A biometric sensor is a transducer, which converts the biometric input signal (fingerprints, voice, vein patterns, or facial traits) of its user into an electrical signal. In order to authenticate any biometric measurement, a biometric sensor is required to scan the user's fingerprint or voice or face in the hardware set.
The analysts forecast the global biometric sensors market to grow at a CAGR of 10.14% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global biometric sensors market for 2016-2020. To calculate the market size, the report considers the total sales of biometric sensors (used in fingerprint recognition, iris recognition, facial recognition, hand geometry, voice recognition, and vein recognition) for end-user sectors such as government, transportation, healthcare, BFSI, and retail. The report also includes a discussion of the key vendors operating in this market.
According to the report, a major driver contributing to the growth of this market is the increasing number of identity thefts. Lately, there has been an increase in the number of identity and data theft cases, primarily because of the increase in the use of websites and web applications by end-users. The growing popularity of online consulting and sharing of health-related results online is also leading to identity theft cases.
The increasing complexity of these attacks is driving end-users to implement secure authentication solutions. Hence, there is increased adoption of biometric security solutions as they are one of the most secure authentication solutions. These solutions are very reliable as they efficiently assess individuals on the basis of their physical or behavioral traits, which are very difficult to forge, making them one of the strongest authentication solutions available in the market.
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?
- 3M Cogent
Other prominent vendors
- Fulcrum Biometrics
- IDEX ASA
For more information about this report visit http://www.researchandmarkets.com/research/3zrlcr/global_biometric