Global Biometrics Market in Education Sector 2017-2021

Biometrics market forecast

Technavio’s market study identifies the rising acceptance of biometrics systems among students to be one of the primary growth factors for the biometrics market size in the education sector. Biometrics system primarily records the physical or behavioral characteristics and then converts it into computer codes to be stored in a database for future verification. Biometrics in education institutes prevents unauthorized use of data, unauthorized access to the premises, and error in attendance monitoring. This enables the efficient tracking of students, which will consequently increase their acceptance among educational institutions. According to the biometrics market research, our analysts estimate that this market will grow steadily at a CAGR of more than 26% during the forecast period.

Biometric smart cards contain biometrics data of an individual for the verification and authentication of the owner of the card. Smart cards are made of plastic and contain integrated circuits with useful and relevant data. Students and employees are utilizing smart cards to gain access to office and institute premises by punching the card into a biometric reader that authorizes and authenticates the person. Smart Attendance Terminal (SAT) is an innovative handheld biometric smart card that identifies and authenticates a student’s identity and marks the live attendance of students through fingerprints. This will increase the integration of biometrics in smart cards, which will be one of the key trends contributing to the growth of the biometrics technology market.

Biometrics market share: Competitive landscape and key vendors

The biometrics market in the education sector is well-diversified due to the presence of several global, regional, and domestic players offering innovative and technologically advanced products. Different marketing strategies are implemented by vendors to increase consumer awareness about the use of biometrics and the solutions offered. Advanced technological innovations and the need for a diversified product portfolio intensify the level of competition among the vendors in the market for biometrics in education.

The leading vendors in the market are

• BIO-key
• BioLink Solutions
• BioStore
• Capture Innovative Solutions
• SMI Global

The other prominent vendors in the market are BioID Technologies, Biometric Solution, Fujitsu, HID Global, Nuance, Solus, and Star Link.

Biometrics market in the education sector: Segmentation and analysis by technology

• Fingerprinting technology
• Iris recognition technology
• Facial recognition technology

Fingerprinting technology is an identification system that reads finger impressions to identify and authenticate an individual. Fingerprint biometrics are primarily used in schools and colleges to monitor students’ attendance and in cafeterias for tracking catering systems.

Biometrics industry: Segmentation and analysis by end user

• K-12 sector
• Higher education sector

The higher education segment implements biometrics to automate non-learning tasks such as administrative tasks including attendance management and library management. Universities are implementing biometric systems to improve the effectiveness of e-learning programs since they are convenient to use and are less expensive.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global biometrics market in the education sector?
• What are the key market trends impacting the growth of the global biometrics market in the education sector?
• What are the challenges to market growth?
• Who are the key vendors in the global biometrics market in the education sector?
• What are the market opportunities and threats faced by the vendors in the global biometrics market in the education sector?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global biometrics market in the education sector?

Technavio also provides customized reports based on the specific requirements of our clients.