- The key vendors in the global biometrics in hospitality sector 2016-2020 are 3M Cogent, Crossmatch Technologies, FUJITSU, M2SYS Technology and NEC.
London, 09 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global biometrics in hospitality sector 2016-2020. The hospitality sector is increasingly turning to the implementation of biometrics workforce management system to provide access to authorized workers and deny entry to unauthorized workers. Biometrics time and attendance systems have been implemented in the sector for monitoring employees, when they login at work and when they leave at the end of the day. The global biometrics market in the hospitality sector is expected to grow at a CAGR of 27.88% during the period of 2016-2020.
The fingerprint identification technology dominates the global biometrics market in the hospitality sector, accounting for around 67% of the total market share. It is the oldest biometric technique and is typically used in hotels, amusement parks, casinos, and restaurants worldwide for time and attendance monitoring and access control. In addition, its accuracy rate is high. The market share of North America and APAC is estimated to increase during the forecast period because of increased instances of security breaches in the hospitality sector such as terrorist attacks and bombings.
“Multimodal biometrics provides more accuracy because it identifies an individual by using two or more biometric technologies such as fingerprint and finger vein pattern and a combination of fingerprint, iris, and voice pattern for secure authentication,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Biometrics in Hospitality Sector 2016-2020, please send an e-mail to media@TechNavio.com
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