Research and Markets: The Global Government Biometric Systems Market 2015-2025 - Market Size and Drivers

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/ctkvbd/the_global) has announced the addition of the "The Global Government Biometric Systems Market 2015-2025 - Market Size and Drivers: Market Profile" report to their offering.

The global biometric systems market is estimated to value US$4.4 billion in 2015 and increase at a CAGR of 8.70% during the forecast period, to reach a peak of US$10.2 billion by 2025. The market consists of five categories of biometric systems: fingerprint recognition, facial recognition, iris/retinal recognition, signature recognition, and other technologies.

Reasons To Buy

- Gain insight into the Government Biometric Systems market with current and forecast market values.

- Understand the key drivers and attractiveness parameters of the global Government Biometric Systems market.

- Understand the various factors impacting the growth of the Government Biometric Systems market.

Key Topics Covered:

1 Introduction

2 Global Government Biometric Systems Market Size and Drivers

2.1 Biometric Systems Market Size and Forecast 2015-2025

  • Global government biometric systems market to show positive growth during the forecast period

2.2 Global Biometric Systems Market - Regional Analysis

  • North America dominates the global biometric systems market
  • Demand for fingerprint recognition systems in the US to drive the North American biometric systems market
  • Government biometrics expenditure in the Asia-Pacific region to witness substantial growth over the forecast period
  • E-Passports and national ID programs to drive the European spending on biometrics market
  • Markets in the Middle East to record robust spending on biometrics systems
  • Latin America set to be a lucrative market for biometric systems
  • Markets in Africa expected to increase over the forecast period

2.3 Government Biometric Systems Sub-Sector Market Size Composition

  • Biometric fingerprint identification expected to constitute the largest segment of expenditure
  • Facial recognition expected to constitute the second largest segment
  • Iris/ retinal recognition segment expected to rise at a CAGR of 10.57% during the forecast period
  • Signature recognition segment to account for 7.8% of biometric systems market
  • Market for other technologies to grow at a CAGR of 11.25% over the forecast period

2.4 Demand Drivers and Growth Stimulators

  • Government and law enforcement projects to boost demand for biometric systems
  • Greater need for surveillance and security at the Global events driving demand for biometric solutions
  • Technological upgrades and advancements acting as a key driver for spending on the market

2.5 Defense Budget Spending Review

  • European capital expenditure expected to increase during the forecast period
  • Asian defense budgets expected to increase at a robust pace
  • North American defense expenditure projected to increase marginally during the forecast period
  • Modernization programs likely to drive defense expenditure in South American countries
  • Military budgets of African countries expected to increase during the forecast period
  • Middle Eastern defense budgets likely to increase during the forecast period

2.6 Defense Modernization Review

  • Debt crisis in Europe leading to postponement of modernization plans
  • Arms race in Asia reflected in modernization plans
  • North American modernization plans marginally affected by economic recession
  • Modernization programs in South America driven by replacement of obsolete armaments
  • African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to slow growing crime rate
  • Middle Eastern countries pursuing modernization of air force and air defense systems

3 Appendix

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence