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- Next Generation Biometric Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Biometrics as a character is a measurable biological and behavioural characteristic that can be used for automated recognition and as a process it encompasses automated methods of recognising an individual based on measurable biological and behavioural characteristics. Verification of behavioural characteristics such as the face, fingerprint, iris, voice palm, vein, signature, and DNA. New generation biometric has a broad application in government and travel & immigration.
Next Generation Biometric Market Segments Size & Growth:
Next Generation Biometric Market is expected to increase by a $ 24.9 billion by 2024 at a CAGR of 17%. Increasing growth towards E-Passport program and the initiatives taken by the government are the key drivers for the growth of next generation market. However, current growth in this market is due to the fear of privacy invasion. Popularity in this market is due to the biometric characteristics such as fingerprint, hand, the face cannot be lost or easily forged.
Next Generation Biometric Market Segments Share:
Next Generation Biometric market is segmented into the type of solution which includes voice recognition, IRIS recognition, signature recognition, face recognition, fingerprint recognition and others. Among these fingerprint recognition holds the most significant share due to its use as a permanent identification in law enforcement and its samples can be collected efficiently. Face and IRIS recognition are the second most used technologies.
Based on the End-user, Next generation biometric is Travel & immigration, Healthcare, Consumer Electronics, Defence, Home security and finance and banking. Finance and banking travel & immigration has the most significant share and growth. Based on geography, North America holds the largest growing market due to the presence of many finances and industrial growth in this region. The Asia Pacific holds the fastest increase due to the investments in this region are more significant especially in countries like China and Japan.
Next Generation Biometric Market Trends:
- Criminal justice community with the world’s largest and most efficient electronic repository of biometric and criminal history information was provided by the Next Generation Identification (NGI),
- Smart Phones to include the sensors for the iris, face and fingerprint recognition.
- Companies that wish to limit access to their data centres may turn to biometrics as a more secure means compared with keys (or key cards) and passwords.
- By the time it’s fully operational, NGI will serve as a massive data storehouse of ‘iris scans, photos searchable with a face, palm prints, recognition technology, tattoos and voice recordings alongside records of fingerprints, scars.
Next Generation Biometric Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Cross Match technologies
- Fingerprint Cards AB
- 3M Cogent, Inc
- Siemens AG
- Fujitsu Ltd
- Facebanx
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Government Initiatives
4.1.2 Increasing use of biometric technology in financial institutions and healthcare sectors
4.1.3 Adoption of biometrics in smartphones
4.2 Restraints
4.2.1 High initial investment costs
4.2.2 Fear of privacy invasion
4.3 Opportunities
4.3.1 Adoption of Biometric technology in cloud computing
4.3.2 Use of biometric technology in E-commerce
4.4 Challenges
4.4.1. Fear of privacy
4.4.2 Security for biometric data
Chapter 5 Next Generation Biometric Market – By Type of Solution
5.1 Voice Recognition
5.2 IRIS Recognition
5.3 Signature Recognition
5.4 Face recognition
5.5 Fingerprint recognition
5.6 Others
Chapter 6 Next Generation Biometric Market – By End-User
6.1 Travel & Immigration
6.2 Healthcare
6.3 Consumer electronics
6.4 Defence
6.5 Home Security
6.6 Finance and Banking
Chapter 7 Next Generation Biometric Market – By Geography
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.2.4 Others
7.3 Europe
7.3.1 U.K.
7.3.2 Germany
7.3.3 France
7.3.4. Italy
7.3.5 Spain
7.3.6 Others
7.4 Asia Pacific
7.4.1 China
7.4.2 India
7.4.3 Japan
7.4.4 South Korea
7.4.5. Australia & New Zealand
7.4.6. Others
7.5 South America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Others
7.6. Middle East & Africa
7.6.1 Middle East
7.6.2. Africa
7.6.3 Others
Chapter 8 Next Generation Biometric Market – Company Profiles
8.1. Cross Match technologies
8.2 Fingerprint Cards AB
8.3 3M Cogent, Inc
8.4. Siemens AG
8.5. Fujitsu Ltd
8.6. Facebanx
8.7. Fulcrum Biometrics
8.8. Thales Group
8.9. RCG Holdings Limited
8.10. Suprema AG
8.11. ValidSoft UK Ltd.
8.12. Safran SA
8.13. Bio-Key International, Inc
8.14. Daon, Inc
8.15. Cognitec Systems Gmbh
Chapter 9 Next Generation Biometric Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Biometrics as a character is a measurable biological and behavioural characteristic that can be used for automated recognition and as a process it encompasses automated methods of recognising an individual based on measurable biological and behavioural characteristics. Verification of behavioural characteristics such as the face, fingerprint, iris, voice palm, vein, signature, and DNA. New generation biometric has a broad application in government and travel & immigration.
Next Generation Biometric Market Segments Size & Growth:
Next Generation Biometric Market is expected to increase by a $ 24.9 billion by 2024 at a CAGR of 17%. Increasing growth towards E-Passport program and the initiatives taken by the government are the key drivers for the growth of next generation market. However, current growth in this market is due to the fear of privacy invasion. Popularity in this market is due to the biometric characteristics such as fingerprint, hand, the face cannot be lost or easily forged.
Next Generation Biometric Market Segments Share:
Next Generation Biometric market is segmented into the type of solution which includes voice recognition, IRIS recognition, signature recognition, face recognition, fingerprint recognition and others. Among these fingerprint recognition holds the most significant share due to its use as a permanent identification in law enforcement and its samples can be collected efficiently. Face and IRIS recognition are the second most used technologies.
Based on the End-user, Next generation biometric is Travel & immigration, Healthcare, Consumer Electronics, Defence, Home security and finance and banking. Finance and banking travel & immigration has the most significant share and growth. Based on geography, North America holds the largest growing market due to the presence of many finances and industrial growth in this region. The Asia Pacific holds the fastest increase due to the investments in this region are more significant especially in countries like China and Japan.
Next Generation Biometric Market Trends:
- Criminal justice community with the world’s largest and most efficient electronic repository of biometric and criminal history information was provided by the Next Generation Identification (NGI),
- Smart Phones to include the sensors for the iris, face and fingerprint recognition.
- Companies that wish to limit access to their data centres may turn to biometrics as a more secure means compared with keys (or key cards) and passwords.
- By the time it’s fully operational, NGI will serve as a massive data storehouse of ‘iris scans, photos searchable with a face, palm prints, recognition technology, tattoos and voice recordings alongside records of fingerprints, scars.
Next Generation Biometric Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Cross Match technologies
- Fingerprint Cards AB
- 3M Cogent, Inc
- Siemens AG
- Fujitsu Ltd
- Facebanx
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Government Initiatives
4.1.2 Increasing use of biometric technology in financial institutions and healthcare sectors
4.1.3 Adoption of biometrics in smartphones
4.2 Restraints
4.2.1 High initial investment costs
4.2.2 Fear of privacy invasion
4.3 Opportunities
4.3.1 Adoption of Biometric technology in cloud computing
4.3.2 Use of biometric technology in E-commerce
4.4 Challenges
4.4.1. Fear of privacy
4.4.2 Security for biometric data
Chapter 5 Next Generation Biometric Market – By Type of Solution
5.1 Voice Recognition
5.2 IRIS Recognition
5.3 Signature Recognition
5.4 Face recognition
5.5 Fingerprint recognition
5.6 Others
Chapter 6 Next Generation Biometric Market – By End-User
6.1 Travel & Immigration
6.2 Healthcare
6.3 Consumer electronics
6.4 Defence
6.5 Home Security
6.6 Finance and Banking
Chapter 7 Next Generation Biometric Market – By Geography
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.2.4 Others
7.3 Europe
7.3.1 U.K.
7.3.2 Germany
7.3.3 France
7.3.4. Italy
7.3.5 Spain
7.3.6 Others
7.4 Asia Pacific
7.4.1 China
7.4.2 India
7.4.3 Japan
7.4.4 South Korea
7.4.5. Australia & New Zealand
7.4.6. Others
7.5 South America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Others
7.6. Middle East & Africa
7.6.1 Middle East
7.6.2. Africa
7.6.3 Others
Chapter 8 Next Generation Biometric Market – Company Profiles
8.1. Cross Match technologies
8.2 Fingerprint Cards AB
8.3 3M Cogent, Inc
8.4. Siemens AG
8.5. Fujitsu Ltd
8.6. Facebanx
8.7. Fulcrum Biometrics
8.8. Thales Group
8.9. RCG Holdings Limited
8.10. Suprema AG
8.11. ValidSoft UK Ltd.
8.12. Safran SA
8.13. Bio-Key International, Inc
8.14. Daon, Inc
8.15. Cognitec Systems Gmbh
Chapter 9 Next Generation Biometric Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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