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Global Biometrics Market in BFSI Sector 2015-2019

Category : ICT Media  | Published Date : Aug-2015 | Pages : 59
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About biometrics
Biometrics helps identify individuals based on their physical or behavioral features. It involves verification and identification of physiological traits through fingerprints, face recognition, DNA, palm vein prints, hand geometry, and iris recognition, and of behavioral traits through keystroke patterns and speech pattern/voice recognition. Biometrics technologies are considered more reliable compared to physical devices and numeric codes, as biometric traits will not change. Biometrics performs verification and identification processes to authenticate an individual. In a verification process, a one-to-one matching method is used to verify the biometrics traits of an individual against a particular template in a database, whereas in an identification process, a one-to-many matching method is used wherein the biometrics traits of an individual is matched against all templates in the database to determine an individuals identity.

Biometrics is used for security purposes in the BFSI sector to prevent data breaches and identity theft. Finger scan, facial scan, iris scan, retina scan, signature scan, voice scan, and vein scan biometrics have been deployed worldwide in the BFSI sector for secure transaction and authentication of account and network access in banks. 

Technavios analysts forecast the global biometrics market in the BFSI sector to grow at a CAGR of 21.83% during 2014-2019.

Covered in this Report
This report covers the present scenario and the growth prospects of the global biometrics market in the BFSI sector for 2015-2019. 

To calculate the market size, the report considers revenue generated from the hardware, software, and integrated solutions segments. The revenue generated from aftersales services is not included in the market size calculation.

The report provides a detailed analysis of the following:
• Technology: fingerprint identification, voice recognition, facial recognition, vein recognition, and iris recognition
• Geography: North America, APAC, Europe, Latin America, and MEA

Technavios report, Global Biometrics Market in BFSI Sector 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
• 3M Cogent
• 4G Identity Solutions
• Cross Match Technologies
• FUJITSU
• HID Global
• Safran

Other prominent vendors
• ACTAtek 
• BioEnable
• BioID 
• EyeVerify
• Face Data 
• Fulcrum Biometrics 
• Hitachi 
• M2SYS Technology 
• Nuance Communications 
• TENBIO 

Market risk factor
• Security issues of biometric data
• For a full, detailed list, view our report

Market trend
• Emergence of mobile biometric payments
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2019 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?
01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

03.1 Market Overview

04. Market Research Methodology

04.1 Market Research Process

04.2 Research Methodology

05. Introduction

06. Market Description

06.1 Working of Biometrics Technologies used in BFSI Sector

06.1.1 Fingerprint Biometrics

06.1.2 Voice Biometrics

06.1.3 Facial Recognition

06.1.4 Vein Recognition

06.1.5 Iris Recognition

06.1.6 Conclusion

06.2 Comparison of Biometric Technologies used in BFSI Sector

06.2.1 Feature Comparison

06.2.2 FAR and FRR Comparison

06.3 Applications of Biometrics in Banking

06.3.1 Conclusion

06.4 Biometrics Authentication Technologies through Smartphones in BFSI Sector

06.5 Advantages and Disadvantages of Biometrics in BFSI Sector

07. Key Developments

07.1 Introduction of Multi-factor Authentication

08. Market Landscape

08.1 Market Overview

08.2 Product Life Cycle Analysis

08.3 Share of BFSI Sector in the Global Biometrics Market

08.4 Global Biometrics Market in BFSI Sector

08.4.1 Market Size and Forecast

08.5 Five Forces Analysis

09. Market Segmentation by Technology

09.1 Global Biometrics Market in BFSI Sector by Technologies 2014-2019

09.2 Global Fingerprint Biometrics in BFSI Sector

09.2.1 Market Size and Forecast

09.3 Global Facial Biometrics in BFSI Sector

09.3.1 Market Size and Forecast

09.4 Global Vein Biometrics in BFSI Sector

09.4.1 Market Size and Forecast

09.5 Global Iris Biometrics in BFSI Sector

09.5.1 Market Size and Forecast

09.6 Global Voice Biometrics in BFSI Sector

09.6.1 Market Size and Forecast

10. Geographical Segmentation

10.1 Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019

10.1.1 Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019 ($ millions)

10.1.2 Biometrics Market in BFSI Sector in North America

10.1.3 Biometrics Market in BFSI Sector in Europe

10.1.4 Biometrics Market in BFSI Sector in APAC

10.1.5 Biometrics Market in BFSI Sector in Latin America

10.1.6 Biometrics Market in BFSI Sector in MEA

11. Biometrics Risk Factors: BFSI Sector

12. Biometric Trends: BFSI Sector

13. Key Vendor Landscape

13.1 Key Vendors Matrix

13.2 Key Vendors Description

13.2.1 3M Cogent

13.2.2 Cross Match Technologies

13.2.3 Fujitsu

13.2.4 HID Global

13.2.5 Safran

13.2.6 4G Identity Solutions

13.3 Key Vendor's News Updates

13.3.1 Key Developments

13.3.2 Mergers and Acquisitions

14. Other Prominent Vendors

15. Key Vendor Analysis

16. Other Reports in this Series

List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Applications of Biometrics in Banking
Exhibit 3: Biometrics Authentication Technologies through Smartphones in BFSI Sector
Exhibit 4: Overview of Global Biometrics Market in BFSI Sector
Exhibit 5: Share of BFSI in the Global Biometrics Market 2014-2019
Exhibit 6: Global Biometrics Market in BFSI Sector 2014-2019 ($ million)
Exhibit 7: Global Biometrics Market in BFSI Sector by Technologies 2014-2019
Exhibit 8: Global Fingerprint Biometrics in BFSI Sector 2014-2019 ($ millions)
Exhibit 9: Global Fingerprint Biometrics in BFSI Sector 2014-2019 ($ millions)
Exhibit 10: Global Vein Biometrics in BFSI Sector 2014-2019 ($ millions)
Exhibit 11: Global Iris Biometrics in BFSI Sector 2014-2019 ($ millions)
Exhibit 12: Global Voice Biometrics in BFSI Sector 2014-2019 ($ millions)
Exhibit 13: Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019
Exhibit 14: Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019 ($ millions)
...
Publisher Name : Technavio

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