About the Biometrics Market in North America
Biometrics is a technology that is useful for identifying individuals based on physical or behavioral features. It provides an additional level of security for people and important information. It involves identification and verification of physical traits such as fingerprints, hand geometry, face recognition, and iris recognition, and behavioral traits such as keystroke patterns, signature, and voice recognition. The technology can be used for identification and authentication. The biometric system can be either an identification or a verification system. An identification system identifies an individual without their consent. These systems are more often used in surveillance applications. In a verification system, biometric traits are used to verify a person's identity.
Technavio’s analysts forecast the biometrics market in North America to grow at a CAGR of 12.28% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the biometrics market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions including hardware, software, integrated solutions, and services offered in the government sector.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Biometrics Market in North America 2016-2020
Technavio recognizes the following companies as the key players in the biometrics market in North America: Crossmatch Technologies, 3M Cogent, M2SYS Technology, NEC, and Safran.
Other Prominent Vendors in the market are: Advanced Biometrics, Amano Cincinnati, Aware, BIO-Key International, Cognitec Systems, DigitalPersona, Fingertec USA, Fujitsu, GAMASIS, Griaule Biometrics, M2SYS, Nuance Communications, Precise Biometrics, and ZKTeco.
Commenting on the report, an analyst from Technavio’s team said: “One trend which is playing a big role in boosting market growth is the emergence of mobile biometric payments. The use of biometrics technology in the mobile payment industry is increasing following the launch of smartphones such as Samsung S6, which has a fingerprint scanner embedded within the phone’s hardware, and smart mobile devices that are equipped with built-in biometric sensors. The most common biometric technologies used in mobile devices are fingerprint recognition, voice recognition, and facial recognition.”
According to the report, a key growth driver is the increased acceptance of multimodal biometrics. Multimodal biometrics is a combination of two or more biometric technologies used to identify and verify individuals. In certain situations, a single biometric identification system does not match the individual with his or her identity. In such scenarios, multimodal biometrics offers more accuracy as it combines two or more biometric technologies such as fingerprint recognition and facial recognition for secure authentication. These biometric systems are more reliable, secure, and accurate and are capable of avoiding spoofing attacks. These systems are more widely accepted for border control because of their reliance on multiple biometric technologies for identification rather than on a single characteristic.
Further, the report states that one challenge that could hamper market growth is the high cost of biometric systems.
Crossmatch Technologies, 3M Cogent, M2SYS Technology, NEC, Safran, Advanced Biometrics, Amano Cincinnati, Aware, BIO-Key International, Cognitec Systems, DigitalPersona, Fingertec USA, Fujitsu, GAMASIS, Griaule Biometrics, M2SYS, Nuance Communications, Precise Biometrics, ZKTeco.
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