LONDON--(BUSINESS WIRE)--The global biometrics market in the education sector is expected to grow at a CAGR of more than 26% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global biometrics market in the education sector for 2017-2021. The market is further categorized into three types, including fingerprinting technology, iris recognition technology, and facial recognition technology, of which the fingerprinting technology accounted for the highest market share of more than 67% in 2016.
“The emergence of multimodal biometrics is another factor increasing the use of biometrics in the education sector. The incorporation of multimodal biometrics will make it difficult for miscreants to access information of institutions or student, as this feature recognizes artificial and original sample. The use of single sign-ons and multifactor authentication in biometrics provides better security to students in institutions,” says Jhansi Mary, a lead education technology research expert from Technavio.
Technavio’s research analysts segment the global biometrics market in the education sector into the following regions:
- APAC
- North America
- Europe
- ROW
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Biometrics market in education sector in APAC
Educational institutions are investing in biometrics solutions to improve the overall infrastructure. In developed economies such as Singapore and Japan, the demand for biometrics systems is already prevalent owing to the stable digital infrastructure. In India and China, rising privatization of education will result in higher investment to improve the quality of the learning environment in these countries. All these developments will ensure significant revenue potential for vendors that design and develop biometrics solutions for the education market.
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Biometrics market in education sector in North America
The necessity to provide tight security and safety for students in the K-12 and higher education segments will propel the growth of the biometrics market in North America. In the higher education segment, biometrics is extensively used to reduce the rate of truancy among students.
“Many school districts in the US have included biometrics solutions in their annual budgetary expenditure, which indicates the potential market vendors. Also, the sustained interest to digitize the overall learning environment is also contributing to the robust demand for biometrics in schools and colleges in this region,” says Jhansi.
Biometrics market in education sector in Europe
The major factor responsible for the growing demand for biometrics systems in the education sector in Europe is the Europe 2020 strategy that was proposed in 2010 for the betterment of the economy of the European Union (EU). Among headways in various aspects such as climate change and employment, this strategy has been giving importance to education and training, which will contribute to a sustainable economic growth in the region. The need for educational improvements will successively give rise to developments in the education sector. This, in turn, will lead to the adoption of advanced systems such as biometrics technology.
Biometrics market in education sector in ROW
Various GCC countries such as Saudi Arabia, Qatar, Kuwait, and the UAE have allocated a significant percentage of the budget for education. The budgetary expenditure also includes the construction of education projects. This implies the demand for all the necessary infrastructure products and services in the education market. Therefore, investments will also be made in biometrics systems to provide refined learning as well as safe environment. Many educational institutions in the region have started implementing and installing biometrics systems for attendance management of students.
The top vendors in the global biometrics market in the education sector market as highlighted in this market research analysis are:
- BIO-key
- BioLink Solutions
- BioStore
- Capture Innovative Solutions
- SMI Global
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