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Technavio’s market research analyst predicts that the global EEG and ECG biometrics market will grow at a steady CAGR of just over 12% during the forecast period. The healthcare sector is the biggest user of EEG and ECG biometric solutions, especially for securing confidential patient information. Patient and staff identities are verified using fingerprint scanning, patient check-in, and USB devices used to store patient records. Currently, just a few healthcare facilities are using integrated biometrics and electronic health record systems.
The use of multimodal biometrics is an emerging trend in industry sectors such as banking, insurance, transportation and even financial services. Multimodal biometrics uses a combination of two or more biometric applications like fingerprint, voice, and facial recognition to secure data. This is very useful in preventing unauthorized access to databases at different installations and even mobile devices. Online and offline applications are kept secure, and organizations are assured of accurate results. This technology is being used even at airports to restrict sensitive areas only to authorized personnel.
The healthcare segment is the biggest user of biometrics technology and is expected to grow at a CAGR of close to 13% by the end of the forecast period. EEG and ECG technologies were used mostly to study a patient’s brain activity and heart rhythm so that their mental and physical health could be assessed. Rehab programs are designed based on these reports.
The Americas dominate the EEG and ECG biometrics market and are expected to generate revenues of close to USD 22 million during the forecast period. Increased awareness of the benefits offered by biometrics has led to the adoption not only in healthcare but other industry segments as well.
Currently, the global EEG and ECG biometrics market have just a few major suppliers. As a result of the rising need for security, many new vendors are entering the market and working on providing solutions to meet market needs. Large vendors dominate as they have larger operational capacity and established customer bases. A lot of small vendors are being taken over by bigger companies in a bid to expand portfolios.
Key vendors in the market are -
Other vendors in the market include B-Secur, Interactive Video Productions, Nymi, and Pinnacle Technology.
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EEG/ECG biometrics technology analyses the brain signals and cardiac rhythm of an individual to be used for identity verification and protect against spoof attacks and hackers. Moreover, these biometric technologies are highly confidential and cannot be forged.
The report, global EEG and ECG biometrics market, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Life cycle analysis
PART 07: Market segmentation by end-user
PART 08: Market segmentation by region
PART 09: Key leading countries
PART 10: Buying criteria
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Five forces model
PART 17: Vendor landscape
PART 18: Vendor description and product offerings
PART 19: Appendix
PART 20: 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.
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