LONDON--(BUSINESS WIRE)--Technavio has published a new report on the biometric market in BRIC countries, which is expected to grow at a CAGR of over 23% from 2015-2019.
About the Report
The latest report by Technavio draws attention towards the industry-specific biometric solutions, which are designed in accordance with regional and international industrial laws and standards.
“For instance, Crossmatch Technologies offers industry-specific biometric solutions such as its line of U.are.U fingerprint readers for the BFSI sector, and the I Scan 2, L Scan 500P, and L Scan 1000PX for the defense sector,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also highlights the demand for contactless biometrics is creating a growth opportunity for contactless systems such as technologically advanced iris cameras.
“Nowadays, people are reluctant to adopt contact biometric solutions in public places because of increased instances of communicable diseases such as Ebola and H1N1. Therefore, biometric technology vendors and biometric scanner manufacturers are focusing on the development of contactless fingerprint scanners, which will help elevate market growth,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the biometric market in BRIC countries from 2015-2019. To calculate the market size, the report considers the revenue generated from sales of biometric solutions, including hardware, software, integrated solutions, and services.
Key Information Covered in the Report:
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Key Vendors:
- Crossmatch
- HID Global
- 3M Cogent
- NEC
- Safran
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Market Growth Drivers:
- Emergence of cloud biometrics
- For a full detailed list, view our report.
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Market Challenges:
- High potential for inaccuracies
- For a full detailed list, view our report.
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Market Trends:
- Demand for contactless biometrics
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the biometrics market:
- Emerging Biometrics Technologies: Global Industry Analysis 2015-2019
- Global Hand Geometry Biometrics Market 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
