Market Overview:
The global biometric data encryption device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data security and privacy across different applications, such as commercial, residential, and industrial. In addition, the increasing adoption of biometric authentication by various organizations is also contributing to the growth of this market. Based on type, the global biometric data encryption device market can be segmented into face recognition, fingerprint recognition, iris recognition, and others. Among these segments, fingerprint recognition is expected to witness highest growth during the forecast period owing to its growing popularity among consumers for secure authentication purposes. Based on application, the global biometric data encryption device market can be segmented into commercial applications such as banking and financial services sector; residential applications such as smart homes; and industrial applications such as automotive manufacturing plants and healthcare facilities.
Product Definition:
A biometric data encryption device is a piece of technology that is used to encrypt biometric data. This device is important because it helps to protect the privacy of the individual's biometric data.
Face Recognition:
Face recognition is a biometric identification procedure, which analyzes the facial features of an individual and matches them with the existing records. The technology is used for verification purposes in government programs such as Social Security Number Verification (SSNV) and immigration services. It also finds its use in commercial applications such as banking authentication, security surveillance, and access control systems among others.
Fingerprint Recognition:
The technology is used to compare the biometric data of a person with their fingerprint. It helps in providing an additional layer of security to access personal information. The main purpose of this technology is to ensure that only authorized personnel can access the device or information.
Advancements in sensor technologies have led to its increasing use for various applications such as mobile payments, electronic passports, and e-commerce payment systems among others which are expected to drive market growth over the forecast period.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The use of biometric data encryption devices at commercial places, such as shopping malls, markets and public gardens to prevent frauds related to digital payment transactions is expected to be the key factor for its large share. Moreover, stringent government regulations that mandate the usage of BDE solutions at various levels are further anticipated to fuel market growth over the forecast period.
Residential applications are projected to witness significant growth over the forecast period owing to increasing concerns about protecting personal information regarding residents living in multi-family residential buildings and single-family homes from cyberattacks and identity thefts by using BDE solutions with strong authentication features.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to various factors such as increasing government initiatives, rising adoption of biometric technologies by several commercial sectors, and rapid technological advancements in this region. Moreover, countries such as China and India are investing heavily in R&D activities for developing advanced biometric systems that can provide security at domestic levels.
North America accounted for a significant share in 2016 owing to high demand from end-users for highly secured & reliable biometric solutions with enhanced performance features. Furthermore, presence of key market players coupled with continuous strategic initiatives adopted by them is expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for data security and privacy from individual and enterprise users
- Growing number of cyber-attacks and data breaches
- Proliferation of connected devices and the Internet of Things (IoT)
- Government initiatives for adoption of biometric authentication in various sectors
- Rising demand for secure authentication methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometric Data Encryption Device Market Research Report
By Type
Face Recognition, Fingerprint Recognition, Iris Recognition, Others
By Application
Commercial, Residential, Industrial
By Companies
Nitgen, Suprema, Crossmatch, NEXT Biometrics, BioRugged, SecuGen, Integrated Biometrics, Lumidigm, Fujitsu Laboratories, Samsung Electronics, Dataram
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Biometric Data Encryption Device Market Report Segments:
The global Biometric Data Encryption Device market is segmented on the basis of:
Types
Face Recognition, Fingerprint Recognition, Iris Recognition, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nitgen
- Suprema
- Crossmatch
- NEXT Biometrics
- BioRugged
- SecuGen
- Integrated Biometrics
- Lumidigm
- Fujitsu Laboratories
- Samsung Electronics
- Dataram
Highlights of The Biometric Data Encryption Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Others
- By Application:
- Commercial
- Residential
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biometric Data Encryption Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A biometric data encryption device is a piece of hardware or software that can encrypt and decrypt biometric data.
Some of the major players in the biometric data encryption device market are Nitgen, Suprema, Crossmatch, NEXT Biometrics, BioRugged, SecuGen, Integrated Biometrics, Lumidigm, Fujitsu Laboratories, Samsung Electronics, Dataram.
The biometric data encryption device market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biometric Data Encryption Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biometric Data Encryption Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biometric Data Encryption Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biometric Data Encryption Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biometric Data Encryption Device Market Size & Forecast, 2018-2028
4.5.1 Biometric Data Encryption Device Market Size and Y-o-Y Growth
4.5.2 Biometric Data Encryption Device Market Absolute $ Opportunity
Chapter 5 Global Biometric Data Encryption Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biometric Data Encryption Device Market Size Forecast by Type
5.2.1 Face Recognition
5.2.2 Fingerprint Recognition
5.2.3 Iris Recognition
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biometric Data Encryption Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biometric Data Encryption Device Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometric Data Encryption Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biometric Data Encryption Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biometric Data Encryption Device Analysis and Forecast
9.1 Introduction
9.2 North America Biometric Data Encryption Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biometric Data Encryption Device Market Size Forecast by Type
9.6.1 Face Recognition
9.6.2 Fingerprint Recognition
9.6.3 Iris Recognition
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biometric Data Encryption Device Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biometric Data Encryption Device Analysis and Forecast
10.1 Introduction
10.2 Europe Biometric Data Encryption Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biometric Data Encryption Device Market Size Forecast by Type
10.6.1 Face Recognition
10.6.2 Fingerprint Recognition
10.6.3 Iris Recognition
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biometric Data Encryption Device Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biometric Data Encryption Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biometric Data Encryption Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biometric Data Encryption Device Market Size Forecast by Type
11.6.1 Face Recognition
11.6.2 Fingerprint Recognition
11.6.3 Iris Recognition
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biometric Data Encryption Device Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biometric Data Encryption Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Biometric Data Encryption Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biometric Data Encryption Device Market Size Forecast by Type
12.6.1 Face Recognition
12.6.2 Fingerprint Recognition
12.6.3 Iris Recognition
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biometric Data Encryption Device Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biometric Data Encryption Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biometric Data Encryption Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biometric Data Encryption Device Market Size Forecast by Type
13.6.1 Face Recognition
13.6.2 Fingerprint Recognition
13.6.3 Iris Recognition
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biometric Data Encryption Device Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biometric Data Encryption Device Market: Competitive Dashboard
14.2 Global Biometric Data Encryption Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nitgen
14.3.2 Suprema
14.3.3 Crossmatch
14.3.4 NEXT Biometrics
14.3.5 BioRugged
14.3.6 SecuGen
14.3.7 Integrated Biometrics
14.3.8 Lumidigm
14.3.9 Fujitsu Laboratories
14.3.10 Samsung Electronics
14.3.11 Dataram
