Biometrics Market in BRIC Countries

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Published : Sep-2015
No. of Pages : 118

Biometric Market in BRIC Countries 2015-2019

The following companies are the key players in the Biometric Market in BRIC Countries: Crossmatch, HID Global, 3M Cogent, NEC and Safran

Other Prominent Vendors in the market are: Beijing IrisKing, BioEnable, BioLink, eSSL Security, Fujitsu, 4G Identity, Hitachi, Honeywell, SUPREMA and ZK

Commenting on the report, an analyst said: "Physical contact is necessary for fingerprint biometrics, requiring an individual to place a finger on the sensor. Concerns related to hygiene are increasing among individuals because of increased instances of communicable diseases such as Ebola and H1N1. Therefore, people are reluctant to adopt contact biometric solutions in public places. Biometric technology vendors and biometric scanner manufacturers are focusing on the development of contactless fingerprint scanners. Also, this awareness is creating a growth opportunity for contactless biometrics such as technologically advanced iris cameras. This is particularly beneficial for the healthcare sector, which has a higher risk of communicable diseases. The demand for contactless biometrics is likely to be a prevalent trend in BRIC countries in the next couple of years."

According to the report, voice recognition is likely to be popular in the BFSI sector in the next two years, especially in mobile banking, because it eliminates the need for PINs or passwords. Voice biometrics analyze a person's voice in terms of pitch, vocal tract, harmonics, and dialect to verify identity. For instance, JPMorgan Chase uses voice recognition technology to identify fraudsters. The adoption of voice biometrics in the BFSI sector is low in developing countries because of a lack of awareness. However, it is likely to increase in developing countries such as Brazil, China, and India.

Further, the report states that environmental factors such as background noise and network issues are likely to affect the biometrics market in BRIC countries during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Information Technology
Publisher : Technavio