North American Biometrics Market

This Frost & Sullivan research service titled North American Biometrics Market provides an in-depth analysis of the market drivers and restraints, industry trends, and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan’s expert analysts thoroughly examine the following technologies: fingerprint, face recognition, iris recognition, hand geometry, voice verification, signature verification, and other emerging technologies.

Market Overview

North American Biometrics Market Witnesses Growth Spurt, as Security Issues come to the Forefront

The North American biometrics market is likely to experience a steady growth rate, with national ID projects, e-Passports, and other security projects spearheading market growth. Trends indicate that the industry has evolved a great deal over the past 5 years due to the increased accuracy rates and performance levels of the technology. Biometric standards, cost versus performance benchmarks, and interoperability issues have enabled high uptake in both civil and commercial applications. Fraudulent activities and identity thefts have cost institutions significant revenue losses. "With the proliferation of crime due to the economic meltdown, the need for optimized security was apparent across government organizations, financial institutions, retail, and healthcare industries," notes the analyst of this research service. "Initiatives by biometric vendors and continuous investments in R&D to offer highly accurate and affordable products will considerably enhance prospects for biometrics in the coming years." The adoption of biometrics in the consumer market opened new avenues of opportunity for the biometrics industry. Unique technologies such as brain fingerprinting, DNA fingerprinting, and skin printing are poised to propel the market forward in the long term.

Although the outlook for the market is bright, there are some impediments slowing its momentum. The economic slowdown had cast a shadow over the market, and the financial and consumer sectors felt its impact the most. In the government sector, projects were delayed; however, there were few cancellations. Government-backed projects typically have long sales cycles and can sometimes stretch over a year before completion, depending on the complexity of the project. Budgetary constraints and delayed testing have also contributed to long sales cycles. Privacy constraints have remained roadblocks for market participants. Vendors must effectively identify and address privacy concerns in the public and private sectors prior to the implementation of this technology. Intensifying the focus on building awareness of privacy issues is essential, and this can be achieved by conducting trade shows and conferences. Apart from this, lack of standardization and insufficient awareness of the technology, its application and wide scope have prevented market penetration. Better awareness would lead to higher revenues for this market. In addition, showcasing the cost savings made by the existing clients could help make the technology more acceptable. As customer retention poses a challenge, there is a need for biometric vendors to showcase successful implementation as reference sites for potential clients.

To deal with intensifying competition and ensure progress, small-scale companies should form strategic alliances and large companies should undertake acquisitions. "Strategic alliances and acquisitions will lead to deployment of multimodal technology," says the analyst. "This multi-factor authentication will provide stronger security by collectively overcoming the limitations of individual technologies and contributing to the long-term growth of the biometrics market." The emphasis for participants must be on delivering highly accurate and cost-effective solutions to generate healthy profit margins. Innovative solutions with high performance levels and value-added customer service hold the key for winning contracts.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

By End-use Vertical:

- Government/law enforcement
- Financial
- Healthcare
- Other verticals market

By Application Type:

- Physical access control
- Criminal identification
- e-Documents
- Transactional authentication
- Consumer electronics SHOW LESS READ MORE >

1. Executive Summary
- 1.1 Total North American Biometrics Market
- 1.2 Overview
- 1.3 Success Stories
- 1.4 Market Engineering Measurements

2. Market Segmentation and Definitions
- 2.1 Research Scope and Methodology
- 2.2 Market Segmentation
- 2.3 Biometric Technologies
- 2.4 Market Definitions and Scope

3. Market Dynamics
- 3.1 Industry Challenges
- 3.2 Market Drivers and Restraints
- 3.3 Market Drivers
- 3.4 Market Restraints

4. Revenue Forecasts
- 4.1 Revenue Forecasts (North America)
- 4.2 Revenue Forecasts Highlight
- 4.3 Revenue Forecasts by Vertical
- 4.4 Vertical Contribution Highlight
- 4.5 Revenue Forecasts by Application
- 4.6 Application Contribution Highlight
- 4.7 Revenue Forecasts by Technology
- 4.8 Technology Contribution Highlight

5. Vertical Analysis
- 5.1 Percent of Revenues by Vertical
- 5.2 Government/Law Enforcement Market
- 5.3 Financial Market
- 5.4 Health Care Market
- 5.5 Other Verticals Market

6. Application Analysis
- 6.1 Percent of Revenues by Application
- 6.2 Physical Access Control Market
- 6.3 e-Documents Market
- 6.4 Consumer Electronics Market
- 6.5 Transaction Authentication Market
- 6.6 Criminal Identification Market

7 Technology Analysis
- 7.1 Percent of Revenues by Technology
- 7.2 Fingerprint (non-AFIS) Technology
- 7.3 Face Recognition Technology
- 7.4 Iris Recognition Technology
- 7.5 Hand Geometry Technology
- 7.6 Voice Verification Technology
- 7.7 Signature Verification Technology
- 7.8 Other Technologies
- 7.9 Technology Trends
- 7.10 Future Technology Trends
- 7.11 Pricing Trends

8. Competitive Analysis
- 8.1 Distribution Trends
- 8.2 Competitive Structure
- 8.3 Market Concentration by Technology
- 8.4 Porter’s Five Forces Analysis
- 8.5 Product Innovations in the Market
- 8.6 Consolidations in the Market
- 8.7 Major Biometric Participants by Technology

List of Figures & Charts

List of Figures

Total Biometrics Market: Market Engineering Measurements (North America), 2009
Total Biometrics Market: Revenue Forecasts (North America), 2006-2016
Total Biometrics Market: Revenue Forecasts by Vertical (North America), 2006-2016
Total Biometrics Market: Revenue Forecasts by Application (North America), 2006-2016
Total Biometrics Market: Revenue Forecasts by Technology (North America), 2006-2016
Total Biometrics Market: Percent of Revenues by Vertical (North America), 2006-2016
Government/Law Enforcement Market: Revenue Forecasts (North America), 2006-2016
Financial Market: Revenue Forecasts (North America), 2006-2016
Health Care Market: Revenue Forecasts (North America), 2006-2016
Total Biometrics Market: Percent of Revenues by Application (North America), 2006-2016
Physical Access Control Market: Revenue Forecasts (North America), 2006-2016
e-Documents Market: Revenue Forecasts (North America), 2006-2016
Consumer Electronics Market: Revenue Forecasts (North America), 2006-2016
Transactional Authentication Market: Revenue Forecasts (North America), 2006-2016
Criminal Identification Market: Revenue Forecasts (North America), 2006-2016
Total Biometrics Market: Percent of Revenues by Technology (North America), 2006-2016
Non-AFIS Fingerprint Biometrics Market: Revenue Forecasts (North America), 2006-2016
Face Recognition Biometrics Market: Revenue Forecasts (North America), 2006-2016
Iris Recognition Biometrics Market: Revenue Forecasts (North America), 2006-2016
Hand Geometry Biometrics Market: Revenue Forecasts (North America), 2006-2016
Voice Verification Biometrics Market: Revenue Forecasts (North America), 2006-2016
Signature Verification Biometrics Market: Revenue Forecasts (North America), 2006-2016
Other Technologies Biometrics Market: Revenue Forecasts (North America), 2006-2016
Total Biometrics Market: Competitive Structure (North America), 2009
Total Biometrics Market: Market Concentration by Technology (North America), 2009

List of Charts

Total Biometrics Market: Revenue Forecasts, (North America), 2006-2016
Total Biometrics Market: Market Segmentation (North America), 2009
Total Biometrics Market: Biometric Technologies (North America), 2006-2016
Total Biometrics Market: Market Drivers and Restraints (North America), 2010-2016
Total Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Total Biometrics Market: Percent of Revenues by Vertical (North America), 2016
Other Verticals Market: Revenue Forecasts (North America), 2006-2016
Total Biometrics Market: Percent of Revenues by Application, (North America), 2009
Total Biometrics Market: Percentage of Revenues by Application (North America), 2016
Total Biometrics Market: Percent of Revenues by Technology (North America), 2009
Total Biometrics Market: Percent of Revenues by Technology (North America), 2016
Non-AFIS Fingerprint Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Non-AFIS Fingerprint Biometrics Market: Percent of Revenues by Application (North America), 2009
Face Recognition Biometrics Market: Percent of Revenues by Application (North America), 2009
Face Recognition Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Iris Recognition Biometrics Market: Percent of Revenues by Application (North America), 2009
Iris Recognition Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Hand Geometry Biometrics Market: Percent of Revenues by Application (North America), 2009
Hand Geometry Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Voice Verification Biometrics Market: Percent of Revenues by Application (North America), 2009
Voice Verification Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Signature Verification Biometrics Market: Percent of Revenues by Application (North America), 2009
Signature Verification Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Other Technologies Biometrics Market: Percent of Revenues by Application (North America), 2009
Other Technologies Biometrics Market: Percent of Revenues by Vertical (North America), 2009
Total Biometrics Market: Porter’s Five Force Analysis (North America), 2009

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