[October 19, 2015]

Research and Markets: Global Biometrics Market in BFSI Sector 2015-2019 - Fingerprint Identification, Voice Recognition, Facial Recognition, Vein Recognition, And Iris Recognition

Research and Markets (http://www.researchandmarkets.com/research/hwczsg/global_biometrics) has announced the addition of the "Global Biometrics Market in BFSI Sector 2015-2019" report to their offering.

The global biometrics market in the BFSI sector is forecast to grow at a CAGR of 21.83% during 2014-2019.

The report, Global Biometrics Market in BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

To calculate the market size, the report considers revenue generated from the hardware, software, and integrated solutions segments. The revenue generated from aftersales services is not included in the market size calculation.

According to the report, facial reconition is one of the most user-friendly biometric authentication technologies, which provides a high level of accuracy. The adoption of facial recognition is expected to be high in the BFSI sector with the introduction of 3D facial recognition. 2D recognition technology has already been adopted by the BFSI sector because of its operational ease and low installation cost. 3D recognition technology overcomes the disadvantages of 2D recognition by its complex algorithms, improved 3D imaging devices, and high-level security.

Further, the report states that the biometrics market in the BFSI sector is expected to experience decline in year-over-year growth after 2015 because of its early global adoption among financial institutions like large banks, capital markets, and transaction banking.

The report provides a detailed analysis of the following:

• Technology: fingerprint identification, voice recognition, facial recognition, vein recognition, and iris recognition
• Geography: North America, APAC, Europe, Latin America, and MEA

Key vendors

• 3M (News - Alert) Cogent
• 4G Identity Solutions
• Cross Match Technologies
• FUJITSU
• HID Global
• Safran

Other prominent vendors

• ACTAtek
• BioEnable
• BioID
• EyeVerify
• Face Data
• Fulcrum Biometrics
• Hitachi
• M2SYS Technology
• Nuance Communications (News - Alert)
• TENBIO

For more information visit http://www.researchandmarkets.com/research/hwczsg/global_biometrics

View source version on businesswire.com: http://www.businesswire.com/news/home/20151019006521/en/

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