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Home » Electronics » Electronics Systems & Devices » EEL-2300316
  • Global Biometrics System Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

  • Publish: January 2017 | Report Code: EEL-2300316

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Biometrics technology is utilized for the objective of verification and authentication. Biometrics analyzes and measures both behavioral and physiological traits such as fingerprints; voice patterns; vein and signature patterns; eye retinas and irises; DNA; hand measurements; and, facial patterns for identification or authentication objectives of a human being. The global biometrics system market is expected to grow at the CAGR of 21.5% by 2022, and the revenue is estimated around $41,792 million. The key driver for the growth of the market is raising application of biometrics system in election administration. Political and election administration leaders have a desire for biometrics. It is used in the process of infusing, documentation systems and their registration with biometrics. However, biometrics can support observing the problem of wide number of registrations; and so, in that respect, rising trust in the legitimacy of the process is driving such an inescapable and strong move towards biometric technologies in ID cards and registration across Latin America and Africa at this moment. Other key drivers are government support across the globe to adopt biometrics systems for the objective of verification and identification; usage of biometrics for criminal identification; introduction of e-passports; high usage of biometrics in smartphones and technological advancements are supporting growth of the biometric systems market. Technology advancements and rising adoption of these technologies may significantly decrease the whole implementation cost. Growing cloud technologies for biometric data and usage in e-commerce are the key opportunity areas for the market. The market is facing some restraints such as huge cost of biometric devices and fear of privacy intrusion and disturbance. Biometric technology is costly and requires training, and proper staff to necessitate and implement that all the people at any point gets the new card and/or re-register. At the same time, it observed one point of major fraud and multiple registrations. The biometrics system market is also facing a challenge i.e. security issue.

The global biometrics system market is segmented on the basis of application, end users, and by geography. Among all application, the market is segmented into signature recognition, voice recognition, hand geometry, face recognition, iris recognition, AFIS, Non AFIS, and other applications. According to the application segment of biometrics technology, the non-AFIS segment has driven the market in 2012 due to its ease of use and cost benefits. Moreover, the non-AFIS application segment provides flexibility and needs less maintenance as compared to other recognition systems. The iris application segment has huge untapped potential as a developing technology in areas of access control and high-end security. This application segment provides high security by supporting one-to-many identification. The growth of iris biometrics technology systems is expected to enhance by their high use for national ID drives, banking services and control for access to networks. Thus, iris recognition systems market is projected to grow at the fastest under the global biometrics systems market in the coming years. Among end users, it is segmented into healthcare, government, military & defense, consumer electronics, commercial & home security, travel & immigration and others. The rising government investment for utilizing biometric systems across many economic sectors has been a major factor boosting the global biometrics systems market. Healthcare sector is also estimated to grow significantly due to use of biometrics technology for preventing false insurance claims; patient privacy; and, other health care frauds.

On the basis of geography, North America, Europe, Asia Pacific, and ROW are the major segments of this global biometrics system market. North America is expected to be the leading market during the forecast period. In the U.S., biometrics systems are majorly used in several departments Inc.luding homeland security, defense, justice, state and commerce, etc. Asia Pacific is estimated to show high growth due to rising awareness for biometrics technology. The China, India, Russia and Mexico Market for biometrics system are estimated to grow significantly. Initiatives such as the UIDAI project in India use eyes, fingerprints and face biometrics for individual identification and e-KTP electronic ID initiative in Indonesia.

Some of the major players of the market 3M cogent Inc., Accu-time systems Inc., Biokey international Inc., CogniTech systems GmbH, Cross Match Technologies, Daon Inc., Fujitsu Ltd., Fulcrum Biometrics, iDTech, Siemens ag, suprema Inc., RCG Holding Ltd., NEC corporation, Precise Biometrics Ab etc. Mergers, product launches, Innovation and expansion are some of the key strategies adopted by the market players.

On April 2014, Cross match acquires DigitalPersona. Cross Match and DigitalPersona are both leaders in biometric technologies with a solid brand presence in worldwide market. But, due to little overlap in portfolios, the company has decided to merge and offer their customers a portfolio of solutions that is unparalleled in the biometrics industry. This acquisition will also offer to widen their global coverage and gain high competitive advantage.

1.    INTRODUCTION
1.1.    EXECUTIVE SUMMARY
1.2.    ESTIMATION METHODOLOGY
 
2.    MARKET OVERVIEW
2.1.    MARKET DEFINITION AND SCOPE
2.2.    KEY FINDINGS
2.3.    PARAMETRIC ANALYSIS
2.4.    KEY MARKET INSIGHTS
2.4.1.    TOP 3 EMERGING COUNTRIES
2.4.2.    TOP 3 REVENUE GENERATING SEGMENTS
2.4.3.    TOP GROWING MARKETS AND EMERGING TRENDS
2.4.4.    TOP 3 GEOGRAPHY
2.5.    COMPETITIVE LANDSCAPE
2.5.1.    MARKET SHARE ANALYSIS
2.5.2.    TOP WINNING STRATEGIES
2.5.3.    CASE STUDIES: TOP COMPETITIVE MOVES
2.6.    PORTER’S FIVE FORCE MODEL
2.6.1.    THREAT OF NEW ENTRANTS
2.6.2.    THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
2.6.3.    BARGAINING POWER OF BUYER
2.6.4.    BARGAINING POWER OF SUPPLIER
2.6.5.    INTENSITY OF COMPETITIVE RIVALRY
2.7.    KEY BUYING CRITERIA
2.8.    STRATEGIC RECOMMENDATION
2.9.    STRATEGIC CONCLUSIONS
 
3.    MARKET DETERMINANTS
3.1.    MARKET DRIVERS
3.1.1.    RISING APPLICATION OF BIOMETRIC SYSTEM IN ELECTION ADMINISTRATION.
3.1.2.    INTRODUCTION OF E-PASSPORT
3.1.3.    RISING UTILIZATION OF BIOMETRIC SYSTEMS IN  BANKING AND HEALTHCARE
3.1.4.    RISING USAGE OF BIOMETRIC SYSTEMS FOR CRIMINAL IDENTIFICATION
3.1.5.    HIGH USAGE OF BIOMETRICS IN SMARTPHONES.
3.1.6.    GOVERNMENT SUPPORT TO ACCEPT BIOMETRICS IN MANY FIELDS.
3.1.7.    TECHNOLOGICAL ADVANCEMENTS
 
3.2.    MARKET RESTRAINTS
3.2.1.    HUGE COST OF BIOMETRIC DEVICES
3.2.2.    FEAR OF PRIVACY INTRUSION AND DISTURBANCE
3.3.     MARKET OPPORTUNITIES
3.3.1.    GROWING CLOUD TECHNOLOGIES HELPS FOR STRONG MANAGEMENT OF BIOMETRIC DATA
3.3.2.    USAGE IN E-COMMERCE
3.4.    MARKET CHALLENGES
3.4.1.    SECURITY ISSUES
3.5.    PARENT MARKET
3.6.    COMPETITORS MARKET
3.7.    ALTERNATIVE MARKET
 
4.    MARKET SEGMENTATION
4.1.    GLOBAL BIOMETRICS SYSTEM MARKET BY APPLICATION 2014-2023 ($ MILLION)
4.1.1.    GLOBAL BIOMETRICS SYSTEM MARKET BY SIGNATURE RECOGNITION 2014-2023 ($ MILLION)
4.1.2.    GLOBAL BIOMETRICS SYSTEM MARKET BY VOICE RECOGNITION 2014-2023 ($ MILLION)
4.1.3.    GLOBAL BIOMETRICS SYSTEM MARKET BY HAND GEOMETRY 2014-2023 ($ MILLION)
4.1.4.    GLOBAL BIOMETRICS SYSTEM MARKET BY FACE RECOGNITION 2014-2023 ($ MILLION)
4.1.5.    GLOBAL BIOMETRICS SYSTEM MARKET BY IRIS RECOGNITION 2014-2023 ($ MILLION)
4.1.6.    GLOBAL BIOMETRICS SYSTEM MARKET BY OTHER APPLICATIONS  2014-2023 ($ MILLION)
4.2.    GLOBAL BIOMETRICS SYSTEM MARKET BY END USER 2014-2023 ($ MILLION)
4.2.1.    GLOBAL BIOMETRICS SYSTEM BY HEALTHCARE MARKET 2014-2023 ($ MILLION)
4.2.2.    GLOBAL BIOMETRICS SYSTEM BY GOVERNMENT 2014-2023 ($ MILLION)
4.2.3.    GLOBAL BIOMETRICS SYSTEM BY MILITARY AND DEFENSE  MARKET 2014-2023 ($ MILLION)
4.2.4.    GLOBAL BIOMETRICS SYSTEM BY CONSUMER ELECTRONICS MARKET 2014-2023 ($ MILLION)
4.2.5.    GLOBAL BIOMETRICS SYSTEM BY COMMERCIAL AND HOME SECURITY MARKET 2014-2023 ($ MILLION)
4.2.6.    GLOBAL BIOMETRICS SYSTEM BY TRAVEL AND IMMIGRATION MARKET 2014-2023 ($ MILLION)
4.2.7.     GLOBAL BIOMETRICS SYSTEM BY OTHER MARKET 2014-2023 ($ MILLION)
 
5.    GEOGRAPHICAL ANALYSIS
5.1.    NORTH AMERICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.1.1.    UNITED STATES (U.S.) BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.1.2.    CANADA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.    EUROPE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.1.    UNITED KINGDOM (UK) BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.2.    FRANCE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.3.    GERMANY BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.4.    SPAIN BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.5.    ITALY BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.2.6.    ROE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.3.    ASIA PACIFIC BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.3.1.    INDIA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.3.2.    CHINA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.3.3.    JAPAN BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.3.4.    ROAPAC BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.4.    REST OF THE WORLD BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.4.1.    LATIN AMERICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.4.2.    MENA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
5.4.3.    AFRICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
 
6.    COMPANY PROFILES
1.    3M COGENT, INC.
2.    ACCU-TIME SYSTEMS, INC.
3.    BIOKEY INTERNATIONAL, INC.
4.    COGNITEC SYSTEMS, GMBH
5.    CROSS MATCH TECHNOLOGIES
6.    DAON, INC.
7.    DIGITALPERSONA, INC.
8.    FUJITSU LTD
9.    FULCRUM BIOMETRICS
10.    IDTECK
11.    IRISGUARD, INC.
12.    LUMIDIGM, INC.
13.    MORPHO SA (SAFRAN)
14.    NEC CORPORATION
15.    PRECISE BIOMETRICS AB
 
LIST OF TABLES
1.    GLOBAL BIOMETRIC SYSTEMS MARKET BY APPLICATION 2014-2023 ($ MILLION)
2.    GLOBAL SIGNATURE RECOGNITION FOR BIOMETRICS  SYSTEM MARKET 2014-2023 ($ MILLION)
3.    GLOBAL VOICE RECOGNITION FOR BIOMETRICS SYSTEM MARKET 2014-2023 ($ MILLION)
4.    GLOBAL HAND GEOMETRY FOR BIOMETRICS SYSTEM MARKET 2014-2023 ($ MILLION)
5.    GLOBAL FACE RECOGNITION FOR  BIOMETRICS SYSTEM MARKET 2014-2023 ($ MILLION)
6.    GLOBAL IRIS RECOGNITION FOR  BIOMETRICS SYSTEM MARKET 2014-2023 ($ MILLION)
7.    GLOBAL OTHERS APPLICATION FOR  BIOMETRICS SYSTEM MARKET 2014-2023 ($ MILLION)
8.    GLOBAL BIOMETRIC SYSTEMS MARKET BY END USER 2014-2023 ($ MILLION)
9.    GLOBAL BIOMETRIC SYSTEMS MARKET  FOR HEALTHCARE MARKET 2014-2023 ($ MILLION)
10.    GLOBAL BIOMETRIC SYSTEMS MARKET FOR GOVERNMENT 2014-2023 ($ MILLION)
11.    GLOBAL BIOMETRIC SYSTEMS MARKET FOR MILITARY & DEFENSE MARKET  2014-2023 ($ MILLION)
12.    GLOBAL BIOMETRIC SYSTEMS MARKET FOR CONSUMER ELECTRONICS MARKET 2014-2023 ($ MILLION)
13.    GLOBAL BIOMETRIC SYSTEMS MARKET FOR COMMERCIAL AND HOME SECURITY MARKET 2014-2023 ($ MILLION)
14.    GLOBAL BIOMETRIC SYSTEMS MARKET FOR TRAVEL & IMMIGRATION MARKET 2014-2023 ($ MILLION)
15.    GLOBAL BIOMETRIC SYSTEMS MARKET FOR OTHER MARKET 2014-2023 ($ MILLION)
16.    NORTH AMERICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
17.    EUROPE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
18.    ASIA PACIFIC BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
19.    REST OF THE WORLD BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
 
LIST OF FIGURES
1.    GLOBAL SIGNATURE RECOGNITION MARKET 2014-2023 ($ MILLION)
2.    GLOBAL VOICE RECOGNITION MARKET 2014-2023 ($ MILLION)
3.    GLOBAL HAND GEOMETRY MARKET 2014-2023 ($ MILLION)
4.    GLOBAL FACE RECOGNITION MARKET 2014-2023 ($ MILLION)
5.    GLOBAL IRIS RECOGNITION MARKET 2014-2023 ($ MILLION)
6.    GLOBAL OTHER APPLICATIONS MARKET 2014-2023 ($ MILLION)
7.    GLOBAL HEALTHCARE MARKET 2014-2023 ($ MILLION)
8.    GLOBAL BIOMETRIC SYSTEM FOR GOVERNMENT 2014-2023 ($ MILLION)
9.    GLOBAL MILITARY AND DEFENSE MARKET 2014-2023 ($ MILLION)
10.    GLOBAL CONSUMER ELECTRONICS MARKET2014-2023 ($ MILLION)
11.    GLOBAL COMMERCIAL & HOME SECURITY MARKET 2014-2023 ($ MILLION)
12.    GLOBAL TRAVEL & IMMIGRATION MARKET 2014-2023 ($ MILLION)
13.    GLOBAL OTHER END USER MARKET 2014-2023 ($ MILLION)
14.    NORTH AMERICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
15.    UNITED STATES (U.S.) BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
16.    CANADA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
17.    EUROPE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
18.    UNITED KINGDOM (UK) BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
19.    FRANCE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
20.    GERMANY BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
21.    SPAIN BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
22.    ITALY BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
23.    ROE BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
24.    ASIA PACIFIC BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
25.    INDIA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
26.    CHINA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
27.    JAPAN BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
28.    KOREA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
29.    AUSTRALIA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
30.    ROAPAC BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
31.    REST OF THE WORLD BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
32.    LATIN AMERICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
33.    MENA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)
34.    AFRICA BIOMETRIC SYSTEMS MARKET 2014-2023 ($ MILLION)

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