Monday 6 February 2017

Market Outlook : Multi-modal Biometrics Market Globally Grow at a CAGR of 15.49% by Revenue During the Period 2017-2020

Researchmoz added Most up-to-date research on "Global Multi-modal Biometrics Market 2016-2020" to its huge collection of research reports.

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, such as fingerprint, facial recognition, or voice recognition, can be used to prevent unauthorized access to ATMs, healthcare databases, mobile devices, and different online and offline applications. A number of airports have implemented multimodal biometric access control systems to prevent entry of unauthorized individuals into sensitive areas. The use of multimodal biometrics in the government sector can replace driving licenses, social security cards, welfare registrations, and the existing electoral polling methods. Access to restricted areas such as theaters, stadiums, exam control rooms, and scientific laboratories can be controlled. Access control systems integrated with fingerprint biometric technology can be used for both forensic applications such as cross-border control and civil applications such as voter authentication.

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

Covered :
The report covers the present scenario and the growth prospects of the global multimodal biometrics market for 2016-2020. To calculate the market size, the report considers the report considers the revenue generated from the sales of multimodal biometric systems

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Segments based on geography:
North America
Europe
APAC
Latin America
MEA

Technavio's report, Global Multimodal Biometrics Market 2016-2020, 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.

Key vendors
BioID
IriTech
M2SYS
NEC
Safran

Other prominent vendors
3M Cogent
4G Identity Solutions
Crossmatch
Fujitsu
ImageWare Systems
Suprema
ZKTeco

Key driver
Implementation of bring-your-own-device policy
For a full, detailed list, view our report

Key challenge
Privacy issues
For a full, detailed list, view our report

Key trend
Emergence of multimodal biometrics in education sector
For a full, detailed list, view our report

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