Data Bridge Market Research analyses that the market is growing with a CAGR of 15.7% in the forecast period of 2021 to 2028 and is expected to reach USD 5,762.94 thousand by 2028.
Biometrics in Government Market study analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This business report provides fact-based and penetrating insights from the customers. Thorough insights into emerging trends, opportunities and potential threats are offered via this report as it is the key to long-term sustenance in a competitive environment. An international Biometrics in Government Market report is the comprehensive and opens a door of international market for the products. The report gives helpful insights which assist while launching a new product.
Biometrics in Government Market Scope & Size:
The Asia Pacific biometrics in government market is segmented on the based on the mode, components, type, authentication, and application.
On the basis of mode, the Asia Pacific biometrics in government market is segmented into fingerprint recognition, face recognition, iris recognition, palmprint recognition, vein recognition, signature recognition, voice recognition, and others. In 2021, fingerprint recognition is expected to dominate the market owing to its high speed of detection and lower cost of deployment.
On the basis of components, the Asia Pacific biometrics in government market is segmented into hardware and software. In 2021, the hardware segment is expected to dominate the market due to higher revenue generated from this segment as compared to software per devices/system deployed.
On the basis of type, the Asia Pacific biometrics in government market is segmented into contactless, contact-based, and hybrid/multimodal. In 2021, contactless segment is expected to dominate the market due to concerns among consumers for hi-tech security.
On the basis of authentication, the Asia Pacific biometrics in government market is segmented into single factor authentication and multiple factor authentication. In 2021, single factor authentication segment is expected to dominate the market as the system is faster and simple in terms of deployment.
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Some of the key questions answered in this report:
How has the Biometrics in Government Market performed so far and how will it perform in the coming years?
What has been the impact of COVID-16.8 on the Biometrics in Government Market?
What are the key regional markets?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the injury location?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Biometrics in Government Market and who are the key players?
What is the degree of competition in the industry?
Market Analysis and Insight: Biometrics in Government Market
Biometrics is the measurement and statistical analysis of people's unique physical and behavioral characteristics. The technology is mainly used for identification and access control for identifying individuals who are under surveillance. The basic premise of biometric authentication is that every person can be accurately identified by their intrinsic physical or behavioral traits. The term biometrics is derived from the Greek words bio, meaning life, and metric, and meaning to measure. At the Department of Homeland Security, biometrics are used to detect and prevent illegal entry into the U.S., grant and administer proper immigration benefits, vetting and credentialing, facilitating legitimate travel and trade, enforcing federal laws, and enabling verification for visa applications to the U.S. Biometrics in government is majorly used for security and surveillance purposes in places of high risk and protection of sensitive information.
Rising use of biometrics in government for maintenance of central database of citizens for national ID is the major driving factor for the market growth. The risk of security due to data breach can prove to be a challenge. However, technological advancements in biometrics in government are expected to be a key opportunity. On the other hand, hindrances due to high deployment cost and the adversities faced due to the impact of Covid-19 on the supply chain of raw materials are key challenges impacting the market growth.
Biometrics in Government Market - Regional Level Analysis
The countries covered in the biometrics in government market report are China, South Korea, Japan, India, Singapore, Australia, Malaysia, Philippines, Thailand, Indonesia, and Rest of Asia Pacific. Japan dominates the market due to higher manufacturing facilities for biometrics in government.
Biometrics in Government Market - Share Analysis:
Asia Pacific biometrics in government market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company’s focus related to Biometrics in Government market.
Key player - Biometrics in Government Market
Major companies operating in the Asia Pacific biometrics in government market are
Paravision
Thales Group
NEC Corporation
HID Global Corporation
IDEMIA
Shenzhen Goodix Technology Co., Ltd
Aratek
Aware Inc.
Beijing Kuangshi Technology Co. Ltd.
BioEnable Technologies Pvt. Ltd.
BIO-key International Cognitec Systems GmbH
id3 Technologies
Integrated Biometrics
Jenetric GmbH
SecuGen Corporation
SenseTime among others domestic players.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Biometrics in Government Market Share by Product & Procedure type
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https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-biometri...
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