Biometrics Market in North America 2014-2018

2014-08-13
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Published : Aug-2014
No. of Pages : 102

Biometrics is a technology that helps in the identification of individuals based on their physical or behavioral features. It involves verification and identification of both physiological traits such as fingerprints, face recognition, DNA, palm print, hand geometry, and iris recognition and behavioral traits such as keystroke patterns and speech pattern/voice recognition. The technology is also used for authentication purposes. A biometrics system can be either an identification system or a verification system. In an identification system, a person’s identity is determined without their consent. Identification systems are more often used in surveillance applications. In a verification system, the biometric data is used only to verify a person’s identity. Verification systems are mostly used in access control applications.

TechNavio’s analysts forecast the Biometrics Market in North America to grow at a CAGR of 16.98 percent over the period 2013-2018.

Covered in this Report

This report covers the present scenario and the growth prospects of the Biometrics Market in North America for the period 2013-2018. To calculate the market size, the report considers revenue generated from the sales of biometrics solutions in the US and Canada. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Biometrics Market in North America. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Regions

  • US
  • Canada

Key Vendors

  • 3M Cogent Inc.
  • Cross Match Technologies Inc.
  • NEC Corp.
  • Safran SA

Other Prominent Vendors

  • Advanced Biometrics
  • Amano Cincinnati
  • Aware
  • BIO-Key International
  • Cognitec Systems
  • DigitalPersona
  • Fingertec USA
  • Fujitsu
  • GAMASIS
  • Griaule Biometrics
  • M2Sys
  • Nuance Communications
  • Precise Biometrics
  • ZKteco

Market Driver

  • Increasing Number of Identity Thefts
  • For a full, detailed list, view our report

Market Challenge

  • Increased Design Complexity
  • For a full, detailed list, view our report

Market Trend

  • Integration of Biometrics in Smart Cards
  • For a full, detailed list, view our report

Key Questions Answered in this Report

  • What will the market size be in 2018 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?
Filed in: Information Technology
Publisher : Infiniti Research Limited