New York, NY, June 27, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Brain Fingerprinting Technology Market By Equipment (Personal Computer, Data Acquisition Board, Graphics Card, Sensors, and Four-Channel Electroencephalography (EEG) Amplifier System), By Technique (Brain Fingerprinting Testing, Scientific Procedure, and Computer Controlled), and By Application (National Security, Medical Diagnosis, Advertising, and Criminal Justice): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global brain fingerprinting technology market was around USD 3.62 billion in 2018 and is expected to reach approximately USD 5.34 billion in 2025, at a CAGR of slightly above 6.25% between 2019 and 2025.
The brain fingerprinting technology is a computer-based test that discovers, documents, and provides evidence regarding crimes. It can be also used for identifying people involved in terrorist cells. This technique measures electrical brain waves by measuring the recognition of familiar stimuli in response to numerous information or data presented on a computer screen. Technological advancements globally are fuelling the demand for biometrics, owing to which the demand for brain fingerprinting is replacing the traditional ways of detecting crimes and counter-terrorism. With the help of brain fingerprinting technology, government agencies are able to solve crime activities, prevent public benefit activities or fraud voting’s, and safeguard numerous applications like banking, access control, and employee background checks. All these factors are anticipated to boost the global brain fingerprinting technology market in the years ahead.
Browse through 54 Tables & 29 Figures spread over 138 Pages and in-depth TOC on “Global Brain Fingerprinting Technology Market: By Type, Technology, Size, Industry Share, Trends, Growth, Analysis and Forecast, 2018–2025”.
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The equipment segment of the brain fingerprinting technology market includes a personal computer, data acquisition board, graphics card, sensors, and four-channel EEG amplifier system. The four-channel EEG amplifier system is highly useful and effective, as it helps to record and interpret the brain’s electrical activity from the electrodes that are placed on the individual’s scalp. By technique, the market includes brain fingerprinting testing, scientific procedure, and computer controlled. The brain fingerprinting testing technique measures/detect information stored in the human brain. An electrical brain wave response, called P300, is used to emit through the brain within a fraction of seconds. This electrical brain wave response is widely used and accepted by the scientific community.
On the basis of application, the brain fingerprinting technology market is fragmented into national security, medical diagnosis, advertising, and criminal justice. This technology plays a critical role in counter-terrorism prevention, as it helps to determine the people involved in terrorist acts directly or indirectly and even identifies trained terrorists who have the potential to commit terrorist acts in the future.
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North America is estimated to lead the brain fingerprinting technology market globally over the estimated timeline. In the U.S., various biometric techniques are being adopted in numerous sectors, such as defense, justice, commerce, and homeland security. Brain fingerprinting can play a vital role in defense and justice, thereby contributing to this regional market.
In Europe, rising technological advancements, such as Artificial Intelligence (AI), smart biometrics, etc., are fuelling the brain fingerprinting technology market. The region is continuously showing developments related to security systems to provide secured tourism for tourists and even the European member countries. Recently, three ports in the European Union took border control to the next level. Greece, Latvia, and Hungary travelers are now supposed to take a lie detector test, which is conducted by an animated border agent. These regional advancements are likely to create new growth opportunities over the forecast time period.
Browse the full “Brain Fingerprinting Technology Market By Equipment (Personal Computer, Data Acquisition Board, Graphics Card, Sensors, and Four-Channel Electroencephalography (EEG) Amplifier System), By Technique (Brain Fingerprinting Testing, Scientific Procedure, and Computer Controlled), and By Application (National Security, Medical Diagnosis, Advertising, and Criminal Justice): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/brain-fingerprinting-technology-market
The Asia Pacific brain fingerprinting technology market is predicted to register the fastest CAGR in the future, particularly in growing economies of India and China. The demand for enhanced technology implementation, efforts, and awareness to standardize healthcare, lie detection, and recognition technology are some growth drivers for this market. Additionally, developing technology hubs, huge population base, and affluent countries like Japan and South Korea have further enhanced the market prospects of the Asia Pacific region.
Latin America is expected to grow rapidly in this market, owing to customer-focused corporate investments and rising government expenditures. Argentina and Brazil are contributing majorly to this regional market’s growth of the market. Brazil holds a major share of the Latin American brain fingerprinting technology market, due to increasing security spending, growing security across borders and airports of Brazil, and rising incidences of cybercrimes. In the Middle East, the UAE, Saudi Arabia, and South Africa are major countries in the region. The growing number of infrastructural and construction projects in the region is contributing to biometric technology growth. Moreover, high security, flourishing IT, growing establishments of trades and business, and positive government initiatives are driving the region’s brain fingerprinting technology market.
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Some key participants operating in the global brain fingerprinting technology market are Brainwave Science and Brain Fingerprinting Laboratories.
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This report segments the global brain fingerprinting technology market into:
Global Brain Fingerprinting Technology Market: Equipment Analysis
- Personal Computer
- Data Acquisition Board
- Graphics Card
- Sensors
- Four-Channel Electroencephalography (EEG) Amplifier System
Global Brain Fingerprinting Technology Market: Technique Analysis
- Brain Fingerprinting Testing
- Scientific Procedure
- Computer Controlled
Global Brain Fingerprinting Technology Market: Application Analysis
- National Security
- Medical Diagnosis
- Advertising
- Criminal Justice
Global Brain Fingerprinting Technology Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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