The "Biometric Scan Software Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The biometric scan software market is expected to register a CAGR of about 10.48% over the forecast period (2021 - 2026).
Gemalto NV (Thales Group)
ImageWare Systems Inc.
BioEnable Technologies Pvt. Ltd.
Corvus Integration Inc.
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 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.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 MARKET OVERVIEW
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Need for Improved Workforce Management
4.3.2 Increasing Demand for Safe and Secure Access
4.4 Market Restraints
4.4.1 Cost Involved in Deploying and Maintaining Biometric System Devices
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Biometric Type
5.1.2 Palm print
5.1.3 Facial Image
5.2 By End-user Industry
5.2.1 Government and Defense
5.2.3 IT and Telecom
5.2.5 Other End-user Industries
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Gemalto NV (Thales Group)
6.1.2 Aware Inc.
6.1.3 NEC Corporation
6.1.4 ImageWare Systems Inc.
6.1.6 BioEnable Technologies Pvt. Ltd.
6.1.7 Corvus Integration Inc.
6.1.8 Fulcrum Biometrics
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ffswak
View source version on businesswire.com: https://www.businesswire.com/news/home/20210225005566/en/
Laura Wood, Senior Press Manager
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