The Biometric Scan Software Market Report scrutinizes the market by key industry peers, describe, to define and analyses the sales volume, opportunities, trend, growth, value, market share, market competition landscape and recent development.
Worldwide “Biometric Scan Software Market” report 2020 sheds light on key attributes of industry which contains market dynamics and growth of Biometric Scan Software industry in upcoming years. This report also provides in-depth information of major key players, segmentation and applications and geographically analysis and contains information about Industry overview, Definition, Specifications, raw material and Suppliers, Cost Structure Analysis, RandD Status and Technology Source. Biometric Scan Software market report presents the proficient and detailed analysis of the present situation of industry.
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The global biometric scan software market is expected to register a CAGR of about 10.48% during 2019-2024. Biometrics involves measuring of individual body characteristics, such as fingerprints, hand geometry, retinal patterns, voice recognition, among other physical features that are used to identify the authorized users to allow them access.
Top Manufacturers Listed in the Biometric Scan Software Market Report are:
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Detailed Overview about Biometric Scan Software Market:
– The growth in the study of biometrics has instigated better security authentication technology, compared to other security methods. The growing need for stringent security regulations in many sectors of the society has generated tremendous interest in biometrics that has raised the expectations from biometric scanning technologies.
– Biometric scanning technologies are fueling developments and improvements in the care delivery system in the healthcare sector. Moreover, incremental innovations in the field of communication have led to the use of IoT, thus, improving the healthcare management system. This factor has created an immense demand for biometric scan software in the current market scenario.
– The emergence of mobile identification solutions for providing access to invaluable information, such as positive identity verification, benefits verification, arrest records, restraining orders, and wants and warrants has been critical in new demand generation. The ability to use existing smartphones as the enabling device has pushed innovations in the market.
Scope of the Report:
With the biometric scan software, the physical characteristic that is supposed to examine is usually mapped to a username. The username datasheet is referred to make decisions on the level of access that can be granted after the physical characteristics of a person has been authenticated. Biometric scan software has different kinds of applications: government and homeland security, healthcare, IT and telecom, BFSI, travel and immigration. In terms of deployment also biometric scan software being segregated as cloud and on-premise.
Key Market Trends:
Healthcare Sector Expected to Hold Major Share
– In terms of the end-user industries, the healthcare sector is expected to drive technological transformation within the market. Biometric solutions in hospitals provide secure access to information and meaningful cost savings through fraud reduction. For instance, it cuts the cost associated with duplication of patient medical records, and thus, enhances the data security.
– Biometric scanning technologies are fueling developments and improvements in the care delivery system in the healthcare sector. Moreover, incremental innovations in the field of communication have led to the use of IoT, thus, improving the healthcare management system. This factor has created an immense demand for biometric scan software in the current market scenario.
– The increasing number of data breaches in the healthcare industry, giving rise to the adoption of biometric scan software. In 2018, multiple US-based global companies involved themselves in the healthcare sector including Arm, ForgeRock, Philips, Qualcomm Life, Sparsa, and US TrustedCare announced that they had banded together to establish “OpenMedReady“, a standards body focused on ensuring that the patient data used by healthcare practitioners is accurate. They indicated that smartphone-based fingerprint recognition will be a key element in their framework, as a means of tying medical data directly to patients.
North America to Account for the Major Market Share
– North America is one of the largest markets for biometric scan software and is largely driven by the swift market penetration and presence of large companies working on the technology.
– Stricter regulations for fraud detection and risk analysis are the driving factors for its paced adoption in the BFSI segments. The adoption of the security-related infrastructure in North America is profoundly impacted by the presence of regulatory as well as corporate policies of the businesses.
– A recent report by Spiceworks, an online IT community, on the adoption and security of biometric authentication technology in the corporate workplace showed that 62% of organizations in North America currently use some sort of biometric authentication technology. The community surveyed 492 professionals from North America and Europe in February 2018.
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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Biometric Scan Software market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Biometric Scan Software market forecast For the period of 2020-2023, this study provides the Biometric Scan Software sales, revenue and market share for each player covered in this report.
Reasons to Purchase the Biometric Scan Software Market Report:
– The report analyses how the shift towards safety will drive the global Biometric Scan Software market.
– Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
– Study on the product type that is expected to dominate the market.
– Study on the regions that are expected to witness fastest Biometric Scan Software Market growth during the forecast period.
– Identify the latest developments,Biometric Scan Software market shares and strategies employed by the major market players.
– Analyzing what will be the Biometric Scan Software Market size.
Major Points from Table of Contents:
1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Overview4.2 Introduction to Market Drivers and Restraints4.3 Market Drivers4.3.1 Increasing Need for Improved Workforce Management4.3.2 Increasing Demand for Safe and Secure Access4.4 Market Restraints4.4.1 Cost Involved in Deploying and Maintaining Biometric System Devices4.5 Value Chain / Supply Chain Analysis4.6 Industry Attractiveness – Porter’s Five Force Analysis4.6.1 Threat of New Entrants4.6.2 Bargaining Power of Buyers/Consumers4.6.3 Bargaining Power of Suppliers4.6.4 Threat of Substitute Products4.6.5 Intensity of Competitive Rivalry5 TECHNOLOGY SNAPSHOT5.1 Finger Print5.2 Palm Vein5.3 Iris5.4 Other Technologies (Face and Voice)6 MARKET SEGMENTATION6.1 By Authentication Solution6.1.1 Single-factor Authentication6.1.2 Multi-factor Authentication6.2 By Deployment6.2.1 Cloud6.2.2 On-premise6.3 By Application6.3.1 Government and Homeland Security6.3.2 Healthcare6.3.3 IT and Telecom6.3.4 BFSI6.3.5 Travel and Immigration6.3.6 Other Applications6.4 Geography6.4.1 North America6.4.2 Europe6.4.3 Asia-Pacific6.4.4 Latin America6.4.5 Middle East and Africa7 COMPETITIVE LANDSCAPE7.1 Company Profiles7.1.1 Gemalto NV (Thales Group)7.1.2 Fujitsu Limited7.1.3 Aware Inc.7.1.4 NEC Corporation7.1.5 M2SYS Inc.7.1.6 Suprema Inc.7.1.7 Siemens AG7.1.8 ImageWare Systems Inc.7.1.9 SIC Biometrics Global Inc.7.1.10 Bayometric8 INVESTMENT ANALYSIS9 MARKET OPPORTUNITIES AND FUTURE TRENDS
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