Investment Opportunities for Biometrics in Latin America - 2017 - 2022

  • ID: 4388117
  • Report
  • Region: America, America (exc North), Latin America
  • 93 pages
  • Mordor Intelligence
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Biometric identification is much more accurate and secure than many traditional methods of identification and authentication. Latin America is one of the fastest growing regions in global biometrics market with countries such as Brazil, Mexico, and Argentina contributing majorly for the growth of the market. Market growth in Latin America would result from government expenditures and customer focused corporate investments. Brazil accounted a major share on the whole Latin America's biometrics market. Government spending, increasing security spending, cybercrimes and deployment of face recognition scanners across borders and airports of countries, are the factors that are making the biometrics technology grow lucratively in Latin America.

Mexico is expected to grow with more number of projects such as national ID, voter ID, e-passports, e-driver's license, and ID cards based on biometrics. Mexico is one of the key countries in global biometrics market, which is utilizing fingerprint, face and IRIS based biometric systems in its national ID project. Mexico and Argentina are developing their own biometric national ID systems to avoid identity fraud. Biometric identification system can help facilitate advancements in social, political, and economic development.

Demand for biometrics access control systems is expected to increase in the next two years. Brazil biometrics market is emerging as one of the fastest growing biometrics markets in Latin America. Sporting of international events such as FIFA World Cup 2014 and Olympics 2016, escalating private investments, rising security concerns and increasing government security spending, are the factors driving the growth of biometrics in Brazilian market. With the increase in the demand for these devices, more number of local manufacturers would want to step up their presence in the market.

The Biometrics market is segmented on the basis of Technology (Fingerprint Scanning, Iris Scanning, Face Recognition, Voice Recognition, Signature Recognition, Palm Print Recognition, Vein Recognition, Gait Recognition, DNA Recognition and Others), and Application (Security, Travel & Immigration, Banking and Finance, Military & Defense, Government, Consumer/Residential and Others).

The report offers the countries showing growth in Latin America and emerging companies along with a list of their Financials and presents a host of investment opportunities ready for the taking. This report on the outlook for lucrative investment areas reviews the potential future returns, technological advancements, regulations and market responses so as to provide a clear perspective on the potential implications for the growth prospects of Biometrics Market in Latin America during the forecast period (2017-2022).

This Report Offers:

Market Definition of Investment Opportunities for Emerging Technologies in Latin America along with identification of key drivers and restraints for the market.

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market.

Extensively researched competitive landscape section with profiles of Emerging companies along with their financials, strategic initiatives and market shares.

Identification and analysis of the Macro and Micro factors that affect the Investment Opportunities for Emerging Technologies in Latin America.
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1. Introduction
1.1 Report Description
1.2 Research Methodology
1.3 Market Definition
1.4 Areas Covered
2. Executive Summary
3. Industry Analysis
3.1 Introduction
3.2 Current Market Scenario
3.3 Porter's Five Force
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the Industry
4. Market Overview
4.1 Factors Driving the Market
4.1.1 Government Initiatives and Corporate Investments
4.1.2 Technology Acceptance and Ease of Usage
4.1.3 Increasing Market Growth In Banking and Healthcare
4.2 Factors Restraining the Market
4.2.1 High Initial Investment
4.2.2 Privacy Concerns
4.2.3 Spoofing Attacks
4.3 Current Opportunities in the Market
4.3.1 Rising Growth In Brazil
5. Biometrics Market Breakdown By Technology
5.1 Fingerprint Scanning/Recognition
5.2 Iris Scanning/Recognition
5.3 Face Recognition
5.4 Voice Recognition
5.5 Signature Recognition
5.6 Palm Print Recognition
5.7 Vein Recognition
5.8 Gait Recognition
5.9 DNA Recognition
5.10 Others
6. Biometrics Market Breakdown By Application
6.1 Security
6.2 Travel & Immigration
6.3 Banking and Finance
6.4 Military and Defense
6.5 Government
6.6 Consumer/Residential
6.7 Others
7. Emerging Countries for Biometrics Market in Latin America
8. Brazil
8.1 Introduction
8.2 Emerging Companies in Brazil - Griaule Biometrics Ltda., Neokoros Brasil Ltda., Madis Rodbel Soluções de Ponto e Acesso Ltda.
8.2.1 Company Overview
8.2.2 Products and Services
8.2.3 New and Existing Contracts
8.2.4 Recent Developments
8.2.5 Client List
8.2.6 Financial Overview Basic Financial Structure Recent Fundings Major Investors Funding Pattern Number of Employees
9. Mexico
9.1 Introduction
9.2 Emerging Companies in Mexico - JOLSIS, CommLogik, Ingressio
9.2.1 Company Overview
9.2.2 Products and Services
9.2.3 New and Existing Contracts
9.2.4 Recent Developments
9.2.5 Client List
9.2.6 Financial Overview Basic Financial Structure Recent Fundings Major Investors Funding Pattern Number of Employees
10. Argentina
10.1 Introduction
10.2 Emerging Companies in Argentina - Digital Security Management SRL, Domonet S.A., Ex-Cle
10.2.1 Company Overview
10.2.2 Products and Services
10.2.3 New and Existing Contracts
10.2.4 Recent Developments
10.2.5 Client List
10.2.6 Financial Overview Basic Financial Structure Recent Fundings Major Investors Funding Pattern Number of Employees
11. Market Landscape
11.1 Market Trends
11.2 Market Forecasts
11.3 New Product Developments and Innovations
12. Investment Analysis
12.1 Recent Mergers and Acquisitions
12.2 Investor Outlook
13. Future Outlook
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Note: Product cover images may vary from those shown