Biometrics System Market : Global Industry Analysis, Size, Trends, Forecast 2016-2022 |Brisk Insights

According to a recently published report, the Global Biometric Systems Market is expected to grow at the CAGR of 19% during 2015-2022. The report segments the global biometric systems market on the basis of authentication type, functions, applications and geography.

The report titled Global Biometric Systems market forecast, 2015-2022 (by authentication type, functions, applications and geography) provides detailed overview and predictive analysis of the market.

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The rising focus of the governments to develop smart security solutions are the major opportunities for the growth of biometrics market. Increased demand for security systems has marked the significant growth in the biometric technology market. Moreover, the demand for biometric systems has grown rapidly in both public and private sector applications such as government, consumer electronics, and home security and so on are boosting the market growth. Also the adoption of cloud technologies to manage the database of biometric systems are creating huge opportunity. This will ultimately help the manufacturers to reduce the cost of biometric systems.

However, the adoption is certainly growing at slower pace due to raising concern for various security issues and privacy intrusions by implementation of these technologies. The report discusses various case studies covering the security concerns with biometric systems. Also high cost of biometric devices is restraining the adoption for home security which is a major challenge for the market. However, companies are making efforts to reduce the cost of these systems.

The report covers the major players in the biometrics systems market such as Safran SA, NEC Corporation, 3M Cogent Inc., Fujitsu Ltd., Suprema Inc., Cross Match Technologies , Fulcrum Biometrics, Thales SA, Bio-Key International Inc., Precise Biometrics AB, and Secunet Security Networks AF and so on....