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Research and Markets: European Biometrics Market 2014-2018: 3M Cogent,Cognitec Systems, NEC Corp & Safran SA Lead the MarketDUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/f5n57m/biometrics_market) has announced the addition of the "Biometrics Market in Europe 2014-2018" report to their offering. The Biometrics market in Europe will grow at a CAGR of 17.25% during the period 2013-2018. Biometrics is a technology which helps to assess individuals on the basis of their physical or behavioral patterns. It involves the verification and identification of both physiological traits such as fingerprints, face recognition, DNA, palm print, hand geometry, and iris recognition, and behavioral traits such as keystroke patterns and speech pattern/voice recognition. The data derived are then used for security and authentication purposes, as it is difficult to forge biometric data. Biometrics is mainly used for law enforcement, banking authentication, and providing physical access. It helps provide an extra layer of security for data access and individual identification. According to the report, the growing need for advanced security in the Government sector is one of the rivers in this market. Government departments such as intelligence, defense, finance, and military are the major users of facial recognition technology. To secure their perimeter, government departments of various countries have installed stronger security measures, including biometric security solutions. In recent years, the Government sector has been the major contributor of revenue for the market. Further, the report states that one of the key challenges in the market is the strong competition it faces from inexpensive non-biometric technologies. The presence of low-cost alternative technologies such as swipe cards, token-based two-factor authentication, and software authentication is a major challenge affecting the growth of the Biometrics market in Europe. Key Vendors Other Prominent Vendors
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