The global biometric systems market is anticipated to grow at a significant CAGR of 12.4% during the forecast period. The market is expected to grow modestly due to variety of factors which includes cohesive support from governments across the globe and favorable regulations that triggers the adoption of biometric market in varied domains and organization. Other factors such as a need for security, rapid adoption of e-passport by countries, theft and security concerns and so forth are contributing in the growth of the biometric systems market. Huge demand is emerging from varied sectors which includes government, military & defense, transport & logistics, commercial safety & security, healthcare, banking & finance, consumer electronics, business organizations and so forth will continue to contribute in the growth of biometric systems market. Adoption of biometrics market in smartphone, PCs, passport offices, banks will continue to contribute significantly in the growth of Biometrics market.
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The market for biometric market is expected to see new highs in future due to rapid growth seen in the e-commerce segment. The online buyers are continually increasing which is leading to a totally digitized shopping experience. This increases lot of theft and fraud chances. The biometric systems are being seen getting adopted in e-commerce which can be seen as a solid growth for the biometric systems market during the forecast period. Biometrics system market by technology such as face recognition, fingerprint recognition, iris recognition, palm print/hand recognition, hand geometry recognition, voice recognition, signature recognition and so forth are widely adopted across the globe.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Biometric Systems Market by Technology
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Palm Print Recognition
- Signature Recognition
- Others
Global Biometric Systems Market by Function
- Contact-based
- Contactless
- Hybrid
Global Biometric Systems Market by Authentication Level
- Single-factor Authentication
- Multi-level Authentication
Global Biometric Systems Market by Component
- Hardware
- Software
Global Biometric Systems Market by End-User
- Banking & Finance
- Home Security
- Travel & Immigration
- Military& Defense
- Healthcare
- Government
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 01 Systems
- Access, Ltd.
- Accurate Biometric, Inc.
- Accu-Time Systems, Inc.
- AD&S, Inc.
- Advance System Inc.
- Allevate, Ltd.
- AmpleTrails
- Anviz Global, Inc.
- Applied Recognition Corp.
- Argus TrueID
- Authentik Systems
- Aware, Inc.
- Bayometric
- Baztech Inc. (Pvt) Ltd.
- BiATM, Ltd.
- Bioconnect
- BioID Technologies Ltd.
- BIO-key International
- BioMax Security
- Biometrics Research Group, Inc.
- Certify Global, Inc.
- Choice Biometrics LLC
- Croma Security Solution Group
- DelaneyBiometrics – Fulcrum Biometrics, Ltd.
- Diamond Fortress Technologies, Inc.
- Fingerprint Cards AB
- Fujitsu Ltd.
- HID Global Corp.
- ImageWare Systems, Inc
- Intelligent Biometric Controls, Inc.
- Iris ID, Inc.
- IrisGuard UK, Ltd.
- LexisNexis Risk Solutions Group
- Morpho Safran Group
- NEC Corp.
- SecuGen Corp.
- SIC Biometrics
- Smartmatic
- Suprema, Inc.
- Thales Group
- Touchless Biometric Systems AG
- Trac-Tech (Pty) Ltd.
- UnionCommunity Co., Ltd.
- Vision RT
- Warwick Warp Ltd.
- ZKTECO Co., Ltd.
- Zvetco, LLC
- Zwipe AS
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biometric systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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