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Report
Global Biometrics Market Report and Forecast 2024-2032
Market Report I 2024-03-25 I 182 Pages I EMR Inc.
Global Biometrics Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global biometrics market reached a value of USD 25.21 billion in 2023. Aided by the increasing demand for secure, efficient, and user-centric systems, the market is projected to further grow at a CAGR of 10.2% between 2024 and 2032 to reach a value of USD 60.18 billion by 2032.
Biometrics, the science of identifying individuals based on physical or behavioural characteristics, is revolutionising security, convenience, and personal identification in myriad sectors worldwide. As we advance towards a more digitalised and interconnected world, the reliance on biometric technologies for authentication and identification purposes is intensifying.
The biometrics market growth is being driven by the escalating demand for robust security solutions across banking, government, healthcare, and consumer electronics sectors. Projected to expand at an impressive Compound Annual Growth Rate (CAGR), the market's growth trajectory is underpinned by several key factors.
The surge in digital transactions, online services, and smart devices necessitates advanced security measures, propelling the adoption of biometric technologies such as fingerprint recognition, facial recognition, iris scanning, and voice authentication. Additionally, the increasing emphasis on national security and border control has led to the widespread implementation of biometric systems for identity verification and surveillance.
According to the biometrics market analysis, technological advancements in artificial intelligence (AI) and machine learning (ML) have significantly enhanced the accuracy, speed, and reliability of biometric systems, broadening their applicability and user acceptance.
Innovation in the biometrics field focuses on improving system performance, user experience, and privacy protection. The development of contactless biometrics, driven by hygiene concerns and the need for seamless authentication, exemplifies the industry's adaptability to changing consumer preferences and global challenges. Furthermore, the integration of biometrics with blockchain and other secure data management technologies promises to revolutionise identity verification, ensuring data integrity and privacy.
The regulatory environment significantly influences the biometrics market outlook, with policies and standards governing data protection, privacy, and the use of biometric technologies. Compliance with these regulations is crucial for companies operating in the biometrics space, ensuring the ethical and lawful use of biometric data.
Government initiatives aimed at enhancing national security, streamlining public services, and promoting digital identity systems further support the growth of the biometrics market, driving the demand for reliable and efficient biometric solutions.
Market Segmentation
The market can be divided based on component, biometric type, contact type, authentication, end use, and region.
Market Breakup by Component
- Solution
- Services
Market Breakup by Biometric Type
- Voice Recognition
- Hand Geometry
- Face Recognition
- Iris Recognition
- Signature Recognition
- Fingerprint
- Others
Market Breakup by Contact Type
- Contact Based
- Non-Contact Based
- Hybrid
Market Breakup by Authentication
- Single-Factor Authentication
- Multifactor Authentication
Market Breakup by End Use
- BFSI
- Government and Law Enforcement
- Commercial and Retail
- Healthcare
- Travel and Immigration
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global biometrics market. Some of the major players explored in the report by Expert Market Research are as follows:
- Fujitsu Ltd.
- NEC Corporation
- M2SYS Technology
- Leidos Holdings Inc.
- Thales SA
- Aware, Inc.
- Imageware Systems, Inc.
- Accu-Time Systems, Inc.
- S.I.C. Biometrics Global Inc.
- Phonexia s.r.o.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biometrics Market Analysis
8.1 Key Industry Highlights
8.2 Global Biometrics Historical Market (2018-2023)
8.3 Global Biometrics Market Forecast (2024-2032)
8.4 Global Biometrics Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Biometrics Market by Biometric Type
8.5.1 Voice Recognition
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hand Geometry
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Face Recognition
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Iris Recognition
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Signature Recognition
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Fingerprint
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Biometrics Market by Contact Type
8.6.1 Contact Based
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-Contact Based
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Hybrid
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Biometrics Market by Authentication
8.7.1 Single-Factor Authentication
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Multifactor Authentication
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Biometrics Market by End Use
8.8.1 BFSI
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Government and Law Enforcement
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Commercial and Retail
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Healthcare
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Travel and Immigration
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Others
8.9 Global Biometrics Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Biometrics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Biometrics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Biometrics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Biometrics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Biometrics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Fujitsu Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 NEC Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 M2SYS Technology
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Leidos Holdings Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Thales SA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Aware, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Imageware Systems, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Accu-Time Systems, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 S.I.C. Biometrics Global Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Phonexia s.r.o.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biometrics Market: Key Industry Highlights, 2018 and 2032
2. Global Biometrics Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Biometrics Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Biometrics Historical Market: Breakup by Biometric Type (USD Billion), 2018-2023
5. Global Biometrics Market Forecast: Breakup by Biometric Type (USD Billion), 2024-2032
6. Global Biometrics Historical Market: Breakup by Contact Type (USD Billion), 2018-2023
7. Global Biometrics Market Forecast: Breakup by Contact Type (USD Billion), 2024-2032
8. Global Biometrics Historical Market: Breakup by Authentication (USD Billion), 2018-2023
9. Global Biometrics Market Forecast: Breakup by Authentication (USD Billion), 2024-2032
10. Global Biometrics Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Global Biometrics Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Global Biometrics Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Biometrics Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Biometrics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Biometrics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Biometrics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Biometrics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Biometrics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Biometrics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Biometrics Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Biometrics Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Biometrics Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Biometrics Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Biometrics Market Structure
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