Biometrics Market in Europe 2014-2018: Key Vendors are 3M Cogent, Cognitec, NEC and Safran

DUBLIN, Oct. 23, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Biometrics Market in Europe 2014-2018" report to their offering.

Biometrics is a technology which helps to assess individuals on the basis of their physical or behavioral patterns. It involves the verification and identification of both physiological traits such as fingerprints, face recognition, DNA, palm print, hand geometry, and iris recognition, and behavioral traits such as keystroke patterns and speech pattern/voice recognition.

The data derived are then used for security and authentication purposes, as it is difficult to forge biometric data. Biometrics is mainly used for law enforcement, banking authentication, and providing physical access. It helps provide an extra layer of security for data access and individual identification.

The analysts forecast the Biometrics market in Europe will grow at a CAGR of 17.25 percent during the period 2013-2018.

This report covers the present scenario and the growth prospects of the Biometrics market in Europe for the period 2013-2018. To calculate the market size, the report considers revenue generated from the sales of biometrics solutions. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.

In addition, the report discusses the major drivers that influence the growth of the Biometrics market in Europe. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Currently, the adoption rate of fingerprint identification technology in ATMs in developing regions in Europe is low. One of the primary reasons for this is the lack of awareness about ATMs and the inability to operate them. Therefore, many banks have introduced ATMs integrated with biometrics in order to make it easier for end-users to access their accounts.

In addition, ATMs integrated with biometrics do not require a communication infrastructure. Moreover, the adoption of biometrics in the BFSI sector eliminates the need for ATM cards, saving huge costs for banks. This trend is gradually catching up, and the region is expected to witness an increase in the integration of biometrics in ATMs in the future.

According to the report, the growing need for advanced security in the Government sector is one of the drivers in this market. Government departments such as intelligence, defense, finance, and military are the major users of facial recognition technology. To secure their perimeter, government departments of various countries have installed stronger security measures, including biometric security solutions. In recent years, the Government sector has been the major contributor of revenue for the market.

Further, the report states that one of the key challenges in the market is the strong competition it faces from inexpensive non-biometric technologies. The presence of low-cost alternative technologies such as swipe cards, token-based two-factor authentication, and software authentication is a major challenge affecting the growth of the Biometrics market in Europe.

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:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Description

07. Market Landscape

08. Market Segmentation by Technology

09. Market Segmentation by Application

10. Market Segmentation by End-users

11. Key Leading Countries

12. Biometrics Market in UK

13. Biometrics Market in Germany

14. Biometrics Market in France

15. Biometrics Market in Italy

16. Biometrics Market in Poland

17. Buying Criteria

18. Market Growth Drivers

19. Drivers and their Impact

20. Market Challenges

21. Impact of Drivers and Challenges

22. Market Trends

23. Trends and their Impact

24. Vendor Landscape

25. Key Vendor Analysis

26. Other Reports in this Series

Companies Mentioned:

3M Cogent Inc. Cognitec Systems GmbH NEC Corp. Safran SA Animetrics Inc. Aware Inc. BIO-Key International Inc. Biometix Pty Ltd. Cross Match Technologies Inc. DigitalPersona Inc. Fujitsu Ltd. Lumidigm Inc. M2SYS LLC Siemens AG Suprema Inc. ZKTeco Inc. For more information visit http://www.researchandmarkets.com/research/wj3dzp/biometrics_market

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

SOURCE Research and Markets

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Global Facial Recognition Market Report, 2016: 3M Cogent, Cognitec Systems, NEC & Safran Dominate the Industry

DUBLIN, December 2, 2013 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/lshjw8/global_facial) has announced the addition of the "Global Facial Recognition Market Report, 2016" report to their offering.

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

The analysts forecast the Global Facial Recognition market to grow at a CAGR of 24.5 percent over the period 2012-2016.

One of the drivers in this market is the growing need for high-level security in the Government sector. Government departments such as Intelligence, Defense, Finance, and Military are the major adopters and users of facial recognition technology. In recent years, the Government sector has been the major revenue contributor to the market.

The Global Facial Recognition market is witnessing an increasing number of mergers and acquisitions, and this trend is expected to continue during the forecast period. The existing vendors and new entrants are taking the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, the French defense company Safran Group completed the acquisition of biometric solution provider L-1 Identity Solutions in July 2011 for US$1.09 billion. The acquisition helped Safran become a leading player in the Global Facial Recognition market. Similarly, 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. In addition, Google acquired Ukrainian augmented and facial recognition start-up Viewdle for approximately US$30 million in 2012.

Further, the report states that one of the major challenges in this market is the lack of accuracy in facial recognition systems. Sometimes, facial recognition systems may show errors in the identification process due to factors such as aging, plastic surgery, and the non-permanent makeup of the persons whose images are previously stored in the database.

The key vendors dominating this space include are:

3M Cogent, Inc.Cognitec SystemsNEC Corp.Safran Group.Key Topics Covered:

1. Executive Summary
2. List of Abbreviations
3. Introduction
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Key Leading Countries
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

For more information visit http://www.researchandmarkets.com/research/lshjw8/global_facial.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: IT Security

SOURCE Research and Markets

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Frost & Sullivan Honours Cognitec for Blazing Trails in the Face Biometrics Market with its FaceVACS-VideoScan Technology

LONDON, Nov. 14, 2013 /PRNewswire/ -- Based on its recent research on the face biometrics market, Frost & Sullivan presents Cognitec Systems GmbH with the 2013 European Frost & Sullivan Award for Customer Value Leadership. Cognitec's blinkers-on focus on face biometrics earned the company strong domain expertise, which has allowed it to develop its flagship face recognition technology, FaceVACS-VideoScan.

FaceVACS-VideoScan analyses live video streams or video footage for information based on facial data. This face recognition data can be a great help in operations management and marketing departments, as well as security applications.

"In operations, the solution can be used to track real-time people movement, detect lines, and direct traffic flows to ease bottlenecks. In marketing, it can be used to generate highly accurate people counts in a retail store, as the advanced face recognition technology ensures that a face is not counted twice," said Frost & Sullivan Research Analyst Ram Ravi. "The FaceVACS-VideoScan system can also be used to generate useful statistical data such as age, gender, and other demographic information." Additionally, it can be used in airports and train stations to manage people flow and prevent overcrowding.

The solution can correlate live images with the ones stored in photo databases. This is highly useful in security applications, as the solution can alert security staff when people of interest are automatically identified.

Along with the FaceVACS-VideoScan system, Cognitec offers the FaceVACS-PortraitAcquisition and FaceVACS-DBScan solutions. FaceVACS PortraitAcquisition aids the assessment and acquisition of digital images for ID documents, such as drivers' licenses, passports, and visas. It allows the user to capture images for ID documents in compliance with the ISO 19794-5 standards for full-frontal images. The solution's easy-to-use graphical user interface enables users to both review and manage portrait characteristics, such as lighting, skin colour, hot spots, and sharpness, to ensure that all the image requirements are met.

After the acquisition of the biometric image, FaceVACS-DBScan can support the ID issuance procedure by detecting duplicate entries in photo databases—an extremely important tool for government agencies issuing ID documents.

"Cognitec's FaceVACS-DBScan can also be used for face recognition applications in law enforcement, as its ability to accurately scan databases with millions of images in seconds allows it to compare facial images and identify a person, irrespective of age, hairstyle, and facial hair," noted Frost & Sullivan Senior Research Analyst Nandini Ghosh.

FaceVACS-DBScan enhances the quality of the original image to simplify comparisons. It uses a pose normalization filter that leverages 3D technology to create frontal views that better match the database images. Besides, FaceVACS-DBScan incorporates various filters that can compensate for quality issues common in images collected from mobile phones or video footage.

Cognitec is preparing the release of pioneering face recognition technology, both hardware and software, for border control solutions. A central component of the eGates, FaceVACS-Entry automatically captures a portrait image of the passenger entering the gate. The technology instantly compares the image to the passport photo in order to verify the identity of the passenger. Cognitec has optimized the system to ensure efficiency and ease of use for the passenger while capturing best-quality images that guarantee high verification accuracy, thus fully complying with guidelines published by the European Border Police (Frontex).

In addition to its focus on innovation and technology, Cognitec offers unmatched value through its efficient customer support services. Engineers working from the company's offices in Germany, the United States and Australia support customers and partners around the clock.

Cognitec also offers a software development kit, the FaceVACS-SDK, which helps customers design new face recognition applications in line with their specific needs. The company recently introduced a software development kit for Android devices, which is extremely useful to the police and the military, as they need to identify suspects anywhere, anytime. Through this application, Cognitec facilitates the migration of face recognition technologies from computers to mobile phones, which can prove highly advantageous in future.

"Cognitec's superior capabilities in facial biometrics have allowed it to emerge as the vendor of choice for large governmental and security agencies across the globe," noted Ravi. "The company's solutions also hold significant potential in newer applications such as the banking and retail sectors."

Each year, Frost & Sullivan presents this award to a company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company's inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and ultimately customer base expansion.

Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Cognitec Systems GmbH

Established in 2002, Cognitec is a Germany-based company specializing in advanced face recognition technologies. The company develops high-end software solutions for biometrics that help customers in the government, security, banking, and retail sectors to identify faces and compare them with images from large databases, all in a matter of seconds. Leveraging its experience of more than a decade in the face biometrics market, along with its highly skilled and professional team of software engineers and scientists, Cognitec continuously strives to introduce new and improved technologies to the market. In addition to image acquisition and scanning solutions, the company also offers an advanced video scanning technology that extends Cognitec's capabilities to additional application areas, such as crowd management, people flow, operations, and marketing applications.

Elke Oberg
Marketing Manager
www.cognitec.com

oberg@cognitec.com
Phone: +49-351-862-9214

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation. The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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