sorts of Measurements Do Not All Have the Same Level of Reliability
- Compatibility of Application Software with the Operating Systems
Key Target Audience
Biometric Authentication & Identification Services Providers, Hardware and Software Developers, Government and Defense Agencies, Business Houses, End-Use Industry and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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