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Global Next Generation Biometrics Market 2018-2023: A $37.65 Billion Opportunity - ResearchAndMarkets.com

August 27, 2018

DUBLIN--(BUSINESS WIRE)--Aug 27, 2018--The “Global Next Generation Biometrics Market - Segmented by Type of Solution, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The global next generation biometrics market was valued at USD 9.61 billion in 2017, and is expected to reach a value of USD 37.65 billion by 2023, at a CAGR of 17.61%, during the forecast period (2018-2023).

Key Highlights

High Degree of Security & Improvement in Confidentiality of Personal Information is Driving the Market IRIS Recognition is One of the Fastest Growing Amongst the Type of Solution Banking Sector is the Fastest Growing Sector among others In Terms of Geography, North America Holds the Majority Market Share, Followed by Europe

Key Developments

Gemalto announced the closing of the acquisition of 3M’s Identity Management Business after approval by the relevant regulatory and antitrust authorities. This strategic acquisition rounds out Gemalto’s Government Programs offering by adding biometric technologies and more secure document features and it ideally positions the Company to provide solutions for the promising commercial biometrics market. The Identity Management Business will be integrated into Gemalto Government Programs business. In 2016, the acquired business generated USD 202 million in revenue and an estimated USD 53 million in profit from operations.

With the acquisition of 3M’s Identity Management Business, Gemalto makes a strategic move by in-sourcing biometric technology. Combining market access, technologies and expertise will enable Gemalto to further accelerate the deployment of trusted national identities and to offer strong end-to-end biometric authentication solutions throughout the digital economy

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Technology Snapshot

6. Next Generation Biometrics Market Breakdown by Type of Solution

7. Next Generation Biometrics Market Breakdown by End-user Industry

8. Next Generation Biometrics Market Breakdown by Geography

9. Next Generation Biometrics Market - Company Profiles

10. Investment Analysis

11. Future Outlook of Next Generation Biometrics Market

3M Cogent Inc. Cross Match Technologies Facebanx Fingerprint Cards AB Fujitsu Ltd. Fulcrum Biometrics RCG Holdings Limited Safran SA Siemens AG Suprema Inc. Thales Group ValidSoft UK Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/sj62p3/global_next?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180827005288/en/

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Related Topics:Biometrics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/27/2018 08:12 AM/DISC: 08/27/2018 08:12 AM

http://www.businesswire.com/news/home/20180827005288/en

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