Research and Markets (http://www.researchandmarkets.com/research/f5n57m/biometrics_market)
has announced the addition of the "Biometrics
Market in Europe 2014-2018" report to their offering.
The Biometrics market in Europe will grow at a CAGR of 17.25% during the
Biometrics is a technology which helps to assess individuals on the
basis of their physical or behavioral patterns. It involves the
verification and identification of both physiological traits such as
fingerprints, face recognition, DNA, palm print, hand geometry, and iris
recognition, and behavioral traits such as keystroke patterns and speech
pattern/voice recognition. The data derived are then used for security
and authentication purposes, as it is difficult to forge biometric data.
Biometrics is mainly used for law enforcement, banking authentication,
and providing physical access. It helps provide an extra layer of
security for data access and individual identification.
According to the report, the growing need for advanced security in the
Government sector is one of the rivers in this market. Government
departments such as intelligence, defense, finance, and military are the
major users of facial recognition technology. To secure their perimeter,
government departments of various countries have installed stronger
security measures, including biometric security solutions. In recent
years, the Government sector has been the major contributor of revenue
for the market.
Further, the report states that one of the key challenges in the market
is the strong competition it faces from inexpensive non-biometric
technologies. The presence of low-cost alternative technologies such as
swipe cards, token-based two-factor authentication, and software
authentication is a major challenge affecting the growth of the
Biometrics market in Europe.
Other Prominent Vendors
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/f5n57m/biometrics_market
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