DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Next Generation Biometrics - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

The Global Next Generation Biometrics market accounted for $13.89 billion in 2017 and is expected to reach $63.26 billion by 2026 growing at a CAGR of 18.3% during the forecast period.

Increasing number of government initiatives to adopt biometrics, growing need for surveillance and security owing to the threats of terrorist attack, proliferation of biometric technology in applications such as financial institutes, retail & automotive and increased convenience, secure identity management & superior human resource management are the key driving factors for the market growth. However, high deployment costs are hindering the market growth.

The identity of a person based on certain physical or behavioral characteristics is recognized and authenticated by the biometric process. A person can be exceptionally identified by evaluating one or more distinguishing biological traits through biometric verification. The uniqueness of a person can be identified from different types of biometric technologies such as fingerprints, signature, palm recognition, face detection and record of their voice.

This data is then compared to the biometric data of several other persons kept in a database to authenticate a person's identity. With the help of this biometric technology, the government agencies are able to solve crimes, prevent fraud in voting or public benefit applications, secure national borders, or protect identities for a variety of other applications, such as access control, banking and employee background checks.

Scope of the Report

Types Covered:

Noncontact Functionality Combined Functionality Contact Functionality

Components Covered:

Software Hardware Services

Authentication Types Covered:

Single-Factor Authentication Multifactor Authentication

Applications Covered:

Government Miltary & Defence Law Enforcement Enterprises Banking & Finance Healthcare Residential Homes Airports Consumer Electronics Travel & Immigration Automotive Security Other Applications

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Next Generation Biometrics Market, By Type

6 Global Next Generation Biometrics Market, By Component

7 Global Next Generation Biometrics Market, By Authentication Type

8 Global Next Generation Biometrics Market, By Application

9 Global Next Generation Biometrics Market, By Geography

10 Key Developments

11 Company Profiling

Assa Abloy Aware Bio-Key International Cognitec Systems Cross Match Technologies Daon Facebanx Fujitsu NEC Precise Biometrics Safran Secunet Security Networks Securiport Stanley Black & Decker Thales

For more information about this report visit https://www.researchandmarkets.com/research/kg3g7c/63_26_bn_next?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005643/en/

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Related Topics:Biometrics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/28/2018 12:42 PM/DISC: 08/28/2018 12:42 PM

http://www.businesswire.com/news/home/20180828005643/en