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Global Biometrics Market In Hospitality Sector to grow at a CAGR of 27% by 2019 Technology Articles | August 9, 2016
"The Report Global Biometrics Market in Hospitality Sector 2016-2020 provides information on pricing Wade Davis Jersey , market analysis, shares, forecast Jon Gray Jersey , and company profiles for key industry participants. - MarketResearchReports.biz"
Description
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Market outlook of the biometrics market in the hospitality sector
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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 Jake McGee Jersey , 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 Chad Bettis Jersey , and time theft.
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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.
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Technology segmentation and analysis of the biometrics market in hospitality sector
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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 Ian Desmond Jersey , 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 Todd Helton Jersey , was able to reconstruct an accurate thumb impression of an individual by using VeriFinger.
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