Global Biometrics Market Advancements to Watch Out for 2027 | Gemalto (Thales SA), IDEMIA, Iris ID, Inc.,NEC Corporation

MARKET INTRODUCTION

The biometrics technology is gaining traction on account of low affordability as well as ease of usage. The fingerprint and iris technology have witnessed worldwide acceptance across all verticals along consumer electronics as well as government bodies. Innovations in the electronic gadgets and security technologies are likely to bring huge growth for the biometrics market in a long run.

MARKET DYNAMICS
The biometrics market is anticipated to grow in the forecast period owing to driving factors such as increasing adoption of smartphones and growing government initiatives directed towards the security of citizens. Moreover, need of securing online access and sophistication of security threat further propels the growth of the biometrics market. However, lack of multi-party authentication system may hinder the growth of the biometrics market during the forecast period. On the other hand, growing popularity of cloud-based solutions among enterprises is likely to offer lucrative growth opportunities for the biometrics market in the coming years.

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MARKET SCOPE
The "Global Biometrics Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of biometrics market with detailed market segmentation by component, application, end-user industry, and geography. The global biometrics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biometrics market players and offers key trends and opportunities in the market.

Some of The Important Players:

1.BIO-key International
2. FaceFirst, Inc.
3. Fulcrum Biometrics, LLC
4. Gemalto (Thales SA)
5. IDEMIA
6. Iris ID, Inc.
7. NEC Corporation


MARKET SEGMENTATION

The global biometrics market is segmented on the basis of component, application, and end-user industry. Based on component, the market is segmented as hardware and software. On the basis of the application, the market is segmented as authentication and access control. The market on the basis of the end-user industry is classified as government, military and defense, healthcare, BFSI, consumer electronics, travel and immigration, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biometrics market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biometrics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting biometrics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the biometrics market in these regions.

MARKET PLAYERS

The reports cover key developments in the biometrics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from biometrics market are anticipated to lucrative growth opportunities in the future with the rising demand for biometrics in the global market. Below mentioned is the list of few companies engaged in the biometrics market.

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Posted by on Thursday November 14 2019, 4:02 PM EST. All trademarks acknowledged. Filed under Business Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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