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Global Government Biometrics Market 2017-2027 - Research and MarketsThe "Global Government Biometrics Market 2017-2027" report has been added to Research and Markets' offering. Global government biometrics market will value US$4.3 Billion in 2017 and reach US$7.9 Billion in 2027, registering a CAGR of 6.37% over the forecast period (2017-2027). The cumulative market for global expenditure will reach US$62.8 Billion over the same period. The market demand is primarily driven by increasing demand for e-Governance services worldwide, growing reliance on biometrics for identity verification and the availability of suppliers that are capable of delivering low cost effective biometric systems. Fingerprint recognition segment is expected to account for 36.4% of the market owing to its large scale implementation in various government projects across the globe. Fingerprint recognition segment is followed by the facial recognition segment, with a share of 31.0%. Iris/retinal identification, signature recognition, and other technologies account for 14.7%, 10.8%, and 7.0% of the total market share respectively. North Ameria will continue to dominate the Government Biometric market, with a 47.9% share of the market's revenues over the forecast period, followed by the Asia-Pacific with a share of 18.0%, and Europe with 16.3%. The Middle East is projected to become a highly attractive market for Government Biometric due to the volatility of political conditions and the ongoing threat of terrorism. It is set to account for a share of 8.0%, followed by Latin America and Africa with a collective share of 9.8%. Key Topics Covered:
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For more information about this report visit https://www.researchandmarkets.com/research/j9222k/global_government
View source version on businesswire.com: http://www.businesswire.com/news/home/20171004006031/en/ |
