IT Security Applications Will Drive Growth in Enterprise Adoption of Biometrics Technology During the Next 10 Years

Enterprise Biometrics Devices and Software Licenses to Reach 142 Million Annually by 2024

Biometrics for enterprise applications is a wide-ranging market with a number of potential use cases.  As technological capabilities increase and costs decline, biometrics is becoming increasingly attractive to enterprise organizations for IT security, physical building access, time and attendance, identifying persons of interest, and hybrid approaches such as doorway to desktop, which is a combination of both physical building access and enterprise IT security, providing a unified access to both physical and logical resources.

According to a new report from Tractica, as enterprises around the world become more comfortable integrating biometrics in their processes and systems, annual sales of enterprise biometrics devices and software licenses will increase from 12.7 million in 2015 to 142.0 million in 2024.  The market intelligence firm forecasts that enterprise IT security will be the dominant biometrics application during the forecast period, but other use cases will gain ground as well.

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“Biometrics technologies fit every industry,” says principal analyst Bob Lockhart.  “Regardless of the vertical market, companies have IT systems that require logon, physical facilities with restricted access, or employees who clock-in and clock-out.  Biometrics can make all of those processes faster and more secure.”

Tractica’s report, “Biometrics for Enterprise Applications”, examines the market for enterprise applications for biometrics horizontally across all industries, including 10-year forecasts for the period from 2015 through 2024. The report examines five use cases that can occur in any industry, plus a specialized use case for personalized hospitality and entertainment.  The report also includes profiles of 37 key industry players in the enterprise biometrics market.  An Executive Summary of the report is available for free download on the firm’s website.

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