Biometrics Services Market: Size and Forecast, 2015 - 2020 by Future Market Insights

Global Biometrics
Services Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 - 2020

Future Market Insights

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ReportDescription
Report Description
Growing concerns of security, and threat of life has developed a need for safe and secure
environment. The safety concerns has industrialized a biometrics safety system. Keeping safety
on the top, biometrics systems are used across several industries such as banking, hospitality,
defense, government, healthcare, consumer electronics, home safe and safety, transport, and
commercial safety and security. Before introducing the biometrics system in the practice,
tradition methods such as personal identification cards, passwords or keys, and magnetic cards
were used for verifying the identity of a person, which can be easily theft or stolen. Whereas,
biometrics system identifies a person on the basis of individual’s face, fingerprints, signature,
iris, DNA, and typing rhythms. Therefore, the biometrics system is considered to be the most
convenient solution. These unique features such as easy to measure, permanent, easy to use,
and secured information system will drive the demand for biometrics system. The global
biometrics market was value at US$ 6,357.7 MN in 2012, and is expected to witness double-digit
growth rate by 2019.
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The global biometrics system market is driven by factors such as security concerns due to
increasing crimes and terror attacks, unique and simple features of biometrics system.

ReportDescription
Report Description
On the other hand, unreliability and high cost involvement for the biometrics technologies
implementation will decelerate the growth of the global biometrics system market in the near
future. However, development of multimodal biometrics solution will further enhance the
biometrics...