"Global Biometrics Market in Hospitality Sector 2016-2020" Published

From: Fast Market Research, Inc.
Published: Wed Dec 09 2015

Technavios market research analyst predicts the global biometrics market in the hospitality sector to grow at a CAGR of around 27% during the forecast period. With the increase in cases of time theft, data theft, and other criminal activities in the hospitality sector, the demand for security technologies including a highly reliable and accessible personal authentication and identification systems has increased. Biometrics has emerged as a suitable security and monitoring solution to meet this need as it is based on the behavioral and physiological characteristics of an individual, which is difficult to replicate. Biometrics in the hospitality sector is seen as the most accurate and reliable system because it eliminates manual inputs, identity card exchange, and time theft.

Biometrics in hospitality sector gives real-time information about workforce and visitors by providing complete and accurate visibility to their reporting and leaving time. It enables the hospitality sector to gain better insight into the employees work and time spent on work. Biometrics is being used in the hospitality sector for monitoring, identification, and access control. The adoption of biometrics in the hospitality sector is expected to increase during the forecast period due to the increased instances of security breaches such as terrorist attacks and bombings in the past two to three years in the hospitality sector.

Full Report Details at
- http://www.fastmr.com/prod/1081693_global_biometrics_hospitality.aspx?afid=302

Technology segmentation and analysis of the biometrics market in hospitality sector

* Fingerprint identification
* Facial recognition
* Vein recognition

The fingerprint identification accounted for the largest market share in the biometrics market in hospitality sector during 2015. However, this segment is anticipated to witness a decline in its shares by the end of 2020 as fingerprints can be recreated easily. For instance, The Chaos Computer Club, Europes largest association of hackers, was able to reconstruct an accurate thumb impression of an individual by using VeriFinger.

Geographical segmentation and analysis of the biometrics market in hospitality sector

* Europe
* Latin America
* North America

North America dominated the market during 2015, accounting for a market share of around 40%. The increased acceptance of biometrics in the hospitality sector for time and attendance monitoring, access to PCs, networks, and servers, control access to restricted areas, and limit access to critical data has been driving the market growth in this region. . This region is expected to retain its market leadership until the end of the forecast period due to an increase in instances of security breaches in the hospitality sector such as terrorist attacks and bombings.

Competitive landscape and key vendors

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Global Biometrics Market in BFSI Sector 2015-2019
- Global Biometrics Spending Market in the Government Sector 2015-2019
- Global Vein Recognition Biometrics Market in BFSI sector 2015-2019
- Global Law Enforcement Biometrics Market 2015-2019
- Global Voice Recognition Biometrics Market 2015-2019

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »