- August 2019 |
- Electronics Services / Electronics and Semiconductor
Biometric System Market by Authentication Type (Single-Factor and Multifactor), by Functionality Type (Contact, Non-Contact, and Combined), by Application (Government, Military & Defense, Healthcare, Banking & Finance, Travel & Immigration, Automotive, and Others), by Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America), Global Industry Insights, Trend Analysis, Competitive Market Share and Forecast, 2015-2025
Biometric System Market: Overview
A biometric system provides a high degree of accuracy and security. The emergent adoption of the technology in the e-commerce industry for secure payments, growing applications within the finance industry, and increasing security concerns are anticipated to propel the market during the forecast period. With biometric technology, there are reduced frauds and security breaches as compared to traditional methods like the use of tokens and passwords. Surging demand for biometric technology across various applications is estimated to favor the growth of the market over the...