Market Analysis
Identification documents and PIN are traditional methods used to verify the identity of every individual. However, due to increasing security breaches, illegal financial transactions, and unauthorized immigration across borders, the need for next-generation biometrics has increased. Next generation biometrics recognizes individuals with their biological characteristics such as face, voice, palm, fingerprints, signature, iris, vein and DNA. next generation biometrics market report can be carried out by using a combination of hardware and software-based solutions that automatically identify and authenticate an individual.
Many industry giants are also innovating their products and incorporating new features in their respective portfolios. Samsung is expected to feature a 3D camera and in-display fingerprint reader in its upcoming mobile Samsung Galaxy S10/X. The 3D camera is expected to come with a 360-degree image and video capture, which will be more than biometric identification. Also, in-display fingerprint reader is leveling-up the competition among manufacturers to provide better next-generation biometric tools.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/5955
Key players
The prominent players in the market of Next Generation Biometrics are - Safran S.A. (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), Suprema Inc. (South Korea), Cross Match Technologies Inc. (U.S.), Fulcrum Biometrics LLC (U.S.), Thales Group (France), Bio-Key International Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG (Germany).
The prominent players keep innovating and investing in research and development to present a cost-effective portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global next generation biometrics market based on component, function, technology, vertical, and authentication.
By component, the next generation biometrics market is bifurcated into services, solutions, and hardware. The hardware segment is again segmented into fingerprint readers, cameras, scanners, and others. The services segment is again segmented into support & maintenance services, and installation services.
By function, the global next generation biometrics market is segmented into non-contact, contact, and others.
By technology, the global next generation biometrics market is segmented into DNA, signature, voice, palm, iris, face, fingerprint, and others. Of these, the fingerprint segment will lead the market over the forecast period.
By vertical, the global next generation biometrics market is segmented into travel and immigration, IT, consumer electronics, healthcare, government, military and defense, BFSI, and others. Of these, travel and immigration will dominate the market over the forecast period.
By authentication, the global next generation biometrics market is segmented into multi-factor authentication and single factor authentication. The single factor authentication is again segmented into voice recognition, signature recognition, vein recognition, face recognition, palm print recognition, iris recognition, fingerprint recognition, and others. The others segment include gait recognition, keystroke recognition, and DNA recognition. The multi-factor authentication segment is again segmented into three-factor authentication, two-factor authentication, biometrics combined with pin technology, and smart card technology. Of these, the IRIS biometrics next generation authentication segment will have a major share in the market over the forecast period.
Regional Analysis
By region, the global next generation biometrics market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will have the lions share in the market over the forecast period. Effective prices of biometric devices, technological advances, and increasing adoption by the commercial sectors and the government for identification of individuals are adding to the global next generation biometrics market growth in the region.
The global next generation biometrics market in Europe is predicted to have the second-largest share over the forecast period. Increasing government funds for e-passport programs coupled with growing regional awareness regarding data security is adding to the global next generation biometrics market growth in the region.
The global next generation biometrics market in the APAC region is predicted to have notable growth over the forecast period. Dynamic growth of the internet of things, data centers, telecom, and web, growing need for security of data, and increasing use by enterprises to reduce operational risks, track loopholes in application code, and monitor application performance are adding to the global next generation biometrics market growth in the region.
The global next generation biometrics market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Prominent players profiled in the global next generation biometrics technology market report include Siemens AG (Germany), RCG Holdings Limited (Hong Kong), Facebanx (U.K), Fingerprint Cards AB (Sweden), ValidSoft (U.K), Secunet Security Networks AG (Germany), Precise Biometrics AB (Sweden), Bio-Key International Inc. (U.S.), Thales Group (France), Fulcrum Biometrics LLC (U.S.), Cross Match Technologies Inc. (U.S.), Suprema Inc. (South Korea), Fujitsu Ltd. (Japan), 3M Cogent Inc. (U.S.), NEC Corporation (Japan), and Safran S.A. (France).
Get Complete Report @ https://www.marketresearchfuture.com/reports/next-generation-biometrics-market-5955
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
