Global Next Generation Biometric Market was valued US$ XX Bn in 2019 and is expected to reach US$
XX Bn by 2027 at a CAGR of XX % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision makers to prepare the outline
for short term and long term strategies for companies by region.
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Integration of biometrics in smartphones, the introduction of e-passport, and an increase in the usage of
biometric systems for criminal identification are the major factors for the growth of global next
generation biometric market. Also, an increase in the use of biometric technology in banking and
healthcare and adoption of biometric technology in election administration are other driving factors of
global next generation biometric market. Fear of privacy intrusion and inconvenience and high cost of
biometric devices hamper the market growth of the next-generation biometric market. Use of biometric
technology in e-commerce and cloud computing for biometric technology provides a lot of opportunities
for the global next-generation biometric market.
IRIS recognition is one of the fastest growing amongst the type of solution. Few benefits of this
technology are that it is easy to use, difficult to forge and is accurate. Terrorist attacks; other cross-
border illegal activities and cybercrimes have created the need for implementing the iris recognition
technology. The iris recognition application in the consumer electronics sector is expected witness the
highest growth rate during the forecast period mainly because of the commercialization of various iris
scan-based electronic devices, like smartphones, tablets, sma