Industry and News Biometric System Market | Page 3

Based on application, global biometrics system market can be segmented into commercial security, banking & finance, healthcare, travels & immigration, home security, and government. Most commonly the biometrics system is used in corporations, governments, defense, finance, and travel & immigration. Geographically the global market for identity and access management is segmented into North America, Asia-Pacific, Middle East and Asia, Europe and Latin America. The Asia-Pacific region is expected to show the maximum growth over the forecast period. The industry began and is thriving in the U.S., but Europe’s share is growing rapidly, particularly in banking. Recent European government initiatives will boost demand even more. Strong revenue growth in the fingerprint is likely to continue as cheaper scanners are bundled with computers, but other biometrics such as facial recognition and iris are also showing strong growth. The biometric evidence is likely to be accepted without too much resistance in European courts. Notwithstanding some differences, all systems in Europe tend to include most forms of evidence. Also, although the principle is elaborated in a different way, the rules governing evidence in all European countries have a tendency to ban only categorical unreliable or illegal evidence. Application service providers will dominate the growth phase initially by providing solutions but ultimately supporting users and intermediary layers, possibly before acquisitions by integrators. Value-added resellers and original equipment manufacturer provide important transitional competition, but the market is likely ultimately to belong to specialized security or diversified ICT integrators. Relationships are likely to be strategic or collusive partnerships. Ultimately, biometrics may be wholly subsumed by technology, integrated ICT, and security markets. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-electronics The deployment of biometrics by public and private factor raises numerous concerns that are not adequately addressed by the current human rights framework and the data protection framework. For instance, this includes concerns of power accumulation, further use of existing data, specific threats prior to biometrics, use of the technology in the private sector, to protect individuals from their inclination to trade their own privacy and concerns for the cost.