Biometric Spending in the Government Sector – Trends, Forecast & Growth Prospects Unveiled by Technavio

3M Cogent, BioEnable, and Crossmatch are three key vendors highlighted in a new Technavio report

LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global biometric spending market in the government sector, which is expected to grow at a CAGR of more than 14% from 2015-2019.

Biometric spending market segmentation including technology, end-user, and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different technologies, including fingerprint recognition, DNA recognition, iris recognition, facial recognition, voice recognition, and others.

Additionally, analysts have segmented market projections by key geography, and also by end-user, focusing on DoD, DHS, and others.

“There has been an increase in the implementation of 3D facial recognition technology in the government, utilities, military, homeland security, retail, and BFSI sectors. The government sector uses 3D facial recognition technology for passport and visa programs. This rapid emerging trend of 3D facial recognition will drive market growth,” says Faisal Ghaus, Vice President of Technavio.

Biometric spending: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global biometric spending market in the government sector from 2015-2019. To calculate the market size, we considered revenue generated from the sale of biometric solutions including hardware, software, integrated solutions, and services offered in the government sector.

Industry analysis includes:

• Key Vendors:
  • 3M Cogent
  • BioEnable
  • Crossmatch
  • NEC
  • Safran
• Market Growth Drivers:
  • Availability of cost-effective and user-friendly solutions
  • Instances of violent activities in past
• Market Challenges:
  • High cost of biometric systems
  • Vulnerability of biometric systems
• Market Trends:
  • Emergence of 3D facial recognition
  • Mobile biometrics for law enforcement

View the global biometric spending market in the government sector report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the biometrics market:

• Biometrics Market in the United States in Education Sector 2015-2019
• Global Biometrics Market in BFSI Sector 2015-2019

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