Saudi Arabia Biometric Systems Market Forecast and Opportunities, 2020
Saudi Arabia biometric systems market is one of the fastest growing markets in the Middle East. Growing need for authentication & verification, and government regulations & initiatives mandating use of biometric technologies are the key factors driving biometric systems market in the country. Moreover, increasing focus on providing more secure environment, reducing human errors in time & attendance, and maintenance of biometric database for every expatriate and immigrant, is driving physical verification of individuals across different verticals, which includes extensive use of biometric devices. Expanding use of multi-modal biometric systems, adoption of new technologies, and anticipated decline in average selling prices, are projected to further escalate the demand for biometric devices in the country over the forecast period.
According to “Saudi Arabia Biometric Systems Market Forecast & Opportunities, 2020”, biometric systems market in Saudi Arabia is projected to grow at over 22% CAGR through 2020. This high growth is attributed to the surging demand for better biometric technologies in the country, from government, BFSI, Consumer Electronics, and energy (specifically oil & gas) sectors. Further, use of biometric mobile applications is a major trend emerging in Saudi Arabia biometric systems market, aimed at providing a more secure environment for e-commerce and mobile banking. Saudi Arabia biometric systems market, which includes manufacturing and supply of biometric devices, is majorly dominated by global players, such as Morpho Safran, ZK Technlogy, and Suprema, among others. “Saudi Arabia Biometric Systems Market Forecast & Opportunities, 2020” discusses the following aspects of the biometric system market in Saudi Arabia:
Saudi Arabia Biometrics Market Size, Share & Forecast
Segmental Analysis - By Type & Application
Policy & Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
To gain an in-depth understanding of biometric systems market in Saudi Arabia
To identify the on-going trends, and anticipated growth over the next five years
To help industry consultants, biometric device manufacturers and distributors align their market-centric strategies
To obtain research-based business decisions and add weight to presentations and marketing material
To gain competitive knowledge of leading market players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with biometric device manufacturers and suppliers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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1. Morpho Safran Group 2. ZK Technology FZCO 3. Suprema, Inc. 4. Aware, Inc. 5. HID Global Corporation 6. NEC Saudi Arabia Limited 7. Precise Biometrics AB 8. IrisGuard Inc. 9. M2SYS Technology 10. 3M Cogent, Inc.