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Press Release / Business / Next Generation Biometrics Market Segmentation and Major Players Analysis and Forecast to 2023

Next Generation Biometrics Market Segmentation and Major Players Analysis and Forecast to 2023

By Rahul Sisodiya on June 12 2018 | 35 Views

Global Next Generation Biometrics Market, By Component (hardware, Software, Services), Function (Contact, Non-Contact), Technology (Fingerprint, Face, Iris, Palm), Verticals (BFSI, Military & Defense,

Next Generation Biometrics Market Highlights:
Identification documents and PIN are traditional methods used to verify the identity of every individual. However, due to increasing security breaches, illegal financial transactions, and unauthorized immigration across borders, the need for Next-Generation Biometrics Market has increased. Next generation biometrics recognizes individuals with their biological characteristics such as face, voice, palm, fingerprints, signature, iris, vein and DNA. Next-Generation Biometric authentication can be carried out by using a combination of hardware and software-based solutions that automatically identify and authenticate an individual.
Many industry giants are also innovating their products and incorporating new features in their respective portfolios. Samsung is expected to feature a 3D camera and in-display fingerprint reader in its upcoming mobile Samsung Galaxy S10/X. The 3D camera is expected to come with a 360-degree image and video capture, which will be more than biometric identification. Also, in-display fingerprint reader is leveling-up the competition among manufacturers to provide better next-generation biometric tools.
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Next Generation Biometrics Market Key players:
The prominent players in the market of Next Generation Biometrics are - Safran S.A. (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), Suprema Inc. (South Korea), Cross Match Technologies Inc. (U.S.), Fulcrum Biometrics LLC (U.S.), Thales Group (France), Bio-Key International Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG (Germany).
The prominent players keep innovating and investing in research and development to present a cost-effective portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Next Generation Biometrics Market Regional Analysis
The global market for next-generation biometrics is estimated to grow at a significant rate during the forecast period from 2017 to 2023. The geographical analysis of next-generation biometrics market is covered for the regions such as North America, Europe, Asia Pacific and rest of the world. However, due to extreme usage of biometric tools for identification and authorization in North America, it is expected to emerge as the leading region during the forecast period.
Technological advancements in next-generation biometrics such as combining passwords with lip movements, remote scanning of individual’s heart dimensions and pulse rate to grant authorization, facial recognition, and fingerprint vein identification are majorly developing in the Asia Pacific region. Thus, Asia Pacific region is expected to show staggering growth during the forecasting period.
Next Generation Biometrics Market Segmentation:
By Component, the market is segmented into Hardware, Solutions, and Services. Hardware is classified into scanners, cameras, fingerprint readers, and others. Services are further classified into installation services and support and maintenance services.
By Function, the market is segmented into Contact, Non-Contact and Others.
By Technology, the market is segmented into Fingerprint, Face, Iris, Palm, Voice, Signature, DNA, and Others.
By Vertical, the market is segmented into BFSI, Military & Defense, Government, Healthcare, Consumer Electronics, IT, Travel & Immigration and Others.
By Authentication Type, the market is segmented into Single Factor Authentication and Multi-Factor Authentication. Single factor authentication includes Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Vein Recognition, Signature Recognition, Voice Recognition and Other Biometric Technologies (DNA Recognition, Keystroke Recognition, Gait Recognition). Multi-factor authentication includes Biometrics combined with Smart Card Technology, Biometrics combined with Pin Technology, Two-factor authentication, and Three-factor authentication.
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Intended Audience:

Biometric Component Manufacturers
Biometric Equipment Manufacturers and Suppliers
System Designers
Product Manufacturers
Software Service Providers
Technology Providers
Installation, Monitoring and Controlling Companies
Technology Standards Organizations
Forums, Alliances, and Associations
End Users

Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
List of Tables
Table1 World Population by Major Regions (2017 To 2023)
Table2 Global Next Generation Biometrics Market: By Country, 2017-2023
Table3 North America Next Generation Biometrics Market: By Country, 2017-2023
List of Figures
Figure 1 Global Next Generation Biometrics Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Next Generation Biometrics Market
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