Biometrics monitoring systems: Key market research findings
- Emergence of EEG/ECG biometric solutions
- Introduction of biometrics in wearables
Technavio has added a new market research report on the global biometrics monitoring systems market, to its biometrics portfolio. The global biometrics monitoring systems market is expected to grow at a CAGR of around 17% between 2015 and 2019 due to increase in public awareness about security concerns. The market share of APAC is estimated to increase during the forecast period because of government initiatives involving implementation of biometrics monitoring systems for various e-governance programs.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Electrocardiogram/ electroencephalogram (EEG/ECG) are biometric solutions which are integrated with biometric sensors and analyse brain wave and heart wave for abnormality detection. These solutions are mainly used in the government and healthcare sectors. In the government sector it is mainly used in forensic and law enforcement for lie detection and analysis of criminal activities. In healthcare it is used to test the patient and also for rehabilitation,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Resaerch.
Several wearable devices are launching biometric identification features to identify an individual’s biometric traits such as heart rate and blood pressure. These devices will gain huge popularity in the government, law, health and medicine, fitness, education, transportation, and banking and finance sectors over the next four years. For instance, UK’s Halifax Bank has introduced a wristband to detect heartbeat irregularities while securing authentication for its online banking services. The wristbands work in conjunction with smartphone apps that verify customers’ heartbeat patterns and enable access to their bank accounts.
The key vendors in the global biometrics monitoring systems market include Bio Enable, NEC, 3M, and Safran. As per the market forecast, the leading vendors are expected to invest significantly in wearable biometrics over the next four years. Devices such as smartwatches, bands, ear-pods, and eyeglasses are coming up with biometric identification capabilities and have the potential to recognise an individual’s biometric traits such as heart rate and blood pressure.
A more detailed analysis is available in the Technavio report, Global Biometrics Monitoring Systems Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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- Emerging Biometrics Technologies: Global Industry Analysis 2015-2019
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