Report

Saudi Arabia biometric systems market is projected to register growth at a significant rate during the forecast period, 2023-2027. The market growth can be attributed to the rising demand for authorized access to an infrastructure and growing applications of the artificial intelligence and Internet of Things services. Besides, high demand for identity-based IT solutions and advanced security mechanisms to ward off online terrorism activities is supporting the growth of the Saudi Arabia biometric systems.
Biometric system uses a person's personal data to identify them with distinctive biological characteristics such as retinal identification, fingerprint, voice recognition, facial recognition, and vein patterns in the palm or fingers. The biometric technologies fall under several categories such as voice recognition, iris recognition, facial recognition, handwriting recognition, and fingerprint scanning.
One of the areas in the Kingdom of Saudi Arabia that is expanding quickly is the construction industry. In 2020, the construction market was estimated to be worth over USD37 billion. The industry's continued growth guarantees advanced construction, and the adoption of internet-based services like biometric systems, which facilitates the growth of the Saudi Arabia biometric systems market over the next five years. High investments in the industry, escalating consumer demand, rising disposable income in the population, and developing infrastructure security concerns are contributing to the growth of the Saudi Arabia biometric systems market.
Similar to other GCC nations, Saudi Arabia's economy is heavily reliant on the oil sector, and the expansion of that sector has a direct impact on the country's GDP growth. Through the development of other public sectors including healthcare, education, infrastructure, recreation, tourism, and the IT industry, among others, the Saudi government has planned to reduce its reliance on the oil industry and diversify its economy. The programme involves the use cutting-edge ICT and telecommunications technology to emphasize the idea of digital transformation.
The government's efforts to develop communication, security, and internet services have resulted in a rapid adoption of traditional processes, procedures, services, etc., which is expected to support the growth of the Saudi Arabia biometric systems market during the next five years.
The Saudi Arabia biometric systems market is segmented on the basis of solution type, functionality type, end use industry, competitional landscape, and regional distribution. Based on solution type, the market is further segmented into fingerprint recognition, facial recognition, iris scanner, hand/palm recognition, voice recognition, vein scanner, and others. The fingerprint recognition is anticipated to hold the largest share in the Saudi Arabia biometric systems market, owing to easier system installation.
Major players operating in the Saudi Arabia are NEC Corporation, Thales Group, BIO-Key International, Inc., Assa Abloy AB, IDEMIA France SAS, DERMALOG Identification Systems GmbH, Cognitec Systems, GmbH, Fujitsu Limited, IDEX Biometrics ASA, Next Biometrics ASA, SecuGen Corporation, Aware Inc., Precise Biometrics, Fingerprint Cards AB, M2SYS Technology, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia biometric systems from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia biometric systems market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the Saudi Arabia biometric systems market based on solution type, functionality type, end use industry, region, and company.
- To identify the dominant region or segment in the Saudi Arabia biometric systems market.
- To identify drivers and challenges for the Saudi Arabia biometric systems market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia biometric systems market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia biometric systems market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia biometric systems market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia biometric systems market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia biometric systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Biometric Systems Market, By Solution Type:
o Fingerprint Recognition
o Facial Recognition
o Iris Scanner
o Hand/Palm Recognition
o Voice Recognition
o Vein Scanner
o Others
- Saudi Arabia Biometric Systems Market, By Functionality Type:
o Contact Based
o Contact Less
o Hybrid
- Saudi Arabia Biometric Systems Market, By End Use Industry:
o Government and Defense
o BFSI
o Consumer Electronics
o IT and Telecom
o Healthcare and Lifesciences
o Retail and E-commerce
o Others
- Saudi Arabia Biometric Systems Market, By Region:
o Northern & Central Region
o Eastern Region
o Southern Region
o Western Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia biometric systems market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).