Global Biometrics Market in BFSI Sector is Predicted to Grow at a CAGR of 20% during the 2016 to 2020

MarketResearchReports.biz has recently announced the addition of a market study “ Global Biometrics Market in BFSI Sector 2016-2020 ”, is a comparative analysis of the global market.

About Biometrics Market in BSFI Sector

Security of data and financial assets have been a key concern for banks as well as for customers. Numeric keypads, keys, and identity badges were widely used to prevent unauthorized access to data and premises. With technological advancements, two-factor authentication was introduced, where individuals could gain access to secure premises after they are authenticated twice, via hardware devices and numeric codes. However, hackers can gain access to hardware devices and obtain numeric codes, which increases the security risks, especially in the BFSI sector.

Technavios analysts forecast the global biometrics market in BSFI sector to grow at a CAGR of 20% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global biometrics market in BSFI sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions in the BFSI sector, including insurance companies to mitigate insurance claim frauds.

The market is divided into the following segments based on geography:

APAC

Europe

MEA

North America

South America

Technavio’s report, Global Biometrics Market in BSFI Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Cross Match Technologies

Fujitsu

HID Global

M2SYS Technology

Safran

Other prominent vendors

ACTAtek

BioEnable

BioID

BioLink Solutions

Hitachi,

4G Identity Solutions

Nuance Communications

Suprema

Market driver

Increase in digitization of banking services

For a full, detailed list, view our report

Market challenge

High cost of deployment restricts adoption

For a full, detailed list, view our report

Market trend

Adoption of vein recognition in ATMs and POS terminals

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

Download The sample Copy Of This Report: www.marketresearchreports.biz/sample/sample/850947

Table Of Content

PART 01: Executive summary

Highlights

PART 02: Scope of the report

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Applications of biometrics in BFSI sector

Biometrics authentication in smartphones

PART 05: Market description

Biometrics workflow

Components of biometrics

Comparison of biometrics technologies in BFSI sector

Advantages and disadvantages of biometrics

PART 06: Market landscape

Market overview

PART 07: Technology life cycle

Technology life cycle in BFSI sector

Global biometrics market

Share of BFSI sector in global biometrics market

Global biometrics market in BFSI sector

PART 08: Market developments

PART 09: Market segmentation by technology

Global biometrics market in BFSI sector by technology

Global fingerprint identification market in BFSI sector

Global facial recognition biometrics market in BFSI sector

Global vein recognition biometrics market in BFSI sector

Global iris recognition biometrics market in BFSI sector

Global voice recognition biometrics in BFSI sector

PART 10: Geographical segmentation

Global biometrics market in BFSI sector by geography

Global biometrics market in BFSI sector by geography (revenue)

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