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Saturday, 16 September 2017

Global Biometrics Market to Grow at 14% CAGR through 2022, Says TechSci Research

Growing security concerns and increasing number of e-government processes, coupled with rising technological advancements to drive global biometrics market through 2022

According to TechSci Research report, “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022”, the global market of biometrics is projected to exhibit a CAGR of 14% during 2017-2022. Growth can be attributed to increasing deployment of biometric technology in various government projects such as e-passports and e-visas for identification purposes, growing mobile workforce, surging use of digital transactions, etc. Additionally, increasing integration of biometric technologies, such as fingerprint recognition, facial recognition, hand/palm recognition, iris scanners and voice recognition in products and services by sectors including banking & finance, consumer electronics, etc., for providing security benefits to users is expected to drive global biometrics market during forecast period.

Browse 55 market data Tables and 65 Figures spread through 200 Pages and an in-depth TOC on

"Global Biometrics Market"

https://www.techsciresearch.com/report/global-biometrics-market/1373.html

Adoption of fingerprint recognition technology by several sectors grew during the past five years, on the back of its high processing speed, ease of use, increased awareness, etc., thereby enabling it to dominate the global biometrics market in 2016. Deployment of other biometric technologies including hand/palm recognition, iris scanner, voice recognition, etc., is anticipated to increase during forecast period, owing to their growing adoption by several end use sectors. Moreover, during the period of the study, Asia-Pacific is likely to emerge as the fastest growing region in global biometrics market, on account of large-scale government e-passport and national ID programs by several countries in the region.

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“Deployment of biometric technology in Point of Sales (POS) terminals is growing in order to secure and authenticate the payment gateways, as biometric data of the users such as fingerprint, iris, etc., can’t be easily hacked as compared to traditional methods such as PINs and passwords. With rising awareness about the benefits of biometric POS terminals across various end user segments, demand for these advanced security systems is expected to grow, thereby positively influencing global biometrics market in coming five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of global biometrics market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global biometrics market.

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Wednesday, 30 August 2017

As Services Become Internet Oriented, Can Global Telecom Cloud Market Shine?

According to TechSci Research report, “Global Telecom Cloud Market , Competition Forecast & Opportunities, 2012 – 2022”, global telecom cloud market is the next big thing in IT, given that telecom companies are increasingly turning their focus towards providing cloud services and increasing demand for content delivery, unified communications and collaboration, etc., from various end use industries.

Here are some key takeaways from the report on the future of the global telecom cloud market

Global Telecom Cloud Market: An Overview

A fast-growing segment of the IT industry, TechSci predicts that the global telecom cloud market will grow by nearly 20% year on year over the next 5 years. Growing demand of telecom cloud services and solutions from media & entertainment, healthcare etc. is the major factor for this rapid growth.

Of course, rising internet penetration and subsequent internet literacy are the primary reasons behind the rise of global telecom cloud market as well. As of 2014, nearly 3.01 billion people were connected to the internet; the number rose to 3.29 billion in 2016, with no end in sight.

Given the usage of global telecom cloud market services and solutions in areas such as billing, traffic management, customer management etc., it stands to reason that rising internet penetration rate will also surge the demand for such services, thus positively impacting the global telecom cloud market.

APAC is one of the fastest growing regions in the global telecom cloud market, and China alone accounts for 19% of the total APAC market share. Given the positioning of the worlds’ two most populous and fastest growing countries in the region, it makes sense that APAC can become the leading demand generator over the next few years.

Global Telecom Cloud Market: Focus on Healthcare

Among the myriad uses of global telecom cloud market services, perhaps the most important is its usage in healthcare. TechSci estimates that the global telemedicine market was valued at over $20.3 billion in 2016, and will grow to nearly $47 billion by 2022. Leveraging telecom cloud services for telemedicine, TechSci experts suggest, could be beneficial for both enterprises.

Another TechSci Research report “Europe Healthcare IT Services Market, Competition Forecast & Opportunities, 2012 – 2022” which tangentially also deals with the aspect of telemedicine, is itself growing at a robust pace. This implies the potential for growth vis a vis healthcare in the global telecom cloud market.

As per the report, Europe healthcare IT services market was valued at $14.43 billion in 2016, and is forecast to grow at a CAGR of 7.63%, in value terms, during 2017-2022, to reach $22.87 billion by 2022. If global telecom cloud market can harvest even a chunk of this, then healthcare can potentially become the major demand generator for the industry.

This above example provides a simple illustration of the growing usage of such internet based services in daily life. Given its usage in BFSI, retail & consumer, media & entertainment, transportation, etc., the potential for global telecom cloud market is limitless.

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