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Global Biometric Scan Software Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Biometric Scan Software

The report focuses on the favorable Global “Biometric Scan Software market” and its expanding nature. The Biometric Scan Software market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • 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.
  • – 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.

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    Key Manufacturers

  • Gemalto NV (Thales Group)
  • Fujitsu Limited
  • Aware Inc.
  • NEC Corporation
  • M2SYS Inc.
  • Suprema Inc.
  • Siemens AG
  • ImageWare Systems Inc.
  • SIC Biometrics Global Inc.
  • Bayometric

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Biometric Scan Software market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Biometric Scan Software market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Biometric Scan Software market have also been involved in the study.

    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 & immigration. In terms of deployment also biometric scan software being segregated as cloud and on-premise.

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    TOC of Biometric Scan Software Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Biometric Scan Software market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Biometric Scan Software Market Report Covered:

    • The report analyses how Biometric Scan Software market will grow in the future.
    • Analyzing various perspectives of the Biometric Scan Software market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Biometric Scan Software market shares and policies employed by the major market players.
    • Competitive landscape including the Biometric Scan Software market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Biometric Scan Software market players

    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 in February 2018.

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    Study objectives of Biometric Scan Software Market Report:

    • To provide a detailed analysis of the market structure along with the Biometric Scan Software market forecast of various segments and sub-segments of the Biometric Scan Software market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Biometric Scan Software market trends that influence the global Biometric Scan Software market

    Detailed TOC of Biometric Scan Software Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Need for Improved Workforce Management
    4.3.2 Increasing Demand for Safe and Secure Access
    4.4 Market Restraints
    4.4.1 Cost Involved in Deploying and Maintaining Biometric System Devices
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY SNAPSHOT
    5.1 Finger Print
    5.2 Palm Vein
    5.3 Iris
    5.4 Other Technologies (Face and Voice)

    6 MARKET SEGMENTATION
    6.1 By Authentication Solution
    6.1.1 Single-factor Authentication
    6.1.2 Multi-factor Authentication
    6.2 By Deployment
    6.2.1 Cloud
    6.2.2 On-premise
    6.3 By Application
    6.3.1 Government and Homeland Security
    6.3.2 Healthcare
    6.3.3 IT and Telecom
    6.3.4 BFSI
    6.3.5 Travel and Immigration
    6.3.6 Other Applications
    6.4 Geography
    6.4.1 North America
    6.4.2
    6.4.3 Asia-Pacific
    6.4.4 Latin America
    6.4.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Gemalto NV (Thales Group)
    7.1.2 Fujitsu Limited
    7.1.3 Aware Inc.
    7.1.4 NEC Corporation
    7.1.5 M2SYS Inc.
    7.1.6 Suprema Inc.
    7.1.7 Siemens AG
    7.1.8 ImageWare Systems Inc.
    7.1.9 SIC Biometrics Global Inc.
    7.1.10 Bayometric

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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