Next Generation Biometrics Market Trends and Strategic Focus Report by IndustryARC

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Next Generation Biometrics Market Forecast (2015 - 2020)


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Next Generation Biometrics Market Analysis by Type of Authentication

(Single Factor, Multi-Factor, Multi-Modal); Biometric Type (IRIS, Face,

Fingerprint, Vein); By Application (Banking, Government, Consumer

Electronics, Retail) - Forecast (2015 - 2020)

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Biometrics is the measurement of physiological traits such as finger print, voice, face, iris, and so on. Biometric devices are pattern recognition systems which use the mathematical algorithms to identify and authenticate an individual by measuring and analyzing the already fed biometric data of those individual traits. These are reliable and accurate than any other security devices owing to the non-duplicity of the individual traits.


Next Generation Biometrics Market Overview



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According to IndustryARC, the Next Generation Biometrics Market was $5.9 Billion in

2014 and is growing at a healthy CAGR of 22% during the forecast period 2015-2020.

Clearly, the increasing demand for security across all regions of the world along with

convenience in a cost effective device is the key driver for the market.

Next Generation Biometrics Market for developed economies such as American regions

and Europe was high in 2014. These regions continue to showcase higher adoption of

biometrics in the period 2015-2020.

Next Generation Biometrics Market Estimations


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Market Revenue




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Key Factors that drive adoption of biometrics in any industry are Security,

Convenience and Cost. Moreover, the need for unique credentials to authenticate an

individual that are less prone to theft or loss is facilitating the shift from traditional

techniques to biometrics.

Next Generation Biometrics Market Driving Factors




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The Next Generation Biometrics Systems Market is a compact Industry and segmented into

3 types based on the following factors:

By Type: Single Factor Authentication and Multi Factor Authentication

By Application: Banking, Healthcare, Hospitality, Retail, Gaming, Consumer Electronics,

Enterprises &Corporations and Others.

By Geography: Americas, APAC and ROW.

Each of these above segmentations is split into further sub segments like: IRIS, Fingerprint,

Face, and Pin etc.

Next Generation Biometrics Market Segmentation




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Key Players are studied in depth in this Market Research Report. Few notable

companies are:

Morpho (France)

NEC Corporation (Japan)

3M Cogent Inc. (U.S)

Synaptics Inc. (U.S

Fingerprint Cards AB (U.S)

Other Key Players are

Suprema Inc. (Korea)

Cross match Technologies (U.S)

RCG holding Ltd.

Fujitsu Inc. (Japan), and so on

Key Market Players of Next Generation Biometrics Market


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RESEARCHOur research experts bring in more than 20 years of rich experience in various industries

ANALYTICSWith our Business & Strategic analytic solutions we help companies take decisions by keeping them up to date about day to day sales of their products, competitors analysis, risk factors and operational environment.

CONSULTINGOperational efficiency and strategies can benefit a great deal from our business consulting services. It allows companies to create newer business models and embrace advanced technologies.

INDUSTRY KNOWLEDGEApart from the in-house databases, we have access to more than 10 premium industry databases which regularly updates us with the day to day industry trends and investment opportunities.

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We map your specific role and requirement to our offerings and provide

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Analytical Method Base Model Consolidated Model Delphi Verification Base Method Consolidation Method

1. Granular breakdown of drivers into factors2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms of their relevance & impact on the market. 4. Build the

1. Get a top down Estimate of the market2. Follow it up with a bottom up estimate of the market. 3. Check for consistency and new growth factors that that are relevant over the next 10 Years4. Build the

1.Granular breakdown of the drivers into factors2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms or their relevance & impact on the market. 4. Build the

1. Verify the findings of the model with experts from across the value chain.2. Verify the findings with players across small and large enterprises3. Tweak the model and add new factors4. Finalize the

Base model Consolidated Model ARC Model

OUR PROPRIETARY MODELS DERIVED FROM OUR ROBUST PROCESSES ENSURE HIGH ACCURACY

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Analytical Model


THE ARC PROCESS

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Next Generation Biometrics Market Trends and Strategic Focus Report by IndustryARC

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