In today’s hyper-connected and digital world, authentication and access control systems are constantly evolving to ensure robust security. As security threats are becoming stronger, traditional password identification number (PIN) for authentication is no longer effective. Advance biometric systems are helping organizations in enhancing security for buildings and infrastructures.
Several organizations, especially from banking and financial services industries, are looking at multi-factor biometrics including fingerprint, facial, voice, retina, and heartbeat for authentication. Biometrics suppliers are also designing solutions tailored according to industry requirements and as per local and international laws and standards.
According to Quadrant Knowledge Solutions latest research on “Biometric Systems Market Research Outlook” the market is expected to grow at a CAGR of 22.8% from 2016-2020. Global Biometric System market size is estimated to reach $21.11 Billion by 2020. Increasing urbanization, emergence of mega cities, corridors, and smart cities initiatives is expected to drive the market for advance biometrics. In additions, government organizations across the regions are increasingly investing in advance biometric systems in border control and national security application.
Global Biometric System market research service is a part of Quadrant’s Building Technologies sector. This research service provides strategic insights, market forecast, market share, and detailed market opportunities of global biometrics market.
The study covers detailed market analysis of various biometric systems including Finger Print, Face, Palm Print, Voice, Iris Scan and such others. On industry verticals, the study covers detailed analysis of government & defense, healthcare, banking and financial services, consumer electronics, industrial, and such others.
Keywords: Biometrics, Biometric Systems, Finger Print Recognition, Voice Recognition, Palm Print, Iris Scan, Retina Scan, Facial Recognition, Market Research, Market Size, Market Share, Market Forecast, Competitive Strategy
About Quadrant Knowledge Solutions
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At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environment.
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