Global Biometrics Technology Market for Financial Services 2011-2014 by InfinitiResearch

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									            Global Biometrics Technology Market for
2011-2014              Financial Services




                                    technavio insights
            Global Biometrics Technology Market for
2011-2014              Financial Services




            CONTENTS


            01. Executive Summary ..............................................1

            02. Introduction ...........................................................2
            03. Market Coverage .................................................3

            04. Market Landscape ................................................4

            05. Vendor Landscape ...............................................7

            06. Market Growth Drivers ..........................................9
            07. Market Challenges .............................................11

            08. Market Trends ......................................................13

            09. Key Vendor Analysis ...........................................14
            09.1 Morpho ................................................................................. 14

            09.2 Cross Match Technologies Inc. ......................................... 16

            09.3 Suprema Inc. ........................................................................ 17

            09.4 3M Cogent. .......................................................................... 19

            10. Other Reports in this Series .................................20




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




            EXHIBITS

            Exhibit 1: Global       Biometrics        Technology           Market       for
                       Financial Services 2010–2014 (US$ billion) .........................4

            Exhibit 2: Global       Biometrics        Technology           Market       for
                       Financial          Services           by        Geographical
                       Segmentation 2010 ..............................................................6




2011-2014               Global Biometrics Technology Market for Financial Services
                                                         1
Global Biometrics Technology Market for Financial Services


        01. Executive Summary
                               2010: US$684 million
          Market Size
                               2014: US$2,629 million

          Growth Rate          40 percent CAGR

                               The Americas
          Key Geographies      EMEA
                               APAC

          Key Customer         Private Financial Institutions
          Segments             Government-owned Financial Institutions

                               Financial Institutions Progress toward Provision of Self-service
                               Facilities for End-users
          Trends
                               Verification Technology Boosting Biometrics
                               Financial Operations Using a Wide Range of Biometrics

                               Government Regulations
          Drivers              Need for Better Customer Service
                               Fraud Prevention with Measurable Return on Investment

                               Slow Adoption of Biometrics Technology by Banks
          Challenges           Low Awareness and Privacy Concerns
                               Competition from Alternative Technologies

                               Secure Authentication
          Key Customer Needs
                               Self-service Banking Functions

                               Morpho
                               Cross Match Technologies Inc.
          Key Vendors
                               Suprema Inc.
                               3M Cogent Inc.




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



        02. Introduction
        Biometrics is the process used for recognizing individuals based on their unique physical and
        behavioral characteristics. Globally, Financial Services are one among the leading end-user
        segments for biometrics technology. The Financial Services sector uses biometrics for the
        financial operations such as tele-banking and retail banking (ATMs), voice biometrics for
        telephone banking, and fingerprint recognition and hand geometry for ATMs for enhanced
        security, convenience, and to save time.

        The Global Biometrics Technology market for Financial Services is witnessing strong growth and is
        expected to post a CAGR of 40 percent for the period 2010–2014. Although the Americas is
        currently the major contributor, the Asia Pacific (APAC) region is expected to eventually emerge
        as a strong contributor to this market. Within the Financial Services sector, the Banks segment is
        expected to emerge as a strong contributor to this market. Increasing need for secure
        authentication and strong regulations are driving the Global Biometrics Technology market for
        Financial Servic
								
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