March 23, 2016 12:40 PM Eastern Daylight Time
LONDON--(BUSINESS WIRE)--According to the latest market research study released by Technavio, the global biometric access control systems market is expected to exceed USD 12 billion by 2019, growing at a CAGR of over 18% during the forecast period.
This research report titled ‘Global Biometric Access Control Systems Market 2015-2019’, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecast for various market segments and all geographical regions.
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The report segments the global biometric access control systems market by end-user and can be divided into four broad categories:
Global biometric access control systems market by government sector
The share of the government sector in the global biometric access control systems market is predicted to reach almost 6 billion by 2019, growing at a CAGR of over 16%.
According to Amrita Choudhury, lead analyst at Technavio for automatic identification system research, “Increased awareness about the benefits of biometric access control systems among government organizations and rise in government infrastructure projects worldwide are driving the market. Governmental organizations use these systems for workforce management and authentication of their customers.”
Centerlink, the Australian social security department, uses voice-based biometric access control system to authenticate their regular callers by asking for their Centerlink numbers, names, and answers to secret questions. This technique helps in verifying the voice of an account holder and processing his or her request immediately. The Government of India is using Aadhar-based biometric attendance system for registering the presence of employees in government organizations. This helps employees maintain their productivity and efficiency and manage their leaves and working hours.
Global biometric access control systems market by BFSI sector
The share of the BFSI sector in the global biometric access control systems market is expected to exceed USD 2 billion by 2019, growing at a CAGR of over 19%.
With rising security breaches and transaction frauds, the need for highly secure identification and personal verification systems has become imperative, especially in the BFSI sector. Several global banks and financial institutions are integrating biometric technologies, such as voice recognition and fingerprint recognition, with access control systems in cellphone-based applications to provide customers secure access to online accounts.
ING, a Dutch bank, has added biometric authentication functionality on its mobile banking application. Customers can use Apple's Touch ID to check their account balance and transactions on the application.
Global biometric access control systems market by transportation sector
The share of the transportation sector in the global biometric access control systems market is expected to reach USD 1.8 billion by 2019, growing at a CAGR of over 20%.
The market share of the sector is likely to rise due to an increase in the implementation of biometric access control systems for cross-border programs at various airports and seaports. A number of immigration counters in countries such as the UK have integrated fingerprint recognition technology with access control systems to facilitate passenger verification, increase workforce efficiency, and reduce waiting time at counters.
Soekarno-Hatta International Airport in Jakarta, Indonesia, has made it mandatory for passengers to provide their passports along with a fingerprint scan.
“Other advanced biometric technologies, such as iris recognition, are being embedded in passports and visas for individual identification,” says Amrita.
Global biometric access control systems market by healthcare sector
The share of the healthcare sector in the global biometric access control systems market is predicted to exceed USD 1.6 billion by 2019, growing at a CAGR of almost 20%.
The market in the healthcare sector is growing rapidly due to the implementation of stringent regulations such as Health Insurance Portability and Accountability Act to maintain the privacy of patients. Doctors are increasingly adopting the fingerprint biometric-integrated mobile devices to access their patients' records remotely. The technology helps in maintaining privacy and security of people's secure electronic health records.
Healthcare organizations are integrating biometric access control systems in employees ID cards to track their working time and attendance.
Fujitsu provides palm vein recognition-based access control systems to enhance physical access security in hospitals. As per Technavio analysis, contactless palm vein authentication is considered secure, hygienic, and non-intrusive. It is highly secure, since the scanning device identifies individuals by the pattern of the blood flow within their veins.
Technavio’s ICT research analysts highlight the following five vendors as the top contributors to the global biometric access control systems market:
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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When I opposed Aadhaar in 2010 , I was called a BJP stooge. In 2016 I am still opposing Aadhaar for the same reasons and I am told I am a Congress die hard. No one wants to see why I oppose Aadhaar as it is too difficult. Plus Aadhaar is FREE so why not get one ? Ram Krishnaswamy
First they ignore you, then they laugh at you, then they fight you, then you win. -Mahatma Gandhi
In matters of conscience, the law of the majority has no place. Mahatma Gandhi
“The invasion of privacy is of no consequence because privacy is not a fundamental right and has no meaning under Article 21. The right to privacy is not a guaranteed under the constitution, because privacy is not a fundamental right.” Article 21 of the Indian constitution refers to the right to life and liberty -Attorney General Mukul Rohatgi
“There is merit in the complaints. You are unwittingly allowing snooping, harassment and commercial exploitation. The information about an individual obtained by the UIDAI while issuing an Aadhaar card shall not be used for any other purpose, save as above, except as may be directed by a court for the purpose of criminal investigation.” -A three judge bench headed by Justice J Chelameswar said in an interim order.
Legal scholar Usha Ramanathan describes UID as an inverse of sunshine laws like the Right to Information. While the RTI makes the state transparent to the citizen, the UID does the inverse: it makes the citizen transparent to the state, she says.
Good idea gone bad
I have written earlier that UID/Aadhaar was a poorly designed, unreliable and expensive solution to the really good idea of providing national identification for over a billion Indians. My petition contends that UID in its current form violates the right to privacy of a citizen, guaranteed under Article 21 of the Constitution. This is because sensitive biometric and demographic information of citizens are with enrolment agencies, registrars and sub-registrars who have no legal liability for any misuse of this data. This petition has opened up the larger discussion on privacy rights for Indians. The current Article 21 interpretation by the Supreme Court was done decades ago, before the advent of internet and today’s technology and all the new privacy challenges that have arisen as a consequence. Rajeev Chandrasekhar, MP Rajya Sabha
“What is Aadhaar? There is enormous confusion. That Aadhaar will identify people who are entitled for subsidy. No. Aadhaar doesn’t determine who is eligible and who isn’t,” Jairam Ramesh
But Aadhaar has been mythologised during the previous government by its creators into some technology super force that will transform governance in a miraculous manner. I even read an article recently that compared Aadhaar to some revolution and quoted a 1930s historian, Will Durant. Rajeev Chandrasekhar, Rajya Sabha MP
“I know you will say that it is not mandatory. But, it is compulsorily mandatorily voluntary,” Jairam Ramesh, Rajya Saba April 2017
Here is what the Parliament Standing Committee on Finance, which examined the draft N I A Bill said.
1. There is no feasibility study of the project]
2. The project was approved in haste
3. The system has far-reaching consequences for national security
4. The project is directionless with no clarity of purpose
5. It is built on unreliable and untested technology
6. The exercise becomes futile in case the project does not continue beyond the present number of 200 million enrolments
7. There is lack of coordination and difference of views between various departments and ministries of government on the project
What was said before the elections:
NPR & UID aiding Aliens – Narendra Modi
"I don't agree to Nandan Nilekeni and his madcap (UID) scheme which he is trying to promote," Senior BJP Leader Yashwant Sinha, Sept 2012
"All we have to show for the hundreds of thousands of crore spent on Aadhar is a Congress ticket for Nilekani" Yashwant Sinha.(27/02/2014)
TV Mohandas Pai, former chief financial officer and head of human resources, tweeted: "selling his soul for power; made his money in the company wedded to meritocracy." Money Life Article
Nilekani’s reporting structure is unprecedented in history; he reports directly to the Prime Minister, thus bypassing all checks and balances in government - Home Minister Chidambaram
To refer to Aadhaar as an anti corruption tool despite overwhelming evidence to the contrary is mystifying. That it is now officially a Rs.50,000 Crores solution searching for an explanation is also without any doubt. -- Statement by Rajeev Chandrasekhar, MP & Member, Standing Committee on Finance
Finance minister P Chidambaram’s statement, in an exit interview to this newspaper, that Aadhaar needs to be re-thought completely is probably the last nail in its coffin. :-) Financial Express
The Rural Development Ministry headed by Jairam Ramesh created a road Block and refused to make Aadhaar mandatory for making wage payment to people enrolled under the world’s largest social security scheme NRGA unless all residents are covered.