DUBLIN, Apr. 22, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/zl7j9h/biometrics_market) has announced the addition of the "Biometrics Market in South East Asia and ANZ 2014-2018" report to their offering.
The analysts forecast the Biometrics market in South East Asia and ANZ to grow at a CAGR of 15.82 percent over the period 2013-2018. One of the key factors contributing to this market growth is the high adoption of biometrics in the Government sector. The Biometrics market in South East Asia and ANZ has also been witnessing increased mergers and acquisitions. However, the strong competition from inexpensive non-biometric technologies could pose a challenge to the growth of this market.
The report, the Biometrics Market in South East Asia and ANZ 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the South East Asia and ANZ region; it also covers the Biometrics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the most prominent trends witnessed in the market is the increased mergers and acquisitions. The Biometrics market in Southeast Asia and ANZ is witnessing increasing consolidation, which is expected to continue in the future. Both existing vendors and new entrants are taking the acquisitive route to either enter the market or broaden their portfolio of offerings.
For instance, French defense company Safran completed the acquisition of biometric solution provider L-1 Identity Solutions in the second quarter of 2011 for US$1 billion. The acquisition helped Safran become a leading player in the Global Biometrics market. 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. Cogent manufactures biometric recognition systems that allow governments and businesses to identify individuals by their fingers, palms, faces, and irises.
According to the report, the growth of the Biometrics market in Southeast Asia and ANZ is driven by several factors, the most important of which is the high adoption of biometrics in the Government sector. There has been a substantial increase in the number of cyber-attacks on government departments and installations in Southeast Asia and ANZ over the past few years. Insider thefts are also increasing in government departments. As a result, the adoption of biometric solutions in the Government sector is increasing. This is in turn supporting the growth of the Biometrics market in Southeast Asia and ANZ.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Description
07. Market Landscape
08. Market Segmentation by Technology
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
- 3M Cogent Inc.
- AOptix Technologies Inc.
- Aware Inc.
- Biometix Pty Ltd
- Cross Match Technologies Inc.
- Fujitsu Ltd.
- Identity One Group.
- NEC Corp.
- Safran SA.
For more information visit http://www.researchandmarkets.com/research/zl7j9h/biometrics_market
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets