ALBANY, New York, April 19, 2017 /PRNewswire/ —
The global military biometrics market is highly competitive, as its vendor landscape is marked by the presence of several large global players. The dominance in the market is however held by five major players – 3M Cogent, NEC Corporation, M2SYS Technology, Crossmatch, and Safran. Together these companies accounted for nearly 61% of the global military biometric market in 2016. A majority of the leading companies in the global military biometrics market boast global presence, which has catapulted them at the market’s fore, finds Transparency Market Research (TMR) in a new study.
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In order to gain competitive advantage, these companies are continuously engaged in product development. The investment in research and development is thus high, as these companies focus on gaining traction by offering advanced technologies. Also they work closely with software integrators, resellers, and end users
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