Thursday 12 October 2017, Amsterdam
According to this latest report, now available on ASDReports, ‘The Government Biometric market is expected to register a CAGR of 6.37%, to reach US$7.9 billion in 2027. The market consists of five segments: Facial Recognition, Fingerprint Recognition, Signature Recognition, Iris/Retinal Recognition and Other Technologies. The fingerprint identification segment is expected to account for largest share, 36.4% of the market, followed by the facial recognition segment. Currently, North America dominates the sector with a share of 47.9%, followed by Asia-Pacific and Europe.
Drivers
- Government and law enforcement projects to boost demand for biometric systems
- Technological upgrades and advancements acting as a key driver for spending on the market
Trends
- Biometric ID cards continue to replace conventional identity cards world-wide
- Multimodal biometrics are more in demand over Unimodal biometrics
- Governments use of biometrics to secure borders to foster demand
- Mobile Biometrics devices are becoming popular with various governments
Challenges
- Data hacking pose a serious threat to biometric solutions
- Privacy of data and protection of civil rights poses a challenge for biometric systems market
- Complexity and cost of deployment, a key barrier for the biometric systems market
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
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