[b]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 – 20200[/b]

[i]Browse 135 Market Tables & 47 Figures spread through 260 Pages and an in-depth TOC on “[b]Next Generation Biometrics Market[/b]”: http://industryarc.com/Report/1308/next-generation-biometrics-market-analysis.html[/i]

[b]Biometric Authentication[/b] has become the most important part of security due to an increase in unauthorized immigration, visa frauds, border intrusion, and so on.

“[b]Biometrics[/b]” is the technology used to identify, verify and authenticate an individual using his unique traits like iris, retina, veins, fingerprint, palm and others. These traits are unique and cannot be copied or replicated easily. [b]Biometric Technology[/b] provides accurate authentication and negligible margin of duplicity or error. Thus, due to this feature, the biometric devices are mainly used for security and surveillance purposes by government, defense, healthcare, banking, law enforcement and for access permit in organizations as well. It has increasingly been getting deployed at all the security checkpoints of airports, stations, commercial complex, retail malls, and so on.

[b]Market Brief:[/b]

The [b]Next Generation Market was accounted to be $5.9 Billion in 2014[/b] and is expected to grow at a healthy [b]CAGR of 22%[/b] during the forecast period, 2015-2020. The key driver for the market is the increasing demand for security along with convenience in a cost effective device. Currently, Consumer Electronics is the most potential market segment.

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With the current leading potential segment as Consumer Electronics, the Global [b]Next Generation Biometrics Market[/b] has a lot of scope. Many Global Players are investing to launch new products and gain competitive advantage over the total market due to the high innovation hopes existing.

Geographically, emerging regions hold high potential value and present good amount of opportunities for players in the market. These regions are good platforms for well growing segments like Enterprises and Healthcare. (They hold well for segments excluding Consumer Electronics and Government Market).

In 2014, Americas dominated this market with Europe standing on the second position. While these two were noted to be the established regions, APAC and ROW are the regions full of growth potential. They witnessed a high annual growth rates and is expected to continue. . 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 growing demand for the data protection in electronic devices (laptops, tablets, and mobile), financial services and government documents is set to drive the biometric market.

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[b]REPORT SCOPE:[/b]

The [b]Next Generation Biometrics Market Report[/b] is an exhaustive study of the [b]biometric devices[/b] and sensors that are utilized across several industries. Besides the segmentation of the market, this 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.

[b]Market Segmentation[/b]:

The [b]Next Generation Biometric[/b] Systems is broadly classified into 3 types based on certain factors:
• [b]By Type[/b]: Single Factor Authentication and Multi Factor Authentication
• [b]By Application[/b]: Banking, Consumer Electronics, Enterprises &Corporations and Others.
• [b]By Geography[/b]: Americas, APAC and ROW.

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[b]Key Players:[/b]

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.
• 3M COGENT, Inc.
• Bio-Key, International Inc.
• Cross Match Technologies
• CMI Tech Company, Ltd.
• Fujitsu Limited

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