Research and Markets: The Global Government Biometric Systems Market 2015-2025 – Market Size and Drivers

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/ctkvbd/the_global) has announced the addition of the “The Global Government Biometric Systems Market 2015-2025 – Market Size and Drivers: Market Profile” report to their offering.

The global biometric systems market is estimated to value US$4.4 billion in 2015 and increase at a CAGR of 8.70% during the forecast period, to reach a peak of US$10.2 billion by 2025. The market consists of five categories of biometric systems: fingerprint recognition, facial recognition, iris/retinal recognition, signature recognition, and other technologies.

Reasons To Buy

– Gain insight into the Government Biometric Systems market with current and forecast market values.

– Understand the key drivers and attractiveness parameters of the global Government Biometric Systems market.

– Understand the various factors impacting the growth of the Government Biometric Systems market.

Key Topics Covered:

1 Introduction

2 Global Government Biometric Systems Market Size and Drivers

2.1 Biometric Systems Market Size and Forecast 2015-2025

• Global government biometric systems market to show positive growth during the forecast period

2.2 Global Biometric Systems Market – Regional Analysis

• North America dominates the global biometric systems market
• Demand for fingerprint recognition systems in the US to drive the North American biometric systems market
• Government biometrics expenditure in the Asia-Pacific region to witness substantial growth over the forecast period
• E-Passports and national ID programs to drive the European spending on biometrics market
• Markets in the Middle East to record robust spending on biometrics systems
• Latin America set to be a lucrative market for biometric systems
• Markets in Africa expected to increase over the forecast period

2.3 Government Biometric Systems Sub-Sector Market Size Composition

• Biometric fingerprint identification expected to constitute the largest segment of expenditure
• Facial recognition expected to constitute the second largest segment
• Iris/ retinal recognition segment expected to rise at a CAGR of 10.57% during the forecast period
• Signature recognition segment to account for 7.8% of biometric systems market
• Market for other technologies to grow at a CAGR of 11.25% over the forecast period

2.4 Demand Drivers and Growth Stimulators

• Government and law enforcement projects to boost demand for biometric systems
• Greater need for surveillance and security at the Global events driving demand for biometric solutions
• Technological upgrades and advancements acting as a key driver for spending on the market

2.5 Defense Budget Spending Review

• European capital expenditure expected to increase during the forecast period
• Asian defense budgets expected to increase at a robust pace
• North American defense expenditure projected to increase marginally during the forecast period
• Modernization programs likely to drive defense expenditure in South American countries
• Military budgets of African countries expected to increase during the forecast period
• Middle Eastern defense budgets likely to increase during the forecast period

2.6 Defense Modernization Review

• Debt crisis in Europe leading to postponement of modernization plans
• Arms race in Asia reflected in modernization plans
• North American modernization plans marginally affected by economic recession
• Modernization programs in South America driven by replacement of obsolete armaments
• African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to slow growing crime rate
• Middle Eastern countries pursuing modernization of air force and air defense systems

3 Appendix

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