Market Overview:
The global biometrics market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for security and safety measures, rising adoption of cloud-based solutions, and growing need for authentication and identification. The facial recognition biometrics segment is expected to hold the largest share of the global biometrics market in 2018. This segment is projected to grow at a CAGR of 17.8% from 2018 to 2030 due to the increasing demand for convenience and security across various applications such as airports, schools, examination institutions, and others. In terms of region, North America is expected to hold the largest share of the global biometrics market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
The definition of biometrics is the measurement and analysis of physical or behavioral characteristics that can uniquely identify an individual. Biometric authentication is a security process that uses these measurements to confirm an individual's identity. The importance of biometrics is that it provides a more secure way to authenticate individuals than traditional methods such as passwords and PINs.
Facial Recognition Biometrics:
Facial recognition biometrics is a technique that uses the facial features of an individual for verification purposes. The technology helps in enhancing security by identifying individuals during transactions. It also helps in eliminating counterfeits and false documents during the authentication process.
Fingerprint Biometrics:
Fingerprint biometrics is a technology that uses the natural characteristics of human fingers to provide a unique identity to users. It helps in providing access control, authentication and verification for users and systems. The technology provides high accuracy, speed and convenience over traditional methods such as passwords or tokens.
Application Insights:
The school segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. This can be attributed to increasing penetration of educational institutions at a global level as well as rising demand for security at schools. The examination institutes segment is also expected to exhibit considerable growth over the next eight years due to its application in various sectors such as healthcare, government, banking and financial services, IT and telecomms., travel & tourism, retail industry among others.
Fingerprint biometrics are widely used owing to its ease of use along with high accuracy levels compared with other conventional methods such as facial recognition or signature verification techniques which have been employed in recent years by many organizations globally for enhanced security measures against data loss or theft.
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 investments for the implementation of biometric systems across various sectors, such as education, healthcare, administration & defense, banking & finance, and others.
In India's upcoming budget for 2016-2017 fiscal year has been announced that it will invest around USD X billion in building smart cities with advanced infrastructure including smart water management systems and digital infrastructure which includes biometric based identification system. Such investments are anticipated to boost the adoption of biometrics solutions across emerging economies such as China and India thereby driving regional market growth over the next eight years.
Increasing terrorist activities have led governments worldwide to focus on strengthening national security through effective identification procedures coupled with stringent regulations regarding firearms possession by individuals; this factor is also projected to fuel regional product demand during the forecast period.
Growth Factors:
- Increasing demand for security and safety measures across various industries
- Proliferation of digital devices and subsequent increase in online transactions
- Growing need for authentication and identification procedures
- Rising concerns over data privacy and security breaches
- Advances in biometric technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometrics Market Research Report
By Type
Facial Recognition Biometrics, Fingerprint Biometrics, Voice Biometrics, Other
By Application
School, Examination Institutions, Others
By Companies
BIO-key, BioLink Solutions, Fujitsu, HID Global, NEC, Digitus Biometrics, Iris ID, IriTech, M2SYS, Touchless Biometrics Systems
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 Biometrics Market Report Segments:
The global Biometrics market is segmented on the basis of:
Types
Facial Recognition Biometrics, Fingerprint Biometrics, Voice Biometrics, Other
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
School, Examination Institutions, Others
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:
- BIO-key
- BioLink Solutions
- Fujitsu
- HID Global
- NEC
- Digitus Biometrics
- Iris ID
- IriTech
- M2SYS
- Touchless Biometrics Systems
Highlights of The Biometrics 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:
- Facial Recognition Biometrics
- Fingerprint Biometrics
- Voice Biometrics
- Other
- By Application:
- School
- Examination Institutions
- Others
- 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 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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- 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?
Biometrics is the use of physical characteristics to uniquely identify a person. This can include things like fingerprints, facial features, or iris scans.
Some of the key players operating in the biometrics market are BIO-key, BioLink Solutions, Fujitsu, HID Global, NEC, Digitus Biometrics, Iris ID, IriTech, M2SYS, Touchless Biometrics Systems.
The biometrics 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biometrics 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 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 Market Size & Forecast, 2020-2028
4.5.1 Biometrics Market Size and Y-o-Y Growth
4.5.2 Biometrics Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Facial Recognition Biometrics
5.2.2 Fingerprint Biometrics
5.2.3 Voice Biometrics
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 School
6.2.2 Examination Institutions
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometrics 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Facial Recognition Biometrics
9.6.2 Fingerprint Biometrics
9.6.3 Voice Biometrics
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 School
9.10.2 Examination Institutions
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Facial Recognition Biometrics
10.6.2 Fingerprint Biometrics
10.6.3 Voice Biometrics
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 School
10.10.2 Examination Institutions
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Facial Recognition Biometrics
11.6.2 Fingerprint Biometrics
11.6.3 Voice Biometrics
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 School
11.10.2 Examination Institutions
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Facial Recognition Biometrics
12.6.2 Fingerprint Biometrics
12.6.3 Voice Biometrics
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 School
12.10.2 Examination Institutions
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Facial Recognition Biometrics
13.6.2 Fingerprint Biometrics
13.6.3 Voice Biometrics
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 School
13.10.2 Examination Institutions
13.10.3 Others
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 Market: Competitive Dashboard
14.2 Global Biometrics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BIO-key
14.3.2 BioLink Solutions
14.3.3 Fujitsu
14.3.4 HID Global
14.3.5 NEC
14.3.6 Digitus Biometrics
14.3.7 Iris ID
14.3.8 IriTech
14.3.9 M2SYS
14.3.10 Touchless Biometrics Systems
