London, 17 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Biometrics Market in Transportation Sector 2015-2019, which is expected to grow at a CAGR of 19.1 percent during the forecast period of 2014-2019.
Biometrics implements the physiological and behavioral characteristics of an individual to provide better security. Physiological biometrics is the study of all the physical features of an individual. Physiological biometrics includes facial recognition, fingerprint recognition, DNA analysis, iris recognition, and hand geometry. While behavioral biometrics characteristics includes voice recognition, signature biometrics, and keystroke recognition.
“The use of smartphones coupled with the rise in identity theft is expected to drive the adoption and usage of cellphone-based fingerprint recognition and facial recognition systems during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
“Apple has implemented a fingerprint reader in its latest iPhone 5S, and Samsung uses facial recognition systems in some of its smartphone models.”
Key Market Drivers
- Increased Demand for E-passports
- Increase in Security Concerns
- Increase in Identity Theft
- Less Expensive Systems
Key Market Trends
- Integration of Biometrics in Smart Cards
- Emergence of Cellphone-based Biometrics
- Increased Adoption of Multimodal Biometrics
Key Market Vendors
- 3M Cogent Inc.
- Cross Match Technologies Inc.
- NEC Corp.
- Safran SA
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
