Market Overview:
The global biometrics in hospitality market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The increasing demand for enhanced security and convenience across the hospitality sector is one of the key factors driving the growth of this market. In addition, the increasing adoption of biometric technologies for retail applications is also contributing to the growth of this market. On the basis of type, fingerprint identification is currently leading the global biometrics in hospitality market and is expected to maintain its dominance duringthe forecast period. This can be attributed to its high accuracy and reliability as comparedto otherbiometric technologies.
Product Definition:
The definition of biometrics is the use of technology to identify individuals by their physical or behavioral characteristics. In hospitality, biometrics can be used for a variety of purposes such as verifying guests' identities, tracking employee access, and preventing fraud. Biometrics can help improve security in a number of ways, including by reducing the chances that someone will be able to impersonate another person or gain unauthorized access to sensitive information or areas.
Fingerprint Identification:
Fingerprint identification is a technology that involves the use of patterns in fingerprints for verification purposes. The technology is gaining popularity as an additional security measure to access personal and sensitive information stored on devices.
The biometric systems used in hospitals are based on fingerprint identification, owing to its high degree of accuracy, speed, and immunity against false authentication.
Facial Recognition:
Facial recognition is the technology that enables a computer to identify and verify the identity of an individual by comparing their facial images. It uses features such as eyes, nose, mouth and chin of an individual for verification. The technology has been used in security systems where it helps in opening doors using biometrics or accessing card-based access control systems.
Application Insights:
The application segment is segregated into two broad categories, namely hospitality and offline retail. The hospitality segment includes hotels, restaurants and leisure clubs. Biometric technologies are widely used for identity proofing at the check-in stage as well as for access control at the door of hotel rooms. Fingerprint identification is considered to be one of the most effective ways to identify individuals on account of its speed and accuracy. Vein recognition is also expected to witness a significant growth owing to its high level of accuracy in comparison with facial recognition or fingerprint identification techniques.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to early adoption of biometric technologies by various service providers and consumers in this region. The U.S., being one of the most visited countries, has been using biometrics for identification at various entry points, such as airports and immigration gates since past few years. Moreover, North America is home to a large number of prominent hospitality companies that are aggressively adopting modern technologies across all operations including customer services and sales & marketing departments to enhance their business performance.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing government initiatives for implementation of advanced security systems across key infrastructure facilities in India such as airports, railway stations, etc., thereby driving demand for products from hospitality sector also known as Hospitality IT & telecom industries).
Growth Factors:
- Increasing demand for safety and security in the hospitality sector
- Growing adoption of biometric technology by hotels, resorts, and other hospitality establishments
- Proliferation of mobile devices and apps that support biometric authentication
- Advances in fingerprint scanning technology that make it more accurate and user-friendly
- Increased awareness about the benefits of using biometrics for identity verification
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometrics in Hospitality Market Research Report
By Type
Fingerprint Identification, Facial Recognition, Vein Recognition
By Application
Hospitality, Online Retail, Offline Retail
By Companies
3M Cogent, Crossmatch, FUJITSU, M2SYS, NEC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Biometrics in Hospitality Market Report Segments:
The global Biometrics in Hospitality market is segmented on the basis of:
Types
Fingerprint Identification, Facial Recognition, Vein Recognition
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitality, Online Retail, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Cogent
- Crossmatch
- FUJITSU
- M2SYS
- NEC
Highlights of The Biometrics in Hospitality Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fingerprint Identification
- Facial Recognition
- Vein Recognition
- By Application:
- Hospitality
- Online Retail
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biometrics in Hospitality Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biometrics is the use of physical characteristics to identify or authenticate a person. Common biometric identifiers include fingerprints, facial features, and iris scans.
Some of the major companies in the biometrics in hospitality market are 3M Cogent, Crossmatch, FUJITSU, M2SYS, NEC.
The biometrics in hospitality market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biometrics in Hospitality Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biometrics in Hospitality Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biometrics in Hospitality Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biometrics in Hospitality Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biometrics in Hospitality Market Size & Forecast, 2018-2028
4.5.1 Biometrics in Hospitality Market Size and Y-o-Y Growth
4.5.2 Biometrics in Hospitality Market Absolute $ Opportunity
Chapter 5 Global Biometrics in Hospitality Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biometrics in Hospitality Market Size Forecast by Type
5.2.1 Fingerprint Identification
5.2.2 Facial Recognition
5.2.3 Vein Recognition
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biometrics in Hospitality Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biometrics in Hospitality Market Size Forecast by Applications
6.2.1 Hospitality
6.2.2 Online Retail
6.2.3 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometrics in Hospitality Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biometrics in Hospitality Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biometrics in Hospitality Analysis and Forecast
9.1 Introduction
9.2 North America Biometrics in Hospitality Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biometrics in Hospitality Market Size Forecast by Type
9.6.1 Fingerprint Identification
9.6.2 Facial Recognition
9.6.3 Vein Recognition
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biometrics in Hospitality Market Size Forecast by Applications
9.10.1 Hospitality
9.10.2 Online Retail
9.10.3 Offline Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biometrics in Hospitality Analysis and Forecast
10.1 Introduction
10.2 Europe Biometrics in Hospitality Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biometrics in Hospitality Market Size Forecast by Type
10.6.1 Fingerprint Identification
10.6.2 Facial Recognition
10.6.3 Vein Recognition
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biometrics in Hospitality Market Size Forecast by Applications
10.10.1 Hospitality
10.10.2 Online Retail
10.10.3 Offline Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biometrics in Hospitality Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biometrics in Hospitality Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biometrics in Hospitality Market Size Forecast by Type
11.6.1 Fingerprint Identification
11.6.2 Facial Recognition
11.6.3 Vein Recognition
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biometrics in Hospitality Market Size Forecast by Applications
11.10.1 Hospitality
11.10.2 Online Retail
11.10.3 Offline Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biometrics in Hospitality Analysis and Forecast
12.1 Introduction
12.2 Latin America Biometrics in Hospitality Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biometrics in Hospitality Market Size Forecast by Type
12.6.1 Fingerprint Identification
12.6.2 Facial Recognition
12.6.3 Vein Recognition
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biometrics in Hospitality Market Size Forecast by Applications
12.10.1 Hospitality
12.10.2 Online Retail
12.10.3 Offline Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biometrics in Hospitality Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biometrics in Hospitality Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biometrics in Hospitality Market Size Forecast by Type
13.6.1 Fingerprint Identification
13.6.2 Facial Recognition
13.6.3 Vein Recognition
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biometrics in Hospitality Market Size Forecast by Applications
13.10.1 Hospitality
13.10.2 Online Retail
13.10.3 Offline Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biometrics in Hospitality Market: Competitive Dashboard
14.2 Global Biometrics in Hospitality Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Cogent
14.3.2 Crossmatch
14.3.3 FUJITSU
14.3.4 M2SYS
14.3.5 NEC
