Return to: Electronics NewsBiometric System Market in Asia-Pacific is observed to witness the fastest growthA Biometric System is a technological system that requires biological data such as an individual’s face, fingerprints, iris, DNA, and typing rhythms for the identification of a person. It is used in various industries such as banking, consumer electronics, defense, government, healthcare, transport, and commercial safety and security. The global biometric system market is growing at a significant rate, due to a mounting number of government initiatives to implement biometrics and a growing need for surveillance and security. Different authentication types contributed to the biometric system market size. The market has witnessed a high demand for single-factor authentication in the coming years due to easy to install, cost-effective, and fast. On the basis of application, the biometric system market is subdivided into government, healthcare, automotive, banking & finance, travel & immigration, military & defense, consumer electronics, security, and others. Among all applications, the travel & immigration accounted for the largest share in the biometric system market due to the mounting necessity for security across border-crossing points. In addition, the automotive segment is expected to grow at a significant rate in the market due to the escalating number of vehicle theft instances, which is boosting the vehicle manufacturers to provide their products with biometrics systems, thus enhancing the security levels for their consumers. Get Free Report Sample at https://www.vynzresearch.com/semiconductor-electronics/biometric-system-market/request-sample A mounting number of government initiatives to implement biometrics, multiplying of biometric technology in applications such as financial institutes, automotive, and retail, growing need for surveillance and security, and enhanced convenience, secure identity management, and superior human resource management is the primary growth drivers for biometric system market. Geographically, North America the largest biometric system market due to increasing government initiatives. In addition, technological up-gradation and advancement and mounting concerns of safety and security are also facilitating the growth of the North American biometric system market. Asia-Pacific is observed to witness the fastest growth in the market due to increased travel and tourism activity. In addition, mounting concerns of safety and security and escalating government projects are also up surging growth of the Asia-Pacific biometric system market. Key players in the biometric system market are catering to the demand by collaborating, and acquiring with small players and investing in technologically advanced products across the globe. In February 2018, Fujitsu launched AuthConductor Client, a collection of biometric authentication software for PCs. In addition, in September 2018 Fujitsu Limited and Fujitsu Frontech Limited mutually developed biometric-enabled cashless gambling machines for the Japan Racing Association (JRA). Thales, Fujitsu Ltd., Safran, Secunet Security Networks AG, Precise Biometrics AB, NEC Corporation, Stanley Black & Decker, and Assa Abloy are the key players offering biometric system. Contact Us: VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch ... News Release: Biometric System Market in Asia-Pacific is observed to witness the fastest growth Submitted on: June 10, 2020 02:08:07 PM Submitted by: birendra kumar On behalf of: https://www.vynzresearch.com/semiconductor-electronics/biometric-system-market |