An exciting new study from the team of Lucintel found that biometric system market is expected to reach $51.3 billion by 2027 with a CAGR of 12%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
Download Brochure of this report by clicking on https://www.lucintel.com/biometric-system-market.aspx.
The biometric system
market is segmented based on technology, type, end use industry, and region. In
this market, AFIS is expected to remain the largest technology, and government
and law enforcement segment is expected to remain the largest end use industry.
Players can benefit from the available opportunities like increasing focus of
safety and security in private and business sectors related to unauthorized
access, growth in the e-passport program for personal identification, and the
growing adaption of voice recognition systems in the banking and financial
services sector.
Development of advanced
biometric modalities, such as body odor, ear pattern, and lip biometrics and
increasing use of advanced biometric sensors are emerging trends having impact
on dynamics of the industry.
3M Cogent, Inc., Safran
(Morpho), Hid Global, IDEMIA, NEC Corporation, Thales Group, Bio-Key,
International Inc., Precise Biometrics AB., Suprema Inc., IriTech, Inc. and
Fujitsu are some of the major players profiled in this 181 page report.
Request Sample Pages by clicking on https://www.lucintel.com/biometric-system-market.aspxv.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the biometric system market by technology
(fingerprint, AFIS, iris recognition, facial recognition, hand geometry, vein
recognition, signature recognition, voice recognition and others), by type
(physiological type and behavioral type), by end use industry (government and
law enforcement, commercial and retail, health care, travel and immigration,
financial and banking and others) and by region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the biometric system market?
Q.4 What are some
changing demands of customers in the biometric system market?
Q.5 What are the new
developments in the biometric system market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this biometric system area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this biometric system market?
This unique report from Lucintel will enable you to make
confident business decisions in this globally competitive marketplace. For a
detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas,
USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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