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Biometric Technology Market

Biometrics is the scientifc technology used or authentication and verifcation.

Biometrics measure and analyse biological (anatomical and physiological) and

behavioural characteristics or authentication and identifcation purpose. Widely

used such characteristics are as fngerprints, DNA, hand measurements, eyeretinas and irises, voice patterns, acial patterns, vein and signature patterns etc.

Biometric identity verifcation is more accurate as compared to various other

conventional authentication methods as the biometric identifers are uniue to

individuals. Also, biometrics is di!cult to orge. "overnments across the #orld

are ta$ing the initiative to adopt biometrics in various felds. %&tensive use o 

biometric technologies or airport securities, to ensure authorised building

access, introduction o e'passport, use o biometrics in criminal identifcation,

increased demand in automobiles and smartphones are e# o the actors that

are spurring the gro#th o biometrics technology mar$et.  t is e&pected thatbiometric technology mar$et #ill gro# up to *+.+ Billion by **, at a -A" o 

/0.12 bet#een */3 and **.

4verall biometrics system mar$et is categorised into various segments based on5

 6echnology5 4n the basis o technology, various segments that biometrics

mar$et is divided into include fngerprints recognition, iris recognition, ace

recognition, hand geometry recognition, DNA recognition, voice recognition and

others. 7ingerprint recognition or the verifcation purpose accounts or ma8ority

o the mar$et share in overall biometrics technology mar$et.

 Application5 By application, the mar$et is segmented as government, military

and deence, security, travel and immigration, ban$ing and fnance, healthcare

and others. 4ut o these, travel and immigration is leading application or the

mar$et.

"eography5 "eographically, biometric mar$et is segmented into North America,

%urope, Asia'9acifc (A9A-) and oW. A9A- (-hina, :apan, ndia and ;outh <orea)

is a ma8or segment or the mar$et and is e&pected to gro# at -A" o /=.12

bet#een */3 and **.

Biometric technology mar$et is urther segmented on the basis o unctioning ascontact and non'contact biometric technologies. >ar$et or the contact less

biometric technologies is booming o#ing primarily to the hygiene actors,

particularly in the healthcare domain.

<ey players in the biometric technology mar$et include ;aran ;A (7rance), ?>

-ogent nc. (@.;.), N%- -orporation (:apan), 7u8itsu td. (:apan), -ross >atch

 6echnologies (@.;.), 6hales ;A (7rance), 7ulcrum Biometrics (@.;.), Bio'$ey

nternational, nc. (@.;.), ;uprema nc. (;outh <orea), 9recise Biometrics AB

(;#eden), and ;ecunet ;ecurity Net#or$s A" ("ermany).

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