6Wresearch announces the release of exhaustive and detailed “Global Biometrics Market (2014-2020)” report covering technologies, regions, countries and applications. The report estimates and forecast market by technologies such as Fingerprint, Face, IRIS, Hand/ Palm-Print, Voice, Vein, Keystroke Dynamics, DNA, GAIT and Multimodal biometrics. The report consist regions such as North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa and further has been divided into countries including Canada, United States, Brazil, Mexico, Argentina, Colombia, Germany, United Kingdom, France, Italy, Spain, Russia, China, India, Japan, South Korea, Indonesia, Australia, Saudi Arabia, UAE, Turkey, Israel, Egypt, South Africa and Nigeria. The report also segregates market into time & attendance systems, access control systems and identity solutions based biometric systems by various technologies.
Increasing investments, surging government security spending, rising number of tourists, government projects, upcoming UAE’s World Expo 2020 and increasing IT spending are fueling the demand for biometrics systems in Middle-East market. In global biometrics market, share of Middle-East region is expected to surge due to countries such as UAE, Saudi Arabia, Turkey and Israel.
According to 6Wresearch, Global Biometrics Market is projected to reach $21.9 billion by 2020. North America leads the overall biometrics market, where the U.S. is the major revenue generating country in this region. Increasing homeland security, government spending, research and development activities are driving the growth of the U.S. in North American biometrics market. Also, increasing cyber security market has led to the demand for fingerprint and finger-vein biometric devices especially in banking & financial application.
In Middle-East biometrics market, Saudi Arabia is emerging as one of the key growing market on account of changing government reforms, establishment of industries, emerging of IT/ITeS sector, government initiatives and mandatory policies. For instance, government has mandated biometrics enabled visas for all the tourists visiting in the country, which would drive the growth of biometrics market in the country. Also, The General Directorate of Passports has mandated capturing of fingerprint of all expatriate men and women in the country.
Further, with upcoming FIFA World Cup 2022 in Qatar, demand for advanced security systems is expected to increase in the forecast period. Qatari government is planning to invest more than $200 billion for the upcoming sporting event, which would be invested in construction and renovation of stadiums, hotels, metro rail, and highways.
UAE accounts for third largest share in Middle-East biometrics market, after Turkey and Saudi Arabia, owing to growth in the construction market. UAE has already established World’s largest biometric database, which includes the records of residents and citizens of over 135 million fingerprint, hand/palm prints and facial images. Moreover, UAE is anticipated to conduct World Expo in 2020, leading to higher growth in the construction of hotels and commercial offices. On account of growing construction market, UAE witnessed higher demand for security systems, primarily video surveillance and access control systems in SME sector. In UAE, card readers reported to have led the market of access control. However, the trend is now rapidly shifting towards biometric technology based access control systems.
The key companies in global biometrics market include- Morpho Safran, 3M Cogent, NEC, Suprema, Nuance, Hitachi, Crossmatch Technologies, Iris ID, ZK Technologies and others.