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, 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 government spending towards IT security, introduction of government biometric projects (National ID Program, Biometric Driver’s license, Biometric Passports & Visas), increasing IT spending, data thefts, terrorist threats & increasing crime rate and shift from traditional smart card based systems towards biometric based systems across various countries in Asia-Pacific region are some of the key factors that are heading the region to attain market leadership by 2015.
China, Japan, South Korea and India are the prime revenue generating countries in Asia-Pacific biometrics market. Other countries such as Australia, The Philippines, Sri Lanka, Bangladesh, Thailand and Malaysia are also expected to play vital role in the growth of overall Asia-Pacific’s biometrics market in the forecast period. For instance, Sri Lanka and Philippines would be commencing biometrics based passports from 2014 and 2015 onwards, respectively, and would spur the demand for biometrics devices for identity solutions in the country.
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.
Fingerprint biometrics segment accounts for majority of market share in the overall biometrics technologies market, in both revenue and volume terms. Ease of usage and affordable in nature have resulted for its market dominance. However, in the forecast period, share of fingerprint technology is expected to decline due to growth in other biometrics technologies such as Face, IRIS, Vein and also the adoption of multimodal biometrics 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.