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Thwarting terrorist attacks, attempt to lower crime rates, and enforcing airport security have resulted in increased investment in the biometrics market. Government projects that have adopted the technology to include ePassports, eDriving licenses, national IDs, and border management. India, China, and Russia are driving the market by adopting the technology. China uses a biometric national ID program beginning from 2013, which India will soon emulate.
Key end-users of the market are consumer devices, healthcare, and finance. Applications include consumer device authentication, smart phone payment systems, government IT systems, mobile banking, automated teller machines, point-of-sale transactions, and pharmacy dispensing. Healthcare sector can use it to identify frauds, investigate insurance claims, and protect patent privacy. Implementing it in e-commerce websites can guarantee secure transactions.
North America will dominate the biometrics market over the forecast period( 2015-2021) on account of biometric technology being adopted by defense, justice, state, commerce, and homeland security departments in the region. Asia Pacific will exhibit a significant growth rate in the coming years. The UIDAI project in India uses face, fingerprint, and eye recognition, while Indonesia uses e-KTP electronic ID.
Prominent players of the biometrics market are Cognitec Systems, Fingerprint Cards AB, Diamond Fortress, FaceFirst, and Gemalto.
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Companies Profiled
Market Leaders NEC Safron MorphoTrak 3M / Cogent Gelamto / Avalon Biometrics Tyco M2SYS
Suprema Fujitsu
DigitalPersona Cross Match Technologies
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