Market Forecast By Technology, Applications and Regions
|Product Code: ETC000186||Publication Date: Aug 2014||Product Type: Report|
Increasing investments, opening up of Saudi Arabia's economy, e-passports and visas, government projects, rising tourisms, growth of hospitality sector and increase in IT spending have led for the growth of biometrics technologies in Saudi Arabia. Although, biometrics market in Saudi Arabia is still very niche and is restricted by lack of awareness amongst end users. However, in the forecast period, with expected growth in awareness and increasing penetration of advanced security systems, biometrics market is likely to witness tremendous growth.
According to 6Wresearch, Saudi Arabia's Biometrics Market is projected to reach $1.5 billion by 2019. The growth of the market would be majorly controlled by fingerprint biometrics technology. Ease of installation & usage and lower cost have led for the rapid adoption of fingerprint biometrics technology systems in the country.
Though, fingerprint technology would continue to lead over the next five years, but higher growth rate of face and IRIS recognition technologies are exhibited in the country. e-passports & visas and deployment of biometrics systems at airports and usage in national projects would spur face & iris biometrics market. Mandatory biometrics visas for foreign tourists and compulsory fingerprints for all the expatriate women residing in the country have boosted the market.
The report thoroughly covers the market by biometrics technology types, by unit shipments, by verticals and by regions. The report estimates and forecast market size, market revenue by products, verticals and regions. The report also gives the insights on latest market trends, drivers, restraints and opportunities that devise growth of the market.
The report provides the detailed analysis of following market segments:
1. Biometrics Technology by types:
1.1 Fingerprint Biometrics
1.2 Facial Biometrics
1.3 IRIS Biometrics
2.1 Government, Travel & Transportation
2.2 Banking & Finance
2.5 Oil & Gas
3.1 Northern Saudi Arabia
3.2 Southern Saudi Arabia
3.3 Central Saudi Arabiav
3.4 Eastern Saudi Arabia
Updated Market Reports
|Other Updated Key Reports Available:|
|India Data Storage Market||global polyethylene market|
|global microgrid market||global ride hailing service market|
TABLE OF CONTENTS
1.1 Key Highlights of the Report
1.2 Report Description
1.3 Market Scope & Segmentation
1.4 Assumptions and Methodology
2 Global Biometrics Market Overview
2.1 Market Revenue
2.2 Biometrics technologies Comparison
2.3 Opportunistic Matrix
3 Saudi Arabia Biometrics Market
3.1 Saudi Arabia Market Outlook
3.2 Industry Life Cycle
3.3 Value Chain
3.4 Competitive Scenario
3.5 Saudi Arabia Biometrics Market Share, By Technologies
3.6 Saudi Arabia Biometrics Market Share, By Applications
3.7 Saudi Arabia Biometrics Market Share, By Regions
4 Saudi Arabia Market Dynamics
4.1 Market Drivers
4.1.1 Increasing Investments
4.1.2 Emergence of e-passports and visas
4.1.3 Growing IT Market
4.1.4 Emerging Applications
4.2 Market Restraints
4.2.1 Lack of Awareness
5 Saudi Arabia Market Trends
5.1 Demand for Multi-Modal Biometrics Systems
5.2 Time & Attendance Systems
5.3 Increasing Adoption of Biometrics Mobile Apps
5.4 Import Driven Market
6 Saudi Arabia Fingerprints Biometrics Market
6.1 Saudi Arabia Fingerprints Biometrics Market Revenues
6.2 Saudi Arabia Fingerprints Biometrics Market Units Shipments
6.3 Saudi Arabia Fingerprints Biometrics Market Revenues, By Applications
7 Saudi Arabia Facial Biometrics Market
7.1 Saudi Arabia Facial Biometrics Market Revenues
7.2 Saudi Arabia Facial Biometrics Market Units Shipments
7.3 Saudi Arabia Facial Biometrics Market Revenues, By Applications
8 Saudi Arabia IRIS Biometrics Market
8.1 Saudi Arabia IRIS Biometrics Market Revenues
8.2 Saudi Arabia IRIS Biometrics Market Units Shipments
8.3 Saudi Arabia IRIS Biometrics Market Revenues, By Applications
9 Saudi Arabia Others Biometrics Market
9.1 Saudi Arabia Others Biometrics Market Revenues
9.2 Saudi Arabia Others Biometrics Market Units Shipments
9.3 Saudi Arabia Others Biometrics Market Revenues, By Applications
10 Price Point Analysis
11 Company Profiles
11.1 Aware , Inc.
11.2 Extra Visions
11.3 HID Global Corporation
11.4 IDTECK CO., LTD.
11.5 M2SYS Technology
11.6 Morpho SA
11.7 NEC Saudi Arabia Ltd.
11.8 Precise Biometrics AB
11.9 Suprema Inc.
12 Key Strategic Pointers
Saudi Arabia Biometrics market is in its nascent stage, where market is yet to witness swashbuckling growth. In global biometrics market, contribution of Saudi Arabia was mere 3% in 2013. Lack of awareness is the major factor, which has restricted the penetration of biometrics systems in the country. However, in the forecast period, the market for biometrics in the country is anticipated to register growth on account of increasing investments, government projects, expansion of BFSI and IT/ITeS sector, and introduction of e-passports & visas.
In Saudi Arabia's biometrics market, fingerprint biometrics technology has accounted for majority of the market revenues. Ease of usage, cheaper than other biometrics technologies and higher Return on Investments have led for the growth of fingerprint biometrics systems in the country. Over the next five years, fingerprint biometrics technology is expected to maintain its dominance, but, other technologies such as facial and IRIS recognition would exhibit higher growth rate, primarily driven by government projects.
Increasing investments, growing number of tourists and expansion of hospitality sector in the country are the key factors driving the market for biometrics in Saudi Arabia. Riyadh, Jeddah, Makkah and Madinah are witnessing such developments on larger scale. Urban development, infrastructure expansion, flow of foreign investments and establishment of new enterprises across various verticals in these areas have led for the adoption of biometrics technologies, especially fingerprint biometrics in the country.
The report, “Saudi Arabia Biometrics Market (2014-2019)” estimates and forecast market size, market revenue by biometrics technology types, verticals and regions. The report also throws light on latest market trends, drivers, restraints and opportunities that devise growth of the market.