Biometric System Market Highlights Biometric system is a technological system which requires biological data such as an individual’s face, fingerprints, iris, DNA, and typing rhythms for the identification of a person. It is used in various industries such as banking, consumer electronics, defense, government, healthcare, transport, and commercial safety and security.

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On the basis of application, the biometric system market is subdivided into government, healthcare, automotive, banking & finance, travel & immigration, military & defense, consumer electronics, security, and others. Among all applications, the travel & immigration accounted the largest share in the biometric system market due to the mounting necessity for security across border-crossing points.

In addition, technological upgrades and advancements, and exclusive and easy features of biometrics system are the major factors driving the growth of biometric system market.

The threat of confidentiality and data breach, and high deployment price are the major challenges for the growth of biometric system market.

Globally industry players are leveraging market growth through launching new products. The high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market due to increased travel and tourism activity. In addition, mounting concerns of safety and security and escalating government projects are also up surging growth of the Asia-Pacific biometric system market.

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In addition, in September 2018 Fujitsu Limited and Fujitsu Frontech Limited mutually developed biometric-enabled cashless gambling machines for the Japan Racing Association (JRA). Thales, Fujitsu Ltd., Safran, Secunet Security Networks AG, Precise Biometrics AB, NEC Corporation, Stanley Black & Decker, and Assa Abloy are the key players offering biometric system.

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