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MarketResearchReports.com: The Total Market Size for the Fingerprint Recognition Segment Is to Reach US$491 Million in 2014

The total market size for the fingerprint recognition segment is estimated to be US$491 million in 2014 and is expected to grow at a CAGR of 2.86%, to reach US$651 million by 2024.

 

Lewes, DE -- (ReleaseWire) -- 03/20/2014 -- Global Biometric Systems market clearly identifies promising areas for future growth, both in terms of lucrative geographies and Biometric systems. The report will provide you with identification of market drivers augmenting its provision of data on the current industry size and growth expectations to 2024. Together with its investigation of the industry structure and procurement dynamics, with analysis of the competitive landscape of the Global Biometrics defense industry, and its assessment of the business environment.

Key insights include in this report are:

>> The Iris recognition segment is expected to account for the third largest share of US expenditure on biometric systems during the forecast period. The total market size for the segment is expected to grow at a CAGR of 3.55%,

>> The French governmental biometric systems market is expected to account for a considerable share in Europe during the forecast period. The country experiences a serious threat of identity theft and fraud every year with the number of reported cases in the country amounting up to 80,000.

>> Russia is expected to be the largest spender on the biometrics market in the European region during the forecast period accounting for a share of 40% of the regional market

Reasons to buy:

>> Gain insight into the competitive landscape of the Global Biometric System market, which will enable you to identify possible ways to enter the market.

>> Provide yourself with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives, to give yourself the competitive edge you need.

>> Familiarize yourself with detailed company profiles of leading Biometric System companies and related systems manufacturing companies across the world, in order to better position your business.

>> Analyse the activity of key Biometric System companies, together with insights such as key alliances, strategic initiatives, and a brief financial analysis, which will enable you to further develop your business and in addition minimize business risks.

>> Confidently update your strategic and tactical plans based on a proper understanding of the future pattern of market trends from winners and losers to category dynamics.

Target Audience for this report:

>> Defense Companies
>> Suppliers to Defense companies
>> Defense & Contractor researcher organizations.
>> Government defense organizations (Ministry of Defense & National Security)
>> Trade body, academia or other industry observers
>> Advertising & public relations agencies

For more detailed information about the report please visit: http://www.marketresearchreports.com/strategic-defence-intelligence/global-biometric-system-market-2014-2024-country-analysis-market

Browse more reports in defence section: http://www.marketresearchreports.com/defence

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