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Biometric System Market, by Authentication Type, by Functionality Type, by Application, by Region, Global Industry Insights, Trend Analysis, Competitive Market Share and Forecast, 2015-2025

  • ID: 4855443
  • Report
  • July 2019
  • Region: Global
  • 120 pages
  • Blueweave Consulting & Research Pvt Ltd
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Biometric technology is used for recognition and verification of persons by analyzing their fingerprints, voice, face, iris, and hand geometry signatures. Biometrics is a technology that can be implemented across different industries wherever identification and authentication is a need, regardless of their type, size, shape, or geographic location. Growing applications in commercial & government sectors, technological advancement, and increasing demand for improved security systems in organizations fuel the market growth during the forecast period. The emergent adoption of the technology in the e-commerce industry for secure payments, growing applications within the finance industry, and increasing security concerns are anticipated to propel the market during the forecast period. In India, government projects like the Aadhaar program (UIDAI), coupled with the issuance of e-passports & visas, etc. further projected to propel the market. Moreover, an increasing number of ATMs, coupled with the growing number of smartphone and internet users, is also expected to have a huge positive impact on the biometrics market. With biometrics technology, there are reduced frauds and security breaches as compared to traditional methods like the use of tokens and passwords. Other factors such as a need for security, growing terror attacks and increasing crimes are driving the market growth.

Among the Authentication type, the Single-Factor Authentication segment holds the largest market share of the global biometric system market during the forecast period

Based on the authentication type, the market has been divided into Single-Factor and Multifactor authentication. Among them, the single-factor market dominates the overall market during the forecast period 2019-2025. Single-Factor authentication includes Fingerprint recognition, Iris recognition, palm print recognition, Face recognition, Signature recognition, Voice recognition, and others. Multifactor authentication includes Smart card with biometrics, Pin with biometrics, and Multimodal biometrics. In 2017, the pin with biometrics held the largest share of multifactor authentication type in the biometrics system market due to its cost-effectiveness. The systems based on both biometrics and PIN uses a secure technique for authentication compared with other multifactor authentication systems.

The non-contact segment is projected to be the fastest-growing functionality type of the global biometric system market during the forecast period

The global biometrics system market has been segmented based on functionality type as Contact, Non-Contact, and Combined. With the development of information and communication technology in recent years, the importance of security measuring is increasing. The fingerprint technology is the leading contact functionality segment of the overall biometric system market. The extensive adoption and rising implementation of fingerprint recognition systems are propelling the market for contact-based functionality.

North America accounts for the lion’s share of the global biometric system market during the forecast period

Geographically, the biometric system market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the leading region during the forecast timeline due to favorable government regulations, growing travel & tourism activities across the region, and the presence of major industry players will significantly contribute to the regional sales. Asia Pacific biometrics market is expected to showcase a significant growth rate owing to the increased implementation of biometrics in China and India. Furthermore, the introduction of China Resident Identity Card Law by China requires scanned and recorded fingerprints of citizens for identification. Europe biometrics market is projected to exhibit a significant share due to wide usage in military and IT applications.

Competitive Landscape

Companies such as Safran, NEC corporation, Thales, Fujitsu limited, ASSA ABLOY, Precise Biometrics, 3M Cognent, Secunet Security Networks, Hitachi, Cross Match Technologies, Stanley Black & Decker, Cognitec Systems, Daon, Facebanx, BIO-key International, Securiport, M2SYS Technology, Suprema, Qualcomm, Fulcrum Biometrics, and VASCO Data Security International are the leading players of biometric system market across the globe.

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1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation

3. Executive Summary

4. Industry Insights
4.1. Industry Value Chain Analysis
4.1.1. Vendor Matrix
4.2. Industry Impact and Forces
4.2.1. Growth Drivers
4.2.2. Challenges
4.2.3. Opportunities
4.3. Technological Landscape
4.4. Company market share analysis, 2018
4.5. Growth Potential analysis, 2018
4.6. Porter’s Five forces analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.7. PESTEL Analysis
4.8. Strategic Outlook

5. Global Biometric System Market Overview
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast 2015-2025
5.2.1. By Authentication Type Single-Factor Multifactor
5.2.2. By Functionality Type Contact Non-Contact Combined
5.2.3. By Application Government Military & Defense Healthcare Banking & Finance Travel & Immigration Automotive Others
5.2.4. By Region North America Europe Asia Pacific LATAM MEA

6. North America Biometric System Market
6.1. Key Regional Trends
6.2. Market estimates & forecast, 2015-2025 (USD Million)
6.2.1. By Authentication Type
6.2.2. By Functionality Type
6.2.3. By Application
6.2.4. By Country U.S Canada

7. Europe Biometric System Market
7.1. Key Regional Trends
7.2. Market estimates & forecast, 2015-2025 (USD Million)
7.2.1. By Authentication Type
7.2.2. By Functionality Type
7.2.3. By Application
7.2.4. By Country Germany U.K France Italy Rest of Europe

8. Asia Pacific Biometric System Market
8.1. Key Regional Trends
8.2. Market estimates & forecast, 2015-2025 (USD Million)
8.2.1. By Authentication Type
8.2.2. By Functionality Type
8.2.3. By Application
8.2.4. By Country China India Japan Australia Rest of APAC

9. Latin America Biometric System Market
9.1. Key Regional Trends
9.2. Market estimates & forecast, 2015-2025 (USD Million)
9.2.1. By Authentication Type
9.2.2. By Functionality Type
9.2.3. By Application
9.2.4. By Country Brazil Argentina Rest of Latin America

10. Middle East & Africa Biometric System Market
10.1. Key Regional Trends
10.2. Market estimates & forecast, 2015-2025 (USD Million)
10.2.1. By Authentication Type
10.2.2. By Functionality Type
10.2.3. By Application
10.2.4. By Country Saudi Arabia UAE Rest of MEA

11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)*
11.1. Safran
11.2. NEC corporation
11.3. Thales
11.4. Fujitsu limited
11.6. Precise Biometrics
11.7. 3M Cognent
11.8. Secunet Security Networks
11.9. Hitachi
11.10. Cross Match Technologies
11.11. Stanley Black & Decker
11.12. Cognitec Systems
11.13. Daon
11.14. Facebanx
11.15. BIO-key International
11.16. Securiport
11.17. M2SYS Technology
11.18. Qualcomm
11.19. Fulcrum Biometrics
11.20. VASCO Data Security International
*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
Note: Product cover images may vary from those shown
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