SOURCE: Radiant Insights, Inc.

Radiant Insights, Inc.

January 28, 2016 07:15 ET

Biometrics Market Worth $44.2 Billion by 2021: Radiant Insights, Inc.

SAN FRANCISCO, CA--(Marketwired - Jan 28, 2016) - The Global biometrics market is projected to attain USD 44.2 billion by 2021. It had a prior estimated revenue totaling USD 7 billion in 2014. Biometrics in commercial and government sectors can serve as identity proof. Use of this technology to get rid of terrorist concerns will spur market demand in the years ahead.

Biometrics can identify a person based on its physical characteristics. Common characteristics are DNA, fingerprints, voice, and face. Most modern hybrid biometrics employs onboard fingerprint readers. Portability issues have led to breakthroughs resulting in different weights, sizes, and battery length.

Browse full research report with TOC on "Biometrics: Market Shares, Market Strategies, and Market Forecasts, 2015 to 2021" at: http://www.radiantinsights.com/research/biometrics-market-shares-market-strategies-and-market-forecasts-2015-to-2021

Automated fingerprint identification systems (AFIS), non-AFIS, facial recognition, iris scans, biometric signatures, data encoders, bar coders, and document scanners are various devices in the biometric market. Technology breakthroughs, improved mobile technology, and miniaturization have made unimaginable scenarios possible. Voter registration is possible in economies with low-literacy rates. Identifying a person of interest in a crowd that can pose a security threat is also within the biometric devices' range.

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