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Global Biometrics Market in BFSI Sector 2015-2019

Published By :

Technavio

Published Date : Aug 2015

Category :

Biometrics

No. of Pages : 73 Pages

Biometrics helps identify individuals based on their physical or behavioral features. It involves verification and identification of physiological traits through fingerprints, face recognition, DNA, palm vein prints, hand geometry, and iris recognition, and of behavioral traits through keystroke patterns and speech pattern/voice recognition. Biometrics technologies are considered more reliable compared to physical devices and numeric codes, as biometric traits will not change. Biometrics performs verification and identification processes to authenticate an individual. In a verification process, a one-to-one matching method is used to verify the biometrics traits of an individual against a particular template in a database, whereas in an identification process, a one-to-many matching method is used wherein the biometrics traits of an individual is matched against all templates in the database to determine an individual's identity.

Biometrics is used for security purposes in the BFSI sector to prevent data breaches and identity theft. Finger scan, facial scan, iris scan, retina scan, signature scan, voice scan, and vein scan biometrics have been deployed worldwide in the BFSI sector for secure transaction and authentication of account and network access in banks. 


Technavio's analysts forecast the global biometrics market in the BFSI sector to grow at a CAGR of 21.83% during 2014-2019.

Covered in this Report
This report covers the present scenario and the growth prospects of the global biometrics market in the BFSI sector for 2015-2019.

To calculate the market size, the report considers revenue generated from the hardware, software, and integrated solutions segments. The revenue generated from aftersales services is not included in the market size calculation.

The report provides a detailed analysis of the following:
Technology: fingerprint identification, voice recognition, facial recognition, vein recognition, and iris recognition
Geography: North America, APAC, Europe, Latin America, and MEA

Technavio's report, Global Biometrics Market in BFSI Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
3M Cogent
4G Identity Solutions
Cross Match Technologies
FUJITSU
HID Global
Safran

Other prominent vendors
ACTAtek
BioEnable
BioID
EyeVerify
Face Data
Fulcrum Biometrics
Hitachi
M2SYS Technology
Nuance Communications
TENBIO

Market risk factor
Security issues of biometric data
For a full, detailed list, view our report

Market trend
Emergence of mobile biometric payments
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market description
Working of biometric technologies in BFSI sector
Comparison of biometric technologies in BFSI sector
Applications of biometrics in banking
Biometrics authentication in BFSI sector by smartphones
Advantages and disadvantages of biometrics in BFSI sector
PART 06: Key developments
Introduction of multi-factor authentication
PART 07: Market landscape
Market overview
Product life cycle analysis
Share of BFSI sector in global biometrics market
Global biometrics market in BFSI sector
Five forces analysis
PART 08: Market trends
PART 09: Market segmentation by technology
Global biometrics market in BFSI sector by technology 2014-2019
Global fingerprint identification biometrics market in BFSI sector
Global facial recognition biometrics market in BFSI sector
Global vein recognition biometrics market in BFSI sector
Global iris recognition biometrics market in BFSI sector
Global voice recognition biometrics in BFSI sector
PART 10: Geographical segmentation
Segmentation of global biometrics market in BFSI sector by geography 2014-2019
Segmentation of global biometrics market in BFSI sector by geography 2014-2019 ($ millions)
PART 11: Market risk factors
PART 12: Vendor landscape
Key vendors matrix
Description of key vendors
Key news
Other prominent vendors
PART 13: Key vendor analysis
3M
4Gid
Crossmatch
Fujitsu
HID Global
Business strategy
Safran
PART 14: Appendix
List of abbreviations
PART 15: Explore Technavio
List of Exhibits
Exhibit 01: Working of fingerprint biometrics
Exhibit 02: Working of voice biometrics
Exhibit 03: Working of facial recognition
Exhibit 04: Working of vein recognition
Exhibit 05: Working of iris recognition
Exhibit 06: Comparison of biometric technologies in BFSI sector
Exhibit 07: Comparison of FAR and FRR
Exhibit 08: Applications of biometrics in banking
Exhibit 09: Biometrics authentication in BFSI sector by smartphones
Exhibit 10: Overview of global biometrics market in BFSI sector
Exhibit 11: Product life cycle analysis of biometric technologies
Exhibit 12: Share of BFSI sector in global biometrics market 2014-2019
Exhibit 13: Global biometrics market in BFSI sector 2014-2019 ($ millions)
Exhibit 14: Five forces analysis
Exhibit 15: Global biometrics market in BFSI sector by technology 2014-2019
Exhibit 16: Global fingerprint identification biometrics market in BFSI sector 2014-2019 ($ millions)
Exhibit 17: Global facial recognition biometrics market in BFSI sector 2014-2019 ($ millions)
Exhibit 18: Global vein recognition biometrics market in BFSI sector 2014-2019 ($ millions)
Exhibit 19: Global iris recognition biometrics market in BFSI sector 2014-2019 ($ millions)
Exhibit 20: Global voice recognition biometrics in BFSI sector 2014-2019 ($ millions)
Exhibit 21: Segmentation of global biometrics market in BFSI sector by geography 2014-2019
Exhibit 22: Segmentation of global biometrics market in BFSI sector by geography 2014-2019 ($ millions)
Exhibit 23: Business segmentation of Safran
Exhibit 24: Geographical segmentation by revenue 2014

List of Table

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