Biometrics System Market Key Players, Share, Trend, Segmentation and Forecast to 2027

Biometrics System Market Insights:

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Biometrics Market:

NEC Corporation
Suprema Inc.
Iris ID
Fujitsu Ltd.
Idemia
Crossmatch Technologies
Fujitsu Ltd.
Ultinous
IDEX Biometrics
Aware Inc.

The key drivers of the Biometrics Market are as follows:

The global biometric market is expected to witness a significant increase in demand in recent years. The major factors driving the growth of the market include the rising number of identity proof problems, which is different for every individual, and the growing requirement for technologically advanced security and surveillance. The emerging trend of ePassport and eVisa is further creating various growth opportunities in the market. Biometrics is widely used in several sectors, such as law enforcement, personal and national security, healthcare, and governance. Biometrics identification and security have become an important part of electronic devices, including laptops and smartphones. The strong demand for electronic products is fuelling the demand for biometrics worldwide.

Numerous government initiatives are being introduced to utilize this technology for different national-level policies and identification applications. For example, India's AADHAR project is the largest biometric identification system in the world. Various financial institutions, such as the banks, are planning to convert their customer base identification through biometrics, which will bring numerous growth opportunities in the market. The fingerprint identification technology captures a large share in the market as all other technologies are slowly penetrating the market. Furthermore, the decreasing price of biometrics technology is further boosting the market's growth.

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With the emergence of the COVID-19 crisis, the biometrics systems are being largely adopted for patient screening, early detection, and public safety monitoring to reduce the spread of the coronavirus. Additionally, the rising application of biometrics in face recognition and surveillance operations systems to identify individuals who are not wearing masks is another factor accelerating the demand of the market.

The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Biometrics Market:

Breakup by Authentication Type:

Single-Factor Authentication

Fingerprint Recognition

AFIS
Non-AFIS

Iris Recognition
Palm Print Recognition
Face Recognition
Vein Recognition
Signature Recognition
Voice Recognition
Others

DNA Recognition
Keystroke Recognition
Gait Recognition
Otoacoustic Emissions

Multi-Factor Authentication

Smart Card with Biometrics
Pin with Biometrics
Multimodal Biometric

Breakup by Offering:

Hardware

Fingerprint Readers
Scanners
Cameras
Others

Software

Breakup by Functionality:

Contact Functionality
Non-Contact Functionality
Combined Functionality

Breakup by End-User:

Government
Military & Defense
Healthcare
Banking & Finance
Consumer Electronics
Travel & Immigration
Automotive
Security

Residential Security
Commercial Security

Others

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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