Global Biometrics Market Is Expected To Reach $44.2 Billion By 2021 : Radiant Insights

San Francisco, Oct. 6, 2015 (GLOBE NEWSWIRE) — Biometric identity units provide security protection from a variety of perspectives.  Units are comprised of integrated biometric capture devices.  Biometrics is used to identify anyone in an accurate, repeatable manner.  Physiological characteristics used for biometrics commonly include the face, fingerprints, voice, and DNA.  Modern biometrics hybrid fingerprint recognition use onboard fingerprint readers.  Mobile devices use capacitive technology to implement security systems   Growth of biometrics security systems is being fueled by rising threats.  Different portable device implementations have given rise to multiple technology breakthroughs in size, weights, and length of battery use.. 

Modern biometrics hybrid fingerprint recognition use onboard fingerprint readers.  Mobile devices use capacitive technology to implement security systems   Growth of biometrics security systems is being fueled by rising threats.  Different portable device implementations have given rise to multiple technology breakthroughs in size, weights, and length of battery use.

Biometrics is used to identify people in an accurate, repeatable manner.  Physiological characteristics used for biometrics include the face, fingerprints, and DNA.    Developments relate to the ability to unobtrusively collect face and voice biometrics, supplementing fingerprinting that has been dominant .  Biometrics technology measures personal physiological characteristics for the purpose of unique identification and security. 

Browse full research report with TOC on “Biometrics: Market Shares, Market Strategies, and Market Forecasts, 2015 to 2021” at: http://www.radiantinsights.com/research/biometrics-market-shares-market-strategies-and-market-forecasts-2015-to-2021

Apple advanced the OS X “Quick Look” feature for iOS devices using an intense touch gesture.  Apple extended fingerprint technology as Touch ID.  iDevice displays are taking on fingerprinting capabilities and sensitivities beyond the home button.  Apple introduces the possible use of virtual knobs, controlling video games via the home button.

Apple is working on assigning different bank accounts to different fingerprints.       Apple next-gen touch panel technology introduces the next wave of biometric capabilities.  Apple next-gen touch panel technology using nano silver wire materials brings sensitivity to iPad displays.  The technology finds its way into the Apple watch and the iPhone.  This technology gives Apple significant market advantage in the payment verification market. 

TYPES OF BIOMETRIC DEVICES

  • Automated fingerprint identification systems (AFIS)
  • Palm and vein reading systems that supplement AFIS
  • Non-automated fingerprint identification systems
  • Facial recognition
  • Iris scans
  • Integrated AFIS, face, and iris systems
  • DNA readers
  • Biometric signatures
  • Data encoders
  • Bar coder
  • Document scanner

Biometric identity units provide security protection.  Units are comprised of integrated biometric capture devices and readers, systems to store and use the biometric identifiers.   Biometrics units are comprised of fingerprint systems, facial recognition, iris scans, and biometric signatures.  They include data encoders.  Data encoders may be implemented as a bar coder or document scanner.  Units are sometimes contained in ruggedized briefcases for military, public safety, and civil identification applications.

Advances in technology, miniaturization, and improved mobile device technology enable uses previously thought impossible, or never even imagined.   Voter registration in low-literacy economies is now economical.  Identifying persons of interest in a crowd can be done with biometrics.

Biometrics use cases can be consumer- or citizen-facing.  These use cases are typically high-volume, low price broadly implemented systems.  Enterprise-facing use cases include government law enforcement, and defense applications where an organization is implementing smaller volumes of devices, or where the devices are more expensive.    Use cases define the biometrics market.    Biometrics is used  to identify individuals with confidence.   When used in law enforcement, cases are resolved quicker and with more convictions of guilty people.

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Security systems implementations drive the market for biometric systems.  Biometric data protection is being used to replace photographs, passwords and PIN codes.  

India, Mexico and Russia are driving the extraordinary growth of biometric systems.  China has a biometric national ID program that commenced in 2013.  India is getting on board.  Computer storage of important documents has created an increasing need for biometric security systems.

Key industries in the biometrics market are finance, consumer devices, and healthcare.   Key use cases include smart phone payment systems, consumer device authentication, mobile banking, automated teller machines (cashpoints), government IT systems, point-of-sale transactions, pharmacy dispensing, and wearable device authentication.     Call center use cases apply across nearly all industries. 

Biometric modalities include hybrid fingerprint / palm print, facial recognition, iris image, and voice recognition.    The global biometrics market is $7.0 billion in 2014, rising  to $44.2 billion by 2021.  Biometrics revenue and device shipment forecasts are segmented by modality and market segment.   There are four market segments, law enforcement, border control which includes government ID systems, workplace access, and consumer ID. 

Companies Profiled

Market Leaders

  • NEC
  • Safron MorphoTrak
  • 3M / Cogent
  • Gelamto / Avalon Biometrics
  • M2SYS
  • Suprema
  • Fujitsu
  • DigitalPersona
  • Cross Match Technologies
  • Apple / AuthenTec
  • Aware
  • Iris ID Systems
  • Cognitec Systems
  • Iritech
  • Bio-key

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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