Biometrics market in the apac region
Asia pacific market is expected to be the fastest evolving market for biometrics adoption of biometrics ranging from healthcare to financial end user industry is on the rise fingerprint recognition, iris recognition & facial recognition are most the most utilized & key biometric technologies. By geography, the global military biometrics market has been segmented into north america, europe, asia pacific, middle east & africa and latin america north america and europe together held more than 55% of the global market in 2016 and expected to remain dominant during the forecast period. The apac region presents itself with a favourable climate for the large-scale deployment of biometrics, as the region offers the highest population by density as well as by the sheer number with issues such as rising cost, companies looking at proper management, security threats and so on, the biometrics industry has a vast potential in the. Asia pacific expertise we fast-track solution adoption, with our expertise and ability to market, deliver and implement disruptive products and solutions in the asia – pacific region we unleash the full. Overall market dominance will shift from europe (and the greater emea region) and the us (and the greater north america region) to asia (and the greater asia pacific region) by 2014, the asia pacific region will generate the greatest revenues for the biometrics industry.
The face and voice biometric market report begins with an executive summary that is a succinct yet comprehensive first look at the face and voice biometric market across the globe. The healthcare biometrics market in the asia pacific region is rapidly emerging as a promising market burgeoning healthcare sector along with the rapidly developing biometric models and. The following power point presentation provides us with an overview of the biometrics market in selected countries in the apac region revenue forecasts have been provided for select countries in the apac region as well as technology trends and market dynamics.
The key markets of the global biometric authentication and identification market are north america, europe, asia-pacific, and the middle east & africa north america is the leader in the biometric authentication and identification market followed by europe and asia-pacific. The factors propelling the growth of the biometric sensors market in the apac region are increasing number of hand held device users in the region coupled with rising disposable income. In this report, the asia-pacific hand geometry biometrics market is valued at usd xx million in 2017 and is expected to reach usd xx million by the end of 2025, growing at a cagr of xx% between.
“the global government biometric systems market 2015–2025” report offers the reader detailed analysis of “the global government biometric systems market 2015–2025” provides detailed analysis of the current riding on the global largest defense spender, the us, north american region and asia pacific region are. Biometrics – a global market overview the report reviews, analyzes and projects the global market for the company markets its product in asia -pacific region via its regional asia-pacific biometrics market overview (2020) by region – japan, china, india, south korea and rest of asia- pacific in usd million. In 2014, there were around 80,000 biometrics-enabled atms, the highest in the entire asia-pacific region, serving more than 15 million clients in the country therefore, it is estimated that in the year 2015, japan would contribute more than 26% share to the overall market size of the asia-pacific region.
However, by the end of 2015, 6wresearch expects the share of the region to decline to become second largest in the industry after the growing asia-pacific (apac) biometrics market. Biometrics market forecasts: global unit shipments and revenue by biometric modality, technology, use case, industry segment, and world region:the biometrics market has reached a tipping point. Market research from frost & sullivan suggests that the biometrics market, specifically in the government vertical within the asia-pacific region will grow at a compound annual growth rate (cagr) of 126 percent until 2016.
Biometrics market in the apac region
Biometric service market has been growing in the asia pacific region due to the increased safety and security concerns with the increasing number of electronic gadgets and smartphone technological advancement in regions especially in china, india, and japan such as mobile devices, internet, computer software and biometric innovation itself in. The asia pacific next generation biometric market segments size & growth: the asia pacific next generation biometric market is expected to increase by an $ xx billion by 2024 at a cagr of 20% increasing growth towards e-passport program and the initiatives taken by the government are the key drivers for the growth of next generation market. Biometric technology market by type (face recognition, iris recognition, fingerprint recognition, hand geometry recognition, signature recognition, voice recognition and middleware recognition) and end user (public sector, banking & financial sector, healthcare, it & telecommunication and others) - global opportunity analysis and industry forecast, 2015 - 2022. Until 2014, north american region dominated overall biometrics market however, by the end of 2015, the share of the region is expected to decline to become second largest in the industry growth in asia-pacific (apac) biometrics market is exhibited as major factor for the declining share of north american region.
- Additionally, asia-pacific biometrics market is driven by increasing crime rate (crimes related to thefts and homicides), terrorist threats and shift from traditional smart card based systems towards biometric based systems across various countries in asia-pacific region.
- Another driver that boosts the growth of asia-pacific biometric market is the technological advancements including internet, mobile devices, software applications and biometrics innovation itself in which china, japan, india and south korea are taking the lead.
The electronic access control systems market has grown significantly in the asia pacific region due to heightened security concerns, the advent of ip-based surveillance systems and fewer biometric regulatory issues. Next biometrics (oslo bors: next), a global leader in fingerprint sensor technology, today announced that william yu has joined the company as vice president, asia pacific sales and china general manager. Key findings the global biometrics market is growing at a cagr of 1741% for the forecast period of 2018-2026 the market growth is being driven by advances in mobile biometric systems, increasing incidences of identity theft, and growing applications of biometrics.