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(I-SoftwareNews.Com, September 26, 2017 ) Biometric identification is much more accurate and secure than many traditional methods of identification and authentication. Latin America is one of the fastest growing regions in global biometrics market with countries such as Brazil, Mexico, and Argentina contributing majorly for the growth of the market. Market growth in Latin America would result from government expenditures and customer focused corporate investments. Brazil accounted a major share on the whole Latin America's biometrics market.
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Government spending, increasing security spending, cybercrimes and deployment of face recognition scanners across borders and airports of countries, are the factors that are making the biometrics technology grow lucratively in Latin America.
Mexico is expected to grow with more number of projects such as national ID, voter ID, e-passports, e-driver's license, and ID cards based on biometrics. Mexico is one of the key countries in global biometrics market, which is utilizing fingerprint, face and IRIS based biometric systems in its national ID project. Mexico and Argentina are developing their own biometric national ID systems to avoid identity fraud. Biometric identification system can help facilitate advancements in social, political, and economic development.
Demand for biometrics access control systems is expected to increase in the next two years. Brazil biometrics market is emerging as one of the fastest growing biometrics markets in Latin America. Sporting of international events such as FIFA World Cup 2014 and Olympics 2016, escalating private investments, rising security concerns and increasing government security spending, are the factors driving the growth of biometrics in Brazilian market. With the increase in the demand for these devices, more number of local manufacturers would want to step up their presence in the market.
The Biometrics market is segmented on the basis of Technology (Fingerprint Scanning, Iris Scanning, Face Recognition, Voice Recognition, Signature Recognition, Palm Print Recognition, Vein Recognition, Gait Recognition, DNA Recognition and Others), and Application (Security, Travel & Immigration, Banking and Finance, Military & Defense, Government, Consumer/Residential and Others).
The report offers the countries showing growth in Latin America and emerging companies along with a list of their Financials and presents a host of investment opportunities ready for the taking. This report on the outlook for lucrative investment areas reviews the potential future returns, technological advancements, regulations and market responses so as to provide a clear perspective on the potential implications for the growth prospects of Biometrics Market in Latin America during the forecast period (2017-2022).
Browse Full Report @ http://www.orbisresearch.com/reports/index/investment-opportunities-for-biometrics-in-latin-america-2015-2020-2017-2022
What the report offers :
Market Definition of Investment Opportunities for Emerging Technologies in Latin America along with identification of key drivers and restraints for the market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market.
Extensively researched competitive landscape section with profiles of Emerging companies along with their financials, strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Investment Opportunities for Emerging Technologies in Latin America.
A comprehensive list of emerging market players along with the analysis of their current strategic interests and key financial information.
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Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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