Press Release
Press Release
The growth in the global market for the biometric system, despite the advent of the coronavirus pandemic, can be attributed to the digitisation of business operations and the subsequent need to streamline security services. The banking sector is a significant contributor to the market growth of biometric systems to provide high-quality security to its customers and avoid the potential risks of frauds like account takeover and identity theft. Owing to the penetration of smartphones, mobile banking applications are deploying authentication software solutions like fingerprint recognition, and multi-factor authentication solutions like biometric pin are invigorating market growth. Furthermore, with the booming e-commerce industry, ensuring the safety of transactions is becoming significant due to the rising cases of billing frauds and account takeover by illegal hacking. Thus, the flourishing e-commerce industry is surging the demand for a biometric system to boost customer confidence and augment online sales. The banking and finance sector is significantly contributing to the market growth of the biometric system.
A global leader in biometric systems, Thales Group (EPA: HO) has recently announced advanced solutions with voice biometric authentication for mobile operators in July 2021. The new solution meets the growing demand from mobile operator call centres, who are required to verify the identity of callers to detect identity fraud attempts. The new solution effectively integrates with existing call centre enrolment processes and is transparent for users and enables staff to focus on enhancing services. In addition, the vice recognition solution also seamless authentication of legitimate customers by incorporating features such as user consent. Hence, such developments by key market players are invigorating the market for biometric systems globally.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global biometric system market include Thales Group, NEC Corporation, Safran S.A., Assa Abloy AB, and Fujitsu Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.