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Global Biometrics Market in Hospitality Sector 2016-2020

  • ID: 3505507
  • Report
  • November 2015
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • 3M Cogent
  • Allegion
  • ePortID
  • Herta Security
  • IriTech
  • NEC
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Market outlook of the biometrics market in the hospitality sector

The market research analyst predicts the global biometrics market in the hospitality sector to grow at a CAGR of around 27% during the forecast period. With the increase in cases of time theft, data theft, and other criminal activities in the hospitality sector, the demand for security technologies including a highly reliable and accessible personal authentication and identification systems has increased. Biometrics has emerged as a suitable security and monitoring solution to meet this need as it is based on the behavioral and physiological characteristics of an individual, which is difficult to replicate. Biometrics in the hospitality sector is seen as the most accurate and reliable system because it eliminates manual inputs, identity card exchange, and time theft.

Biometrics in hospitality sector gives real-time information about workforce and visitors by providing complete and accurate visibility to their reporting and leaving time. It enables the hospitality sector to gain better insight into the employees work and time spent on work. Biometrics is being used in the hospitality sector for monitoring, identification, and access control. The adoption of biometrics in the hospitality sector is expected to increase during the forecast period due to the increased instances of security breaches such as terrorist attacks and bombings in the past two to three years in the hospitality sector.

Technology segmentation and analysis of the biometrics market in hospitality sector

Fingerprint identification

Facial recognition

Vein recognition

The fingerprint identification accounted for the largest market share in the biometrics market in hospitality sector during 2015. However, this segment is anticipated to witness a decline in its shares by the end of 2020 as fingerprints can be recreated easily. For instance, The Chaos Computer Club, Europes largest association of hackers, was able to reconstruct an accurate thumb impression of an individual by using VeriFinger.

Geographical segmentation and analysis of the biometrics market in hospitality sector

APAC

Europe

Latin America

MEA

North America
North America dominated the market during 2015, accounting for a market share of around 40%. The increased acceptance of biometrics in the hospitality sector for time and attendance monitoring, access to PCs, networks, and servers, control access to restricted areas, and limit access to critical data has been driving the market growth in this region. . This region is expected to retain its market leadership until the end of the forecast period due to an increase in instances of security breaches in the hospitality sector such as terrorist attacks and bombings.

Competitive landscape and key vendors

The global biometrics market in the hospitality sector is fragmented due to the presence of numerous small regional vendors and large multinational vendors. International players are investing in upgrading existing technologies. The key players are expected to diversify their geographical presence with a focus on APAC during the forecast period.

The leading vendors in the market are -

3M Cogent

Crossmatch

FUJITSU

M2SYS

NEC

The other prominent vendors of the market include ACTAtek, Allegion, ePortID, Herta Security, Iris ID, IriTech, SecurAX Tech, SekureID, TENBIO, Trac-Tech, Tyco, and WatchGuard.

Key questions answered in the report

What will the market size and the growth rate be in 2020

What are the key factors driving the global biometrics market in the hospitality sector

What are the key market trends impacting the growth of the biometrics market in the hospitality sector

What are the challenges to market growth

Who are the key vendors in this market space

What are the market opportunities and threats faced by the vendors in the global biometrics market in the hospitality sector

Trending factors influencing the market shares of the North America, Europe, APAC, MEA, and Latin America

What are the key outcomes of the five forces analysis of the global biometrics market in the hospitality sector

Related reports:

Biometrics Market in BRIC Countries 2015-2019

Global Biometric in Workforce Management 2015-2019

Global Biometrics Market in BFSI Sector 2015-2019

Biometrics Market in the Middle East 2015-2019
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FEATURED COMPANIES

  • 3M Cogent
  • Allegion
  • ePortID
  • Herta Security
  • IriTech
  • NEC
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary
- Key Highlights

PART 02: Scope of the report
- Market overview

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights

PART 05: Market description
- Biometric technologies in workforce management
- Major drivers
- Advantages and disadvantages of biometrics in workforce management

PART 06: Market landscape
- Market overview
- Product life cycle of biometric technologies in workforce management
- Global biometrics market
- Global biometrics market in workforce management

PART 07: Market segmentation by application
- Segmentation of global biometrics market in workforce management by application
- Global biometric identification market in workforce management
- Global biometric access control market in workforce management
- Global biometric monitoring market in workforce management

PART 08: Market segmentation by technology
- Segmentation of global biometrics market in workforce management by technology
- Global fingerprint identification market in workforce management
- Global facial recognition market in workforce management
- Global iris recognition market in workforce management

PART 09: Market segmentation by end-user
- Segmentation of global biometrics market in workforce management by end-user
- Global biometrics market in workforce management in government sector
- Global biometrics market in workforce management in BFSI sector
- Global biometrics market in workforce management in healthcare sector
- Global biometrics market in workforce management in transportation sector

PART 10: Geographical segmentation
- Segmentation of global biometrics market in workforce management by geography
- Global biometrics market in workforce management by geography 2014-2019

PART 11: Key market developments

PART 12: Market growth inhibitors

PART 13: Market trends and opportunities

PART 14: Vendor landscape
- Vendors matrix
- Description of major vendors
- Vendor news updates
- Other prominent vendors

PART 15: Key vendor analysis
- 3M Cogent
- BioEnable
- M2SYS Technology
- Safran
Suprema

PART 16: Appendix
List of abbreviations

PART 17: About the Author

List of Exhibits
Exhibit 01: Overview of global biometrics market in workforce management
Exhibit 02: Global biometrics market 2014-2019 ($ billions)
Exhibit 03: Global biometrics market in workforce management 2014-2019 ($ billions)
Exhibit 04: Global biometrics market in workforce management by application 2014-2019
Exhibit 05: Global biometric identification market in workforce management 2014-2019 ($ billions)
Exhibit 06: Global biometric access control market in workforce management 2014-2019 ($ billions)
Exhibit 07: Global biometric monitoring market in workforce management 2014-2019 ($ billions)
Exhibit 08: Segmentation of global biometrics market in workforce management by technology 2014-2019
Exhibit 09: Global fingerprint identification market in workforce management 2014-2019 ($ billions)
Exhibit 10: Global facial recognition market in workforce management 2014-2019 ($ billions)
Exhibit 11: Global iris recognition market in workforce management 2014-2019 ($ billions)
Exhibit 12: Segmentation of global biometrics market in workforce management by end-user 2014-2019
Exhibit 13: Global biometrics market in workforce management in government sector 2014-2019 ($ billions)
Exhibit 14: Global biometrics market in workforce management in BFSI sector 2014-2019 ($ billions)
Exhibit 15: Global biometrics market in workforce management in healthcare sector 2014-2019 ($ billions)
Exhibit 16: Global biometrics market in workforce management in transportation sector 2014-2019 ($ billions)
Exhibit 17: Segmentation of global biometrics market in workforce management by geography 2014-2019
Exhibit 18: Global biometrics market in workforce management by geography 2014-2019 ($ billions)
Exhibit 19: 3M Cogent: Business segmentation 2014
Exhibit 20: Business segmentation by net sales 2013 and 2014
Exhibit 21: Safran: Business segmentation by revenue 2014
Exhibit 22: Safran: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 23: Safran: Geographical segmentation by revenue 2014
Exhibit 24: Suprema: Product segmentation
Exhibit 25: Suprema: Geographical segmentation by revenue 2014
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4 of 6

FEATURED COMPANIES

  • 3M Cogent
  • Allegion
  • ePortID
  • Herta Security
  • IriTech
  • NEC
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: Global Biometrics in Hospitality sector 2016-2020

The author of the report recognizes the following companies as the key players in the Global Biometrics in Hospitality sector: 3M Cogent, Crossmatch, FUJITSU, M2SYS and NEC

Other Prominent Vendors in the market are: ACTAtek, Allegion, ePortID, Herta Security, Iris ID, IriTech, SecurAX Tech, SekureID, TENBIO, Trac-Tech, Tyco, and WatchGuard.

Commenting on the report, an analyst from Technavios team said: Smart bracelets have begun to gain importance in travel and hospitality sectors. These bracelets enable the end-user to make a payment in an amusement park or to open a hotel room door, thereby eliminating the traditional ticket and key card systems. One of the most well-known example of a smart bracelet is Disneys MagicBand. This sensor-based wristband is an all-in-one device that allows the visitors to check-in at entrance, secure entry into theme and water parks, to unlock their hotel room, and to purchase food and souvenirs by touching the keypad of their smartphones.

According to the report, biometrics integrated into smart cards offer the advantage of offline authentication, which is beneficial for end-users present in remote locations without proper communication infrastructure. In addition, smart cards have the added advantage of storing many applications for multiple purposes. Hence, a smart card integrated with biometrics enables physical and logical access.

Further, the report states that fingerprints can be affected by factors such as cuts, dirt, and skin allergies. Fingerprint databases can also be hacked and genuine fingerprints replaced with duplicate latent fingerprints.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

- 3M Cogent
- Crossmatch
- FUJITSU
- M2SYS
- NEC
- ACTAtek
- Allegion
- ePortID
- Herta Security
- Iris ID
- IriTech
- SecurAX Tech
- SekureID
- TENBIO
- Trac-Tech
- Tyco
- WatchGuard
Note: Product cover images may vary from those shown
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