Biometrics technology: Key market research findings
- Emergence of multimodal biometrics
- High implementation of facial recognition biometric technology
Technavio has added a new market research report on the biometrics market in MENA, to its biometrics portfolio. The biometrics market in MENA is expected to grow at a CAGR of 19% between 2015 and 2019 due to the high adoption of biometric solutions in the oil and gas sector and government sector, in the MENA region. Saudi Arabia is the largest contributor to the biometrics market in the MENA region. Growing number of government initiatives in the construction sector in Saudi has augmented the spending on various biometric technologies. Furthermore, the government of Saudi Arabia has made biometric-based visas mandatory for the annual Hajj. For all foreigners visiting Saudi Arabia, biometric-based passports is also a necessity.
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.
Multimodal biometrics is gaining huge prominence in the Middle East for more exact identification of refugees and their movement across borders. These systems are more widely accepted for border control due to their reliance on multiple biometric technologies like fingerprint and finger vein recognition in a single device for identification. Police departments in the Middle East are using mobile multimodal biometric technologies to secure borders. Multimodal biometrics are increasingly used in Syria, Iraq, and Libya where increasing numbers of individuals and families are migrating to neighbouring countries.
Facial recognition segment is the fastest growing biometric technology in MENA especially in government organizations, owing to its mass surveillance capability. Government, utilities, military, homeland security, retail, and BFSI industries are increasingly adopting 3D facial recognition technology for accurate authentication and identification. Vendors are trying to integrate IoT with facial recognition software for better scrutiny of public places. The facial recognition market in MENA is expected to grow at a high CAGR of 35% in the next four years
The leading vendors in the biometrics market in MENA include 3M, BioEnable, NEC, Safran, and ZKTeco. The vendors in biometric technologies are making concentrated efforts to provide customized solutions to customers, especially from the government and BFSI sectors to ensure that data confidentiality is maintained. Intense competition prevails in this market as the leading biometric vendors are expected to launch upgraded solutions at minimal charges during the forecast period.
A more detailed analysis is available in the Technavio report, Biometrics Market in MENA: Research Report, Trends, and Forecast 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Emerging Biometrics Technologies: Global Industry Analysis 2015-2019
- Biometrics Market in the United States in Education Sector 2015-2019
- Global Vein Recognition Biometrics Market in BFSI Sector 2015-2019
- Biometrics Market in BRIC Countries 2015-2019
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