Biometric System Quadrant Report

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Biometric System Market (Global) Company Evaluation Quadrant
Published on
Oct'2019
Pages
66
Code
360-SE 3449
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Biometrics is defined as the physical and behavioral characteristics of a human body that can be measured in various forms. The Biometric system technology identifies an individual through the verification of physical and behavioral attributes, such as fingerprints; eye retinas and irises, deoxyribonucleic acid (DNA), voice & facial patterns; and hand measurements for authentication purposes.

The biometric system market is growing at a rapid pace, mainly due to its increased adoption in consumer electronics and the growing need for surveillance and security. The biometric system market is expected to reach USD 65 billion by 2024 at a CAGR of 14.6% during the forecast period.

AN INCREASED USE OF BIOMETRICS IN CONSUMER ELECTRONICS DEVICES TO DRIVE BIOMETRIC SYSTEM MARKET

This report identifies and benchmarks the best companies in the biometric system market such as Thales, Safran, NEC, ASSA ABLOY, and Fujitsu, and evaluates them on the basis of business strategy excellence and strength of product portfolio within the biometric system ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders (top companies), Dynamic Differentiators, Innovators, or Emerging companies.

The report includes market-specific company profiles of 20 best biometric system vendors and assesses the recent developments that shape the competitive landscape of this highly fragmented market.


List of companies evaluated and profiled in the report:

  • ASSA ABLOY
  • AWARE
  • BIO-KEY
  • COGNITEC SYSTEMS
  • DAON
  • FACEBANX
  • FUJITSU LTD.
  • FULCRUM BIOMETRICS
  • INTEGRATED BIOMETRICS
  • M2SYS TECHNOLOGY
  • NEC CORPORATION
  • PRECISE BIOMETRICS, INC
  • QUALCOMM
  • SAFRAN
  • SECUNET SECURITY NETWORKS AG
  • SECURIPORT
  • STANLEY BLACK & DECKER, INC.
  • SUPREMA
  • THALES GROUP
  • VASCO DATA SECURITY

Table of Contents

1 Introduction
   1.1 Definition

2 Market Overview
   2.1 Introduction
   2.2 Market Dynamics
          Figure 1 Increasing Use of Biometrics in Consumer Electronics Devices to Drive Biometric System Market
          2.2.1 Drivers
                    2.2.1.1 Increasing Use of Biometrics in Consumer Electronics Devices to Provide Seamless Access Over Different Applications
                    2.2.1.2 Rising Number of Government Initiatives to Adopt Biometrics
                    2.2.1.3 Growing Need for Surveillance and Security Owing to Threats of Terrorist Attacks
                    2.2.1.4 Proliferation of Biometric Technology in Automotive Enterprise Applications
                    2.2.1.5 Increased Convenience, Secure Identity Management, and Superior Human Resource Management
          2.2.2 Restraints
                    2.2.2.1 High Deployment Cost
          2.2.3 Opportunities
                    2.2.3.1 Technological Developments
          2.2.4 Challenges
                    2.2.4.1 Data Security Concerns
   2.3 Value Chain Analysis
          Figure 2 Value Chain: Biometric System Market, 2018

3 Company Evaluation Quadrant
   3.1 Visionary Leaders
   3.2 Dynamic Differentiators
   3.3 Innovators
   3.4 Emerging Companies
          Figure 3 Biometric System Market (Global) Company Evaluation Quadrant

4 Competitive Landscape
   4.1 Overview
          Figure 4 Companies Adopted Product Developments and Launches as Key Growth Strategies Over the Last 4 Years (2016–2019)
   4.2 Ranking Analysis
          Table 1 Ranking Analysis of Top 5 Players in Biometric System Market
   4.3 Competitive Scenario
         4.3.1 Product Developments and Launches
                   Table 2 Product Developments and Launches, 2018–2019
         4.3.2 Partnerships, Agreements, and Collaborations
                   Table 3 Partnerships, Agreements, and Collaborations, 2018–2019
         4.3.3 Acquisitions
                   Table 4 Acquisitions, 2016–2019
         4.3.4 Investments and Expansions
                   Table 5 Investments and Expansions, 2016–2018

5 Company Profiles
   5.1 Thales
         5.1.1 Business Overview*
                   Figure 5 Thales: Company Snapshot
         5.1.2 Products and Solutions Offered
         5.1.3 Recent Developments*
         5.1.4 SWOT Analysis*
         5.1.5 MnM View*
         (*Above sections are present for all of below companies)
   5.2 Safran
          Figure 6 Safran: Company Snapshot
   5.3 NEC
          Figure 7 NEC: Company Snapshot
   5.4 ASSA ABLOY
          Figure 8 ASSA ABLOY: Company Snapshot
   5.5 Fujitsu
          Figure 9 Fujitsu: Company Snapshot
   5.6 Precise Biometrics
          Figure 10 Precise Biometrics: Company Snapshot
   5.7 Secunet Security Networks
          Figure 11 Secunet Security Networks: Company Snapshot
   5.8 Stanley Black & Decker
          Figure 12 Stanley Black & Decker: Company Snapshot
   5.9 Aware
          Figure 13 Aware: Company Snapshot
   5.10 Cognitec Systems

6 Appendix
   6.1 Other Significant Companies
         6.1.1 Daon
         6.1.2 Facebanx
         6.1.3 Bio-Key International
         6.1.4 Securiport
         6.1.5 M2SYS Technology
         6.1.6 Suprima
         6.1.7 Fulcrum Biometrics
         6.1.8 Vasco Data Security International
         6.1.9 Qualcomm
         6.1.10 Integrated Biometrics
   6.2 Methodology

This report identifies and benchmarks best biometric system vendors such as Thales, Safran, NEC, ASSA ABLOY, and Fujitsu., and evaluates them on the basis of business strategy excellence and strength of product portfolio within the biometric system market ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant,’ and identified as Visionary Leaders, Dynamic Differentiators, Innovators, or Emerging companies. 

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