DUBLIN--(BUSINESS WIRE)--The "Biometrics Technology Market Analysis Report By End-Use (Government, Banking & Finance, Transport/Logistics, Defense & Security), By Application (AFIS, Iris, Non-AFIS), and Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global biometrics technology market size is likely to reach USD 59.31 billion by 2025, experiencing a CAGR of 19.5% during the forecast period.
Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period.
Widening scope of applications of biometrics technology in consumer electronics, in order to improve customer experiences, is poised to augment the market over the same period. Incorporation of biometrics technology into e-commerce applications can enable secure transactions and unfold ample growth opportunities to the market. High initial investment cost is anticipated to hamper growth prospects.
Biometrics technology is being increasingly acknowledged for e-passport programs and to keep a check on illegal migrations. Government organizations and defense services are further expected to experience sharp rise in the demand for the technology. In addition, it is used in banking and finance to increase efficiency and to prevent frauds. This is further likely to positively influence the growth of the market.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Biometrics Technology Industry Outlook
Chapter 4 Biometrics Technology Application Outlook
Chapter 5 Biometrics Technology End-use Outlook
Chapter 6 Biometrics Technology Regional Outlook
Chapter 7 Competitive Landscape
- Accu-Time Systems, Inc.
- AFIX Technologies
- BIO-key International, Inc.
- DERMALOG Identification Systems GmbH
- East Shore Technologies, Inc.
- EyeVerify, Inc.
- Fujitsu Limited
- Gemalto NV
- HID Global Corporation
- Iris ID, Inc.
- NEC Corporation
- Papillon Systems
- Sonda Technologies
For more information about this report visit https://www.researchandmarkets.com/research/kmlhfv/global_biometrics?w=4