Biometrics in Government Market Research Report by Forecast to 2025Posted by Kiran on February 18th, 2020 Biometrics in Government Market Insight:The global biometrics government market is anticipated to register expansion at 17.09% CAGR and to witness substantial growth during the forecast period (2018-2025). The market is also recorded to record a valuation of USD 16,252.2 Million by 2025 from USD 5,460.1 Million in 2018, asserts Market Research Future in its comprehensive study. Rising adoption of biometrics has made the global biometric government market a booming one. Increasing government’s initiatives along with rising efforts to mitigate terrorism threats are playing a distant role in shaping the global biometric government market. Among other issues, technological upgrades and advancements in biometrics are also pressing concerns to the market’s expansion. Also, these are bringing more and more opportunities for the new market players to invest in the product’s proliferation over the forecast period. At present, the biometrics market has become highly competitive with the presence of various government vendors that are offering feature-rich and innovative solutions to the government customers. The option for Biometrics in Government Market Size has become a preferred one for government agencies for authentication and identification purposes, which is also making the market transparent than before and thus, gaining much traction in its growth period. Furthermore, with the advent of newer technologies, biometrics in government are also serving in the growing need for surveillance and security in countries or regions, which is yet vital factor behind the market’s growth. These factors have eventually spurred the need for installation of biometric ion government offices and agencies. On the flip side, factors such as data privacy concerns amidst the masses could pose as a serious challenge for the government at the time of implementing biometric technology-based systems across public services and resulting in sluggish market growth during the forecast period. Access Report Details @https://www.marketresearchfuture.com/reports/biometrics-government-market-8035 Major Key Players:The well-known players of global Biometrics in Government Market are listed as BioEnable Technologies Pvt. Ltd (India), HID Global Corporation (US), Aware Inc (US), Gemalto NV (Netherlands), NEC Corporation (Japan), Jenetric GmbH (Germany), Innovatrics (Slovakia), IDEMIA (France), and id3 Technologies (France), and to name a few. Market Segmentation:The global market for biometric government, as per the market, has been segmented by the elements of type and application. In terms of type: Fingerprint identification, DNA analysis, iris recognition, face recognition, and voice recognition. Among these, the facial recognition segment was earlier valued at USD 7.7 billion, and now it is anticipated to record the higher CAGR during the assessment period. On the other hand, DNA analysis segment also registered the second-highest CAGR as it is highly used in forensic and healthcare biometric systems. Whereas, iris recognition uses pattern-recognition techniques to verify the identity of a person along with using various colors and patterns, which is unique to every individual. Voice recognition technology also uses specialized software and systems to distinguish, identify, and authenticate the voice of the individual speaker. In terms of application: Border control, public safety, e-passport, voter registration, latent fingerprint matching, national ID, E-visas, healthcare, and welfare. Among these, the border control segment had a larger market share in 2018 and now is gaining the maximum traction. The e-passport segment recorded for the second-largest market in 2018. The public safety segment is anticipated to register the higher CAGR during the forecast period. Regional Outlook:Region-wise, the analysis of the global biometrics government market has been studied among the regions of Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America. Among these, North America is sited to lead the biometrics government market during the assessment period owing to the high adoption of biometrics by the developed countries is eventually resulting in remarkable growth. Along with this, the Department of Homeland Security (DHS) and the Department of Defense (DoD) are progressively integrating a range of biometric technologies for the activities such as immigration & border management, law enforcement, intelligence & counterterrorism, access control, and credentialing. The market of biometrics government market in the Asia Pacific is also anticipated to be the grow at a faster note owing to increasing awareness about the technology. Countries such as China and India have observed high growth rates in the region. Certain initiatives, such as e-KTP electronic ID initiative in Indonesia and the UIDAI project in India, use face, fingerprints, and eyes biometrics, which are also expected to provide new opportunities to the market. Industry News:September 7, 2019: Gujarat government launches biometric online attendance system at 40,000 schools that will move to a similar system to ensure no teacher or government employee indulged in absenteeism. At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact: Market Research Future Office No. 524/528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it! More by this author |