Research and Markets: Biometrics Market in South East Asia and ANZ 2014-2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/nb5nmz/biometrics_market) has announced the addition of the "Biometrics Market in South East Asia and ANZ 2014-2018" report to their offering.

The analysts forecast the Biometrics market in South East Asia and ANZ to grow at a CAGR of 15.82 percent over the period 2013-2018. Commenting on the report, an analyst from the researchers' team said: One of the most prominent trends witnessed in the market is the increased mergers and acquisitions. The Biometrics market in Southeast Asia and ANZ is witnessing increasing consolidation, which is expected to continue in the future. Both existing vendors and new entrants are taking the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, French defense company Safran completed the acquisition of biometric solution provider L-1 Identity Solutions in the second quarter of 2011 for US$1 billion. The acquisition helped Safran become a leading player in the Global Biometrics market. 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. Cogent manufactures biometric recognition systems that allow governments and businesses to identify individuals by their fingers, palms, faces, and irises.

According to the report, the growth of the Biometrics market in Southeast Asia and ANZ is driven by several factors, the most important of which is the high adoption of biometrics in the Government sector. There has been a substantial increase in the number of cyber-attacks on government departments and installations in Southeast Asia and ANZ over the past few years. Insider thefts are also increasing in government departments. As a result, the adoption of biometric solutions in the Government sector is increasing. This is in turn supporting the growth of the Biometrics market in Southeast Asia and ANZ.

One of the key challenges in the market is the strong competition from inexpensive non-biometric technologies. The presence of low-cost alternative technologies such as swipe cards, token-based two-factor authentication, and software authentication is a major challenge affecting the growth of the Biometrics market in Southeast Asia and ANZ.

Key Topics Covered

1. Executive Summary

2. List of Abbreviations

3. Scope of the Report

4. Market Research Methodology

5. Introduction

6. Market Description

7. Market Landscape

8. Market Segmentation by Technology

9. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

Companies Mentioned

- 3M Cogent

- AOptix Technologies

- Aware

- Biometix

- Cross Match Technologies

- Fujitsu

- Identity One Group.

- NEC

- Safran

For more information visit http://www.researchandmarkets.com/research/nb5nmz/biometrics_market

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: IT Security

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: IT Security