Biometrics Technologies Market to 2027 - Global Analysis and Forecasts by Retail Type (Pre-Boarding and Post-Boarding); Shopping Type (Accessories, Alcohol, Beauty Products, Merchandise, and Others); Carrier Type (Full Service Carrier and Low Cost Carrier)
Publication Month: Aug 2019 | Report Code: TIPTE100000207 | No. of Pages: 176 | Category: Electronics and Semiconductor | Status: Published
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
Get more information on this report :
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
Get more information on this report :
Strategic Insights
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
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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global biometrics technologies market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global biometrics technologies market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Get the Latest COVID-19 Analysis on this market
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
-
$3000
-
$4550 $3640
-
$6550 $5240
-
$8550 $6840
-
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.
Inquire for Discount