$4550
$3640
Biometrics technologies market in global is expected to grow from US$ 14.6 Bn in 2018 to US$ 55.4 Bn by the year 2027. This represents a CAGR of 16.2% from the year 2019 to 2027.
North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. In 2018, Asia Pacific held the leadership position in the global biometrics technologies market with more than 30% share of the overall biometrics technologies market. Europe and North America held the second and third position in terms of biometrics technologies revenue.
Lucrative Regional Biometrics Technologies Markets
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities

- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights
Demand for biometrics technologies for enhanced security and convenience is fueling the market
With the increasing need for security among enterprises, the demand for enhanced identification technologies is growing at an exponential rate. In addition to this, continuous advancements and mass penetration of biometric technologies in consumer devices are two factors driving the growth of biometric technologies market. Biometrics Technologies are widely implemented in industries such as banking and finance, government, healthcare, military & defense, and consumer electronics for both single-factor and multi-factor authentication to provide enhanced security and accuracy. Large-scale government biometrics programs for national IDs & border control applications and employee access monitoring in public and private buildings are boosting the revenue growth of biometrics technologies worldwide.
Biometrics identification technologies are being used in airports to verify the identity of passengers and staff. Presently more than 800 million biometric passports are in circulation worldwide. In hospitals, various types of biometric technologies such as fingerprint, face recognition, palm recognition, and iris recognition are being used to identify patients, staff, custom access control, and other such applications. In the past decade, with increasing penetration of mobile biometrics in devices such as smartphones, tablets, etc., the demand for biometrics technologies is growing at an impressive rate owing to the enhanced security and convenience offered by these technologies. Biometric technologies are being widely accepted for identification and authentication purposes in various industries, and this trend is expected to continue further with increasing technological advancements in existing biometric technologies and development of new biometric methods. All these factors are expected to drive the global biometrics technologies market during the forecast period of 2019 to 2027.
Technology Insights
The global biometrics technologies market by technology was led by fingerprint recognition segment. Face recognition segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Application Insights
The global biometrics technologies market by application was led by government segment. Banking and finance segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Global Biometrics Technologies Market by Technology
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities

- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Biometrics Technologies Market: Strategic Insights
Market Size Value in US$ 14.60 Billion in 2018 Market Size Value by US$ 55.42 Billion by 2027 Growth rate CAGR of 16.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Biometrics Technologies Market: Strategic Insights

Market Size Value in | US$ 14.60 Billion in 2018 |
Market Size Value by | US$ 55.42 Billion by 2027 |
Growth rate | CAGR of 16.2% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |

Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

The market players present in biometrics technologies market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below:
2019:IDEMIA announced partnership with ONFIDO for digital identity verification and customer solution.
2019:NEC Corporation partnered with Centre for Development of Advanced Computing (C-DAC).
2019:Precises’ fingerprint software deployed in a series of mobile devices – first integration with Asian partner Egis Technology.
GLOBAL BIOMETRICS TECHNOLOGIES MARKET – MARKET SEGMENTATION
Global Biometrics Technologies Market by Technology
- Fingerprint Recognition
- Palm Recognition
- Face Recognition
- Iris Recognition
- Voice Recognition
- Others
Global Biometrics Technologies Market by Application
- Banking and Finance
- Government
- Healthcare
- Military & Defense
- Consumer Electronics
- Others
Global Biometrics Technologies Market by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Companies Mentioned
- Aware Inc.
- BIO-key International, Inc.
- Fujitsu Limited
- Gemalto NV
- IDEMIA
- ImageWare Systems, Inc.
- NEC Corporation
- Precise Biometrics AB
- Suprema Inc.
- Secunet Security Networks AG

Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Retail Type ; Shopping Type ; Carrier Type

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Aware Inc.
- BIO-key International, Inc.
- Fujitsu Limited
- Gemalto NV
- IDEMIA
- ImageWare Systems, Inc.
- NEC Corporation
- Precise Biometrics AB
- Suprema Inc.
- Secunet Security Networks AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Related Reports

Aug 2019
Immersion Cooling for EV Batteries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Single-Phase Immersion Cooling and Two-Phase Immersion Cooling) and Cooling Fluid Type (Mineral Oil, Synthetic Oil, and Others)

Aug 2019
Industrial Refrigeration Equipment Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Mechanical-Compression Refrigeration Systems, Evaporative Cooling, Absorption, and Thermoelectric), Refrigerant Type [Ammonia–R717, Carbon Dioxide (CO2)–R744, and Hydrocarbons–HCs], and Application (Food and Beverages, Pharmaceutical, Chemical and Petrochemical, District Cooling, Data Centres, Electricity Production, and Others)

Aug 2019
Commercial Refrigeration Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Refrigerator, Freezer, Heated Cabinets, Milk Coolers, Chef Bases, Full Size Undercounters, Full Size Prep Tables Refrigerator and Freezers, Back Bar, Blast Chillers, and Others), Application (Hospitality and Institutional), Door Type (Single, Dual, and Multi), and Section Type (Single, Dual, and Multi), and Geography

Aug 2019
Printing Machinery and Equipment Market
Forecast to 2030 - Global Analysis by Operation (Manual and Automatic), Product Type (Offset Lithography, Flexography, Screen, Digital, and Others), Substrate Type (Plastic, Paper & Paperboard, Metal, and Others), and End Use (Commercial, Publication, and Others)