Quantum Biometrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Quantum Biometrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Report Description

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Security is a major issue in all the areas of digitalization. Addressing to this problem, many technology companies have come up with new and advanced technologies and solutions which can help to increase the security and privacy of any users. In the last few years many technologies have been introduced to provide better security, quantum biometrics in one of them. Quantum biometrics makes the identification more accurate and very difficult for the hoaxers to gain unauthorized access. This is a new form of biometric identification technology which works similar to a human eye, as the human eye has the capacity to detect the flashes of light containing a handful of Photons. These photons are detected by a quantum mechanism which is governed by law of quantum physics. The quantum biometric technology targets the retina. The differing factor of human retina’s sensitivity to light is calculated by using quantum biometric procedure which involves laser pulses. Quantum biometric technology is based on retinal map which provides more secure and powerful form of recognition than the available form of biometrics such as iris scans or fingerprints.

Quantum biometric is a verification procedure defining whether an individual is who she or he claims to be. Biometric authentications are based on irreplaceable individual characteristics. There are two types of biometric recognitions which includes physical biometrics and behavioral biometrics. Physical biometric authentications include fingerprints, iris & retina scan, DNA and facial recognition. Behavioral biometric authentications include handwritten signatures and voice recognition. Quantum biometric authentications is part of physical biometrics. Quantum biometric technologies help to improve security and reduce operational costs. Users are becoming more comfortable with the biometric technology as a method of payment security. Quantum biometric technology generally requires very limited time (5 Seconds) for identification of an individual. All these advantages makes the quantum biometric technology popular around the world.

The Quantum biometric market is reshaping the whole biometric authentication market in terms of technology. The major factors which are driving the Quantum biometric market are rising security concerns for public security, national identity, border control management, internet & network access, e-passports and financial transactions. It is helping in the development of overall biometric authentication market. Other than public domains, quantum biometrics have huge opportunity in the consumer electronic applications, consequently driving the quantum biometric market over the past few years. Gradually, the growing demand for smart electronic devices and interest toward this authentication technology is growing which is becoming a trend now a days. However, fear of privacy disturbance and complex technical architecture can hamper the growth of quantum biometric market.

The quantum biometric market can be segmented on the basis of application and geography. By application, the market has been segmented into banking, government and defense, healthcare, consumer electronics, transportation and others. Fingerprint recognition and facial recognition are the biometric technologies which already have a strong presence in the market. As government and banking domains require high accuracy in authentication of individuals and these two applications are anticipated to be of high potential in quantum biometrics market.

Geographically quantum biometrics market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America and Europe are expected to experience high growth of quantum biometrics. These regions represent the high adoption rate in terms smart electronic devices technology. Asia Pacific and South America are also anticipated to experience high growth rate during the forecasted period.

The key players within quantum biometrics market include Quantum Signal LLC, Eye Verify, EyeLock LLC., BioEnable Technologies Pvt. Ltd, Iris ID, Inc., BI?2; Technologies, however, other prominent players are also planning to enter into the market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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