Next Generation Biometrics – Finding Application in e-Passports
A
new study by Transparency Market Research (TMR), titled “Next
Generation Biometrics Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024,” states that the growing
usage of next generation biometric technology in restricting illegal
entry is driving this market significantly. Apart from this, the
rising trend of e-passports
and its increasing application in
criminal identification
also fueling the demand for next generation biometrics in the global
arena.
On
the contrary, the high cost incurred on the installation and
maintenance of next generation biometric systems is limiting its
adoption in organizations. The fear of intrusion of privacy is also
discouraging them to deploy these systems, impacting the market’s
growth negatively. However, the rising usage of biometrics in
e-commerce and adoption of cloud-computing in biometric technology
are projected to provide attractive opportunities for the growth of
the worldwide market for next generation biometrics during the
forecast period, states the research report.
The
increasing application of this technology in the travel and
immigration industry, rising penetration of smartphones and tablets,
and the growing need for large-scale surveillances at public places
are also expected to boost the global market for next generation
biometrics in the coming years.
According
to the research study, the market is likely to gain significant
impetus from the rising awareness regarding the benefits offered by
next generation biometric technology such as the accuracy,
interoperability, ease of utilization, a high degree of privacy, and
uniformity across the system. Along with these, this technology also
supports storage of data in the digital format, making it nearly
impossible to decode and restructure.
The
research report studies the global market for next generation
biometrics market on the basis of the type, application, and the
geographical spread of this market. Based on type, the market has
been classified into fingerprint recognition, iris recognition, face
recognition, voice recognition, vein recognition, palm print
recognition, and signature recognition.
On
the basis of application, the research report has categorized the
market into banking and finance, travel and immigration, government,
defense, healthcare, home security, commercial security, electronics,
and other applications.
On
the regional basis, the market has been segmented into Europe, North
America, Asia Pacific, and the Rest of the World in this market
study.
Cross
Match Technologies, RCG Holdings Ltd., ValidSoft UK Ltd., Suprema
Inc., Thales Group, Fujitsu Ltd., 3M, Facebanx, Siemens AG,
Fingerprint Cards AB, Fulcrum Biometrics, and Safran
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