TMCnet News

Global Multi-modal Biometrics Market to Grow 15.49% by 2020 - Key Vendors are BioID, IriTech & Safran - Research and Markets

[April 25, 2016]

Global Multi-modal Biometrics Market to Grow 15.49% by 2020 - Key Vendors are BioID, IriTech & Safran - Research and Markets

Research and Markets has announced the addition of the "Global Multi-modal Biometrics Market 2016-2020" report to their offering.

The analysts forecast the global multimodal biometrics market to grow at a CAGR of 15.49% during the period 2016-2020.

Multimodal biometrics is being implemented in a number of sectors such as the healthcare, BFSI, transportation, automotive, and government for controlling access to secure premises and authenticating individuals. Multimodal biometrics, which is an integration of a number of biometric technologies, can be used to prevent unauthorized access to different online and offline applications.

One of the major trends affecting the market is the implementation of multimodal biometrics for controlling access to secure premises in the education sector. Educational institutions are using biometric technologies such as finger vein and fingerprint recognition to ensure authorized access to different online and offline applications. Multimodal biometrics is also being used to control unauthorized access to restrcted areas such as exam control rooms and science labs.

According to the report, with the emergence of mobile biometrics, the multi-modal biometrics market will have a positive outlook in the coming years. The increasing adoption of mobile devices across different sectors like healthcare, government, enterprises, BFSI, and transportation sectors is prompting the use of multi-modal biometrics for securing access to data on mobile devices.

Further, the report states that the adoption of multimodal biometrics in organizations is giving rise to privacy issues. Multimodal biometrics involves the use of an individual's biometric features to gain access to confidential data and secure premises.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market description

PART 06: Market landscape

PART 07: Life cycle analysis

PART 08: Market opportunities and developments

PART 09: Market segmentation by technology

PART 10: Geographical segmentation

PART 11: Buying criteria