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Biometric Market in Middle East 2015-2019

  • August 2015
  • -
  • Infiniti Research Limited
  • -
  • 91 pages

About biometrics
Biometrics was introduced in the latter half of the twentieth century, with the emergence of computers. It is based on the behavioural and physiological characteristics of an individual that are difficult to replicate. Biometric technologies include voice recognition, palm geometry recognition, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Also, biometric technologies are considered to be more reliable compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or forgotten by an individual. Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one process that matches the biometric traits of an individual against a particular template. However, identification is a process where the biometrics traits of an individual are matched against all templates in the database.

Several banks and financial institutions in the Middle East have integrated biometric technologies, such as voice controlled mobile applications, fingerprint identification, and retina recognition to allow their customers access to online accounts through mobile applications.

Many industry verticals have adopted biometrics in the Middle East because of increasing security and authentication concerns in the region. Some of the examples are listed below:
- Isbank, Turkey's largest commercial bank, has deployed finger vein biometric recognition at ATMs. The bank has installed nearly 3,400 finger vein scanners in 2,400 ATMs across 1,000 branches in the country
- Saudi Arabia's Al Rajhi Bank, an Islamic financial institution, has deployed biometrics at its ATMs across its branches
- UAE's Ministry of Interior, has deployed multimodal biometric screening systems at airports
- Egypt’s Cairo International Airport implements biometric screening that uses facial recognition to identify travellers
- Finger vein scanners offered by Hitachi are being deployed in the healthcare sector in Turkey across several private hospitals and dialysis centers to identify patients efficiently

TechNavio's analysts forecast the biometrics market in Middle East to grow at a CAGR of 19.35% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the biometrics market in the Middle East for the period 2015-2019.

To calculate the market size, the report considers revenue generated from the sales of biometric solutions including hardware, software, integrated solutions, and services offered in the government sector. Revenues generated from aftersales services are not included to calculate the market size.

The report provides a detailed analysis of the following:
- Technologies: fingerprint identification, DNA analysis, iris recognition, facial recognition, and voice recognition
- Countries: Saudi Arabia, Turkey, UAE, Egypt, Syria, Iraq, Israel, Iran, Yemen, Jordan, Palestine, Lebanon, Oman, Kuwait, Qatar, Bahrain, and Cyprus

The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison of key leading vendors is provided in the report.
In addition, the report discusses the major drivers that influence the growth of the biometrics market in the Middle East. It also outlines the risks faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Technavio's report, Biometrics Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the biometrics market in the Middle East and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
- Cross Match Technologies
- M2SYS Technology
- NEC
- Nuance
- Safran

Other prominent vendors
- 4G Identity
- BioEnable
- Cardzme
- Hitachi
- SUPREMA
- Uniphore
- VoiceTrust
- ZK Technology

Market growth inhibitor
- Lack of accuracy
- For a full, detailed list, view our report

Market trend
- Emergence of multimodal biometrics
- For a full, detailed list, view our report


Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Table Of Contents

Biometric Market in Middle East 2015-2019
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market description
How biometric technologies work
Applications of biometrics
Advantages and disadvantages of biometrics
PART 06: Market developments
Introduction of multi-factor authentication
Biometrics in the cloud
Industry-specific biometric solutions
PART 07: Market landscape
Market overview
Adoption of each technology in the life cycle of biometrics in the Middle East
The Middle East in the global biometrics market
Biometrics market in Middle East
Five forces analysis
PART 08: Market segmentation by technology
Biometrics market in Middle East by technology 2014-2019
Fingerprint biometrics market in the Middle East
Facial biometrics market in the Middle East
Iris biometrics market in the Middle East
Hand geometry biometrics market in the Middle East
Vein biometrics market in the Middle East
Voice biometrics market in the Middle East
PART 09: Market segmentation by end-users
Biometrics market in the Middle East by end-user 2014-2019 35
Biometrics market in the Middle East by oil and gas sector
Biometrics market in the Middle East by transportation sector
Biometrics market in the Middle East by healthcare sector
Biometrics market in the Middle East by government sector
Biometrics market in the Middle East by BFSI sector
PART 10: Key leading countries
Biometrics market in the Middle East by key leading countries
Biometrics market in Saudi Arabia
Biometrics market in Turkey
Biometrics market in the UAE
Biometrics market in Egypt
Biometrics market in Syria
Biometrics market in Iraq
Biometrics market in Israel
PART 11: Market trends
PART 12: Market inhibitors
PART 13: Vendor landscape

Key vendors matrix

Key vendors description
Key news
Other prominent vendors
PART 14: Key vendor analysis
Crossmatch
M2SYS Technology
NEC
Nuance Communications
Safran
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio

List of Exhibits
Exhibit 01: Overview of biometrics market in the Middle East
Exhibit 02: The Middle East in the global biometrics market 2014-2019
Exhibit 03: Biometrics market in Middle East 2014-2019 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Biometrics market in Middle East by technology 2014-2019
Exhibit 06: Fingerprint biometrics market in the Middle East 2014-2019 ($ millions)
Exhibit 07: Facial biometrics market in the Middle East 2014-2019 ($ millions)
Exhibit 08: Iris biometrics in the Middle East 2014-2019 ($ millions)
Exhibit 09: Hand geometry biometrics market in the Middle East 2014-2019 ($ millions)
Exhibit 10: Vein biometrics market in the Middle East 2014-2019 ($ millions)
Exhibit 11: Voice biometrics market in the Middle East 2014-2019 ($ millions)
Exhibit 12: Biometrics market in the Middle East by end-user 2014-2019
Exhibit 13: Biometrics market in the Middle East by oil and gas sector 2014-2019 ($ millions)
Exhibit 14: Biometrics market in the Middle East by transportation sector 2014-2019 ($ millions)
Exhibit 15: Biometrics in the Middle East by healthcare sector 2014-2019 ($ millions)
Exhibit 16: Biometrics in the Middle East by government sector 2014-2019 ($ millions)
Exhibit 17: Biometrics in the Middle East in BFSI sector 2014-2019 ($ millions)
Exhibit 18: Biometrics market in the Middle East by key leading countries
Exhibit 19: Biometrics market in Saudi Arabia 2014-2019 ($ millions)
Exhibit 20: Biometrics market in Turkey 2014-2019 ($ millions)
Exhibit 21: Biometrics market in the UAE 2014-2019 ($ millions)
Exhibit 22: Biometrics market in Egypt 2014-2019 ($ millions)
Exhibit 23: Biometrics market in Syria 2014-2019 ($ millions)
Exhibit 24: Biometrics market in Iraq 2014-2019 ($ millions)
Exhibit 25: Biometrics market in Israel 2014-2019 ($ millions)

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