According to a new market report published by Transparency Market Research the global healthcare biometrics market was valued at USD 1.2 billion in 2012 and is expected to grow at a CAGR of 25.9% from 2013 to 2019, to reach an estimated value of USD 5.8 billion in 2019. (Press Release)
Via MARKETS AND MARKETS: The global multi-factor authentication (MFA) market which includes different types of authentication and applications is expected to reach $5.45 billion by 2017 at an estimated CAGR of 17.3% from 2012 to 2017. Two-factor authentication is most widely used MFA model in the world with smartcard with PIN and one time password (OTP) are the most popular technique. Biometric based MFA models are growing at a fast rate. North America and Europe covers most of the market, whereas APAC has the fastest growing region.
Global trends in the biometrics market in the government sector (Report Linker)
– Fingerprint continues to be the biggest market. However, face and iris recognition is gaining prominence.
– National ID offers extensive opportunities in emerging economies.
– Handheld readers are expected to gain prominence in certain applications.
– Market is expected to become consolidated over the forecast period.
– Opportunities for middleware/software vendors are expected over long term.
It’s good to see middleware getting some attention.
North America leading biometric technology market (Companies and Markets)
The global biometric technology, types, and applications market is expected to reach $13.89 billion by 2017 at an estimated CAGR of 18.7%. North America is a market leader in biometric technology market.
The market for Automated Fingerprint Identification System (AFIS) and other fingerprint biometric technologies account for the largest share of the global biometrics market and is expected to retain its dominance in the market in the coming future. This sector is valued at USD 2.8 billion in 2010 and is expected to increase at a CAGR of 19.6% to reach nearly USD 6.6 billion by 2015.
The facial structure, the iris, veins, and voice recognition together constitute the second largest segment. This sector is worth an estimated $1.4 billion in 2010 and is expected to reach $3.5 billion in 2015, at a compound annual growth rate (CAGR) of 19.9%.
Next Generation Biometric Technologies Market – Global Forecast & Analysis (2012 – 2017) (Research and Markets) — The global biometric technology, types, and applications market is expected to reach $13.89 billion by 2017 at an estimated CAGR of 18.7%. North America is a market leader in biometric technology market.
China Biometrics Market Forecast & Opportunities, 2018 (Research and Markets)
“China Biometrics Market Forecast & Opportunities, 2018”, identifies that fingerprint identification market in China is anticipated to grow at the CAGR of around 38%, reaching up by six folds revenue by the end of 2018. Anhui, Shandong and Shanghai are the leading provinces of eastern region, generating highest revenue in biometrics market when compared with other regions in the country. One of the other large biometric projects is e-passports, which is primarily to be implemented in Shaanxi province in northern region and would act as the main growth driver for biometrics market in the next five years. The major players of biometrics industry in China are Zk Technology, Ingersoll Rand, Rosslare Security, Zks Group and Suprema Inc.
Facial recognition market to be worth $6.5 billion by 2018 (Markets and Markets) — The facial recognition market has been forecast to increase at a compound annual growth rate (CAGR) of 27.7% over the next five years, rising from a valuation of $1.92 billion at the beginning of 2013, to hit a market value of $6.50 billion by 2018.
Global Biometrics Market is Well Poised to Cross USD 20 Billion by 2018 Says TechSci Research (Press Release via Digital Journal)
The major share in biometrics technology has been figuratively captured by fingerprint recognition technology (AFIS & Non-AFIS). However, with the emergence of a lot of companies in this sector such as “Fujitsu Ltd” the market is poised for a stiff competition.
The government organizations have been the leading contributor to the industry which is anticipated to continue leading the market. In addition to that, large corporates have adopted biometric for logical as well as access control applications to increase the trust among their customers and employees.
Asia is anticipated to overtake North America by 2018 on account of huge growth in security market in the countries such as China and India. With the increasing IT security spending and growing government project in China, Indonesia, India and others will spur the demand for biometric systems.
Logical access control applications are growing rapidly with the increase in computer hardware and Internet. In addition, vein recognition technology is growing rapidly due to advancement in security management. Also, with the introduction of multimodal biometrics, the market is expected to touch new heights in the coming years.
The global biometric market is expected to grow slowly at an estimated Compound Annual Growth Rate (CAGR) of 22.9% as compared to the facial recognition market growth of 27.7% during the forecasted period of 2013 to 2018. (Markets & Markets)
Plenty of other good data points at the link. Make sure you hit the “Summary” tab.
Biometric systems market to hit a value of $20 billion by 2018 (Companies and Markets)
Social networking sites are anticipated to begin using biometrics for authentication. The increasing use of mobile/tablet based applications will encourage mobile industry leaders like Apple and Google to implement biometrics in to mobile devices.
The market for fingerprint biometric technologies is expected to see the largest increase with an annual growth rate of 19.6 percent. It is currently the main source of revenues in the biometrics market totalling $2.7 billion and by 2015 it will grow to reach more than $6 billion.
The second largest segment in biometrics, the market for face, iris, vein, and voice recognition technologies, will expand to $3.5 billion, from its current size of roughly $1.4 billion.
The touch-less sensing market is expected to reach $1.89 billion by the end of 2018 at a CAGR of 29.30% (Markets and Markets)
From the summary…
The increasing security concerns in the major countries of the region have pushed for the need of accurate and reliable biometric systems. The e-passport program has picked up pace in many countries and the Aadhaar number initiative by the Indian government have created huge demand for the touchless biometrics. The touchless sanitary market that includes products like touchless faucets, touchless soap dispensers, touchless hand dryers and so on, will witness growth in their shipments as the governments increase their focus on hygiene in the region.
The demand for touchless biometrics is on the rise owing to the accuracy on the part of the system. The contact-less biometric solutions are more hygienic as compared to the touch-based biometric systems. The touch-less sensing market is expected to reach $1.89 billion by the end of 2018 at a CAGR of 29.30%. The key players in the touch-less sanitary equipment market are iTouchless (U.S.), simplehuman LLC (U.S.). The key players in touchless biometric solutions include NEC Corporation (Japan), Fujitsu Limited (Japan), TST Biometrics (Germany), Touchless Biometric Systems (Germany), and IrisGuard (Switzerland). Majority of the global players have strong presence in the APAC market.
The huge demand for Smartphones and Tablets is a definite driver for the gesture recognition market in the APAC region. This is evident with the number of product launched, from the OEMs in the last two years. A number of OEMs, who have their footprint globally and in local markets, have launched products ranging from smartphones to smart TVs. The figure below shows the trend of the APAC gesture recognition and touchless sensing market from 2012 till 2018.
Gesture recognition is still in the emerging phase but has proved to be the next generation technology that has the potential to revolutionize the way humans interact with machines. The technology is currently being integrated majorly into consumer electronics. This would help to push the technology towards maturity and in turn the decrease in price. Slowly, automotive application and healthcare would emerge as potential applications for the gesture recognition market in the near future.
India Biometrics Market Forecast and Opportunities, 2018 (Press Release via TMC: Call center Info)
According to “India Biometrics Market Forecast & Opportunities, 2018”, the biometrics market in India is expected to cross USD 2 Billion revenues by 2018. The main factors which are driving the growth of biometrics market are lack of data protection, improper border security, terrorist threat, population growth and continual technological changes. The challenges which are being faced by the biometric industries are rough hands and cataract problems, lack of innovation, implementation of biometrics at a grassroots level and cost of production.
Hygiene factors helping to boost the touch-less sensing industry (Companies and Markets) — Loads of health care applications for this. It should be noted that voice, iris and face recognition technically are touchless, too; it’s not just palm tech.
INDUSTRY FORECAST: Biometric Market Forecast to 2014 (RNCOS)
- Asia-Pacific region has been emerging as the fastest growing destination for biometric solution applications
- CAGR of around 21% during 2012-2014
- AFIS recognition currently dominates the global biometric technology market
- Other tools are gaining ground
- Companies are looking for such software products which reduce time spent on integration, and biometric authentication in multi-layer security architecture would be the next big thing in network security.
That last one can be the determining factor for whether or not a Return on Investment rationale exists for adding a biometric capability. At SecurLinx, it also happens to be our specialty.
Iris Biometrics – Global Strategic Business Report (Research & Markets)
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.
Growth in the iris biometrics market until now has been largely driven by increased adoption of the technology in travel and immigration segment and physical access control applications.
The summary of the report is very optimistic about the future of iris biometrics.
“Card readers and keypads are more widely used in financial services facilities than biometric readers. However, use of biometrics is expected to grow significantly within the next five years.” (WCAX.com)
Roughly one-third of the surveyed companies from the financial sector do not measure return-on-investment (ROI) on their physical security investments. Security of data, assets, clients, and employees is top priority; thus, ROI measurement is sometimes not a neccessity. In cases for which ROI is measured, it is typically done via indirect measures (e.g., general increase of safety), and generally managers do not employ quantitative indices.
Intelligent Video Surveillance, VCA & Video Analytics (ReportsnReports)
Technologies & Global Market:
2011 = $12.1bn
2012 = $13.5bn
2020 = $39bn by 2020
Face recognition is only a tiny slice of the market analyzed but almost tripling the video technology and analysis market over eight years represents a pretty healthy rate of growth.
The ever present threat of security concerns like terrorist attacks, campus violence, random shootouts, burglary and physical assaults, will continue to offer a steady flow of opportunities for the conventional AFIS fingerprint biometrics by way of government compulsions in investing to beefing up security infrastructure. Non-AFIS Fingerprint Biometrics in m-commerce applications is forecast to drive strong gains in the market.
Advancements in technology, increasing accuracy and performance levels, reducing complexity and declining prices, are key factors responsible for expanding the application possibilities of fingerprint identification technologies beyond the government sector. Fingerprint identification systems are already being deployed in enterprises, particularly in large organizations with huge number of employees and continuous flow of visitors. Companies engaged in processing of sensitive information such as banking and financial institutions and research laboratories are also using fingerprint identification recognition extensively for monitoring visitor and employee movements. Non-AFIS fingerprint scanners are especially finding increased adoption in the business segment. Government regulations mandating stringent security measures for key commercial centers such as office buildings, malls, hospitality and healthcare facilities will also add to the market demand.
More interesting findings at the link, including falling costs for silicon based fingerprint sensors, which are small enough to be useful on mobile devices (laptops & hand-helds) but have been much more expensive than optical fingerprint readers.