Next Generation Biometrics Market Likely to Emerge over a Period of 2016 - 2024

Posted by Katheine Silway on April 20th, 2021

Global Next Generation Biometrics Market: Overview

The identification and security systems deployed across organizations have evolved a great deal in the past few years. Many recent advances introduced in these systems have considerably benefited businesses worldwide in fortifying their security. Next generation biometrics is one such technology that has been witnessing rising demand around the world.

Biometrics technologies are automated methods used for verifying and authenticating the identity of a person based on behavioral or physical characteristics such as fingerprints, voice patterns, vein and signature patterns, Next Generation Biometricsial patterns, hand measurements, and eye retina and iris. Biometrics has emerged as a popular method of verifying the identity of a person under surveillance. The basic premise of the technology is based on the Next Generation Biometricst that every person is unique and it is possible to identify him/her by the intrinsic physical or behavioral traits.

Next generation biometrics has gained incredible popularity in the last few years, mainly because of the favorable government initiatives adopted globally to restrict illegal entry. The technology has also gained impetus from the introduction of e-passports and its increasing use in criminal identification. Furthermore, the growing use of biometrics in cloud computing and e-commerce solutions is expected to provide lucrative opportunities for the global next generation biometrics market.

This multi-billion dollar market is anticipated to further gain from the rising applications in the travel and immigration industries. Over the report’s forecast period, the market is poised to exhibit an impressive CAGR. The report a comprehensive overview of the next generation biometrics market, presenting insights into the key drivers and restraints impacting the market’s growth.