Biometric Scan Software Market 2021 Precise Outlook – Gemalto NV (Thales Group), Fujitsu Limited, Aware Inc., NEC Corporation

Global Biometric Scan Software Market Size, Status and Forecast 2021-2025

The Biometric Scan Software Market report provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments and focuses on market capacities and on the changing structure of the Biometric Scan Software.

The biometric scan software market is expected to register a CAGR of about 10.48%, during 2020-2025.

– The growth in the study of biometrics has instigated better security authentication technology, compared to other security methods. The growing need for stringent security regulations in many sectors of the society has generated tremendous interest in biometrics that has raised the expectations from biometric scanning technologies.
– Biometric scanning technologies are fueling developments and improvements in the care delivery system in the healthcare sector. Moreover, incremental innovations in the field of communication have led to the use of IoT, thus, improving the healthcare management system. This factor has created an immense demand for biometric scan software in the current market scenario.
– The emergence of mobile identification solutions for providing access to invaluable information, such as positive identity verification, benefits verification, arrest records, restraining orders, and wants and warrants has been critical in new demand generation. The ability to use existing smartphones as the enabling device has pushed innovations in the market.

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Top Leading Companies of Global Biometric Scan Software Market are Gemalto NV (Thales Group), Fujitsu Limited, Aware Inc., NEC Corporation, M2SYS Inc., Suprema Inc., Siemens AG, ImageWare Systems Inc., SIC Biometrics Global Inc., Bayometric and others.

Industry News and Updates:

– March 2019 – Fujitsu’s Online Biometric Authentication Service was adopted by TEPCO Systems Corporation for to improve the efficiency of the operations of the company that handles utility pole maintenance operations, as well as to ensure safety for the local region.
– April 2019 – SIC Biometrics Global Inc. introduced new biometric handheld device , “IdentiFI-50” from SIC Biometrics which could prove to be a powerful tool in law enforcement, banking, and other application areas.

Key Market Trends:

Healthcare Sector Expected to Hold Major Share

– In terms of the end-user industries, the healthcare sector is expected to drive technological transformation within the market. Biometric solutions in hospitals provide secure access to information and meaningful cost savings through fraud reduction. For instance, it cuts the cost associated with duplication of patient medical records, and thus, enhances the data security.
– Biometric scanning technologies are fueling developments and improvements in the care delivery system in the healthcare sector. Moreover, incremental innovations in the field of communication have led to the use of IoT, thus, improving the healthcare management system. This factor has created an immense demand for biometric scan software in the current market scenario.
– The increasing number of data breaches in the healthcare industry, giving rise to the adoption of biometric scan software. In 2018, multiple US-based global companies involved themselves in the healthcare sector including Arm, ForgeRock, Philips, Qualcomm Life, Sparsa, and US TrustedCare announced that they had banded together to establish OpenMedReady, a standards body focused on ensuring that the patient data used by healthcare practitioners is accurate. They indicated that smartphone-based fingerprint recognition will be a key element in their framework, as a means of tying medical data directly to patients.

North America to Account for the Major Market Share

– North America is one of the largest markets for biometric scan software and is largely driven by the swift market penetration and presence of large companies working on the technology.
– Stricter regulations for fraud detection and risk analysis are the driving factors for its paced adoption in the BFSI segments. The adoption of the security-related infrastructure in North America is profoundly impacted by the presence of regulatory as well as corporate policies of the businesses.
– A recent report by Spiceworks, an online IT community, on the adoption and security of biometric authentication technology in the corporate workplace showed that 62% of organizations in North America currently use some sort of biometric authentication technology. The community surveyed 492 professionals from North America and Europe in February 2018.

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Highlights of the Biometric Scan Software Market Report:

– Detailed overview of Biometric Scan Software Market
– Changing the Biometric Scan Software market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Biometric Scan Software market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Biometric Scan Software Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Biometric Scan Software Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Biometric Scan Software industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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