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Biometrics Market in Middle East 2015-2019

  • Published: Aug 2015
  • Pages: 91
  • SKU: IRTNTR6816
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About biometrics
Biometrics was introduced in the latter half of the twentieth century, with the emergence of computers. It is based on the behavioural and physiological characteristics of an individual that are difficult to replicate. Biometric technologies include voice recognition, palm geometry recognition, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Also, biometric technologies are considered to be more reliable compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or forgotten by an individual. Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one process that matches the biometric traits of an individual against a particular template. However, identification is a process where the biometrics traits of an individual are matched against all templates in the database.

Several banks and financial institutions in the Middle East have integrated biometric technologies, such as voice controlled mobile applications, fingerprint identification, and retina recognition to allow their customers access to online accounts through mobile applications. 

Many industry verticals have adopted biometrics in the Middle East because of increasing security and authentication concerns in the region. Some of the examples are listed below:
• Isbank, Turkey's largest commercial bank, has deployed finger vein biometric recognition at ATMs. The bank has installed nearly 3,400 finger vein scanners in 2,400 ATMs across 1,000 branches in the country
• Saudi Arabia's Al Rajhi Bank, an Islamic financial institution, has deployed biometrics at its ATMs across its branches
• UAE's Ministry of Interior, has deployed multimodal biometric screening systems at airports
• Egypt’s Cairo International Airport implements biometric screening that uses facial recognition to identify travellers
• Finger vein scanners offered by Hitachi are being deployed in the healthcare sector in Turkey across several private hospitals and dialysis centers to identify patients efficiently

TechNavio's analysts forecast the biometrics market in Middle East to grow at a CAGR of 19.35% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the biometrics market in the Middle East for the period 2015-2019. 

To calculate the market size, the report considers revenue generated from the sales of biometric solutions including hardware, software, integrated solutions, and services offered in the government sector. Revenues generated from aftersales services are not included to calculate the market size.

The report provides a detailed analysis of the following:
• Technologies: fingerprint identification, DNA analysis, iris recognition, facial recognition, and voice recognition
• Countries: Saudi Arabia, Turkey, UAE, Egypt, Syria, Iraq, Israel, Iran, Yemen, Jordan, Palestine, Lebanon, Oman, Kuwait, Qatar, Bahrain, and Cyprus

The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison of key leading vendors is provided in the report. 
In addition, the report discusses the major drivers that influence the growth of the biometrics market in the Middle East. It also outlines the risks faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Technavio's report, Biometrics Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the biometrics market in the Middle East and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
• Cross Match Technologies
• M2SYS Technology
• NEC
• Nuance
• Safran

Other prominent vendors
• 4G Identity
• BioEnable
• Cardzme
• Hitachi
• SUPREMA
• Uniphore
• VoiceTrust
• ZK Technology

Market growth inhibitor
• Lack of accuracy
• For a full, detailed list, view our report

Market trend
• Emergence of multimodal biometrics
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

PART 01: Executive summary 4
Highlights 4
PART 02: Scope of  the report 5
Market overview 5
PART 03: Market research methodology 6
Research methodology 6
Economic indicators 6
PART 04: Introduction 7
Key market highlights 7
PART 05: Market Description 9
Working of Biometrics Technologies 9
Applications of Biometrics 16
Advantages and Disadvantages of Biometrics 18
PART 06: Market Developments 20
Introduction of Multi-factor Authentication 20
Biometrics in the Cloud 20
Industry Specific Biometric Solutions 21
PART 07: Market landscape 22
Market overview 22
Product Life Cycle Analysis 24
Share of Middle East in the Global Biometrics Market 25
Biometrics Market in Middle East 27
Five forces analysis 29
PART 08: Market segmentation  by technology 30
Biometrics Market in Middle East by Technologies 2014-2019 30
Fingerprint Biometrics Market in Middle East 34
Facial Biometrics Market in Middle East 35
Iris Biometrics in Middle East 36
Hand Geometry Biometrics Market in Middle East 37
Vein Biometrics Market in Middle East 38
Voice Biometrics Market in Middle East 39
PART 09: Market segmentation by end-users 41
Biometrics Market in Middle East by End-user Segmentation 2014-2019 41
Biometrics in Middle East in Oil and Gas Sector 43
Biometrics in Middle East in Transportation Sector 44
Biometrics in Middle East in Healthcare Sector 45
Biometrics in Middle East in Government Sector 46
Biometrics in Middle East in BFSI Sector 47
PART 10: Key leading countries 49
Biometrics market in Middle East by key leading countries 49
Biometric market in Saudi Arabia 50
Biometric market in Turkey 51
Biometric market in UAE 52
Biometric market in Egypt 53
Biometric market in Syria 54
Biometric market in Iraq 55
Biometric market in Israel 56
PART 11: Market trends 57
PART 12: Market growth inhibitors 60
PART 13: Vendor landscape 62
Key Vendors Matrix 62
Key Vendors Description 69
Key Vendor's News Updates 74
Other prominent vendors 75
PART 14: Key vendor analysis 76
Crossmatch 76
M2SYS Technology 79
NEC 85
Nuance Communications 90
Safran 95
PART 15: Appendix 100
List of abbreviation 100

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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