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Global Biometric in Workforce Management 2015-2019

Global Biometric in Workforce Management 2015-2019

Research scope of the global biometric in workforce management market

Technavios market research analysts predict the global biometric workforce management to record a CAGR of more than 17% from 2015 to 2019. The report considers revenues generated from the sales of biometric solutions, including hardware, software, integrated solutions, and services used by enterprises and government organizations to authenticate and monitor employees. Authentication implies identification and access control for premises and system networks while monitoring includes surveillance, time, and attendance.

The market is mainly driven by the need for organizations to adopt biometric workforce management to replace traditional security systems. These include PINs, ID cards, passwords, and keys that are traditionally used to record clock in and clock out.

Market segmentation of biometrics in workforce management by application

Identification
Access control
Monitoring
Biometric access control systems restricts unauthorized access, thus ensuring safety of employees and mitigating the risk of tampering important data. People are granted access only when their identity is confirmed by the information stored in the database of the enterprise. Access control is the fastest growing segment, predicted to reach a market size of more than USD 5.5 billion during the forecast period.

Global biometric market in workforce management by technology

Fingerprint identification
Facial recognition
Iris recognition
Others
Fingerprint identification accounts for the largest share of this market. Fingerprint technology is the oldest biometric technique, mostly used by organizations worldwide for time and attendance monitoring, and access control. As its accuracy rate is relatively higher, this segment will continue to sustain growth during the forecast period.

Geographical segmentation of the biometric market in workforce management

MEA
Latin America
APAC
Europe
North America
The market share of the North America region is expected to decline by the end of 2019. During the same period, the market share of APAC is estimated to increase on account of high adoption in countries such as China and India. The Europe market will witness higher adoption from Nordic countries such as Denmark and Norway as compared to the UK during the forecast period.

Competitive analysis of the biometric market in workforce management

Vendors in this market are expected to launch multimodal biometrics for time and attendance with combinations such as inbuilt fingerprint as well as finger vein recognition systems within a single device. As multi-modal biometric system saves cost, its demand among end-user industries such as construction will pose an attractive opportunity for the market vendors over the next four years.

Bio Enable
3M
M2SYS Technology
Safran
Suprema
Other prominent vendors in this market include ATS, BioLink Solutions, Biometric Time Clock Systems, Biomatiques Identification Solution, BioSITE Systems, Delaney Secure, Easy Clocking, ePortID, FingerCheck, Fujitsu, HID Global, Iris ID, IriTech, SecurAX, SekureID, Tensor, TimeLabs, and Trac-Tech.

Key questions answered in the report

What are the key factors driving the biometric market in workforce management
What are the key market trends impacting the growth of the biometric market in workforce management
What are the various opportunities and threats faced by the vendors in the biometric market in workforce management
Trending factors influencing the market shares for MEA, Latin America, APAC, Europe, and North America
Key outcome of the five forces analysis on the biometric market in workforce management
Growth forecast of the biometric market in workforce management until 2019
Technavio also offers customization on reports based on specific client requirement.

Related reports

Global Fingerprint Mobile Biometrics Market- Research Report 2015-2019
Biometrics Market in MENA: Research Report, Trends, and Forecast 2015-2019
Global Fingerprint Biometrics Market 2015-2019
Emerging Biometrics Technologies: Global Industry Analysis 2015-2019


Press Release

Technavio Announces the Publication of its Research Report Global Biometric in Workforce management 2015-2019
Technavio recognizes the following companies as the key players in the Global Biometric in Workforce management: Bio Enable, 3M, M2SYS Technology, Safran and Suprema
Other Prominent Vendors in the market are: ATS, BioLink Solutions, Biometric Time Clock Systems, Biomatiques Identification Solution, BioSITE Systems, Delaney Secure, Easy Clocking, ePortID, FingerCheck, Fujitsu, HID Global, Iris ID, IriTech, SecurAX, SekureID, Tensor, TimeLabs, and Trac-Tech.
Commenting on the report, an analyst from Technavios team said: Cloud-based biometric technology utilizes cloud services through a web-based user interface that is either a browser or a mobile application. In this scenario, the biometrics infrastructure of a business is handled by the hosting provider and is available on demand. Biometric infrastructure in the cloud includes the servers that consist of biometric template databases and the processing data that is created during an individual's identification and verification.
According to the report, organizations in various sectors such as government, BFSI, transportation, healthcare, retail, manufacturing, education, and construction are increasingly adopting biometrics in workforce management to increase identification accuracy and security, and to ensure employee productivity and accountability. The major factors driving the organizations to adopt this technology is to replace traditional security systems such as PINs, ID cards, passwords, and keys that are used to clock in and out of the premises and computer networks.
Further, the report states that information can easily be misappropriated and used in fraudulent activities, leading to loss of critical data.

Companies Mentioned

Bio Enable, 3M, M2SYS Technology, Safran, Suprema, ATS, BioLink Solutions, Biometric Time Clock Systems, Biomatiques Identification Solution, BioSITE Systems, Delaney Secure, Easy Clocking, ePortID, FingerCheck, Fujitsu, HID Global, Iris ID, IriTech, SecurAX, SekureID, Tensor, TimeLabs, Trac-Tech.

  • Executive summary
    • Key Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market description
    • Biometric technologies in workforce management
    • Major drivers
    • Advantages and disadvantages of biometrics in workforce management
  • Market landscape
    • Market overview
      • Table Overview of global biometrics market in workforce management
    • Product life cycle of biometric technologies in workforce management
    • Global biometrics market
      • Table Global biometrics market 2014-2019 ($ billions)
    • Global biometrics market in workforce management
      • Table Global biometrics market in workforce management 2014-2019 ($ billions)
  • Market segmentation by application
    • Segmentation of global biometrics market in workforce management by application
      • Table Global biometrics market in workforce management by application 2014-2019
    • Global biometric identification market in workforce management
      • Table Global biometric identification market in workforce management 2014-2019 ($ billions)
    • Global biometric access control market in workforce management
      • Table Global biometric access control market in workforce management 2014-2019 ($ billions)
    • Global biometric monitoring market in workforce management
      • Table Global biometric monitoring market in workforce management 2014-2019 ($ billions)
  • Market segmentation by technology
    • Segmentation of global biometrics market in workforce management by technology
      • Table Segmentation of global biometrics market in workforce management by technology 2014-2019
    • Global fingerprint identification market in workforce management
      • Table Global fingerprint identification market in workforce management 2014-2019 ($ billions)
    • Global facial recognition market in workforce management
      • Table Global facial recognition market in workforce management 2014-2019 ($ billions)
    • Global iris recognition market in workforce management
      • Table Global iris recognition market in workforce management 2014-2019 ($ billions)
  • Market segmentation by end-user
    • Segmentation of global biometrics market in workforce management by end-user
      • Table Segmentation of global biometrics market in workforce management by end-user 2014-2019
    • Global biometrics market in workforce management in government sector
      • Table Global biometrics market in workforce management in government sector 2014-2019 ($ billions)
    • Global biometrics market in workforce management in BFSI sector
      • Table Global biometrics market in workforce management in BFSI sector 2014-2019 ($ billions)
    • Global biometrics market in workforce management in healthcare sector
      • Table Global biometrics market in workforce management in healthcare sector 2014-2019 ($ billions)
    • Global biometrics market in workforce management in transportation sector
      • Table Global biometrics market in workforce management in transportation sector 2014-2019 ($ billions)
  • Geographical segmentation
    • Segmentation of global biometrics market in workforce management by geography
      • Table Segmentation of global biometrics market in workforce management by geography 2014-2019
    • Global biometrics market in workforce management by geography 2014-2019
      • Table Global biometrics market in workforce management by geography 2014-2019 ($ billions)
  • Key market developments
  • Market growth inhibitors
  • Market trends and opportunities
  • Vendor landscape
    • Vendors matrix
    • Description of major vendors
    • Vendor news updates
    • Other prominent vendors
  • Key vendor analysis
    • 3M Cogent
      • Table 3M Cogent: Business segmentation 2014
      • Table Business segmentation by net sales 2013 and 2014
    • BioEnable
    • M2SYS Technology
    • Safran
      • Table Safran: Business segmentation by revenue 2014
      • Table Safran: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Safran: Geographical segmentation by revenue 2014
    • Suprema
      • Table Suprema: Product segmentation
      • Table Suprema: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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