Biometrics Market in China to Grow at 14.8% CAGR by 2019

(EMAILWIRE.COM, January 08, 2015 ) Dallas, TX and Beijing, China -- Biometrics is a technology used to identify individuals on the basis of their physical or behavioral patterns. It involves the verification and identification of both physiological traits, such as fingerprints, facial features, DNA, palm prints, hand geometry, and iris patterns, and behavioral traits, such as keystroke patterns and speech patterns/voice recognition. The data derived are then used for security and authentication purposes as it is difficult to forge biometric data. Biometrics is used for law enforcement and banking authentication, as well as to provide physical access. It helps provide an extra layer of security for data access and individual identification.

Analysts forecast the Biometrics market in China to grow at a CAGR of 14.8 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Biometrics market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of biometrics solutions:

• Fingerprint Identification

• Face Recognition

• Iris Recognition

• Voice Biometrics

• Palm View Biometrics

• Others

The report also provides detailed analysis of the following end-users using biometrics in China:Government sector

• Transit sector

• BFSI sector

• Healthcare sector

• Retail sector

It presents the vendor landscape and a detailed analysis of the top four vendors in the market. In addition, the report discusses major drivers that influence the growth of the Biometrics market in China. It also outlines the challenges faced by vendors and the market at large, as well as key trends that are emerging in the market.

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Key Vendors

• NEC

• Safran

• Suprema

• ZK Technology

Other Prominent Vendors

• Ayonix

• BioEnable Technologies

• Cross Match Technologies

• Fujistu

• HID Global

• Hitachi

• Honeywell

• Precision Biometric

• Rosslare Security

Market Driver

• Increasing Demand for E-passport and National ID Cards

Market Challenge

• Strong Competition from Inexpensive Non-biometric

Technologies

Market Trend

• Emergence of Mobile Biometrics System

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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?

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Biometrics Market in China to Grow at 14.8% CAGR by 2019