New Research: Lucintel Predicts a Bright Future for the Global Biometric System Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the biometric system market”?
This market report for biometric system market identifies and predicts future opportunities for growth in global biometric system industry for various segments as well as for various regions such as North America, Europe, Asia-Pacific, and the Rest of the World. It also identifies growth opportunities in the government, commercial, healthcare, and banking sector.
According to Lucintel’s market report, The global biometric system market is expected to reach an estimated $32.4 billion by 2022 and it is forecast to grow at a CAGR of 15% from 2017 to 2022. Some of the dominant players in the global biometric system market are Safran SA, NEC Corporation, 3M Cogent, Precise Biometrics, and Fujitsu Ltd
There are some interesting developments in global Biometric system market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include development of advanced biometric modalities, such as body odour, ear pattern, and lip biometrics and increasing use of advanced biometric sensors
In this market, fingerprint, automated fingerprint identification system (AFIS), iris recognition, facial recognition, hand geometry, vein recognition, signature recognition, and voice recognition are the major biometric technologies used for identification and access control. Lucintel forecasts that AFIS is expected to remain the largest technology due to the increasing demand for various law enforcement and civil applications. The voice recognition technology segment is expected to experience the highest growth rate in the forecast period supported by increasing demand from the banking and finance sector in addition to the healthcare sector.
Read more about this report at

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