Biometrics Market in North America to grow at a CAGR of 12.28% during the period 2016 - 2020; Finds New Report

Report forecast the biometrics market in North America to grow at a CAGR of 12.28% during the period 2016-2020.

Biometrics is a technology that is useful for identifying individuals based on physical or behavioral features. It provides an additional level of security for people and important information. It involves identification and verification of physical traits such as fingerprints, hand geometry, face recognition, and iris recognition, and behavioral traits such as keystroke patterns, signature, and voice recognition. The technology can be used for identification and authentication.

The biometric system can be either an identification or a verification system. An identification system identifies an individual without their consent. These systems are more often used in surveillance applications. In a verification system, biometric traits are used to verify a person's identity.

The report covers the present scenario and the growth prospects of the biometrics market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions including hardware, software, integrated solutions, and services offered in the government sector.

The market is divided into the following segments based on geography:

• The US
• Canada

According to the report, a key growth driver is the increased acceptance of multimodal biometrics. Multimodal biometrics is a combination of two or more biometric technologies used to identify and verify individuals. In certain situations, a single biometric identification system does not match the individual with his or her identity. In such scenarios, multimodal biometrics offers more accuracy as it combines two or more biometric technologies such as fingerprint recognition and facial recognition for secure authentication. These biometric systems are more reliable, secure, and accurate and are capable of avoiding spoofing attacks. These systems are more widely accepted for border control because of their reliance on multiple biometric technologies for identification rather than on a single characteristic.

Further, the report states that one challenge that could hamper market growth is the high cost of biometric systems.

Biometrics Market in North America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the biometrics market in North America: Crossmatch Technologies, 3M Cogent, M2SYS Technology, NEC, and Safran.

Other Prominent Vendors in the market are: Advanced Biometrics, Amano Cincinnati, Aware, BIO-Key International, Cognitec Systems, DigitalPersona, Fingertec USA, Fujitsu, GAMASIS, Griaule Biometrics, M2SYS, Nuance Communications, Precise Biometrics, and ZKTeco.

Market driver

• Increased acceptance of multimodal biometrics
• For a full, detailed list, view our report

Market challenge

• High cost of biometric systems
• For a full, detailed list, view our report

Market trend

• Emergence of mobile biometric payments
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 87 pages and 49 Exhibit “Biometrics Market in North America 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market opportunities, Market segmentation by technology, Market segmentation by end-user, Market segmentation by application, Biometrics market in US, Biometrics market in Canada, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Vendor analysis, Key vendor analysis, Appendix.

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