Global Biometrics Technology Market Is Expected to Exceed Usd 23 Billion by 2019

Transparency Market Research

Biometrics Technology Market - Global Industry Analysis Size Share Growth Trends and Forecast 2013 - 2019

Published Date 24-April-2014

117 Page Report

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Global Biometrics Technology Market is Expected to Exceed USD 23 Billion by 2019: Transparency Market Research

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Biometrics Technology Market

REPORT DESCRIPTION

Biometrics Technology Market - Global Industry Analysis Size Share Growth Trends and Forecast 2013 - 2019 According to a new market report published by Transparency Market Research "Biometrics Technology (Face, Hand geometry, Voice, Signature, Iris, AFIS, Non-AFIS and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market is expected to reach a value of USD 23.3 billion by 2019, at a CAGR of 20.8% from 2013 to 2019. Increasing security concerns due to the rising terror attacks and crimes have created a need for high level security. In addition, the rising government initiatives such as e-passport, national identification programs etc. and various border control projects such as European Dactyloscopy (EURODAC), Visa Information Systems (VIS) and new generation Schengen Information System (SIS II) have helped to boost the biometrics technology market. However, privacy concerns and high cost of biometrics system may hinder the growth of this market. Furthermore, increasing usage of multimodal biometrics to enhance the security level is expected to create huge opportunities for this market in the upcoming years. Browse the full report at with complete TOC http://www.transparencymarketresearch.com/biometricstechnology-market.html By application type, the non-AFIS biometrics systems accounted for largest revenue share of 41.40% of the...