Next Generation Biometric Market to Surge at a Robust Pace in Terms of Revenue Over 2015 - 2021
The global next generation biometric market is expected to grow at a substantial growth rate due to the rising number of terrorists activitiesNew York City, )
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The market is driven by factors such as the growth in e-passport program, government support and extensive use in criminal identification. Growing the need for large scale surveillance at public gatherings and penetration of smartphones will also act as drivers for the global next generation biometrics market.
Some of the factors inhibiting the growth of the global next generation biometrics market are high cost of systems and fear of privacy intrusion. The growing use of biometric technology in e-commerce and cloud computing for biometric technology will serve as an opportunity, fuelling the growth of the global next generation biometric technology market.
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Some of the key players dominating the market are 3M, Cross Match Technologies, Inc., Facebanx, Fingerprint Cards AB, Fujitsu Ltd., Fulcrum Biometrics, NCE Corporation, RCG Holdings Limited, Safran SA, and Siemens AG among others.