The latest market intelligence report, titled ‘Global Biometrics Market ’, is intended to provide the target audience with the necessary information about the global Biometrics Market industry. The report comprises a detailed analysis of the vital elements of the Biometrics Market , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects
The global biometrics market size reached USD 43.54 Billion in 2021 and is expected to register a revenue CAGR of 14.8% during the forecast period, according to latest analysis by Emergen Research. Increasing need for more convenient and fast authentication mode and increasing need for easy-to-operate and user-friendly security systems are some key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for high level of security in banking and finance and defense sectors is expected to continue to drive revenue growth of market going ahead.Biometrics provides increased levels of security to providers whether a person is real by verifying identity using several methods such as face recognition, voice recognition, signature recognition, iris recognition, fingerprint recognition, and hand geometry recognition, among others. Biometric authentication road-blocks for fraudsters, allowing only authorized user access. In addition, increasing need for minimizing data breaches and reducing chances of cyber-attacks is expected to boost demand for biometric systems. Furthermore, increasing need for biometric systems to deliver highest level of accuracy, security, and efficiency in various processes such as access control, customer onboarding, fraud prevention, loss prevention, time and attendance, forensic investigation, background checks, border security, and government benefit provision are some other key factors expected to drive market revenue growth during the forecast period.
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Exhaustive coverage of the COVID-19 impact on the Biometrics Market industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Research Report on the Biometrics Market Addresses the Following Key Questions:
- Who are the dominant players of the Biometrics market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Biometrics market?
- What are the key growth drivers and restraining factors of the Biometrics market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Biometrics market and its key segments?
Global Biometrics Market: Competitive Analysis :
Leidos Holdings, Inc., Gemalto N.V. (3M Cogent), NEC Corporation, Fujitsu Ltd., ImageWare Systems, Inc., BioEngagable Technologies Pvt. Ltd, Mobbeel Solutions, S.L.L., M2SYS Technology – KernellÓ Inc., SIC Biometrics, Precise Biometrics, BioID AG, IriTech, Inc., IDEMIA France SAS, Aware, Inc., and Fulcrum Biometrics, LLC
The research study examines historic data from 2018 and 2020 to draw forecasts until 2032. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Biometrics Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Segments Covered in this report are:
-
Technology Outlook (Revenue: USD Billion; 2017-2027)
- Facial Recognition
- Fingerprint Recognition
- Voice Recognition
- Palm Recognition
- Iris Recognition
- Others
-
Industry Vertical Outlook (Revenue: USD Billion; 2017-2027)
- Government and Defense
- Healthcare and Life Sciences
- Law Enforcement
- Human Resources
- Retail and E-commerce
- IT and Telecommunication
- Banking, Financial services, and Insurance (BFSI)
- Others
-
Applications Outlook (Revenue: USD Billion; 2017-2027)
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
- Others
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2023-2032
TOC of the global Biometrics Market report:
- Chapter 1, describes the Biometrics Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
- Chapter 2, analyzes the key manufacturers of Biometrics Market , along with the sales, revenue, and price of Biometrics Market , in the forecast period.
- Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
- Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Biometrics Market, for each region, from 2020 to 2032.
- Chapters 5, 6, 7, 8 and 9, analyze the Biometrics Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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