Global Biometric in Workforce Management Key Trends, Size, Growth, Shares and Forecast Research Report 2015-2019

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Researchmoz added Most up-to-date research on "Global Biometric in Workforce Management 2015-2019" to its huge collection of research reports.

Technavios market research analysts predict the global biometric workforce management to record a CAGR of more than 17% from 2015 to 2019. The report considers revenues generated from the sales of biometric solutions, including hardware, software, integrated solutions, and services used by enterprises and government organizations to authenticate and monitor employees. Authentication implies identification and access control for premises and system networks while monitoring includes surveillance, time, and attendance.

The market is mainly driven by the need for organizations to adopt biometric workforce management to replace traditional security systems. These include PINs, ID cards, passwords, and keys that are traditionally used to record clock in and clock out.

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Market segmentation of biometrics in workforce management by application

Identification

Access control

Monitoring

Biometric access control systems restricts unauthorized access, thus ensuring safety of employees and mitigating the risk of tampering important data. People are granted access only when their identity is confirmed by the information stored in the database of the enterprise. Access control is the fastest growing segment, predicted to reach a market size of more than USD 5.5 billion during the forecast period.

Global biometric market in workforce management by technology

Fingerprint identification

Facial recognition

Iris recognition

Others

Fingerprint identification accounts for the largest share of this market. Fingerprint technology is the oldest biometric technique, mostly used by organizations worldwide for time and attendance monitoring, and access control. As its accuracy rate is relatively higher, this segment will continue to...