Global Biometrics Market in Retail Sector 2016-2020 - Emergence of Contactless Biometrics a Major Market Driver

Dublin, Feb. 29, 2016 -- Research and Markets (http://www.researchandmarkets.com/research/8ldsxq/global_biometrics) has announced the addition of the "Global Biometrics Market in Retail Sector 2016-2020" report to their offering.

The global biometrics market in the retail sector to grow at a CAGR of 21.30% during the period 2016-2020.

Global Biometrics Market in Retail Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Biometrics has emerged as a suitable security and monitoring solution to meet this need and is based on the behavioral and physiological characteristics of an individual, which are difficult to replicate. Biometrics in the retail sector is seen as the most accurate and reliable system because it eliminates manual input, identity card exchange, and time theft.

Biometrics include the authentication of an individual by evaluating one or more unique biological traits, such as voice recognition, hand geometry, fingerprint identification, facial recognition, iris recognition, and vein recognition.

Retail stores are increasingly turning to the implementation of biometrics workforce management systems to provide access to authorized workers and deny entry to unauthorized workers The workforce is a major expense for any organization, and in the retail sector it is imperative that the workforce is managed effectively.

According to the report, physical contact is necessary for fingerprint biometrics, requiring an employee to place a finger on the sensor. Concerns related to hygiene are increasing among individuals because of increased instances of communicable diseases, such as Ebola and swine flu. Therefore, organizations are reluctant to adopt contact biometric solutions.

Further, the report states that high cost is the major inhibitor in the adoption of biometric technologies.

The market is divided into the following segments based on technology

- Fingerprint identification
- Facial recognition
- Hand geometry
- Vein recognition

Key vendors

- Crossmatch Technologies
- Honeywell Security
- M2SYS Technology
- NEC
- Safran
- Suprema

Other prominent vendors

- Allegion
- Ayonix
- BIO-key
- Biometric Time Clock Systems
- Cognitec Systems
- eSSL Security
- ePortID
- FingerCheck
- FUJITSU
- Herta Security
- TimeLabs
- Trac-Tech
- Tyco.

Key Topics Covered:

PART 01: Executive summary
- Highlights

PART 02: Scope of the report
- Market overview

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights

PART 05: Market description
- Working of biometrics
- Biometric technologies used in retail sector
- Applications of biometrics in retail sector
- Advantages and disadvantages of biometrics in retail sector

PART 06: Market landscape
- Market overview
- Product life cycle of biometric technologies in retail sector
- Share of retail sector in the global biometrics market
- Global biometrics market in retail sector
- Five forces analysis

PART 07: Market segmentation by technology
- Global biometrics market in retail sector by technology 2015-2020
- Global fingerprint identification market in retail sector
- Global facial recognition market in retail sector
- Global hand geometry recognition market in retail sector
- Global vein recognition market in retail sector

PART 08: Geographical segmentation
- Segmentation of global biometric market in retail sector by geography 2015-2020
- Segmentation of global biometrics market in retail sector by geography 2015-2020 (revenue)

PART 09: Market developments

PART 10: Market trends and opportunities

PART 11: Market inhibitors

PART 12: Vendor dynamics
- Vendors matrix
- Description of major vendors
- Vendor news updates
- Other prominent vendors

PART 13: Key vendor analysis
- Crossmatch Technologies
- Honeywell Security
- M2SYS Technology
- NEC
- Safran
- Suprema

PART 14: Appendix

For more information visit http://www.researchandmarkets.com/research/8ldsxq/global_biometrics

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         Sector: Retail, Biometrics