Market Overview:
The global emerging biometric technologies market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The increasing demand for advanced security and authentication solutions across various end-use applications is driving the growth of the global market. The increasing adoption of mobile devices and cloud-based services has led to an increase in the need for secure authentication mechanisms. This, in turn, is fueling the demand for advanced biometric technologies such as facial recognition, iris recognition, vein recognition, and voice/speech recognition technology. The fingerprint recognition technology segment accounted for the largest share of the global market in 2017. This segment is expected to continue its dominance during the forecast period due to its high accuracy and reliability levels compared with other biometric technologies.
Product Definition:
Emerging biometric technologies are those that are not yet widely used, but are expected to become more common in the future. They include things like vein recognition, facial recognition, and iris scanning.
The importance of emerging biometric technologies is that they offer a more secure way to identify people than traditional methods like passwords or ID cards. They are also more convenient than traditional methods, since they can be used without having to remember any information.
Fingerprint Recognition Technologies:
Fingerprint recognition is a technology that enables the security system to identify an individual by their fingerprints. It helps in providing access to authorized personnel for authentication and verification purposes. The technology is gaining popularity owing to its high level of accuracy, speed, and ease of use as compared to other biometric technologies such as face recognition and iris recognition.
Automated Fingerprint Identification System (Afis)/Live-Scan Technologies:
The global Automated Fingerprint Identification System (AFIS) or Live-Scan Technologies and its usage in emerging biometric technologies market is expected to witness significant growth over the forecast period. AFIS has gained popularity due to its added benefits such as high speed, ease of use, accuracy, and minimal maintenance costs. The technology offers a highly accurate way of identifying individuals by capturing their unique patterns using an automated device called scanner which contains sensors that capture images of fingers or other body parts.
Application Insights:
The physical access control using mobile biometrics segment dominated the global emerging biometric technologies market in 2017. This can be attributed to the increasing use of facial recognition technology for security purposes at corporate and government levels. For instance, many governments are moving from traditional fingerprinting systems to live-scanning technologies due to their faster processing speed and enhanced accuracy. Live-scanning technology is used by law enforcement agencies for gaining physical access rights on sensitive areas such as military bases or nuclear facilities.
The banking using mobile biometrics application segment is expected register a significant CAGR over the forecast period owing to its growing adoption in financial institutions worldwide, with an estimated revenue of USD 8 billion by 2030. The growth can be attributed to factors such as increased usage of smartphones that enable users securely authenticate themselves through fingerprints at banks and other financial institutions without having a separate password or key for each institution or service like Amazon Prime Video, Gmail etcetera.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives and spending on security infrastructure, which has resulted in high adoption of emerging biometric technologies across various applications. Furthermore, growing popularity of mobile banking and payment systems is also anticipated to drive the regional market growth over the forecast period.
The Asia Pacific region accounted for a major share owing to increased penetration of internet services and rapid technological advancements in emerging economies such as India, China, Singapore, South Korea & Australia (IMSCA). Moreover, rising cases of identity theft have led governments across these countries to invest more heavily in biometric-based identification systems that use fingerprint recognition technology among others for effective security measures. This factor is also expected fuel regional market growth during the forecast period.
Growth Factors:
- Increasing demand for biometric authentication in government and defense sector
- Rising use of biometric technology in smartphones and other portable devices
- Proliferation of cloud-based biometric solutions
- Growing need for security and safety measures across various industries
- Increasing adoption of biometrics by financial institutions for customer authentication
Scope Of The Report
Report Attributes
Report Details
Report Title
Emerging Biometric Technologies Market Research Report
By Type
Fingerprint Recognition Technologies, Automated Fingerprint Identification System (Afis)/Live-Scan Technologies, Facial Recognition Technology, Iris Recognition Technology, Vein Recognition Technology, Voice/Speech Recognition Technology, Hand Geometry Technology, Signature Recognition Technology
By Application
Mobile Biometrics Market, Payment Using Mobile Biometrics, Banking Using Mobile Biometrics, Physical Access Control Using Mobile Biometrics, Law Enforcement Using Mobile Biometrics, Disaster Response Using Mobile Biometrics
By Companies
3M Cogent, Aware, Bio-Key International, Cognitec Systems, Cross Match Technologies, Daon, Facebanx, Fujitsu, Fulcrum Biometrics, NEC, Precise Biometrics, Safran, Secunet Security Networks, Thales
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Emerging Biometric Technologies Market Report Segments:
The global Emerging Biometric Technologies market is segmented on the basis of:
Types
Fingerprint Recognition Technologies, Automated Fingerprint Identification System (Afis)/Live-Scan Technologies, Facial Recognition Technology, Iris Recognition Technology, Vein Recognition Technology, Voice/Speech Recognition Technology, Hand Geometry Technology, Signature Recognition Technology
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
Mobile Biometrics Market, Payment Using Mobile Biometrics, Banking Using Mobile Biometrics, Physical Access Control Using Mobile Biometrics, Law Enforcement Using Mobile Biometrics, Disaster Response Using Mobile Biometrics
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:
- 3M Cogent
- Aware
- Bio-Key International
- Cognitec Systems
- Cross Match Technologies
- Daon
- Facebanx
- Fujitsu
- Fulcrum Biometrics
- NEC
- Precise Biometrics
- Safran
- Secunet Security Networks
- Thales
Highlights of The Emerging Biometric Technologies 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 Recognition Technologies
- Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
- Facial Recognition Technology
- Iris Recognition Technology
- Vein Recognition Technology
- Voice/Speech Recognition Technology
- Hand Geometry Technology
- Signature Recognition Technology
- By Application:
- Mobile Biometrics Market
- Payment Using Mobile Biometrics
- Banking Using Mobile Biometrics
- Physical Access Control Using Mobile Biometrics
- Law Enforcement Using Mobile Biometrics
- Disaster Response Using Mobile Biometrics
- 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 Emerging Biometric Technologies 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?
Emerging biometric technologies are those that are still in development and may not be widely available yet. They could include facial recognition technology, fingerprint scanning, and other forms of identification.
Some of the major companies in the emerging biometric technologies market are 3M Cogent, Aware, Bio-Key International, Cognitec Systems, Cross Match Technologies, Daon, Facebanx, Fujitsu, Fulcrum Biometrics, NEC, Precise Biometrics, Safran, Secunet Security Networks, Thales.
The emerging biometric technologies market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Emerging Biometric Technologies 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 Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size & Forecast, 2018-2028
4.5.1 Emerging Biometric Technologies Market Size and Y-o-Y Growth
4.5.2 Emerging Biometric Technologies Market Absolute $ Opportunity
Chapter 5 Global Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size Forecast by Type
5.2.1 Fingerprint Recognition Technologies
5.2.2 Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
5.2.3 Facial Recognition Technology
5.2.4 Iris Recognition Technology
5.2.5 Vein Recognition Technology
5.2.6 Voice/Speech Recognition Technology
5.2.7 Hand Geometry Technology
5.2.8 Signature Recognition Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size Forecast by Applications
6.2.1 Mobile Biometrics Market
6.2.2 Payment Using Mobile Biometrics
6.2.3 Banking Using Mobile Biometrics
6.2.4 Physical Access Control Using Mobile Biometrics
6.2.5 Law Enforcement Using Mobile Biometrics
6.2.6 Disaster Response Using Mobile Biometrics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Emerging Biometric Technologies 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 Emerging Biometric Technologies 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 Emerging Biometric Technologies Analysis and Forecast
9.1 Introduction
9.2 North America Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size Forecast by Type
9.6.1 Fingerprint Recognition Technologies
9.6.2 Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
9.6.3 Facial Recognition Technology
9.6.4 Iris Recognition Technology
9.6.5 Vein Recognition Technology
9.6.6 Voice/Speech Recognition Technology
9.6.7 Hand Geometry Technology
9.6.8 Signature Recognition Technology
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 Emerging Biometric Technologies Market Size Forecast by Applications
9.10.1 Mobile Biometrics Market
9.10.2 Payment Using Mobile Biometrics
9.10.3 Banking Using Mobile Biometrics
9.10.4 Physical Access Control Using Mobile Biometrics
9.10.5 Law Enforcement Using Mobile Biometrics
9.10.6 Disaster Response Using Mobile Biometrics
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 Emerging Biometric Technologies Analysis and Forecast
10.1 Introduction
10.2 Europe Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size Forecast by Type
10.6.1 Fingerprint Recognition Technologies
10.6.2 Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
10.6.3 Facial Recognition Technology
10.6.4 Iris Recognition Technology
10.6.5 Vein Recognition Technology
10.6.6 Voice/Speech Recognition Technology
10.6.7 Hand Geometry Technology
10.6.8 Signature Recognition Technology
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 Emerging Biometric Technologies Market Size Forecast by Applications
10.10.1 Mobile Biometrics Market
10.10.2 Payment Using Mobile Biometrics
10.10.3 Banking Using Mobile Biometrics
10.10.4 Physical Access Control Using Mobile Biometrics
10.10.5 Law Enforcement Using Mobile Biometrics
10.10.6 Disaster Response Using Mobile Biometrics
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 Emerging Biometric Technologies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size Forecast by Type
11.6.1 Fingerprint Recognition Technologies
11.6.2 Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
11.6.3 Facial Recognition Technology
11.6.4 Iris Recognition Technology
11.6.5 Vein Recognition Technology
11.6.6 Voice/Speech Recognition Technology
11.6.7 Hand Geometry Technology
11.6.8 Signature Recognition Technology
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 Emerging Biometric Technologies Market Size Forecast by Applications
11.10.1 Mobile Biometrics Market
11.10.2 Payment Using Mobile Biometrics
11.10.3 Banking Using Mobile Biometrics
11.10.4 Physical Access Control Using Mobile Biometrics
11.10.5 Law Enforcement Using Mobile Biometrics
11.10.6 Disaster Response Using Mobile Biometrics
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 Emerging Biometric Technologies Analysis and Forecast
12.1 Introduction
12.2 Latin America Emerging Biometric Technologies 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 Emerging Biometric Technologies Market Size Forecast by Type
12.6.1 Fingerprint Recognition Technologies
12.6.2 Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
12.6.3 Facial Recognition Technology
12.6.4 Iris Recognition Technology
12.6.5 Vein Recognition Technology
12.6.6 Voice/Speech Recognition Technology
12.6.7 Hand Geometry Technology
12.6.8 Signature Recognition Technology
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 Emerging Biometric Technologies Market Size Forecast by Applications
12.10.1 Mobile Biometrics Market
12.10.2 Payment Using Mobile Biometrics
12.10.3 Banking Using Mobile Biometrics
12.10.4 Physical Access Control Using Mobile Biometrics
12.10.5 Law Enforcement Using Mobile Biometrics
12.10.6 Disaster Response Using Mobile Biometrics
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) Emerging Biometric Technologies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Emerging Biometric Technologies 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) Emerging Biometric Technologies Market Size Forecast by Type
13.6.1 Fingerprint Recognition Technologies
13.6.2 Automated Fingerprint Identification System (Afis)/Live-Scan Technologies
13.6.3 Facial Recognition Technology
13.6.4 Iris Recognition Technology
13.6.5 Vein Recognition Technology
13.6.6 Voice/Speech Recognition Technology
13.6.7 Hand Geometry Technology
13.6.8 Signature Recognition Technology
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) Emerging Biometric Technologies Market Size Forecast by Applications
13.10.1 Mobile Biometrics Market
13.10.2 Payment Using Mobile Biometrics
13.10.3 Banking Using Mobile Biometrics
13.10.4 Physical Access Control Using Mobile Biometrics
13.10.5 Law Enforcement Using Mobile Biometrics
13.10.6 Disaster Response Using Mobile Biometrics
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 Emerging Biometric Technologies Market: Competitive Dashboard
14.2 Global Emerging Biometric Technologies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Cogent
14.3.2 Aware
14.3.3 Bio-Key International
14.3.4 Cognitec Systems
14.3.5 Cross Match Technologies
14.3.6 Daon
14.3.7 Facebanx
14.3.8 Fujitsu
14.3.9 Fulcrum Biometrics
14.3.10 NEC
14.3.11 Precise Biometrics
14.3.12 Safran
14.3.13 Secunet Security Networks
14.3.14 Thales
