MarketResearchNest.com adds “Global Biometrics Market 2017-2021” new report to its research database. The report spread across 70 pages with table and figures in it.
Research analysts forecast the global biometrics market in the education sector to grow at a CAGR of 26.28% during the period 2017-2021.
Biometrics systems help in identifying and verifying a person based on his/her physical or behavioral traits. A biometric system offers an advantage over the traditional bar code or ID systems — Traits of an individual, also known as biometrics factors can never be lost or stolen. There are various biometrics solutions in the market. Some of them are iris recognition, facial recognition, fingerprint recognition, palm vein recognition, and signature recognition solutions. Among these, the fingerprinting technology holds the largest market share. The high market share is because, this system is easy to install and use, and is less expensive in comparison to other biometrics systems.
Covered in this report
The report covers the present scenario and the growth prospects of the global biometrics market in the education sector for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
- North America
Technavio’s report, Global Biometrics Market in the Education Sector 2017-2021, 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.
Technavio Announces the Publication of its Research Report – Global Biometrics Market in the Education Sector 2017-2021
Technavio recognizes the following companies as the key players in the global biometrics market in the education sector: BIO-key, BioLink Solutions, BioStore, Capture Innovative Solutions, and SMI Global.
Other Prominent Vendors in the market are: BioID Technologies, Biometric Solution, Fujitsu, HID Global, Nuance, Solus, and Star Link.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Integration of biometrics in smart cards. A smart card made of plastic has an integrated circuit with useful and meaningful data. Some examples of smart cards are debit cards or credit cards. Biometric smart cards contain biometrics data of an individual for verification and authentication of the owner of the card.”
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According to the report, one of the major drivers for this market is Emergence of multimodal biometrics systems. Factors driving the significant adoption rate of multimodal biometrics are reliability, safety, and superior accuracy features. In addition, the use of multimodal authentication systems can help in reducing the number of spoofing attacks. Spoofing occurs when an unauthenticated entity tries to access the system through artificial cloned fingers. Multimodal biometrics includes fingerprint or palm vein technology, which is effective in eliminating spoofing attacks. This method of determining and preventing biometrics spoofing is liveness detection. The liveness feature of multimodal biometrics can differentiate between original and artificial samples by measuring biometrics features such as blood flow, temperature, and humidity.
Further, the report states that one of the major factors hindering the growth of this market is High-cost of biometrics systems/increase in total cost of ownership. Small-scale biometrics systems installations are affordable. However, installing these systems at a large scale is expensive. This is because there is no one-time initial expenditure, which elucidates only the buying of biometrics systems or installing the software and hardware. There are many types of biometrics systems used in educational institutions. The types include fingerprinting, iris, and facial recognition technologies. Each type has a different cost associated with it.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 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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Mr. Jeet Jain