London, UK (PRWEB) January 20, 2015
The world biometrics market is considered to have high growth potential, especially under conditions of continuously falling system and hardware prices along with growing reliability and convenience. Constantly widening usage of biometrics technology in a wide spectrum of industries including, among others, finance, airport, safety, army and public security is likely to contribute to further market growth. Meantime, the application of biometrics technology in financial services and e-commerce segments presents the most attractive opportunities for market players. Besides, the technology utilization in aid distribution, democracy and healthcare segments offers huge growth potential, too.
By 2020, the world market for biometrics is expected to achieve USD 30.1 billion, showing a CAGR of 19.6% during the next 6 years. Fingerprint recognition is the largest biometrics technology, with a share value accounting for USD 3.2 billion in 2014. Meantime, Civil ID is forecast to be the largest application area for biometrics technology; the value of the civil ID sector was estimated at USD 4.6 billion in 2014.
New market research report “Biometrics - A Global Market Overview” developed by Industry Experts has been recently published at MarketPublishers.com.
Title: Biometrics - A Global Market Overview
Published: January, 2015
Price: US$ 4,500.00
The cutting-edge report offers a detailed analysis of the biometrics market performance by key regions and countries as well as globally, provides market segmentation analysis by main end-use segments and includes reliable data on the global market dynamics. Additionally, the new study thoroughly examines the main biometrics technologies, offers detailed information on the limitations, applications, benefits and disadvantages of the main technologies. It deeply investigates the competitive landscape and profiles the top biometric software, services and equipment providers. Besides, the comprehensive report gives an all-round discussion of the latest business trends, reviews the recent technological developments, and sheds light on the recent important launches and partnerships. Biometrics market future outlook up to 2020 is presented in the report as well.
Reasons to buy:
- Profound analysis of the global biometrics market helps to develop effective business strategies.
- Market future outlook through 2020 assists in defining lucrative opportunities.
- Summary of the top market players helps to identify prospective partners and suppliers.
- Detailed profiles of the main companies helps to better understand the businesses of the major competitors.
- Obtain access to the unique data on the latest trends within the world biometrics market.
- Increase sales and enlarge footprint within the market by receiving a clear picture of the global biometrics market scenario.
More new research reports by the publisher can be found at Industry Experts page.