DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f5n57m/biometrics_market) has announced the addition of the "Biometrics Market in Europe 2014-2018" report to their offering.
The Biometrics market in Europe will grow at a CAGR of 17.25% during the period 2013-2018.
Biometrics is a technology which helps to assess individuals on the basis of their physical or behavioral patterns. It involves the verification and identification of both physiological traits such as fingerprints, face recognition, DNA, palm print, hand geometry, and iris recognition, and behavioral traits such as keystroke patterns and speech pattern/voice recognition. The data derived are then used for security and authentication purposes, as it is difficult to forge biometric data. Biometrics is mainly used for law enforcement, banking authentication, and providing physical access. It helps provide an extra layer of security for data access and individual identification.
According to the report, the growing need for advanced security in the Government sector is one of the drivers in this market. Government departments such as intelligence, defense, finance, and military are the major users of facial recognition technology. To secure their perimeter, government departments of various countries have installed stronger security measures, including biometric security solutions. In recent years, the Government sector has been the major contributor of revenue for the market.
Further, the report states that one of the key challenges in the market is the strong competition it faces from inexpensive non-biometric technologies. The presence of low-cost alternative technologies such as swipe cards, token-based two-factor authentication, and software authentication is a major challenge affecting the growth of the Biometrics market in Europe.
Key Vendors
- 3M Cogent Inc.
- Cognitec Systems GmbH
- NEC Corp.
- Safran SA
Other Prominent Vendors
- Animetrics Inc.
- Aware Inc.
- BIO-Key International Inc.
- Biometix Pty Ltd.
- Cross Match Technologies Inc.
- DigitalPersona Inc.
- Fujitsu Ltd.
- Lumidigm Inc.
- M2SYS LLC
- Siemens AG
- Suprema Inc.
- ZKTeco Inc.
Key Topics Covered:
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Description
- Market Landscape
- Market Segmentation by Technology
- Market Segmentation by Application
- Market Segmentation by End-users
- Key Leading Countries
- Biometrics Market in UK
- Biometrics Market in Germany
- Biometrics Market in France
- Biometrics Market in Italy
- Biometrics Market in Poland
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/f5n57m/biometrics_market
