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Gait Biometrics Market: Evolution

Gait recognition technologies are attracting groundswell of attention as next-gen, unobtrusive biometrics. Gait recognition technologies have made astounding advances over the years; still, the gait biometrics market is evolving relatively slowly with other fingerprint and iris recognition technologies. Advancements in psychophysics and algorithmic methods have enabled the grouping of spatial-temporal parameters.

Intense research in human motion analysis have brought at the forefront some state-of-the art video imagery analysis technologies and mathematical models. Gait biometrics are being viewed as a highly promising for spectrum of applications in policing, criminal justice, and national security applications. Concurrently, the gait biometrics market is projected to witnessed constant development on the back of burgeoning interest of policymakers and law enforcement agencies in the role of human ambulation in understanding human behaviors. They can be used for both for identification and verification of identities.

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Gait Biometrics Market: Drivers, Current Prospects, Lucrative Avenues

The non-intrusive nature of the gait recognition technology is perhaps the most compelling consumer propositions of the products in the gait biometrics market. Advancements in the automated vision-based algorithms have made the technology more reliable. Growing potential of gait biometrics in national security processes and forensic service practice has spurred demand research in the gait biometrics market.

Emerging gait recognition techniques have generated optimisms among law enforcement agencies on the back of vast amount of information that can be gleaned about human ambulation. Some of the unique advantages of gait biometrics are its possible utilization from long-distance mode, non-cooperative perception of human motion, and without the need of those persons in the existing database. Typically, gait recognition technologies can be used to analyze people up to five hundred feet away.

One of the promising target propositions for players in the gait biometrics market is the use of gait biometrics in gender and age prediction. Moreover, ongoing research in gait-based soft biometrics will pave way for lucrative avenues in the gait biometrics market. 

Gait Biometrics Market: Competition Landscape

A number of players are keenly spending on R&D for new methods that can generate more reliable results in the gait biometrics market. Particularly, he gait biometrics market has gained from growing collaboration between industry players and academia, notably funded by government agencies in developed nations. A case in point is massive funding by United States’ Defense Advanced Research Projects Agency to the University of Southampton for gait biometric research. Multiple institutes are leveraging their R&D funds, with Georgia Institute of Technology, MIT and the Lappeenranta University of Technology being some recent cases in point.

Players across the globe are making concerted efforts in developing gait recognition algorithms that are compatible with currently used biometrics hardware and software. In this regard, a convolutional neural networks will open up incredible avenues in the gait biometrics market.

Some of the key players in the gait biometrics market are Tekscan, Inc., Qualisys AB, Noraxon USA Inc., Motek Medical BV, mCube Inc., Innovative Sports Training Inc., Gait Up, CIR Systems Inc., Bodytech Australia Pty. Ltd., and BioSensics.

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Gait Biometrics Market: Regional Landscape

Developing and developed countries in North America and Asia Pacific have generated potential revenues in the gait biometrics market. The U.S. in particular has witnessed intense interest of gait biometrics for use in military facilities. Growing prospects of gai biometrics has spurred research funding for developing novel gait recognition technologies and algorithms. Furthermore, Asia Pacific gait biometrics market has been increasingly attracting the attention of biometric developers pursuing research in criminal psychology and human ambulation-based behavioural psychology.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Gait Biometrics Market