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Emerging Opportunities in Global Biometrics Market

  • September 2013
  • -
  • Frost & Sullivan
  • -
  • 137 pages

Commercial Applications will Help the Market Grow Manifold

This study analyzes the emerging applications in the global biometrics market The commercial biometrics segment is growing and hence new and emerging applications are expected to grow across all vertical markets This study focuses on the trends, challenges, and factors driving market growth Also included are products, vertical and regional market analyses, along with a competitive analysis As this is an emerging application, suppliers’ initiatives have been discussed, and a list of key market participants and their respective market rankings have been included This research service provides the necessary business intelligence to accelerate growth in a fast-paced market

Executive Summary

• The total emerging opportunities for the global biometrics market was estimated to be $Xmillion in 2012
• The hardware segment contributed X% of the market share and was a $Xmillion market, whereas software and services was a $X million market contributing X% of the total market
• The important vertical markets for emerging opportunities in biometrics include financial services, retail, healthcare, industrial, IT and telecom Financial services was the biggest vertical market with a global revenue of $Xmillion
• The total emerging opportunities in the biometrics market should see a growth of X% between 2012 and 2019, and total market revenue is expected to be $Xmillion at the end of the forecast period

CEO’s Perspective

1 The European and American markets are likely to dominate and drive the global market
2 Financial services, retail and healthcare are the key vertical markets at present
3 Growth opportunities exist in the education, retail, gaming, hospitality, telecom, and healthcare verticals
4 Although Asia has a strong hold on the financial services vertical, mainly through biometric ATMs, the United States and Europe will see growth
5 Technological innovations resulting in better identification and authentication solutions will drive growth

Market Overview—Definitions

Market Scope
• The scope of this study includes market forecasts developed for emerging opportunities in biometrics globally The vertical markets include:
- Financial Services—Banks, insurance firms, ATMs, investment banks, mutual funds, and all types of financial institutions
- Retail—Food and beverages, fashion apparel, food cold chain (including animal meat after slaughter), jewelry, personal care, electronics, and footwear
- Healthcare—Hospitals, medical devices, pharmaceuticals
- Industrial—Manufacturing, steel, automotive, energy, power, oil and gas, mining, chemical, and nuclear
- Information Technology (IT) and telecom*—IT companies, data centers, hosting service providers, telecom operators, and Internet service providers
- Others—Include transportation, automotive, hospitality, education, gaming, entertainment, library, museums, safes and vaults, and home locks
• Product segments are divided between hardware and software and services
- Hardware includes scanners, readers, and cameras
- Software and services include middleware, operating systems, intelligent layers, software platforms, system integration, post-deployment maintenance, and training
• The technologies include fingerprint, voice, iris, vein, palm, and signature biometrics
• The study includes market size, growth rates, and revenue forecasts for the product types, vertical markets, and specified geographic regions
• The base year for this study is 2012 Revenue and revenue growth rates are provided from 2009 to 2019
• Reporting covers key market forces, such as drivers and restraints, to evaluate their influences on market growth This study also includes the competitive structure of the market and the key industry participants
• All prices quoted in the study are in US dollars, unless otherwise specified

Geographic Segmentation
• The Americas: This region includes North, South, and Central America as well as the Caribbean Islands
• EMEA: This region includes Europe, the Middle East, and Africa
- Europe includes the European Union (EU) states, former Commonwealth of Independent States (CIS), Turkey, Russia, and the Caucasian republics
- The Middle East and Africa include Africa and the greater Middle East area, which is comprised of the Persian Gulf states, Lebanon, Jordan, Syria, Israel, and Iran
• Asia-Pacific (APAC): This region includes Central Asia, the CIS states in Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Azerbaijan, Georgia, and Armenia), East Asia, Australia, and Oceania

Key Questions This Study Will Answer

What are the key trends in the market?
What are the key drivers and restraints affecting the market?
How is the market structured, and how will the market grow in the short and long terms?
What are the technologies and products available, and who are some of the key competitors?
Are the products/services offered today meeting customer needs, or is additional development needed?
Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Table Of Contents

Emerging Opportunities in Global Biometrics Market

Executive Summary
Market Overview
Total Emerging Opportunities in Biometrics Market
• External Challenges: Drivers and Restraints
• Forecast and Trends
• Market Share and Competitive Analysis
Financial Services Segment Breakdown
Retail Segment Breakdown
Healthcare Segment Breakdown
IT and Telecom Segment Breakdown
Industrial Segment Breakdown
Others Segment Breakdown
The Americas Breakdown
EMEA Breakdown
APAC Breakdown
The Last Word

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