Global Biometrics Market in Retail Sector 2016-2020

  • ID: 3605238
  • Report
  • Region: Global
  • 89 pages
  • TechNavio
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  • Allegion
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About Biometrics

Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft.

Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition.

Analysts forecast the global biometrics market in the retail sector to grow at a CAGR of 21.30% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global biometrics market in the retail sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on technology

- Fingerprint identification
- Facial recognition
- Hand geometry
- Vein recognition

This report, Global Biometrics Market in Retail Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

- Crossmatch Technologies
- Honeywell Security
- M2SYS Technology
- NEC
- Safran
- Suprema

Other prominent vendors

- Allegion
- Ayonix
- BIO-key
- Biometric Time Clock Systems
- Cognitec Systems
- eSSL Security
- ePortID
- FingerCheck
- FUJITSU
- Herta Security
- TimeLabs
- Trac-Tech
- Tyco.

Market drivers

- Emergence of contactless biometrics
- For a full, detailed list, view the full report

Market challenges

- Security concerns
- For a full, detailed list, view the full report

Market trends

- Incorporation of biometric workforce management systems at retail stores
- For a full, detailed list, view the full report

Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- 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 key vendors?
- What are the strengths and weaknesses of the key vendors?
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FEATURED COMPANIES

  • Allegion
  • Cognitec Systems
  • eSSL Security
  • Herta Security
  • NEC
  • TimeLabs
  • MORE
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Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary
  • 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
  • Working of biometrics
  • Biometric technologies used in retail sector
  • Applications of biometrics in retail sector
  • Advantages and disadvantages of biometrics in retail sector
PART 06: Market landscape
  • Market overview
  • Product life cycle of biometric technologies in retail sector
  • Share of retail sector in the global biometrics market
  • Global biometrics market in retail sector
  • Five forces analysis
PART 07: Market segmentation by technology
  • Global biometrics market in retail sector by technology 2015-2020
  • Global fingerprint identification market in retail sector
  • Global facial recognition market in retail sector
  • Global hand geometry recognition market in retail sector
  • Global vein recognition market in retail sector
PART 08: Geographical segmentation
  • Segmentation of global biometric market in retail sector by geography 2015-2020
  • Segmentation of global biometrics market in retail sector by geography 2015-2020 (revenue)
PART 09: Market developments

PART 10: Market trends and opportunities

PART 11: Market inhibitors

PART 12: Vendor dynamics
  • Vendors matrix
  • Description of major vendors
  • Vendor news updates
  • Other prominent vendors
PART 13: Key vendor analysis
  • Crossmatch Technologies
  • Honeywell Security
  • M2SYS Technology
  • NEC
  • Safran
  • Suprema
PART 14: Appendix
  • List of abbreviations
List of Exhibits

Exhibit 01: Working of biometrics
Exhibit 02: Overview of global biometrics market in retail sector
Exhibit 03: Product life cycle of biometric technologies used in retail sector
Exhibit 04: Share of retail sector in the global biometrics market 2014-2019
Exhibit 05: Global biometrics market in retail sector 2015-2020 ($ millions)
Exhibit 06: Five forces analysis
Exhibit 07: Global biometrics market in retail sector by technology 2015-2020
Exhibit 08: Global fingerprint identification market in retail sector 2015-2020 ($ millions)
Exhibit 09: Global facial recognition market in retail sector 2015-2020 ($ millions)
Exhibit 10: Global hand geometry recognition market in retail sector 2015-2020 ($ millions)
Exhibit 11: Global vein recognition market in retail sector 2015-2020 ($ millions)
Exhibit 12: Segmentation of global biometrics market in retail sector by geography 2015-2020
Exhibit 13: Segmentation of global biometrics market in retail sector by geography 2014-2019 ($ millions)
Exhibit 14: Crossmatch: Products and solutions
Exhibit 15: Honeywell Security: Product segmentation
Exhibit 16: M2SYS Technology: Key solutions
Exhibit 17: NEC: Business segmentation by revenue 2015
Exhibit 18: NEC: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 19: NEC: Geographical Segmentation by Revenue 2015
Exhibit 20: Safran: Business segmentation by revenue 2014
Exhibit 21: Safran: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 22: Safran: Geographical segmentation by revenue 2014
Exhibit 23: Suprema: Product segmentation
Exhibit 24: Suprema: Geographical Segmentation by revenue 2014
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FEATURED COMPANIES

  • Allegion
  • Cognitec Systems
  • eSSL Security
  • Herta Security
  • NEC
  • TimeLabs
  • MORE
1h Free Analyst Time

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

New Report Released: - Global Biometrics Market in Retail Sector 2016-2020

The author of the report recognizes the following companies as the key players in the Global Biometrics Market in Retail Sector: Crossmatch Technologies, Honeywell Security, M2SYS Technology, NEC, Safran and Suprema

Other Prominent Vendors in the market are: Allegion, Ayonix, BIO-key, Biometric Time Clock Systems, Cognitec Systems, eSSL Security, ePortID, FingerCheck, FUJITSU, Herta Security, TimeLabs, Trac-Tech, and Tyco.

Commenting on the report, an analyst from the research team said: “Retail stores are increasingly turning to the implementation of biometrics workforce management systems to provide access to authorized workers and deny entry to unauthorized workers The workforce is a major expense for any organization, and in the retail sector it is imperative that the workforce is managed effectively.”

According to the report, physical contact is necessary for fingerprint biometrics, requiring an employee to place a finger on the sensor. Concerns related to hygiene are increasing among individuals because of increased instances of communicable diseases, such as Ebola and swine flu. Therefore, organizations are reluctant to adopt contact biometric solutions.

Further, the report states that high cost is the major inhibitor in the adoption of biometric technologies.

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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- Crossmatch Technologies
- Honeywell Security
- M2SYS Technology
- NEC
- Safran
- Suprema
- Allegion
- Ayonix
- BIO-key
- Biometric Time Clock Systems
- Cognitec Systems
- eSSL Security
- ePortID
- FingerCheck
- FUJITSU
- Herta Security
- TimeLabs
- Trac-Tech
- Tyco.
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