Global biometrics market is at $5.2 billion in 2012 anticipated to reach $16.7 billion by 2019
Albany, NY (PRWEB) November 06, 2013
The global biometrics market is at $5.2 billion in 2012 anticipated to reach $16.7 billion by 2019. Market growth is a result of demand for protection of individual information and for the needs of organization to control access to documents and to areas.
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Biometric identity units provide security protection. Units are comprised of integrated biometric capture devices. Biometrics is used to identify anyone in an accurate, repeatable manner. Physiological characteristics used for biometrics commonly include the face, fingerprints, and DNA. Behavioral characteristics include the user's digital signature, his or her voiceprint, and walk.
As law enforcement programs are redesigned to include information from social media and to initiate smarter cities initiatives, biometrics becomes a more compelling technology, both fingerprinting and facial recognition. Technologies. With the worldwide rise in the threat of terror, biometric systems become a more compelling tool in the hands of the authorities charged with keeping populations safe.
A rise in government projects has been seen as terrorists become an increasing threat. This has been accompanied by increasing data security concerns. There is a need for advanced security devices. Security systems implementations drive the market for biometric systems. Biometric data protection is being used to replace photographs, passwords and PIN codes.
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Growth of biometric technologies has been in response to global security threats. Terrorist attacks, airport security initiatives, and attempts to lower crime rates have brought an increasing investment in biometric security systems. Government projects include ePassports, eDriving licenses, border management, and national IDs. These initiatives have been implemented in developed countries.
India, Mexico and Russia are driving the extraordinary growth of biometric systems. China has a biometric national ID program that commenced in 2013. Computer storage of important documents has created an increasing need for biometric security systems.
According to Susan Eustis, lead author of the WinterGreen Research team that prepared the study, "Biometric devices represent a major factor impacting law enforcement and border patrol markets. Governments and law enforcement agencies are leveraging biometric devices to strengthen all aspects of citizen protection. Healthcare organizations are implementing biometric systems to provide patient privacy
Selected Market Leaders
Safron Morpho Bio-key
Gelamto/Avalon Biometrics Tyco
DigitalPersona Google Motorola
Motorola Solutions Cross Match Technologies
Green Bit Cognitec Systems
Iris ID Systems Iritech
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Selected Market Participants
Cross Match Technologies
Iris ID Systems
Security & ID
NitGen & Company
Nuance Voice Biometrics
Witswell Consulting and
Healthcare Biometrics Market (Fingerprint, Face, Iris, Voice, Vein, Signature and Hand Recognition Technologies, Logical Access Control, Physical Access Control and Transaction Authentication Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
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Global health care biometrics market, which was valued at $1.2 billion in 2012, is expected to see a compound annual growth rate of 25.9% from 2013 to 2019, en route to an estimated market value of $5.8 billion in 2019.
The report, entitled “Health care Biometrics Market (Fingerprint, Face, Iris, Voice, Vein, Signature and Hand Recognition Technologies, Logical Access Control, Physical Access Control and Transaction Authentication Applications) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” reveals that biometrics technology is increasingly being used in the health care sector for patient and medical staff verification and access control. The report also maintains that the use of biometric identity solutions reflects a greater demand for healthcare fraud prevention and resource depletion while also improving healthcare safety and patient privacy.
Global Consumer Electronic Biometrics Market 2012-2016
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Global Consumer Electronic Biometrics market to grow at a CAGR of 40.45 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing use of personal devices for financial transactions. The Global Consumer Electronic Biometrics market has also been witnessing increasing number of mergers and acquisitions. However, the availability of inexpensive non-biometric technologies could pose a challenge to the growth of this market.
Global Palm Vein Biometrics Market 2012-2016
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Global Palm Vein Biometrics market to grow at a CAGR of 46.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for advanced security systems. The Global Palm Vein Biometrics market has also been witnessing an increasing deployment of palm vein biometrics. However, the need for improved compatibility and standardization could pose a challenge to the growth of this market.
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