DUBLIN, Jan. 28, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/6lngtl/global_biometrics) has announced the addition of the "Global Biometrics Market (2014-2020): Market Forecast By Technologies, Applications, End Use, Regions and Countries " report to their offering.
In global biometrics market, Asia-Pacific is anticipated to overtake North America by 2015, owing to increasing government spending towards IT security, government biometric based projects such as, National ID Program, Biometric Driver's license, Biometric Passports & Visas and others. Additionally, Asia-Pacific biometrics market is driven by increasing crime rate (crimes related to thefts and homicides), terrorist threats and shift from traditional smart card based systems towards biometric based systems across various countries in Asia-Pacific region.
According to this research, global biometrics market is projected to touch $21.9 Billion by 2020. Increasing IT security spending, government biometric based projects, terrorist threats, and emerging cyber security market is boosting the demand for biometric systems. 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.
Amongst all applications, government & transportation sectors accounts for largest of the global biometrics market share. However, consumer electronics application sector is expected to witness higher growth over the next five years, owing to increasing demand for biometrics enabled devices such as smartphones, and laptops, which uses fingerprint technology for authenticating the individuals. In Addition, banking & financial application sector would also exhibit higher growth in the coming years, on account of increasing mobile banking.
Key Topics Covered:
2 Global Biometrics Market Overview
3 Global Biometrics Market, By Technology
4 Global Biometrics Market, By Application
5 North America Biometrics Market Overview
6 Latin America Biometrics Market Overview
7 Europe Biometrics Market Overview
8 Asia-Pacific Biometrics Market Overview
9 Middle-East Biometrics Market Overview
10 Africa Biometrics Market Overview
11 Competitive Landscape
12 Company Profiles
13 Key Strategic Pointers
- 3M Co.
- Agnitio Corporation
- Anviz Global
- Assa Abloy Group
- BioLink Solutions
- Cross Match Technologies, Inc.
- Fingerprint Cards AB
- Fujitsu Limited
- Hitachi Limited
- Inception Technologies
- Ingersoll Rand Plc
- Iris ID, Inc.
- IrisGuard Inc.
- M2SYS Technology LLC
- Morpho SA
- NEC Corp.
- Nuance communication Inc.
- Panasonic Corporation
- Precise Biometrics AB
- Smartmatic International Corporation
- Suprema Inc.
- ZK Technology LLC
For more information visit http://www.researchandmarkets.com/research/6lngtl/global_biometrics
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SOURCE Research and Markets