Global EEG and ECG Biometrics Market to Exhibit 12.37% CAGR during 2016-2020 due to Sustained Demand from Healthcare Sector


Published Date : May 09, 2016

ALBANY, New York, May 09, 2016: MarketResearchReports.biz has added a new research report on the global EEG and ECG biometrics market to its repository. The report, titled “Global EEG and ECG Biometrics Market 2016-2020,” offers an insightful study of the various factors impacting the growth of the global EEG and ECG biometrics market and assesses the size and valuation of the market in the coming years. The report projects the global EEG and ECG biometrics market to expand at a CAGR of 12.37% during the period between 2016 and 2020. The overall market has been studied on the basis of various EEG and ECG reports solutions and regions. The report further assesses the impact of Porter’s five forces on the growth of the market. Profiles of some of the key market players have been included in the report.

EEG biometric technology records and measures the electrical activity of the brain. These electrical patterns are analyzed and saved for authentication. ECG refers to a diagnostic tool that accesses the electrical activity of an individual’s heart. When integrated with biometric solutions, ECG is used for authentication purposes as well.

The report points out that the high adoption of EEG and ECG biometrics across the healthcare sector will boost the growth of the global EEG and ECG biometrics market. Increased expenditure on research and development activities by key vendors and the evolution of cloud-based biometrics will further augment the growth of the market during the forecast period. However, the high cost of EEG and ECG biometric systems will hinder the market’s growth. Strong competition from non-biometric substitutes, security and privacy concerns, and the vulnerability of biometric systems will also play spoilsport in the growth of the market. The overall market has a huge scope to grow with increasing need for advanced security in the government sector and emergence of multimodal biometrics.

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Scanners, software, hardware, sensors, and integrated solutions are the most common EEG and ECG reports solutions in the global EEG and ECG biometrics market. The report considers the revenue generated from the sales of EEG and ECG reports solutions to calculate the overall market size.

The report studies the global EEG and ECG biometrics market across some of the key regions such as EMEA, Americas, and APAC. The U.K., U.S., and Japan are among the leading countries in the market. The report takes into consideration the various micro- and macro-economic factors affecting the demand for EEG and ECG biometrics across the key regions.   

Describing the competitive hierarchy, the report profiles some of the prominent players in the global EEG and ECG biometrics market such as NeuroKai, iMotions, NeuroSky, Nymi, B-Secur, Interactive Video Productions, and Pinnacle Technology. The report further provides detailed information about the key players including their product offerings, revenue, financial overview, and recent developments.

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