Global Biometrics Monitoring Systems Market 2015-2019
| Published: Oct 2015 | Pages: 98 | SKU: IRTNTR7626 |
Market overview of the global biometrics monitoring systems market
Technavio’s market research analysts predict the global biometrics monitoring systems market to grow at a CAGR of more than 17% from 2015 to 2019. With the increased adoption of mobile devices in various sectors such as healthcare, government, BFSI, and transportation, portable biometrics has emerged as a key trend to drive this market.
Implementation of portable biometric enables capturing physical features of an individual to compare it against a database for the sake of real-time verification. Fingerprint recognition, facial recognition, and iris recognition segments of this are witnessing a rapid transition to portable devices, particularly for law enforcement purposes. To capitalize on this opportunity, many telecom operators are expected to launch wireless mobile biometrics during the forecast period.
Segmentation of the global biometrics monitoring systems market by technology
- Fingerprint biometrics
- Facial biometrics
- Voice biometrics
- Hand geometry biometrics
- Iris recognition
Facial recognition technology accounted for a market share of approximately 20% in 2014. Facial recognition is one of the most user-friendly biometric technologies that provides a high level of accuracy. The adoption of facial recognition is expected to gain significant traction in the transportation and healthcare sector during the forecast period.
Segmentation of the global biometrics monitoring systems market by end users
- Government
- Transportation
- Healthcare
- BFSI
An increasing number of travelers necessitates proper security measures in the transportation sector. Countries such as Malaysia, Australia, Germany, Nigeria, and the UK have started issuing e-passports across their airports. Cross-border travel and investments in developing airports in emerging markets foster the growth of this segment.
Segmentation of global biometrics monitoring systems market by geography
- MEA
- Latin America
- APAC
- Europe
- North America
The market share of APAC is estimated to increase during the forecast period because of government initiatives involving implementation of biometrics monitoring systems for various e-governance programs. The market share of Europe is expected to decrease during the same period due to a shift in preference to emerging biometric technologies such as DNA analysis, vein biometrics, and keystroke biometrics.
Key vendor analysis of the global biometrics monitoring systems market
- Bio Enable
- NEC
- 3M Cogent
- Safran
As per the market forecast, the leading vendors are expected to invest significantly in wearable biometrics over the next four years. Devices such as smartwatches, bands, ear-pods, and eyeglasses are coming up with biometric identification capabilities and have the potential to identify an individual's biometric traits such as heart rate and blood pressure.
The other prominent vendors of this market include AT&T, CrossMatch, Elmo-Tech, 4G Identity, FONOMED, Herta, m3 Biometrics, M2SYS Technology, Preventice, Sensogram, Valencell, Vigil Monitoring, and Virdata.
Key questions answered in the report
- What are the key factors driving the global biometrics monitoring systems market?
- What are the key market trends impacting the growth of the global biometrics monitoring systems market?
- What are the various opportunities and threats faced by the vendors in the global biometrics monitoring systems market
- Trending factors influencing the market shares for MEA, Latin America, APAC, Europe, and North America?
- Key outcome of the five forces analysis on the global biometrics monitoring systems market?
- Growth forecast of the global biometrics monitoring systems market until 2019?
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- Biometrics Market in the United States in Education Sector 2015-2019
- Highlights
- Market overview
- Research methodology
- Economic indicators
- Key market highlights
- Working of biometrics
- Applications of biometric monitoring systems
- Advantages and disadvantages of biometric monitoring systems
- Integration of facial recognition in surveillance systems
- Emergence of IoT
- Introduction of portable biometric devices for law enforcement
- Introduction of multimodal biometric systems
- Emergence of cloud biometrics
- Market overview
- Product life cycle of biometric technologies
- Global biometrics market
- Share of monitoring systems in global biometrics market
- Global biometrics monitoring systems market
- Five forces analysis
- Global biometrics monitoring systems market by technology 2014-2019
- Global fingerprint biometrics monitoring systems market
- Global facial biometrics monitoring systems market
- Global voice biometrics monitoring systems market
- Global hand geometry biometrics monitoring systems market
- Global iris recognition biometrics monitoring systems market
- Global biometrics monitoring systems market by end-user 2014-2019
- Global biometrics monitoring systems market in government sector
- Global biometrics monitoring systems market in transportation sector
- Global biometrics monitoring systems market in healthcare sector
- Global biometrics monitoring systems market in BFSI sector
- Segmentation of global biometrics monitoring systems market by geography 2014-2019
- Segmentation of global biometrics monitoring systems market by geography 2014-2019 (revenue)
- Vendor matrix
- Description of major vendors
- Vendor news updates
- Other prominent vendors
- 3M Cogent
- BioEnable
- NEC
- Safran
- List of abbreviations
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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