Global Next Generation Biometric Market by Technology, Function, Application & by Geography - Forecasts & Analysis to 2020

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Jul 21, 2014, 06:34 ET

DUBLIN, July 21, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/kg89vj/next_generation) has announced the addition of the "Next Generation Biometric Market by Technology, Function, Application & by Geography - Forecasts & Analysis 2014 - 2020" report to their offering.

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Biometric technology is the verification of humans by their characteristics such as face, fingerprint, voice, iris, palm, signature, vein, and DNA. DNA and vein recognition are the latest and most advanced types of biometric authentication. Fingerprint, face, and iris recognition are commonly used in almost all the application areas. The demand for biometric technologies has increased manifolds in the recent years. The basic reason behind this is the rise in the number of terrorist activities, coupled with multiplicity of theft on the part of crucial data and information which have raised concerns regarding the national security. Today, biometric technologies are used in several verticals such as consumer electronics, government organizations, airports, corporations, and so on, where security remains the prime concern.

Biometric technology market can be categorized into different applications such as government, travel and immigration, banking and finance, consumer electronics, home security, commercial security, and healthcare. The most common application areas in the field of biometric technology are government, banking, finance, travel and immigration, and defense.

Biometrics provides a high degree of security and convenience which ensures confidentiality of personal information. This is superior to traditional passwords/PINs as these are easily guessed, forgotten, or copied; tokens can be stolen or misplaced. Biometric technology helps in preventing theft as the information is stored in the form of a digital record in the database which makes it highly impossible to reconstruct, decrypt, or manipulate. Biometric uses biological characteristics or features which are inseparable from a person, thus, reducing the threat of loss or theft.

This report describes the market trends, drivers, and challenges of the biometric technology market and forecasts the biometric technology market from 2014 to 2020, based on the applications of the biometric technology and geography. This report covers geographies such as North America, Europe, APAC, and ROW (Rest of the World). In the biometric technology market, fingerprint recognition contributes for the largest percentage share, followed by face and iris; whereas, `travel and immigration' is the major application, followed by government and defense. In geographic analysis, North America is the market leader, followed by Europe and APAC.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Cover Story

4 Market Overview

5 Biometric Technology Market, By Type

6 Biometric Technology Market, By Application

7 Biometric Application Market, By Technology

8 Biometric Technology Market, By Function

9 Biometric Technology Market, By Geography

10 Competitive Landscape

11 Company Profiles

Companies Mentioned: