6Wresearch - Germany and Russia Emerging as Key Contributing Countries in European Biometrics Market
According to 6Wresearch, Global Biometrics Market is projected to reach $21.9 billion by 2020. Fingerprint biometrics technology has led the market and is expected to maintain its dominance through the forecast period due to its low cost and ease of usage.
- (1888PressRelease) January 03, 2015 - 6Wresearch announces the release of exhaustive and detailed "Global Biometrics Market (2014-2020)" report covering technologies, regions, countries and applications. The report estimates and forecast market by technologies such as Fingerprint, Face, IRIS, Hand/ Palm-Print, Voice, Vein, Keystroke Dynamics, DNA, GAIT and Multimodal biometrics. The report consist regions such as North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa and further has been divided into countries including Canada, United States, Brazil, Mexico, Argentina, Colombia, Germany, United Kingdom, France, Italy, Spain, Russia, China, India, Japan, South Korea, Indonesia, Australia, Saudi Arabia, UAE, Turkey, Israel, Egypt, South Africa and Nigeria. The report also segregates market into time & attendance systems, access control systems and identity solutions based biometric systems by various technologies.
Europe is the third largest revenue generating region in global biometrics market. In Europe, countries such as UK, Germany, France, Italy, Spain and Russia are contributing majorly for the growth of the overall Europe's biometric market. Weak economic conditions in European countries such as France, Spain and Italy during 2011-12, impacted the adoption of various electronic security systems. This resulted into low demand for biometric systems in the region. However, countries such as Germany and Russia exhibited strong demand for these devices and are expected to continue the same trend in the forecast period.
Government based biometric programs such as e-passports, national ID, and electronics residence permit for non-EU citizens are spurring the demand for biometrics systems in Germany, especially multi-modal biometrics systems. From 2015, Germany would witness healthy growth in the biometrics market on account of increasing smartphones penetration and adoptions of new biometric technologies.
Russia is emerging as key growing country in European biometrics market, owing to increasing security & IT spending. Also, country's national ID project is contributing primarily for the demand for biometrics systems. Upcoming FIFA World Cup 2018 would further boost the market for various electronics security systems especially biometric technology based access control systems.
However, in the forecast period, share of fingerprint biometrics technology is expected to decline due to growth of face, iris, vein and multi-modal biometrics systems. Need for higher accuracy and reliability has resulted into the adoption of these biometrics technologies.
Globally, government & transportation application has captured major share of pie in overall global biometrics market. National ID projects, e-passports & visas, biometrics technology enabled driving license, and several other government projects across the globe have led for this application dominance. Consumer electronics application is the fastest growing application in the global biometrics market. Increasing penetration of smart devices such as smartphones and tablet PCs in the global market is witnessed as major driving factor, where biometrics technologies especially fingerprint is used for authenticating the individuals over these devices to restrict unwanted access. Further, m-commerce industry is witnessing exponential growth in various countries of the world, the biometrics market in smart device ecosystem is projected to attain tremendous growth in the forecast period.
The key companies in global biometrics market include- Morpho Safran, 3M Cogent, NEC, Suprema, Nuance, Hitachi, Crossmatch Technologies, Iris ID, ZK Technologies and others.
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