Biometric Systems Market Increases Geriatric Population to Drive Growth 2027 – The Daily Vale

biometric system market: by type of authentication (one-factor authentication and multi-factor authentication), by type of offer (software and hardware), by type of functionality (contact, contactless and handset), by end user (government, military and Defense, Healthcare, BFSI, Consumer Electronics, Security and Others), and by Region – Global industry sizing, growth, trend, opportunity and forecast (2020-2025)

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The Biometric System Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating in the global market. It involves in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will offer one of the most comprehensive analyzes of the market, capturing all aspects of the Biometric Systems industry.

Global Biometric Systems Market Research Report, 2018-2025 (USD Billion)
Biometric Systems Market: Introduction

A biometric system is a technology that identifies individuals through biological data, such as fingerprints, DNA, voice waves, retina, hand geometry, etc. It analyzes the physiological or biological characteristics specific to each individual in order to be able to verify their identity. The integration of biometric systems is constantly increasing in smartphones for surveillance and security due to the increase in cyber crimes and terrorist attacks. Biometric data protection is rapidly replacing conventional methods of securing data with PIN codes and photographs in education industries, government centers and workplaces. Various government authorities have made it mandatory for every individual to enroll in biometric systems. This data will help differentiate each person and reduce the risk of fraudulent activity.

Biometric systems market: dynamics

Growing adoption of biometric systems in smartphones for different applications, increasing usage of biometrics in banking industry especially to conduct a transaction, and increasing application of biometric system in healthcare industries are some- one of the factors driving the growth of the market across the globe. Additionally, increasing use of biometrics in workplaces to maintain an employee database, track employee attendance and punctuality are factors fueling the growth of the global biometric systems market. Other market driving factors include increasing adoption of biometric system in government sector for a range of applications, such as ration card registration, voter registration in low-security economy literacy, the electronic passport and the identification of individuals. For example, India’s national ID-Aadhar program is one of the largest biometric databases in the world enabling government agencies to provide retail services without the physical presence of an agent at a given location. .

The use of biometric systems for the identification of criminals is driving the demand for biometric systems across the world. Opportunities for the global biometric systems market can be created by technological advancements, upgrading of AI-controlled biometric devices. However, high cost of smart biometric devices, security issues, lack of skilled manpower to manage biometric devices and data storage are the major factors restraining the growth of the global biometric systems market during of the forecast period.

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Biometric System Market: Report Scope

The report outlines the biometric systems market study based on authentication type, offering type, feature type, and end-user.

On the basis of authentication type, the biometric systems market is segmented into

  • Single factor authentication
    • Fingerprint recognition
    • Iris recognition
    • face recognition
    • Others (signature recognition)

  • Multi-factor authentication
    • Smart card with biometrics
    • Pin with biometrics
    • Multimodal biometrics

On the basis of type of offering, the biometric systems market is segmented into

On the basis of feature type, the biometric systems market is segmented into

  • Contact
  • Without touching
  • Combined

Based on end-user, the biometric systems market is segmented into

  • Government
  • Military and Defense
  • Health care
  • BFSI
  • Consumer electronics
  • Security (residential and commercial)
  • Others (travel and immigration)

Biometric Systems Market by Authentication Type, 2018-2025 (USD Million)

Source: MSG Analysis, 2020

Biometric System Market: Regional Outlook

Geographically, the biometric systems market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa (MEA). In 2019, North America accounted for the largest market share and is expected to maintain its dominance throughout the forecast period. The United States and Canada have developed economies that allow them to invest heavily in public safety activities. Rapidly growing digitization and adoption of smart technologies have further propelled the growth of the biometric systems market in the region. The growth of the North America market can also be attributed to increasing government initiatives in countries like Mexico, United States, and Canada for large-scale funded programs such as e-visa and e-passport. The US Department of Defense and the Department of Homeland Security use fingerprint biometrics to facilitate physical and digital access and limit security issues.

Biometric System Market Growth by Region, 2020-2025

Source: MSG Analysis, 2020

After North America, Asia-Pacific is expected to witness considerable growth in the biometric systems market over the forecast period. This growth is supported by the growth of small and medium-sized enterprises (SMEs) and startups in this region. The increasing adoption of biometric technologies in e-passport and national identity programs is providing growth to the market. Moreover, the governments in the region are heavily investing funds in public security and using biometric devices for the country’s border security checkpoints due to the increase in terrorist attack activities. Furthermore, increasing industrialization is continuously increasing the demand for safety and security of enterprise database, and the fight against fraudulent activities is further boosting the market growth in the region.

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Biometric System Market: Competitive Landscape

The major manufacturers of biometric systems in the global market are Thales Group, Safran, NEC Corporation (NEC), ASSA ABLOY AB (ASSA ABLOY) and Fujitsu. Other manufacturers of biometric systems include Bio Key International Inc., Precise Biometric AB, Secunet Security Network AG, Aware Inc. and Cross Match Technologies.

  • In March 2018, the Thales group acquired Gemalto to enrich its biometric offers in the field of digital security.
  • In June 2019, Gemalto acquired Green Bit SpA to enhance its biometric capture capabilities.

The Biometric Systems Market research report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.

Regional Analysis of Biometric System Market Includes:
  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA

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Biometric Systems Market: Target Audience
  • Manufacture of biometric systems
  • Distributors of biometric systems and suppliers of raw materials
  • Tier 1 Component Suppliers
  • Research institutions and universities
  • Trade publications and magazines
  • Government authorities, associations and organizations
  • Independent Aftermarket Players

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