Global Biometrics Market Key Trends, Application Analysis, Regional Outlook & Forecasts to 2016

Global Biometrics Market in Retail Sector market, Key Trends, Application Analysis, Regional Outlook & Forecasts to 2016

Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft.

Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition.

Technavio's analysts forecast the global biometrics market in the retail sector to grow at a CAGR of 21.30% during the period 2016-2020.

Covered in this report 

The report covers the present scenario and the growth prospects of the global biometrics market in the retail sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

Key questions answered in this reports

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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