IndustryARC

Industry ARC Offered the Next Generation Biometrics Market Analysis

The Next Generation Biometrics Market report is an exhaustive study of the biometric devices and sensors that are utilized across several industries.

Next Generation Biometrics Market for developed economies such as American regions and Europe was high in 2014. These regions continue to showcase higher adoption of biometrics in the period 2015-2020. The Global Market stood at $4.7 billion in 2014 according to a study from IndustryARC, where both Americas and Europe accounted for more than 60% market share. However, Asia-Pacific regions hold greater potential for biometrics market and are estimated to grow immensely and nearly equal market size of Europe by 2020. The reason for high growth is the scale of government initiatives combined with consumer awareness on biometrics. The higher disposable income and consumer willingness to spend is also major factor contributing to the growth.

Key Factors that drive adoption of biometrics in any industry are Security, Convenience and Cost. Moreover, the need for unique credentials to authenticate an individual that are less prone to theft or loss is facilitating the shift from traditional techniques to biometrics.

Biometrics are used across various applications currently such as:

Banking

Consumer Electronics

Government

Healthcare

You can find more at http://industryarc.com/Report/1308/next-generation-biometrics-market-analysis.html

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