Paul Thomen

Thursday, 10 April 2014

Comprehensive Analysis on Next Generation Biometric Industry to 2020

The report “Next Generation Biometric Market by Technology (Fingerprint, Palm, Face, Iris, Vein, Voice & Signature), Function, Application (Government, Defense, Travel & Immigration, Home Security, Banking, Consumer Electronics & so on) & by Geography – Forecasts & Analysis 2014 – 2020″ by MarketsandMarkets is now available at The biometric market will be worth $23.54 billion by 2020 at an estimated CAGR of 17.6%. This report describes the various types of biometric technology such as face, fingerprint, iris, voice, signature, vein, and DNA recognition that are being used for different applications. Out of all the above types, face, fingerprint, and iris recognition are commonly used in most of the applications. Fingerprint recognition is the oldest type of biometric authentication and can be seen at banks, ATMs, and various government offices.

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