Technavio has published a new report on the global biometrics market in the BFSI sector, which is expected to grow at a CAGR of close to 22% from 2015-2019.
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 identification, facial recognition, vein recognition, iris recognition, voice recognition, and others.
Additionally, analysts have segmented market projections by key geography, focusing on North America, Europe, the APAC region, Latin America, and MEA.
This report covers the present scenario and growth prospects for the global biometrics market in the BFSI sector from 2015-2019. To calculate the market size, the report considers revenue generated from hardware, software, and integrated solutions.
Industry analysis includes:
• Key Vendors:
◦ 3M Cogent
◦ Cross Match Technologies
◦ HID Global
◦ 4G Identity Solutions
• Market Growth Drivers:
◦ Increased need to enhance customer experience
◦ Need for BFSI sector to fight against cybercrime
• Market Challenges:
◦ Issues with biometric data security
◦ Compliance with strict data protection regulations
• Market Trends:
◦ Emergence of mobile biometric payments
◦ Adoption of voice biometrics for banking
View the global biometrics market in the BFSI sector report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the biometrics market:
• Biometrics Market in BRIC Countries 2015-2019
• Global Vein Recognition Biometrics Market in BFSI Sector 2015-2019
For data, background and forecasts on BFSI: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).