TechNavio today launched its report Global Biometric Readers Market 2012-2016 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present scenario and the growth prospects of the Global Biometric Readers market for the period 2012-2016.
Commenting on the report, an analyst from TechNavio™s Hardware team said: An increase in mergers and acquisitions is expected to continue in the coming years. Both existing vendors and new entrants prefer the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, the French defense company Safran completed the acquisition of the biometric solution provider L-1 Identity Solutions in Q2 2011 for US$1 billion. The acquisition helped Safran become a leading player in the Global Biometric Readers market. Similarly, 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. Cogent is a maker of biometric recognition systems that allow governments and businesses to identify individuals by their fingers, palms, faces, and irises.
According to the report, the increased need for advanced security in the Financial sector is one of the major growth drivers in the Global Biometric Readers market. Critical government departments such as intelligence, defense, and finance hold important data, the theft of which could jeopardize national security. Biometric readers provide a higher level of security than any other authentication method. Hence, the governments of various countries are adopting biometric readers to secure their critical information.
Further, the report discusses that the high cost of deployment, posing a major challenge to the market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Fujistsu Ltd., 3M Cogent Inc., NEC Corp., and Safran Group. The other vendors mentioned in the report are RCG Holdings, Panasonic, Biometric Security Ltd, Cross Match Technologies Inc., Suprema Inc. Fingerprint Cards AB, AuthenTec, and Siemens Biometrics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-biometric-readers-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research report – Global Biometric Readers Market 2012-2016
