Biometrics identifiesa person through the physiological and behavioral traits such as fingerprint,Iris, palm, retina, face, and signature. Biometrics uses physiological andbehavioral traits of a human which inseparable thus reduces the threat of loss,theft and guessed which is in the case of smartcard, password, and PIN. Theglobal market for biometrics is expected to grow at a CAGR of 16.5% from 2016to 2021 primarily driven by its use in government large scale projects andhealthcare application.
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Fingerprint commands the largest market sharein terms of revenues and unit shipment because of its ease of use andaffordability followed by face and iris. However in the next few year it isprojected that other technologies such as face, iris and vein will grow andincrease their market share. Vein is expected to increase in demand and achievethe fastest growth in the next 4 to 5 years across segments. North Americaleads the biometric deployment market followed by Europe and APAC. Governmentis the largest vertical market with maximum biometrics installations andcaptures two third of market share.
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This research report on the biometricsmarket provides in-depth analysis of the global marketbased on types of biometrics recognition systems, end-user/vertical markets andmajor geographies for the period from 2016 to 2021. The report highlights themajor market drivers pushing the growth and challenges faced by marketparticipants. The research report provides market size and forecast for all themarket segments and verticals markets. The report also analyze the competitivelandscape and the major player and their market share in 2014. The competitivelandscape section of the report also captures and highlights the recentdevelopment in the market.
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The report also profiles the major companies active in thisfield, including 3M, NFC, Fujitstu, Suprema, Saffron S.A, CrossmatchTechnologies, Hitachi, Facebank, Siemens and Fingerprint Cards AB.
Global Biometrics market competitive landscape
· Major Players and their Market Share Analysis
· New product launches
· Mergers and acquisitions
· Collaborations, partnerships, agreements andjoint ventures
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