North American Biometrics Market, Forecast to 2023

North American Biometrics Market, Forecast to 2023

Behavioral Biometrics Using an Artificial Intelligence Engine Added to Front-end Modalities Enhance Security Across Border Control and Access Control Applications

RELEASE DATE
13-May-2019
REGION
North America
Research Code: K309-01-00-00-00
SKU: ES01096-NA-MR_23155

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Description

This research presents key market participants with business intelligence needed to understand the future of the North American biometrics market in the commercial and government segments. The government segment includes application such as border control, e-ID, and law enforcement while the commercial segment includes applications such as physical security, logical security, and surveillance. As the North American market experiences an increasing rate of physical and cybersecurity attacks, demand for biometric technology continues to rise. Also, trends such as the Internet of Things (IoT) and financial technology (fintech) regulations are driving demand for biometrics across the government and commercial segments.

The base year of the study is 2018 with forecasts up to 2023. The research provides the overall market size of each segment for 2018 and a revenue breakdown by technology application. The revenue calculations factor in both hardware and software.

Growth of digitalization across different industries is driving the need for robust cybersecurity systems. Moreover, IoT is transforming how business is conducted across nearly every major industry as a result of changing customer dynamics; for instance, customers are increasingly using smartphones for commerce and banking. As such, the growing risk of identity theft and fraud is paving the way for interest in various biometric modalities, including fingerprint, face, iris, vein, voice, palm print, and others. The fingerprint modality is much sought out as it is less expensive compared to the other modalities. Fingerprint was the dominant modality deployed across all government and commercial applications mainly due to its pricing; however, facial biometrics is witnessing a breakthrough, particularly in the banking and finance domain.

Ultimately, customers prefer the highest level of security without compromising on ease and convenience. This trend has resulted and will continue to result in growth opportunities for multi-modal biometric tools, including intersections with mega trends such as artificial intelligence, Blockchain, and behavioral biometric innovations.

Key Issues Addressed

  • Is the market growing, how long will it continue to grow, and at what rate?
  • What are the key growth drivers and restraints for the market?
  • What are the likely macro and micro trends, and how are they expected to impact the market? 
  • Who are the competitors and what are their SWOT and product offering?
  • Are the products/services offered today meeting customer needs or is additional development needed? 
  • Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Author: Ram Ravi

 

Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Key Questions this Study will Answer

Market Segmentation

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion by Technology

Market Share Ranking

Competitive Environment

Top Competitors

Product Highlights

Competitive Factors and Assessment

Transformation in Biometric Industry Ecosystem—2018

Growth Opportunity—Blockchain and Biometrics

Growth Opportunity—Artificial Intelligence and Biometrics

Strategic Imperatives for Success and Growth

Mega Trend Impact on the North American Biometrics Market

Impact of Industry Mega Trends on the North American Biometrics Market

Impact of Industry Mega Trends on the North American Biometrics Market (continued)

Behavioral Biometrics Mega Trend Explained

Artificial Intelligence Mega Trend Explained

Blockchain Mega Trend Explained

Government Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Percent Revenue Forecast by Application

Revenue Forecast Discussion

Commercial Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Percent Revenue Forecast by Application

Revenue Forecast Discussion

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on Study Topic

Partial List of Companies

List of Exhibits

List of Exhibits (continued)

Related Research
This research presents key market participants with business intelligence needed to understand the future of the North American biometrics market in the commercial and government segments. The government segment includes application such as border control, e-ID, and law enforcement while the commercial segment includes applications such as physical security, logical security, and surveillance. As the North American market experiences an increasing rate of physical and cybersecurity attacks, demand for biometric technology continues to rise. Also, trends such as the Internet of Things (IoT) and financial technology (fintech) regulations are driving demand for biometrics across the government and commercial segments. The base year of the study is 2018 with forecasts up to 2023. The research provides the overall market size of each segment for 2018 and a revenue breakdown by technology application. The revenue calculations factor in both hardware and software. Growth of digitalization across different industries is driving the need for robust cybersecurity systems. Moreover, IoT is transforming how business is conducted across nearly every major industry as a result of changing customer dynamics; for instance, customers are increasingly using smartphones for commerce and banking. As such, the growing risk of identity theft and fraud is paving the way for interest in various biometric modalities, including fingerprint, face, iris, vein, voice, palm print, and others. The fingerprint modality is much sought out as it is less expensive compared to the other modalities. Fingerprint was the dominant modality deployed across all government and commercial applications mainly due to its pricing; however, facial biometrics is witnessing a breakthrough, particularly in the banking and finance domain. Ultimately, customers prefer the highest level of security without compromising on ease and convenience. This trend has resulted and will continue to result in growth opportun
More Information
No Index No
Podcast No
Author Ram Ravi
Industries Electronics and Sensors
WIP Number K309-01-00-00-00
Is Prebook No
GPS Codes 9201-A3,9592,99F3-A3