Emerging Biometrics Technologies: Global Industry Analysis 2015-2019
- Published: Sep 2015
- Pages: 94
- SKU: IRTNTR7163
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Market outlook of emerging technologies in the biometrics space
The global emerging biometric technologies market was valued at around US$550 million in 2014. Currently, the adoption of emerging biometric technologies is limited to the developed regions of North America, Europe, and APAC. However, as the technology advances and numerous vendors enter the market, it is expected to be adopted in developing regions as well.
The market is witnessing high adoption of emerging technologies in the sports and gaming sectors. Vendors are researching newer methods to implement these emerging technologies into their systems and the scenario is likely to boost the market significantly over the next four years.
How are multimodal biometrics shaping the market?
There are a number of ways in which multimodal biometrics are finding utility in the market-
Accuracy and reliable recognition:
Multimodal biometric system provides a high level of accuracy to the end-users for verification as well as identification modes. For instance, if two individuals walk in a similar manner, chances of error in the identification of an individual is high. In such cases, multimodal biometric system is used that increases the reliability and accuracy of biometric technologies.
A fortified level of security:
Multimodal biometric system provides multiple levels of security For instance, a highly secured premise can use up to three biometric technologies. In case of failure of any one of the biometric technologies, the end-user can still be identified and verified to gain access into secure premises.
In the biometrics system, there is a threat of the system being spoofed. However, with the usage of multimodal biometric system, the vulnerability of biometric system has reduced to a great extent.
Since multimodal biometric system provides a high level of security, they are being widely accepted and deployed in many countries.
Market segmentation of emerging biometrics technologies and further analysis
- DNA analysis
- Keystroke analysis
- GAIT analysis
- EEG/ECG analysis
The global DNA analysis biometrics market is expected to reach around US$570 million by 2019 thanks to its high adoption in the government sector.
It is used in forensic labs for sample identifications. DNA analysis is a highly sophisticated and complicated biometric solutions, and it is carried out only in critical conditions.
Market segmentation of emerging biometrics by end-users
Healthcare sector is at its nascent stage of adopting the latest biometric solutions. It is mainly implemented to improve the security of crucial information regarding a patient and doctor's information. Biometrics in healthcare is used mostly for improving hospital management.
Leading vendors and trend analysis of the emerging biometrics market
- ID Control
- Deepnet Security
Leading vendors such as NEC have increased their investment in the R&D for emerging biometric technologies. They are partnering with suppliers and value-added resellers by investing significantly in R&D.
This trend will witness widespread adoption in the industry and it will help vendors introduce inexpensive and advanced solutions for customers. With increased focus on R&D, introduction of new products with better accuracy and more integration will gain prominence. High accuracy and cost effective pricing will emerge as key growth drivers during the forecast period.
Key questions answered in the report
- Comparison of emerging technologies in the emerging biometrics space?
- Key outcome of the analysis of deployment models of the emerging technologies?
- End-user segmentation and analysis of DNA, keystone recognition, GAIT, and EEG/ECG?
- Market analysis of the key application areas and benefits offered by the key technologies?
- What are the key factors driving the emerging biometrics market?
- What are the key market trends impacting the growth of the emerging biometrics market?
- What are the various opportunities and threats faced by the vendors in the emerging biometrics market?
- Key outcome of the five forces analysis on the emerging biometrics market?
- Growth forecast of the emerging biometrics market until 2019?
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PART 01: Executive summary
PART 02: Summary of figures
PART 03: Scope of the report
PART 04: Market research methodology
PART 05: Introduction
Key market highlights
PART 06: Market description
Comparison of emerging biometrics technologies
PART 07: Market landscape
Market size and forecast
Five forces analysis
PART 08: Product life cycle analysis
Product life cycle analysis of emerging biometric technologies
PART 09: Technology segmentation
PART 10: End-user segmentation
End-user segmentation of DNA analysis Vendor landscape
Keystroke recognition biometrics market by end-user segmentation
End-user segmentation of gait analysis
End-user segmentation of EEG/ECG analysis
PART 11: Key Developments
Integration of biometrics in smart cards
Evolution of cloud-based biometrics
PART 12: Market trends
PART 13: Market challenges
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
List of abbreviation
PART 17: Explore Technavio
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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