biometric pdf
TRANSCRIPT
Next Generation Biometric Market
Opportunities and Forecasts,2014 – 2021
• Biometric is well known for its metrics application in human characteristics .
• Biometric authentication which is used in computer science , well known as “Identification and access control”.
• Biometric system have found its versatile use in to security as in Military , government authorities and banking system.
Online banking
• The service offered is to reduce time
• Security is the priority.
Biometric Market
•North America , Asia , Europe , LAMEA
•Already flourishing in India , Singapore, UAE
Future Takes
• Banks are planning to dish out voice biometric system as future use.
• It is expected to generate revenue of $10.72 billion by2022.
World Biometric – Market By Geography
North America, Europe, Asia Pacific, LAMEA
Fingerprint recognition segment dominated the biometric technology market in 2015
Today, new regulations to monitor card payments using finger authentication are introduced
This makes the whole process convenient and secure. The physical biometric segment dominated the market with around
81% share, owing to increasing adoption of fingerprint recognition Finger print technology has also become affordable and thus it is
possible for feasible and reliable user authentication using a fingerprint.
The iris recognition segment is projected to expand at the highest CAGR of around 22%.
Owing to widening applications of iris recognition biometric solutions at vehicle checkpoints, airport security, and for employee identification.
The technology will soon feature in multiple industry verticals in the near future.
The demand coming from the airport security and vehicle checkpoints for iris identification will supplement the growth of the market.
Biometric is not limited to scanning human behavioral covering following aspects: Face recognition , finger Printing , Hand geometry , Iris recognition .
Digitalization has boosted the growth of the market and the trend is here to stay.
The demand coming from the airport security and vehicle checkpoints for iris identification will supplement the growth of the market.
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