Next Generation Biometrics Market 2015 - Global Forecast to 2020 with Safran, NEC, 3M Cogent, Fujitsu & Suprema Dominating the $24 Billion Market

Jul 02, 2015, 06:38 ET from Research and Markets

DUBLIN, June 25, 2015 /PRNewswire/ --

Research and Markets( has announced the addition of the "Next Generation Biometrics Market by Application, Technology, Function & Geography - Global Forecast to 2020" report to their offering.

The next generation biometrics market is expected to reach $24.4 Billion by 2020, at a CAGR of 17.9% between 2015 and 2020

Travel & immigration is the leading application for the market. Safran SA (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), and Suprema Inc. (U.S.) are major players in the next generation biometrics market.

This report describes the value chain for the next generation biometrics market by considering all the major stakeholders in the market and their roles in the analysis. The report also provides a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It covers a brief description of the major players that are active in the biometrics market. It also covers the competitive landscape of these players which includes the key growth strategies and recent developments.

Scope of the Report

This research report categorizes the next generation biometrics market based on technology, function, application, and geography.

- By Technology

The next generation biometrics market has been segmented on the basis of technology which includes face recognition, fingerprint recognition, iris recognition, palm print/hand recognition, hand geometry recognition, voice recognition, signature recognition, DNA recognition, vein recognition, and others.

- By Function

The next generation biometrics market has been further segmented on the basis of function which includes contact and non-contact biometrics technologies.

- By Application

The next generation biometrics market has been segmented on the basis of application such as government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, security, and others.

- By Geography

Geographically, the market has been segmented into North America (the U.S., Canada, and Mexico), Europe (Germany, Italy, Spain, the U.K., France, and others), APAC (China, Japan, India, South Korea, and others), and Rest of the World (the Middle East and Africa).

The report covers the market data and information regarding the market drivers, trends, and opportunities, key players, and competitive outlook. In addition, it profiles major companies involved in the next generation biometrics market, which includes their overview, products and services, financials, strategies, SWOT analysis, and recent developments.

Companies Mentioned

- Bio-Key International, Inc.
- Cross Match Technologies
- Fujitsu Ltd.
- Fulcrum Biometrics
- NEC Corporation
- Precise Biometrics Ab
- Safran SA
- Secunet Security Networks Ag
- Suprema Inc.
- Thales SA
- 3M Cogent, Inc.

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SOURCE Research and Markets