An exciting new study from the team of Lucintel found that biometrics system market is expected to reach $48.1 billion by 2025 with a CAGR of 14.5%. 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-2020-2025.aspx
The biometrics system market
is segmented based on technology, end use, type, 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.
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.
Safran SA, NEC
Corporation, 3M Cogent, Precise Biometrics, and Fujitsu Ltd are some of the
major players profiled in this 176 page report.
Request Sample Pages by clicking on https://www.lucintel.com/downloadreportsample.aspx?RepId=RPT1962
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 biometrics system market by type
(physiological and behavioral), by technology (fingerprint, AFIS, iris
recognition, facial recognition, hand geometry, vein recognition, signature
recognition, voice recognition, and others), 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 biometrics system market?
Q.4 What are some
changing demands of customers in the biometrics system market?
Q.5 What are the new
developments in the biometrics 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 biometrics 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 biometrics 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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