According to the new market research report “Next Generation Biometric Market by Technology, Function, Application & Geography – Forecasts & Analysis 2014 – 2020”, published by MarketsandMarkets, the biometric market will be worth $23.54 Billion by 2020 at an estimated CAGR of 17.6%.

Browse 158 market data tables, 59 figures spread through 352 pages, and in-depth TOC on “Next Generation Biometric Market.”

Early buyers will receive 10% customization on this report.

‘Biometric’ implies the identification or authentication of humans by their traits such as face, fingerprint, voice, iris, palm, DNA, and signature. Biometric authentication has become the most important part of security due to an increase in unauthorized immigration, visa frauds, border intrusion, and so on. It has increasingly been getting deployed at all the security checkpoints of airports, stations, commercial complex, retail malls, and so on.

Biometric technology provides accurate authentication and negligible margin of duplicity or error.

This report describes the various types of Next Generation Biometric Market such as face, fingerprint, iris, voice, signature, vein, and DNA recognition that are being used for different applications. Out of all the above types, face, fingerprint, and iris recognition are commonly used in most of the applications.

Fingerprint recognition is the oldest type of biometric authentication and can be seen at banks, ATMs, and various government offices. […]