Market Overview:
The global biometrics in workforce management market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for biometric authentication in various applications such as identification, access control, and monitoring. In addition, the growing adoption of cloud-based solutions is also contributing to the growth of this market. However, data security and privacy concerns may restrain the growth of this market during the forecast period. Based on type, fingerprint identification is expected to hold a major share of the global biometrics in workforce management market during the forecast period. This can be attributed to its high accuracy and reliability compared with other types of biometric authentication methods such as facial recognition and iris recognition.
Product Definition:
Biometrics is the use of physical or behavioral characteristics to identify an individual. It can be used in workforce management to identify employees and track their hours worked.
Fingerprint Identification:
Fingerprint identification is a technology that was initially developed for the military and law enforcement agencies. It is now being used in various commercial applications such as consumer electronics, mobile phones, personal data storage devices and access control systems among others. The technology uses an individual’s fingerprint to verify their identity during the registration process or logon process on a computer system or device.
Facial Recognition:
Facial recognition is the technology that enables a computer to identify and verify the identity of an individual based on their facial appearance. It uses features such as eyes, nose, mouth, and chin of an individual for identification purposes. The technology has been used in several applications such as attendance systems, security clearance access control list management system user verification etc.
Application Insights:
The access control segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to a rise in cyber-attacks, which necessitates stringent security measures. An access control system based on biometric authentication ensures that only authorized users are granted entry into a premises or office space. It also helps reduce human errors and frauds during logins, thereby enhancing its adoption across organizations.
Biometrics solutions help create an accurate digital record of an individual for various applications including identity proofing, background check, employee monitoring & tracking, and attendance tracking & management among others. The identification segment held a substantial share of the overall revenue in 2017 owing to increasing government initiatives such as eID programmes implemented by countries such as India and China along with growing awareness about online transactions leading companies like Microsoft Corporation., Accenture Plc., Infosys Technologies Ltd., etc.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives and regulations for biometric-based identification, along with rising adoption of emerging technologies across various sectors. For instance, in India, the Unique Identification (UID) project aims at creating a permanent record of an individual's demographic information which is used for establishing identity; it is also being considered as a proof of residence and employment.
In addition, growing concerns related to data theft and fraud have led governments worldwide to increase their focus on adopting digital ID solutions such as biometrics that provide strong authentication capabilities against hackers & counterfeiters. Furthermore, increasing investments by governments worldwide are paving way for market growth across all regions over the next few years.
Growth Factors:
- Increasing demand for biometric authentication in government and defense sector
- Growing demand for biometric technology in banking and financial sector
- Rising adoption of biometric technology in healthcare sector
- Proliferation of digital devices and increasing use of mobile commerce
- Increasing need for security and safety measures
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometrics in Workforce Management Market Research Report
By Type
Fingerprint Identification, Facial Recognition, Iris Recognition, Others
By Application
Identification, Access Control, Monitoring
By Companies
iMotions, NeuroKai, NeuroSky, B-Secur, Interactive Video Productions, Nymi, Pinnacle Technology
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Biometrics in Workforce Management Market Report Segments:
The global Biometrics in Workforce Management market is segmented on the basis of:
Types
Fingerprint Identification, Facial 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
Identification, Access Control, Monitoring
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:
- iMotions
- NeuroKai
- NeuroSky
- B-Secur
- Interactive Video Productions
- Nymi
- Pinnacle Technology
Highlights of The Biometrics in Workforce Management 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:
- Fingerprint Identification
- Facial Recognition
- Iris Recognition
- Others
- By Application:
- Identification
- Access Control
- Monitoring
- 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 Biometrics in Workforce Management 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.
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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?
Biometrics is the use of physical characteristics, such as fingerprints or facial recognition software, to identify individuals. This technology can be used to verify an individual's identity and access privileges, and it can also be used for security purposes.
Some of the key players operating in the biometrics in workforce management market are iMotions, NeuroKai, NeuroSky, B-Secur, Interactive Video Productions, Nymi, Pinnacle Technology.
The biometrics in workforce management market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Biometrics in Workforce Management 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 Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size & Forecast, 2018-2028 4.5.1 Biometrics in Workforce Management Market Size and Y-o-Y Growth 4.5.2 Biometrics in Workforce Management Market Absolute $ Opportunity
Chapter 5 Global Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size Forecast by Type
5.2.1 Fingerprint Identification
5.2.2 Facial Recognition
5.2.3 Iris Recognition
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size Forecast by Applications
6.2.1 Identification
6.2.2 Access Control
6.2.3 Monitoring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometrics in Workforce Management 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 Biometrics in Workforce Management 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 Biometrics in Workforce Management Analysis and Forecast
9.1 Introduction
9.2 North America Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size Forecast by Type
9.6.1 Fingerprint Identification
9.6.2 Facial 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 Biometrics in Workforce Management Market Size Forecast by Applications
9.10.1 Identification
9.10.2 Access Control
9.10.3 Monitoring
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 Biometrics in Workforce Management Analysis and Forecast
10.1 Introduction
10.2 Europe Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size Forecast by Type
10.6.1 Fingerprint Identification
10.6.2 Facial 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 Biometrics in Workforce Management Market Size Forecast by Applications
10.10.1 Identification
10.10.2 Access Control
10.10.3 Monitoring
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 Biometrics in Workforce Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size Forecast by Type
11.6.1 Fingerprint Identification
11.6.2 Facial 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 Biometrics in Workforce Management Market Size Forecast by Applications
11.10.1 Identification
11.10.2 Access Control
11.10.3 Monitoring
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 Biometrics in Workforce Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Biometrics in Workforce Management 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 Biometrics in Workforce Management Market Size Forecast by Type
12.6.1 Fingerprint Identification
12.6.2 Facial 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 Biometrics in Workforce Management Market Size Forecast by Applications
12.10.1 Identification
12.10.2 Access Control
12.10.3 Monitoring
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) Biometrics in Workforce Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biometrics in Workforce Management 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) Biometrics in Workforce Management Market Size Forecast by Type
13.6.1 Fingerprint Identification
13.6.2 Facial 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) Biometrics in Workforce Management Market Size Forecast by Applications
13.10.1 Identification
13.10.2 Access Control
13.10.3 Monitoring
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 Biometrics in Workforce Management Market: Competitive Dashboard
14.2 Global Biometrics in Workforce Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 iMotions
14.3.2 NeuroKai
14.3.3 NeuroSky
14.3.4 B-Secur
14.3.5 Interactive Video Productions
14.3.6 Nymi
14.3.7 Pinnacle Technology