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Covered in this Report• This report covers the present scenario and the growth
prospects of the global biometrics market in the BFSI sector for 2015-2019.
• To calculate the market size, the report considers revenue generated from the hardware, software, and integrated solutions segments.
• The revenue generated from aftersales services is not included in the market size calculation.
• Technavio's report, Global Biometrics Market in BFSI Sector 2015-2019, 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 in the coming years.
• The report includes a discussion of the key vendors operating in this market.
Global Biometrics Market in BFSI
Sector 2015-2019
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Market Overview• Biometrics helps identify individuals based on their
physical or behavioral features.
• It involves verification and identification of physiological traits through fingerprints, face recognition, DNA, palm vein prints, hand geometry, and iris recognition, and of behavioral traits through keystroke patterns and speech pattern/voice recognition.
• Biometrics technologies are considered more reliable compared to physical devices and numeric codes, as biometric traits will not change.
• Biometrics performs verification and identification processes to authenticate an individual.
• Technavio's analysts forecast the global biometrics market in the BFSI sector to grow at a CAGR of 21.83% during 2014-2019.
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BFSI Sector 2015-2019,please mail us at
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Key Vendors and Regions
• 3M Cogent
• 4G Identity Solutions
• Cross Match Technologies
• FUJITSU
• HID Global
• Safran
• ACTAtek
• BioEnable
• BioID
View Our Report: Global Biometrics Market in BFSI Sector 2015-2019
• North America
• Europe
• APAC
• Latin America
• MEA
Vendors Regions
USA – CANADA – UK – CHINA – INDIA
Key Findings
• Banks and financial institutions in developing regions are ready to adopt voice biometrics to confirm and verify the identity of their customers.
• Also, in the BFSI sector, voice recognition is likely to find greater adoption in the next two years, specifically in mobile banking, because voice biometrics is affordable and user-friendly, and also does not require any hardware investment.
• Voice biometrics enable the comparison of person's voice such as pitch, vocal tract, harmonics, and dialect to verify customer's identity through their voice patterns.
• Voice biometric solutions are increasingly becoming popular in the BFSI sector because it eliminates the need for PIN-based password.
• The adoption of voice biometrics in the BFSI sector is low in APAC because of lack of awareness. However, the adoption of voice biometrics is expected to increase in developing countries such as China and India.
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Key Questions Answered in Our 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?
Have a question of your own about this report?
Ask our Analysts
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About Technavio
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Global Biometrics Market in BFSI Sector 2015-2019
59 Pages | SKU: IRTNTR6795
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