Technavio's analysts forecast the Global Biometric Readers market to grow at a compound annual growth rate of 17.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for high-level security in government departments. The biometric reader market has also seen an increase in the number of mergers and acquisitions. However, strong competition from inexpensive non-biometric technologies could pose a challenge to the growth of this market.
The report has been prepared based on an in-depth market analysis with inputs from industry experts, covering the Americas, EMEA and APAC regions; it also covers the market's landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Fujistsu, 3M Cogent, NEC, and Safran Group.
Other vendors mentioned in the report are RCG Holdings, Panasonic, Biometric Security, Cross Match Technologies, Suprema, Fingerprint Cards, Authentec, and Siemens Biometrics.