About Biometrics

Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft.

Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition.

Technavio’s analysts forecast the global biometrics market in the retail sector to grow at a CAGR of 21.30% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global biometrics market in the retail sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on technology:
• Fingerprint identification
• Facial recognition
• Hand geometry
• Vein recognition

Technavio's report, Global Biometrics Market in Retail Sector 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Crossmatch Technologies
• Honeywell Security
• M2SYS Technology
• NEC
• Safran
• Suprema

Other prominent vendors
• Allegion
• Ayonix
• BIO-key
• Biometric Time Clock Systems
• Cognitec Systems
• eSSL Security
• ePortID
• FingerCheck
• FUJITSU
• Herta Security
• TimeLabs
• Trac-Tech
• Tyco.

Market driver
• Emergence of contactless biometrics
• For a full, detailed list, view our report

Market challenge
• Security concerns
• For a full, detailed list, view our report

Market trend
• Incorporation of biometric workforce management systems at retail stores
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.