Biometrics Technologies Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Biometric technology is used for recognition and verification of individuals by analysing their fingerprints, voice recognition, face recognition, iris recognition and hand signatures. His or her intrinsic physical features can accurately identify every person. These technologies enable the government agencies to solve crimes, secure national borders and prevents frauds in voting. The benefits concerning biometric technologies include accurate identification, easy and safe for use, time-saving, security and convenience.

Biometrics Technologies Market Size & Growth:

The Biometrics Technologies Market size is projected to reach approximately $ XX m by the end of 2024 with a CAGR close to X% from $XX m in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include rising application in government & commercial sector, increasing usage of biometrics technologies in consumer electronics, increasing concern for safety & security. Healthcare sector is expected to have significant growth due to the usage of biometrics technologies for protecting patient privacy.

Biometric Technologies Market Share:

Various parameters divided the Biometrics Technologies market. By the application, they are divided into voice recognition, automated fingerprint, vein recognition, face recognition, multi-model authentication and others. Among them, the automated fingerprint has the largest market, due to its usage in various civil applications and law enforcement. From the End-User, they are divided into healthcare, Commercial, Transport, IT & Telecommunication and others. Among them commercial sector has the largest market owing to the opportunities in defence & security sector. By function type, they are divided into contact function type, non-contact function type, and others. Among them, non-contact function type has the largest market because it can uniquely identify the individual within less amount of time and can process 30 individuals per minute.  By Geography, North America has the largest market share due to increase in usage of this biometrics in commercial sectors, homeland security, and justice.

Biometrics Technologies Market Trends:

• Acuant has acquired Mount Airey Group created an e-authentication solution for border control, feature certification chain validation for passports.
• Immigration and law enforcement agencies around the world consider fingerprints to be one of the most reliable identification tools.
• Gemalto LTE_M wireless module earns AT&T certification expanding highly efficient cellular connectivity for IOT devices.

Biometrics Technologies Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Identify the latest developments, market shares and strategies that are employed by the major market players, such as

• Fujitsu Limited
• NEC Corporation
• 3M Cogent
• Gemalto Solutions
• Bio-Key International, INC