Global Biometrics Market in BFSI Sector 2015-2019

Global Biometrics Market in BFSI Sector 2015-2019

Category : ICT & Media
Published On : August  2015
Pages : 59



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About biometrics
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. In a verification process, a one-to-one matching method is used to verify the biometrics traits of an individual against a particular template in a database, whereas in an identification process, a one-to-many matching method is used wherein the biometrics traits of an individual is matched against all templates in the database to determine an individual's identity.

Biometrics is used for security purposes in the BFSI sector to prevent data breaches and identity theft. Finger scan, facial scan, iris scan, retina scan, signature scan, voice scan, and vein scan biometrics have been deployed worldwide in the BFSI sector for secure transaction and authentication of account and network access in banks. 

Technavio's analysts forecast the global biometrics market in the BFSI sector to grow at a CAGR of 21.83% during 2014-2019.

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.

The report provides a detailed analysis of the following:
• Technology: fingerprint identification, voice recognition, facial recognition, vein recognition, and iris recognition
• Geography: North America, APAC, Europe, Latin America, and MEA

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.

Key vendors
• 3M Cogent
• 4G Identity Solutions
• Cross Match Technologies
• FUJITSU
• HID Global
• Safran

Other prominent vendors
• ACTAtek 
• BioEnable
• BioID 
• EyeVerify
• Face Data 
• Fulcrum Biometrics 
• Hitachi 
• M2SYS Technology 
• Nuance Communications 
• TENBIO 

Market risk factor
• Security issues of biometric data
• For a full, detailed list, view our report

Market trend
• Emergence of mobile biometric payments
• For a full, detailed list, view our report

Key questions answered in this 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?

01. Executive Summary



02. List of Abbreviations



03. Scope of the Report



03.1 Market Overview



04. Market Research Methodology



04.1 Market Research Process



04.2 Research Methodology



05. Introduction



06. Market Description



06.1 Working of Biometrics Technologies used in BFSI Sector



06.1.1 Fingerprint Biometrics



06.1.2 Voice Biometrics



06.1.3 Facial Recognition



06.1.4 Vein Recognition



06.1.5 Iris Recognition



06.1.6 Conclusion



06.2 Comparison of Biometric Technologies used in BFSI Sector



06.2.1 Feature Comparison



06.2.2 FAR and FRR Comparison



06.3 Applications of Biometrics in Banking



06.3.1 Conclusion



06.4 Biometrics Authentication Technologies through Smartphones in BFSI Sector



06.5 Advantages and Disadvantages of Biometrics in BFSI Sector



07. Key Developments



07.1 Introduction of Multi-factor Authentication



08. Market Landscape



08.1 Market Overview



08.2 Product Life Cycle Analysis



08.3 Share of BFSI Sector in the Global Biometrics Market



08.4 Global Biometrics Market in BFSI Sector



08.4.1 Market Size and Forecast



08.5 Five Forces Analysis



09. Market Segmentation by Technology



09.1 Global Biometrics Market in BFSI Sector by Technologies 2014-2019



09.2 Global Fingerprint Biometrics in BFSI Sector



09.2.1 Market Size and Forecast



09.3 Global Facial Biometrics in BFSI Sector



09.3.1 Market Size and Forecast



09.4 Global Vein Biometrics in BFSI Sector



09.4.1 Market Size and Forecast



09.5 Global Iris Biometrics in BFSI Sector



09.5.1 Market Size and Forecast



09.6 Global Voice Biometrics in BFSI Sector



09.6.1 Market Size and Forecast



10. Geographical Segmentation



10.1 Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019



10.1.1 Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019 ($ millions)



10.1.2 Biometrics Market in BFSI Sector in North America



10.1.3 Biometrics Market in BFSI Sector in Europe



10.1.4 Biometrics Market in BFSI Sector in APAC



10.1.5 Biometrics Market in BFSI Sector in Latin America



10.1.6 Biometrics Market in BFSI Sector in MEA



11. Biometrics Risk Factors: BFSI Sector



12. Biometric Trends: BFSI Sector



13. Key Vendor Landscape



13.1 Key Vendors Matrix



13.2 Key Vendors Description



13.2.1 3M Cogent



13.2.2 Cross Match Technologies



13.2.3 Fujitsu



13.2.4 HID Global



13.2.5 Safran



13.2.6 4G Identity Solutions



13.3 Key Vendor's News Updates



13.3.1 Key Developments



13.3.2 Mergers and Acquisitions



14. Other Prominent Vendors



15. Key Vendor Analysis



16. Other Reports in this Series





List of Exhibits:

Exhibit 1: Market Research Methodology

Exhibit 2: Applications of Biometrics in Banking

Exhibit 3: Biometrics Authentication Technologies through Smartphones in BFSI Sector

Exhibit 4: Overview of Global Biometrics Market in BFSI Sector

Exhibit 5: Share of BFSI in the Global Biometrics Market 2014-2019

Exhibit 6: Global Biometrics Market in BFSI Sector 2014-2019 ($ million)

Exhibit 7: Global Biometrics Market in BFSI Sector by Technologies 2014-2019

Exhibit 8: Global Fingerprint Biometrics in BFSI Sector 2014-2019 ($ millions)

Exhibit 9: Global Fingerprint Biometrics in BFSI Sector 2014-2019 ($ millions)

Exhibit 10: Global Vein Biometrics in BFSI Sector 2014-2019 ($ millions)

Exhibit 11: Global Iris Biometrics in BFSI Sector 2014-2019 ($ millions)

Exhibit 12: Global Voice Biometrics in BFSI Sector 2014-2019 ($ millions)

Exhibit 13: Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019

Exhibit 14: Global Biometrics Market in BFSI Sector by Geographical Segmentation 2014-2019 ($ millions)


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