DUBLIN, June 27, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Biometrics Market in North America 2016-2020" report to their offering.
The report forecasts the biometrics market in North America to grow at a CAGR of 12.28% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend which is playing a big role in boosting market growth is the emergence of mobile biometric payments. The use of biometrics technology in the mobile payment industry is increasing following the launch of smartphones such as Samsung S6, which has a fingerprint scanner embedded within the phone's hardware, and smart mobile devices that are equipped with built-in biometric sensors. The most common biometric technologies used in mobile devices are fingerprint recognition, voice recognition, and facial recognition.
According to the report, a key growth driver is the increased acceptance of multimodal biometrics. These biometric systems are more reliable, secure, and accurate and are capable of avoiding spoofing attacks. These systems are more widely accepted for border control because of their reliance on multiple biometric technologies for identification rather than on a single characteristic.
Further, the report states that one challenge that could hamper market growth is the high cost of biometric systems.
- Crossmatch Technologies
- 3M Cogent
- M2SYS Technology
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market opportunities
PART 07: Market landscape
PART 08: Market segmentation by technology
PART 09: Market segmentation by end-user
PART 10: Market segmentation by application
PART 11: Biometrics market in US
PART 12: Biometrics market in Canada
PART 13: Buying criteria
PART 14: Market drivers
PART 15: Impact of drivers
PART 16: Market challenges
PART 17: Impact of drivers and challenges
PART 18: Market trends
PART 19: Vendor landscape
PART 20: Vendor analysis
PART 21: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/jnd46g/biometrics_market
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SOURCE Research and Markets