Global Biometric Access Control Systems Market 2015-2019

  • Published: Nov 2015
  • Pages: 87
  • SKU: IRTNTR7479
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Market outlook of biometric access control systems with growth forecast until 2019. Segmentation by government, BFSI, transportation, and healthcare. Market shares for MEA, Latin America, Europe, and North America. The leading players analyzed in this report include 3M Cogent, HID Global, M2SYS Technology, NEC, and Safran.

Market outlook of biometric access control systems

The shift from non-biometrics technologies such as PINs and smart cards for controlling access to secure premises drives the growth of the biometric access control systems market. Technavio’s market research analysts predict biometrics access control systems to record a CAGR of over 18% until 2019.

Some biometric technologies such as fingerprint and iris recognition are being used for the same. Since these biometric technologies are cost-effective and user-friendly, integration of access control systems with these biometric technologies is expected to provide significant traction to the market during the forecast period.

Global biometric access control systems market by end-users

  • Government     
  • BFSI      
  • Transportation sector   
  • Healthcare sector           

The need for highly secure identification and personal verification systems has increased especially in the BFSI sector. For instance, JPMorgan was affected by a serious data breach in 2014. Hackers attempted to access its servers and gained access to the names, addresses, emails, and telephone numbers including savings account information of nearly 83 million customers.

Thus, to counter such incidents all global banks and financial institutions have started integrating biometrics technologies such as voice recognition and fingerprint recognition with access control systems in mobile applications. During the forecast period, mobile devices such as smartphones will emerge as a popular choice for secure access to online accounts.

Geographical segmentation of biometric access control systems

  • MEA
  • Latin America
  • Europe
  • North America

Currently, the North America and Europe regions are experiencing higher adoption of biometric access control systems across BFSI and government sectors. APAC, Latin America, and MEA are also expected to increase their adoption during the forecast period. The transportation and healthcare sectors are likely to emerge as one of the biggest adopters of biometric systems during the same period.

Key vendor analysis of the global biometric access control systems market

  • 3M Cogent         
  • HID Global          
  • M2SYS Technology         
  • NEC       
  • Safran

Other prominent vendors in this market include Abacus Infotech, Allegion, Anviz Global, Bayometric, BioEnable, BioLink Solutions, Excellex Softtech, EyeLock, FaceKey, Fujitsu, Herta Security, Iris ID, Kaba, Matrix Systems, Suprema, Tyco, and Zwipe.

Key questions answered in the report

  • What are the key factors driving the biometric access control systems market?
  • What are the key market trends impacting the growth of the biometric access control systems?
  • What are the various opportunities and threats faced by the vendors in the biometric access control systems?
  • Trending factors influencing the market shares for the biometric access control systems market?
  • Market shares for MEA, Latin America, Europe, and North America?
  • Key outcome of the five forces analysis on the biometric access control systems market?
  • Growth forecast of the biometric access control systems market?

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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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