Global Consumer Electronic Biometrics Market

DUBLIN, Mar. 21, 2014 /PRNewswire/ --

Research and Markets

(

http://www.researchandmarkets.com/research/2m6p4w/global_consumer

) has announced the addition of the

"Global Consumer Electronic Biometrics Market "

report to their offering.

(Logo: http://photos.prnewswire.com/prnh/20130307/600769)

The Global Consumer Electronics Biometrics market has been witnessing increasing consolidation and is expected to continue in the coming years. Both the existing vendors and new entrants prefer the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, Apple acquired AuthenTec for US$356 million in 2012, which helps Apple attain all its patents for biometrics security in mobile devices. 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. Cogent is a maker of biometrics recognition systems that allow governments and businesses to identify individuals by their fingers, palms, faces, and irises.

According to the report, the major growth driver is increasing use of personal devices for financial transactions. Since financial institutions are encouraging the use of mobile banking and online financial transactions, the need for high-level security is increasing. Also, the use of biometrics in consumer electronics helps in providing high-level security, enabling the growing use of biometrics in consumer electronics.

Further, the report states that one of the major challenges is the availability of inexpensive non-biometrics technologies. There is a high availability of solutions such as token-based two-factor authentication, password authentications, and software authentication. They are comparatively inexpensive and are much easier to operate, thereby finding greater acceptance among individual consumers. Therefore, it affects the growth of the Global Consumer Electronics Biometrics market.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Panasonic Corp., Biometrics Security Ltd., Cross Match Technologies Inc., Suprema Inc. Fingerprint Cards AB, and Siemens Biometrics.

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 vendors.

Key Topics Covered:

1. Executive Summary

2. List of Abbreviations

3. Introduction

4. Market Research Methodology

5. Scope of the Report

6. Market Description

7. Market Landscape

8. Geographical Segmentation

9. Vendor Landscape

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Key Vendor Analysis

17. Key Takeaways

18. Other Reports in this Series

Companies Mentioned:

3M Cogent Inc. AuthenTec Inc. Fujitsu Ltd. NEC Corp.
For more information visit http://www.researchandmarkets.com/research/2m6p4w/global_consumer

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets

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