This market research report presents a detailed segmentation of the global EEC and ECG biometrics market by end-user (healthcare, government and others) and by geography (Americas, APAC, and EMEA). The leading vendors in this market are iMotions, NeuroKai, and NeuroSky.
Technavio’s market research analysts estimate the global EEG and ECG biometrics market to grow at a CAGR of 12% between 2016 and 2020. Electroencephalogram (EEG) and electrocardiogram (ECG) biometric solutions find major applications areas in the government and healthcare sectors. EEG and ECG biometric technologies analyze the brain signals and cardiac rhythm of an individual for identity verification. The vendors are introducing wireless and contactless EEG and ECG systems, and are also coming up with wireless and wearable in the EEG systems. The Americas dominate the EEG and ECG biometrics market, accounting for 48% of the total market share.
The new market research report from Technavio provides a breakdown and analysis of the EEG and ECG biometrics segments by technology.
“The use of multimodal biometrics is an emerging trend in industry sectors such as banking, insurance, transportation and even financial services. Multimodal biometrics uses a combination of two or more biometric applications like fingerprint, voice, and facial recognition to secure data. This is very useful in preventing unauthorized access to databases at different installations and even mobile devices. Online and offline applications are kept secure, and organizations are assured of accurate results. This technology is being used even at airports to restrict sensitive areas only to authorized personnel,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
The healthcare segment is the biggest user of biometrics technology and is expected to grow at a CAGR of close to 13% by the end of the forecast period. EEG and ECG technologies were used mostly to study a patient’s brain activity and heart rhythm so that their mental and physical health could be assessed. Rehab programs are designed based on these reports.
Segmentation of global EEG and ECG biometrics market by end-user
Source: Technavio, 2016
The key vendors in the global EEG and ECG biometrics market include iMotions, NeuroKai, and NeuroSky. Currently, the market have just a few major suppliers. As a result of the rising need for security, many new vendors are entering the market and working on providing solutions to meet market needs. Large vendors dominate as they have larger operational capacity and established customer bases. A lot of small vendors are being taken over by bigger companies in a bid to expand portfolios.
A more detailed analysis is available in the Technavio report, Global EEG and ECG Biometrics Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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