Biometrics Market Research Updates From Global Information
FARMINGTON, Conn., March 4, 2013 /PRNewswire-iReach/ — Global Information (GII) presents a selection of new market research reports covering the global markets for fingerprint, iris, face and voice biometrics and hand geometry from our premium research partner, Global Industry Analysts, Inc.
Iris Biometrics: New Report
Prominent among the contactless biometric identification technologies, Iris biometrics identifies an individual by analyzing random colored patterns within human irises, which are unique to each individual and do not easily alter over lifetime. Relatively young in the biometric identification market with commercial availability only since 1995, iris biometrics, thanks to its swift results, low failure to error rates and high accuracy levels, is however fast proving to be a preferred choice of biometric identification in a range of applications.
The global market for iris biometrics is projected to reach $1.5 billion by the year 2018, primarily driven by technology advances, expanding application areas and the encouraging use of the technology in physical access control applications. Major players in the global marketplace include Aditech Ltd., AOptix Technologies, Inc., BioEnable Technologies Pvt. Ltd., Iris ID, IrisGuard Inc., SRI International, EyeLock Corp., and Human Reco Systems, among others.
Face and Voice Biometrics: New Report
The global market for face and voice biometrics is projected to reach $2.9 billion by the year 2018. Unlike other technologies such as vein pattern scanning, fingerprint identification or hand geometry, all of which demand individuals to be identified to make some contact with the reader or the system, facial and voice recognition technologies can establish an individual’s identity even without any established contact between the person and the system, just by capturing image or voice samples of the person with the help of cameras and voice recorders respectively. The non-intrusive features of these technologies give it an edge over other biometric modalities. Thanks to several success stories from government and commercial implementations, face and voice biometric technologies are now being well accepted in the field of Information Security. Voice biometrics is especially poised to succeed in this space.
Major players profiled in this report include: GmbH, Eurotech S.P.A, Ivrnet Inc., Kimaldi Electronics, S.L., National Security Resources, NEC Corporation of America, Neurotechnology, Nuance Communications, Inc., PSP Security Co., Ltd., SAFRAN Group, Sensible Vision, Sensory Inc., Suprema Inc., and VoiceVault Inc., among others.
Fingerprint Biometrics: New Report
The global market for fingerprint biometrics is projected to reach $10 billion by the year 2018. Silicon-based fingerprint sensors are poised to drive gains in the Non-AFIS fingerprint biometrics market. These sensors are typically used in laptop computers and other low power consuming electronic devices for secure access. Technological advancements along with fall in prices are expected to position silicon-based fingerprint sensors firmly in the global fingerprint biometrics industry. Ongoing advancements, mostly directed towards miniaturization of sensors, have resulted in lowering production costs and expanding application of these sensors in a wider range of devices. Advanced swipe sensors, with considerably smaller form factor, are expected to be used increasingly in smaller and more power-hungry devices such as mobile phones and notebooks.
Major players in the global fingerprint biometrics marketplace include 3M Cogent, Cross Match Technologies, Inc., DERMALOG Identification Systems GmbH, Safran S.A., AuthenTec, Inc., BIO-key International, Inc., SecuGen Corporation, NEC Corporation of America, Precise Biometrics AB, TSSI Systems Ltd., ZK Software, Suprema Inc., Validity Sensors, Inc., Fingerprint Cards AB, Fujitsu Limited, and IDEX ASA, among others.
Hand Geometry: New Report
The global market for hand geometry is projected to reach $151.5 million by the year 2018. Major players in this market include Ingersoll-Rand Plc, RTC Associates Inc., and Inception Technologies Inc., among others.
Hand geometry is projected to witness increased adoption in the healthcare, banking and financial services sectors. Key benefits of the technology responsible for driving adoption beyond the boundaries of the traditional manufacturing end-use sector include greater user acceptance as against the socially stigmatized fingerprint biometrics, lower error rates, and rugged operational ability to optimally function in extreme environmental conditions. Despite the technology’s non-discriminative characteristics and its limited potential in the use of personal identification, interest continues to exist in hand geometry as a cost effective medium for personal verification and user authentication. Hand geometry therefore continues to remain a perfect choice for user authentication in harsh work environments and among establishments with a large workforce. Low upfront costs, relatively simple technology architecture, less intrusiveness, are all advantages stacked in its favor.
Find more market research for the biometrics industry
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