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  4. > Next Generation Biometrics Market Analysis by Type of Authentication (Single Factor, Multi-Factor, Multi-Modal); Biometric Type (IRIS, Face, Fingerprint, Vein); By Application (Banking, Government, Consumer Electronics, Retail) - Forecast (2015 – 2020)

Biometrics is the measurement of physiological traits such as finger print, voice, face, iris, and so on.Biometric devices are pattern recognition systems which use the mathematical algorithms to identify and authenticate an individual by measuring and analyzing the already fed biometric data of those individual traits. These are reliable and accurate than any other security devices owing to the non-duplicity of the individual traits.

The Next Generation Biometrics Market Report is an exhaustive study of the biometric devices and sensors that are utilized across several industries. The market is primarily classified into: Single factor and Multi-factor.

The Single Factor Type Consists of Technology Such as:
Iris
Face
Fingerprint
Palm and others

The Multi-Factor Type Includes different Combinations Such as:
Fingerprint and Card/PIN,
Face and PIN/Card,
Face and Palm,
Iris and Fingerprint and others.

The Biometrics Market is studied across various applications such as Banking, Consumer Electronics, Government, Healthcare, Hospitality, Retail, Gaming, Residencies is incorporated in the report. Additionally, the report analyses the strategic opportunities, life cycle of industry, market landscape and similar others. Furthermore, the market is evaluated based on the key attributes such as the power of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.

The Market was estimated to be $5.9 billion in 2014 and is growing at a healthy CAGR of 22% during the forecast period. The increasing demand for security along with convenience in a cost effective device is the key driver for the market. The market scenario is different for each end use industry. Currently, Consumer Electronics is the most potential market segment. There is lot of scope and innovation in this segment, where already global players are putting efforts to launch new products and gain competitive advantage. Geographic wise, emerging regions hold high potential value and present good amount of opportunities for players in the market. Enterprises and Healthcare sectors are the growth segments in these regions apart from government market and consumer electronics market.

Americas dominated the market in 2014 followed by Europe. APAC and RoW regions are the growth regions pacing at higher annual growth rates. With greater disposable income and high demand from consumer end, these regions are projected to witness quick growth in the market. Apart from these, government initiatives in law enforcement and defense also immensely hike the market value.

The market is characterized by established brands with high revenue; high R&D capital reserves and well instituted distribution channels. But, the market place is also being disrupted by firms with innovative solution that have emerged to solve specific problems. With cost effective solutions offering greater security, companies will be able to position themselves uniquely.

In this market, border control application for multi-modal devices and government application in emerging countries are the opportunities for the players.

Table Of Contents

Next Generation Biometrics Market Analysis by Type of Authentication (Single Factor, Multi-Factor, Multi-Modal); Biometric Type (IRIS, Face, Fingerprint, Vein); By Application (Banking, Government, Consumer Electronics, Retail) - Forecast (2015 - 2020)
1 Global Next Generation Biometrics Market- Overview

1.1 Introduction

1.2 Classification

1.2.1 Global Next Generation Biometrics Market - By Type

1.2.1.1 Single Factor Authentication

1.2.1.1.1 Segments Overview
1.2.2 Multi Factor Authentication

1.2.3 By Application

1.2.3.1 Segments Overview

2 Global Next Generation Biometrics Market - Executive Summary

3 Global Next Generation Biometrics Market - Market Landscape

3.1 Market Share Analysis

3.2 Global New Generation Biometrics Market- Comparative Analysis

3.2.1 Product Benchmarking

3.2.2 End User Profiling

3.2.3 Financial Analysis

4 Global Next Generation Biometrics Market - Market Forces

4.1 Market Drivers

4.1.1 Need for Secure and Convenient Methods of Authentication to Drive Biometrics Market

4.1.2 Increasing Adoption of Biometrics into Government Applications by the U.S to Enhance Sales

4.1.3 Technological Advancements Related To Security in Smartphones Set to Hike Growth

4.2 Market Constraints

4.2.1 Concerns on Inappropriate Data Collection and Misuse of Biometric Information Restrain Market Growth

4.3 Market Challenges

4.3.1 Privacy Concerns Stand Out As Potential Hurdles for Face and Voice Recognition Biometrics

4.3.2 Lack of Awareness and Proper Implementation of Biometrics Stifles Market Growth

4.4 Attractiveness of the Global Next Generation Biometrics Market

4.4.1 Power of Suppliers

4.4.2 Power of Customers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitution

4.4.5 Degree of Competition

5 Strategic Analysis

5.1 Value Chain Analysis

5.2 Pricing Analysis

5.3 Opportunities Analysis

5.3.1 Enhanced Security and Reliability Make Multi-Modal Devices A Lucrative Product Segment

5.3.2 Government Initiatives in Emerging Regions: Great Opportunity for Biometric Device Manufacturers

5.4 Suppliers and Distributors

6 Global Next Generation Biometric Devices market Segmentation - By Type

6.1 Introduction

6.1.1 Multi-Modal Products Lead the Market Owing To Increasing Applications

6.2 Single Factor Authentication

6.2.1 IRIS

6.2.2 Fingerprint

6.2.3 Face

6.2.4 Palm Vein

6.3 Multi-Factor Authentication

6.3.1 Fingerprint and Pin/Card

6.3.2 Face and Pin

6.3.3 Palm Vein and Card

6.3.4 Multi-Modal

6.3.4.1 Face and Fingerprint

6.3.4.2 Iris and Fingerprint

6.3.4.3 Face and Palm

6.3.4.4 Iris, Fingerprint and Face

6.3.4.5 Face and Iris

6.4 Others

7 Global Next Generation Biometrics Market Segmentation - By Application

7.1 Introduction

7.1.1 Increase in Cyber-Attacks Has Heightened Demand for Greater Security

7.2 Banking

7.3 Consumer Electronics

7.3.1 High Growth of Biometric Enabled Smartphones to Drive The Market

7.4 Enterprises and Corporations

7.4.1 The Use Of Mobile Units For Accessing Company's Emails, Systems and Documents Will Hike the Demand for Biometrics

7.5 Government Applications

7.5.1 Increase in Crime Rates at Railway Stations Needs Adoption of Security Strategies

7.6 Healthcare

7.7 Hospitality

7.8 Gaming

7.9 Retail

7.10 Residencies

8 Global Next Generation Biometrics Market- By Geography

8.1 Introduction

8.2 Americas

8.2.1 United States

8.2.2 Canada

8.2.3 Mexico

8.2.4 Brazil

8.2.5 Chile

8.2.6 Europe

8.2.7 United Kingdom

8.2.8 Germany

8.2.9 France

8.3 Asia-Pacific

8.3.1 China

8.3.2 India

8.3.3 Japan

8.3.4 Korea

8.4 Row

8.4.1 Russia

8.4.2 Middle East

8.4.3 Africa

9 Global Next Generation Biometrics - Market Entropy

9.1 Developments - By Type

9.2 Product Launches - Most Dominant Strategy

9.2.1 Agreements and Partnerships

9.2.2 Collaborations and Mergers

9.2.3 Acquisitions

9.3 Developments- By Company

10 Global Next Generation Biometrics Market - Company Profiles

10.1 3M COGENT, Inc.

10.1.1 Business Overview

10.1.2 Products

10.1.3 Financials

10.1.4 Strategy

10.1.5 Developments

10.2 Bio-Key, International Inc.

10.2.1 Business Overview

10.2.2 Products

10.2.3 Financials

10.2.4 Developments

10.3 Cross Match Technologies

10.3.1 Business Overview

10.3.2 Products

10.3.3 Financials

10.3.4 Strategy

10.3.5 Developments

10.4 CMI Tech Company, Ltd.

10.4.1 Business Overview

10.4.2 Products

10.4.3 Developments

10.5 Fujitsu Limited

10.5.1 Business Overview

10.5.2 Products

10.5.3 Financials

10.6 FUTRONIC Technology Co. Ltd.

10.6.1 Business Overview

10.6.2 Products

10.6.3 Financials

10.7 Hid Global

10.7.1 Business Overview

10.7.2 Products

10.7.3 Financials

10.7.4 Developments

10.8 Hitachi, Ltd.

10.8.1 Business Overview

10.8.2 Products

10.8.3 Financials

10.8.4 Developments

10.9 IDEX Group

10.9.1 Business Overview

10.9.2 Products

10.9.3 Financials

10.9.4 Developments

10.10 Integrated Biometrics Inc.

10.10.1 Business Overview

10.10.2 Products

10.10.3 Financials

10.10.4 Developments

10.11 Iris Id Systems, Inc.

10.11.1 Business Overview

10.11.2 Products

10.11.3 Financials

10.11.4 Developments

10.12 MORPHO

10.12.1 Business Overview

10.12.2 Products

10.12.3 Financials

10.12.4 Strategy

10.12.5 Developments

10.13 NEC Corporation

10.13.1 Business Overview

10.13.2 Products

10.13.3 Financials

10.13.4 Strategy

10.13.5 Developments

10.14 Precise Biometrics AB

10.14.1 Business Overview

10.14.2 Products

10.14.3 Financials

10.14.4 Developments

10.15 RCG Holdings Limited.

10.15.1 Business Overview

10.15.2 Products

10.15.3 Financials

10.16 SECUGEN Corporation

10.16.1 Business Overview

10.16.2 Products

10.16.3 Financials

10.16.4 Developments

10.17 Smart Sensors Ltd

10.17.1 Business Overview

10.17.2 Products

10.17.3 Financials

10.18 Suprema, Incorporated

10.18.1 Business Overview

10.18.2 Products

10.18.3 Financials

10.18.4 Developments

10.19 VIRDI Tech Co. Ltd

10.19.1 Business Overview

10.19.2 Products

10.19.3 Financials

10.19.4 Developments

10.20 ZK Technology LLC

10.20.1 Business Overview

10.20.2 Products

10.20.3 Financials

10.20.4 Developments

"*Financials would be provided on a best efforts basis for private companies"

11 Appendix

11.1 Abbreviations

11.2 Sources

11.3 Research Methodology

11.4 Expert Insights

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