The purpose of the report is to illustrate the state of the market of Biometric Technology, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The biometrics technologies are classified into face recognition, hand geometry recognition, voice recognition, signature recognition, iris recognition, automated fingerprints identification systems (AFIS), non-AFIS and others. Non-AFIS systems accounted for the majority of revenue share in 2012 as they are less expensive and convenience than other biometrics technologies. Iris recognition systems are expected to see the fastest growth as they offer higher level of security and stability. Hand geometry systems is also expected to see a significant growth through the forecast period with its increasing adoption in business organization for attendance management application
Some major players in this industry include Morpho SA (Safran), NEC Corporation, 3M Cogent, BIO-Key International, Inc., Fujitsu Limited and Siemens AG.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Biometric Technology buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Biometric Technology contains:
Analysis and forecast of Biometric Technology market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Biometric Technology market;
Assessment and forecast of Biometric Technology market development;
Financial and business profiles of the leading companies in the Biometric Technology industry.
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– Up to date working Biometric Technology data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Biometric Technology for the period 2018 to 2026
– Planned Biometric Technology additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Biometric Technology projects by region, key countries, and companies
– Details of major planned Biometric Technology projects in the world up to 2026
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