Biometrics Technology Market to Rise owing to Increasing Security Concerns of Crimes and Terror Atta
Market Research, Biometrics Technology Market
Biometrics assists in authenticating a person’s identity based on unique biological characteristics. Particularly, conventional authentication methods such as personal identification cards, magnetic cards, keys, or passwords are susceptible to attacks and could be easily stolen. Biometrics technology recognizes a person on the basis of their face, fingerprints, signature, DNA, typing rhythms, iris pattern, etc., and imparts secure and convenient authentication. The flourishing prospects of internet-based commerce have led to a growing need for precise verification during accessing accounts. In these and several other applications, biometrics technology is the simplest and most convenient solution. These are the major factors that would support the growth of the global biometrics technology market till 2019.
The global biometrics market is expanding at an outstanding CAGR of 20.8% between 2013 and 2019 and is predicted to reach US$23.3 billion by the end of the forecast period.
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Biometrics Technology Market
, Market Research