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Brazil Biometrics Market (2014-2020): Market Forecast By Technologies (Fingerprint, Face, Iris, Hand, Voice and Signature), Applications (Government, Security, Travel & Transportation, Banking & Finance, Healthcare and Consumer Electronics) and Regions (North, South, North-East, Central-West and South-East

Brazil biometrics market is emerging as one of the fastest growing biometrics markets in the global landscape. Though, the market is still in the nascent stage but is anticipated to gain tremendous growth over the next five years. Increasing security spending, IT spending, rising security concerns, data theft, international sporting events, and government projects are spurring the demand for various biometrics technologies in Brazil.

According to this research, Brazil Biometrics Market is projected to reach $1.3 billion by 2020. Declining prices, sporting of international events such as FIFA World Cup’2014 and Olympics’2016, increasing private investments, increasing government security spending, growing IT/ITeS, BFSI and hospitality segments are some of the main contributing factors driving the growth of biometrics in Brazilian market.

In Brazil’s biometrics market, international players have dominated the market due to lack of local manufacturing of these systems in domestic market. However, in the forecast period, as the demand for these devices increases more number of local manufacturers would to step up in the market.

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