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Thursday, Nov 23, 2017


Global Government Biometric Market to Value $62.8 Bn Over 2017-2027

According to this latest report, now available on ASDReports, ‘The Government Biometric market is expected to register a CAGR of 6.37%, to reach US$7.9 billion in 2027. The market consists of five segments: Facial Recognition, Fingerprint Recognition, Signature Recognition, Iris/Retinal Recognition and Other Technologies. The fingerprint identification segment is expected to account for largest share, 36.4% of the market, followed by the facial recognition segment. Currently, North America dominates the sector with a share of 47.9%, followed by Asia-Pacific and Europe.

Drivers

Related Research on ASDReports.com:
Global Government Biometrics Market 2017-2027

  • Government and law enforcement projects to boost demand for biometric systems
  • Technological upgrades and advancements acting as a key driver for spending on the market

Trends

  • Biometric ID cards continue to replace conventional identity cards world-wide
  • Multimodal biometrics are more in demand over Unimodal biometrics
  • Governments use of biometrics to secure borders to foster demand
  • Mobile Biometrics devices are becoming popular with various governments

Challenges

  • Data hacking pose a serious threat to biometric solutions
  • Privacy of data and protection of civil rights poses a challenge for biometric systems market
  • Complexity and cost of deployment, a key barrier for the biometric systems market

Read more on ASDReports or Download Report Information

Source : ASDReports - Market Research - view original press release

Published on ASDNews: Oct 12, 2017

 

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