Marktanalyse - Global Biometrics Technology Market for Financial Services 2011-2014

TechNavio’s analysts forecast the Global Biometrics Technology market for Financial Services to grow at a CAGR of 40 percent over the period 2011—2014. One of the key factors contributing to this market growth is the Government Regulations. The Global Biometrics Technology market for Financial Services has also been witnessing financial institutions progress toward provision of self-service facilities for end-users. However, slow adoption of biometric technology by banks could pose a challenge to the growth of this market.

TechNavio’s report, Global Biometrics Technology Market for Financial Services 2011—2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, the EMEA and APAC regions; it also covers the Global Biometrics Technology market for the Financial Services landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include Morpho, Cross Match Technologies Inc., Suprema Inc. and 3M Cogent Inc.

Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?


Press Release:

TechNavio Announces the Publication of its Report - Global Biometrics Technology Market for Financial Services 2011-2014
TechNavio today launched its report Global Biometrics Technology Market for Financial Services 2011-2014 based on an in-depth study. The report aims to aid decision makers’ understanding of the key trends impacting the future of this market.

Commenting on the report, an analyst from TechNavio’s IT Security team said, 'For better service, to control cost, and to meet customer demand, financial institutions are moving the majority of services to internet to progress toward self-service. It is critical to identify and verify the individual at the other end of the transaction and this, currently, is the most important obstacle which financial institutions online dealings are getting affected. Biometric technology can help in providing a means to meet this demand.”

According to the report, in North America and South Asia, regulatory compliance is one of the biggest motivating factors in the adoption of biometric devices by financial institutions. Biometrics technology is known for its features such as high accuracy, capability to map an individual’s transaction to its account, and cost effectiveness. Moreover, customers are demanding secure authentication and this helps in improving regulations by the regulatory authorities. Some of the recent government regulations include the Federal Financial Institutions Examination Council (FFIEC) 2005, the Sarbanes-Oxley Act 2002 and the Basel II Accord 2004.

The report also discusses that the high cost of biometric solutions is a barrier to the adoption of biometrics technology.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies.

01. Executive Summary

02. Introduction

03. Market Coverage

04. Market Landscape

05. Vendor Landscape

06. Market Growth Drivers

07. Market Challenges

08. Market Trends

09. Key Vendor Analysis

09.1 Morpho

09.2 Cross Match Technologies Inc.

09.3 Suprema Inc.

09.4 3M Cogent.

10. Other Reports in this Series



List of Exhibits:

Exhibit 1: Global Biometrics Technology Market for Financial Services 2010—2014 (US$ billion)

Exhibit 2: Global Biometrics Technology Market for Financial Services by Geographical Segmentation 2010

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• Senior Finance
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• Global Legal Services
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• Legal Services in the United Kingdom
• ComparisonCheck Finanzen 2011
• Erfolgsfaktoren im Bausparkassen-Außendienst 2011
• Maklerpools aus Maklersicht 2011
• Assessing the Eastern European Payment Landscape (World)