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2015 Global Outlook of the Biometrics Industry

  • June 2015
  • -
  • Frost & Sullivan
  • -
  • 70 pages

Summary

Table of Contents

Opportunities in Public and Commercial Applications Continue to Grow

The global biometrics market is likely to witness significant growth in both public and commercial applications owing to the uptake of multiple technologies available. The year 2015 will witness a transformation that enhances the growth of biometrics in existing applications as well as in new applications in healthcare, finance, and retail. This growth will also trigger a demand for services in specific applications; biometrics companies will be able to capitalize on this trend. The global market is analyzed by region: Americas (North and Latin America); Europe, Middle East, and Africa; and Asia-Pacific. The base year is 2014. Market revenue is examined by region, application, and technology.

Key 2015 Biometrics Market Predictions Europe and North America are expected to dominate the market, with the larger regions generating 74% of global revenue due to
government adoption.

The most important vertical markets that are emerging are financial services, retail, healthcare, industrial, IT and telecom, and manufacturing.

Growth opportunities in education, gaming, hospitality, and healthcare are likely to increase.

APAC’s financial services market is expected to adopt biometrics, especially for ATMs.

In 2014, the fingerprint was the most-used biometric technology; however, technologies such as face, palm, and finger vein are expected to be adopted across different applications.

Retail is likely to adopt more biometrics technologies to ascertain customer buying patterns that will directly help in stock maintenance and provide customized services at all times.

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