The biometrics market in the Middle East is segmented by technology (voice, vein, hand geometry, iris, facial, fingerprint, and others), by end-users (BFSI, government, healthcare, transportation, oil and gas, and others), and by key leading countries (Saudi Arabia, Turkey, UAE, Egypt, Syria, Iraq, Israel, and others).
Technavio’s market research analysts estimate the biometrics market in the Middle East to grow at an impressive rate of nearly 20% between 2014 and 2019. In the Middle East, Saudi Arabia dominates the market due to the high adoption of biometrics in the oil and gas sector, accounting for more than 34% of the total market revenue.
The new market research report from Technavio provides a breakdown and analysis of the biometrics market in the Middle East by technology.
“Thanks to the early adoption of fingerprint recognition technology, it is not surprising that this segment accounts for more than 64% of the total market. Sectors like BFSI, healthcare, government, and transportation show high adoption of this technology due to its low hardware cost and user-friendliness. Additionally, the recent political and social scenario in the Middle East is promoting the adoption of fingerprint recognition technology as it aids in averting instances of violent crimes in this region,” says Navin Rajendra, Lead Analyst, IT Security, Technavio Research.
The market research report also offers a breakdown of market shares by end-users, which includes segments like BFSI, government, healthcare, transportation, and oil and gas. The oil and gas segment dominates over all the other segments due to the augmented need for organizations in this sector to implement security measures for infrastructure. While this segment currently dominates the market, analysts envisage the BFSI segment to show the highest growth rate during the forecast period, growing at a rate of more than 32% by 2019.
Biometrics market in the Middle East by oil and gas sector 2014-2019 (US$ millions)
Source: Technavio, 2015
Top companies in this market include Cross Match Technologies, M2SYS Technology, NEC, Nuance Communications, and Safran. The report provides an overview of these companies, their financial overview, business strategies, and recent developments, as well as an in-depth discussion of the main market drivers, challenges, and trends.
A more detailed analysis is available in the Technavio report Biometrics Market in Middle East 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cstrong%3EWe%20can%20customize%20repor…
