TMCnet News
Biometrics Market in North America 2016-2020 - Key Vendors are NEC, Safran & 3M Cogent - Research and MarketsResearch and Markets has announced the addition of the "Biometrics Market in North America 2016-2020" report to their offering. The report forecasts the biometrics market in North America to grow at a CAGR of 12.28% during the period 2016-2020. The report 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 over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend which is playing a big role in boosting market growth is the emergence of mobile biometric payments. The use of biometrics technology in the mobile payment industry is increasing following the launch of smartphones such as Samsung (News - Alert) S6, which has a fingerprint scanner embedded within the phone's hardware, and smart mobile devices that are equipped with built-in biometric sensors. The most common biometric technologies used in mobile devices are fingerprint recognition, voice recognition, ad facial recognition. According to the report, a key growth driver is the increased acceptance of multimodal biometrics. These biometric systems are more reliable, secure, and accurate and are capable of avoiding spoofing attacks. These systems are more widely accepted for border control because of their reliance on multiple biometric technologies for identification rather than on a single characteristic. Further, the report states that one challenge that could hamper market growth is the high cost of biometric systems. Key vendors: 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 opportunities PART 07: Market landscape PART 08: Market segmentation by technology PART 09: Market segmentation by end-user PART 10: Market segmentation by application PART 11: Biometrics market in US PART 12: Biometrics market in Canada PART 13: Buying criteria PART 14: Market drivers PART 15: Impact of drivers PART 16: Market challenges PART 17: Impact of drivers and challenges PART 18: Market trends PART 19: Vendor landscape PART 20: Vendor analysis PART 21: Key vendor analysis For more information visit http://www.researchandmarkets.com/research/rwp5vw/biometrics_market View source version on businesswire.com: http://www.businesswire.com/news/home/20160627006018/en/ |
