Biometrics Market | Size, Growth, Trends and Analysis 2019-2024
According to the latest report by IMARC Group, titled “Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global biometrics market size reached US$ 16.7 Billion in 2018. Biometrics refers to a technological authentication method which is utilized in information assurance (IA) for secure entry, data or access. It primarily relies on scanning their physical or biological characteristics, such as the face, DNA, fingerprint, iris, retina, palm and palm veins, which are difficult to forge or duplicate. It helps to provide more accurate identification and lower the risk of unwanted intrusion. As a result, biometrics technologies are widely used in schools, colleges, banks, public libraries, corporate and government offices, and consumer electronics including smartphones and tablets.
Request Free Sample Report:
https://www.imarcgroup.com/biometrics-market/requestsample
Owing to the affordability and easy usage of biometrics technologies, they have gained acceptance across the globe. For instance, biometric security systems are considered relatively more convenient for employees and other personnel in the corporate sector as they do not involve memorizing passwords or carrying an identification card at all times. Apart from this, several smartphone manufacturers are incorporating fingerprint scanners in their devices to enhance the overall user experience. This has also encouraged several banking organizations to utilize these systems for securing users from fraudulent activities while using online banking services or making transactions on e-commerce websites via their mobile devices. Furthermore, these technologies are being used in various government organizations, especially in the e-passport and e-visa programs. Looking forward, the market value is projected to exceed US$ 37.2 Billion by 2024, expanding at a CAGR of around 14% during 2019-2024.
Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/biometrics-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Contact US
IMARC Group
Email: [email protected]
Tel No:(D) +91 120 433 0800 | www.imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Linkedin: https://www.linkedin.com/company/imarc-group