Biometrics Market in Europe 2014-2018: Key Vendors are 3M Cogent, Cognitec, NEC and Safran

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Research and Markets

Oct 23, 2014, 07:43 ET

DUBLIN, Oct. 23, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Biometrics Market in Europe 2014-2018" report to their offering.

Biometrics is a technology which helps to assess individuals on the basis of their physical or behavioral patterns. It involves the verification and identification of both physiological traits such as fingerprints, face recognition, DNA, palm print, hand geometry, and iris recognition, and behavioral traits such as keystroke patterns and speech pattern/voice recognition.

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The data derived are then used for security and authentication purposes, as it is difficult to forge biometric data. Biometrics is mainly used for law enforcement, banking authentication, and providing physical access. It helps provide an extra layer of security for data access and individual identification.

The analysts forecast the Biometrics market in Europe will grow at a CAGR of 17.25 percent during the period 2013-2018.

This report covers the present scenario and the growth prospects of the Biometrics market in Europe for the period 2013-2018. To calculate the market size, the report considers revenue generated from the sales of biometrics solutions. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.

In addition, the report discusses the major drivers that influence the growth of the Biometrics market in Europe. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Currently, the adoption rate of fingerprint identification technology in ATMs in developing regions in Europe is low. One of the primary reasons for this is the lack of awareness about ATMs and the inability to operate them. Therefore, many banks have introduced ATMs integrated with biometrics in order to make it easier for end-users to access their accounts.

In addition, ATMs integrated with biometrics do not require a communication infrastructure. Moreover, the adoption of biometrics in the BFSI sector eliminates the need for ATM cards, saving huge costs for banks. This trend is gradually catching up, and the region is expected to witness an increase in the integration of biometrics in ATMs in the future.

According to the report, the growing need for advanced security in the Government sector is one of the drivers in this market. Government departments such as intelligence, defense, finance, and military are the major users of facial recognition technology. To secure their perimeter, government departments of various countries have installed stronger security measures, including biometric security solutions. In recent years, the Government sector has been the major contributor of revenue for the market.

Further, the report states that one of the key challenges in the market is the strong competition it faces from inexpensive non-biometric technologies. The presence of low-cost alternative technologies such as swipe cards, token-based two-factor authentication, and software authentication is a major challenge affecting the growth of the Biometrics market in Europe.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Description

07. Market Landscape

08. Market Segmentation by Technology

09. Market Segmentation by Application

10. Market Segmentation by End-users

11. Key Leading Countries

12. Biometrics Market in UK

13. Biometrics Market in Germany

14. Biometrics Market in France

15. Biometrics Market in Italy

16. Biometrics Market in Poland

17. Buying Criteria

18. Market Growth Drivers

19. Drivers and their Impact

20. Market Challenges

21. Impact of Drivers and Challenges

22. Market Trends

23. Trends and their Impact

24. Vendor Landscape

25. Key Vendor Analysis

26. Other Reports in this Series

Companies Mentioned:

  • 3M Cogent Inc.
  • Cognitec Systems GmbH
  • NEC Corp.
  • Safran SA
  • Animetrics Inc.
  • Aware Inc.
  • BIO-Key International Inc.
  • Biometix Pty Ltd.
  • Cross Match Technologies Inc.
  • DigitalPersona Inc.
  • Fujitsu Ltd.
  • Lumidigm Inc.
  • M2SYS LLC
  • Siemens AG
  • Suprema Inc.
  • ZKTeco Inc.

For more information visit http://www.researchandmarkets.com/research/wj3dzp/biometrics_market

Media Contact: Laura Wood, +353-1-481-1716, [email protected]

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SOURCE Research and Markets