Biometrics Spending in Government Market Report Till 2024 | Industry Forecast & Deep Analysis
The global Biometrics Spending in Government Market report offers a complete overview of the industry with details on the company shares, emerging trends, forecast data, in-depth analysis and an outlook of the market on a global platform. The report also focuses on market drivers, restraints, and key manufacturers. The report offers segmentation of the market and regional analysis for the forecasted period from 2020 to 2024. Additionally, this report also discusses the market growth, opportunities, challenges and the risks faced by key manufacturers and the market as a whole.
The global Biometrics Spending in Government market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform. The report further highlights the market drivers, restraints and the top manufacturers at the global and regional levels. For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2024.
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Rapid technological advancements in the field of biometric recognition and identification systems along with advancements in computing and other supporting fields, fueled companies spending significantly on research and development in the biometric systems domain. Such technical accomplishments have stemmed from a strong emphasis on the application of such technologies by national governments, which have in turn resulted in a sharp decline in prices of scanning devices and associated components, in the process providing further impetus to investment in the sector.
In 1999, biometrics was introduced to identify individual traits based on behavioural and physiological characteristics of individuals that could not be replicated easily. It includes voice recognition, palm geometry recognition, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Also, biometrics are considered to be more reliable compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or forgotten by an individual. Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one process used to match biometric traits of an individual against a particular template. However, identification is a matching process where the biometric traits of an individual are matched against all templates in the database to determine an individual's identity.
According to this study, over the next five years the Biometrics Spending in Government market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Biometrics Spending in Government business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Biometrics Spending in Government market by product type, application, key companies and key regions.
The key manufacturers covered in this report: Breakdown data in Chapter 3.
- 3M Cogent
- BioEnable
- Cross Match Technologies
- NEC
- Safran
- Others
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This study considers the Biometrics Spending in Government value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
- Fingerprint Identification
- DNA Analysis
- Facial Recognition
- Voice Recognition
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
- Hardware in the Government Sector
- Software in the Government Sector
- Integrated Solutions in the Government Sector
- Services in the Government Sector
This report also splits the market by region: Breakdown data in Chapters 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- .........
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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