Next Generation Biometric Technologies Market

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MarketsandMarkets Presents
Next Generation Biometric Technologies Market
worth 13.89 Billion by 2017
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According to a new market research report Next
Generation Biometric Technologies Market Global
Forecast Analysis (2012 2017) published by
MarketsandMarkets (www.marketsandmarkets.com),
the total biometric technologies market is
expected to reach 13.89 billion by 2017, at a
CAGR of 18.7. Browse 148 tables spread through
315 pages and in-depth TOC on Next Generation
Biometric Technologies Market Global Forecast
Analysis (2012 2017).  http//www.marketsandma
rkets.com/Purchase/purchase_report1.asp?id697 Ea
rly buyers will receive 10 customization on
reports. Biometric implies the identification
or authentication of humans by their traits such
as face, fingerprint, voice, iris, palm, DNA, and
signature. Biometric authentication has become
the most important part of security due to
increase in unauthorized immigration, visa
frauds, border intrusion, etc. It has
increasingly getting deployed at all the security
checkpoints of airports, stations, commercial
complex, retail malls, etc. Biometric technology
provides accurate authentication and negligible
margin of duplicity or error.
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This report describes the various types of
biometric technology such as face recognition,
fingerprint recognition, iris recognition, voice
recognition, signature recognition, vein
recognition and DNA recognition that are being
used for different applications. Out of all the
above types, face recognition, fingerprint
recognition and iris recognition are commonly
used in most of the applications. Fingerprint
recognition is the oldest type of biometric
authentication and can be seen at banks, ATMs and
various government offices. The report also
throws light on the various application areas of
biometric technology such as government, banking
and finance, travel and immigration, defense,
consumer electronics, home security, commercial
security, and healthcare. Biometric technology is
slowly spreading across all the industries
wherever security is of the prime concern.
Biometric technology is largely deployed in the
application areas like government, travel and
immigration, banking and finance, and defense.
Government applications cover voting, personal
ID, license, building access, etc. whereas
travel and immigration use biometric
authentication for border access control,
immigration, detection of explosives at the
airports, etc. Banking and finance sector use
biometric authentication for account access, ATM
security, etc.
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Global biometric technology-type and applications
market is expected to reach 13.89 billion by
2017, at an estimated CAGR of 18.7. North
America is the biometric technology market
followed by Europe and APAC. In ROW, Middle East
and Africa are the largest contributors. About
MarketsandMarkets MarketsandMarkets is a global
market research and consulting company based in
the U.S. We publish strategically analyzed market
research reports and serve as a business
intelligence partner to Fortune 500 companies
across the world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. They
cover thirteen industry verticals, including
advanced materials, automotives and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT.
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