About emerging biometric technologies
Biometrics is a technology that helps identify individuals on the basis of their physical features or behavioral aspects. It helps provide an extra layer of security to data as biometrics are difficult to forge. It involves verification and identification of both physiological and behavioral traits. Verification is a one-to-one matching process that is used to verify biometric traits of an individual against a particular template in a database. However, identification is a one-to-many matching process where the biometric traits of individuals are matched against all templates in the database to determine identity.There are numerous emerging biometric technologies in the market, the most prominent among which are DNA analysis, keystroke recognition, gait analysis, and EEG/ECG analysis. With advancements in technology, vendors are introducing these technologies in various sectors such as government, education, and healthcare.
Technavio's analysts forecast the global emerging biometric technologies market to grow at a CAGR of 13.37% over the period 2014-2019.
Covered in this report
This report covers the present scenario and growth prospects of the global emerging biometric technologies market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following solutions:
Technavio Announces the Publication of its Research Report – Global Emerging Biometrics Technologies Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Emerging Biometrics Technologies Market: M2SYS, NEC, Safran, ID Control, AuthenWave, Deepnet Security, Motekforce, Qualisys, Tekscan, IMothins, Neurokia and Neurosky
Commenting on the report, an analyst from Technavio’s team said: “With the introduction of new technology, numerous vendors, including pure players, are likely to enter the market and increase the global spread of vendors. This will increase the reach of these emerging technologies in both developed and developing countries. It will ensure a growing awareness among end-users, resulting in an increase in the application base of these technologies.”
According to the report, the healthcare sector is in its nascent stage in terms of adopting biometrics solutions. It is implemented to improve the security of crucial information regarding patients and doctors. Biometrics in healthcare is mostly used for improving hospital management. It is also used for patient and staff verification, and to detect fraud so that privacy of patients can be ensured.
Further, the report states that despite advances in qualities of emerging biometrics technologies, the growth of the market is inhibited due to the lack of standardization of biometrics solutions. High dependence on a non-standard technology is also hindering the market growth.
M2SYS, NEC, Safran, ID Control, AuthenWave, Deepnet Security, Motekforce, Qualisys, Tekscan, IMothins, Neurokia, Neurosky