Biometrics technology is used for identification and authentication of individuals by measuring and analyzing their personal traits-fingerprints, iris, hand geometry, voice, face, vascular pattern, palm print, or behavioral characteristics-signature, typing pattern, gait. It is a major industry which forms a significant part of the biometric market
In 2018, the global Biometric Technology market size was 9560 million US$ and it is expected to reach 38100 million US$ by the end of 2025, with a CAGR of 18.9% during 2019-2025
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Companies Mentioned are:
3M Company (Cogent Systems, Inc.), Fujitsu Frontech Limited, ImageWare Systems, Inc., Suprema, Inc., Safran S.A., secunet Security Networks AG, Thales S.A., BIO-key International, Inc., NEC Corporation, Precise Biometrics
Further, the market is segmented based on the applications, types and Geography area such as
Biometric Technology Market, by Types:
- Based on physical characteristics
- Based on behavioral characteristics
Biometric Technology Market, by Applications:
- Public sector
- Banking & financial sector
- IT & telecommunication
- Others (hospitality, retail, automotive)
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Biometric Technology Market from 2014 to 2018 (historical) 2019 to 2025 (forecasted), covering:
North America (United States, Canada, Mexico)
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Central & South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Egypt, South Africa, Other)
This independent 98 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Biometric Technology Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecast as well as analysis to 2025.
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The study objectives are:
- To analyze and research the global Biometric Technology market status and future forecast Involving, production, revenue, consumption, historical and forecast.
- To present the key Biometric Technology manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
- To segment the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Biometric Technology:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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