Market Overview:
The global multimodal biometric system market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The increasing demand for multimodal biometric systems from various application segments such as government, banking and finance, travel and migration, criminal justice, and others is driving the growth of the global multimodal biometric system market. The increasing use of multimodal biometric systems for security purposes in airports, seaports, railway stations, and other transportation hubs is also fueling the growth of the global multimodal biometric system market. Additionally, rising adoption of cloud-based solutions for storing and managing data is also contributing to the growth of the global multimodal biometric system market.
Product Definition:
A multimodal biometric system is a system that uses two or more biometric modalities to identify an individual. Multimodal systems are often more accurate than unimodal systems, and they are also more secure, because they can use multiple sources of information to verify an individual's identity. Multimodal biometric systems are becoming increasingly common, as companies and governments seek to improve the accuracy and security of their identification procedures.
Single Finger:
Single Finger biometrics is a technology based on the principle of one finger biometric. It is used for verification purpose in multimodal biometric systems. The technology provides high accuracy and security as compared to other traditional techniques such as password or pin code.
Increasing demand for secure authentication across government, private sector, educational institutes has led to rise in adoption of single-finger biometrics over the past few years.
Multi Finger:
Multi-Fingerprint or Multi-Modal biometrics is a combination of fingerprint and face recognition technologies. It provides additional security to users as compared to traditional techniques like password or pin code. The technology helps in identification based on multiple attributes of an individual such as iris, signature, hand geometry and facial features among others.
Application Insights:
The government application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The increasing use of biometric systems for identity management, border control, and law enforcement is expected to drive its demand over the coming years.
Multimodal biometric systems are widely used in various other applications such as banking and finance, travel & migration, criminal justice system, education sector among others. Increasing digitalization across all these sectors has led to an increased demand for authentication solutions including smart cards with integrated circuits that contain a fingerprint reader along with a signature pad and cardholder data interface. This will help reduce costs while improving security measures leading to increased adoption of multimodal biometric systems across various applications worldwide.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. This growth can be attributed to various factors such as increasing government initiatives, rising need for security and safety of its citizens, and growing adoption of biometric systems across various sectors. The Indian government has undertaken several initiatives such as National Biometric Programme (NBP), which aims at creating a robust biometric infrastructure across the country for effective implementation of multimodal biometric systems.
Furthermore, increasing terrorist activities have led governments around the world to adopt these technologies in order to safeguard their nations from cross-border attacks by militants or criminal organizations. In addition, growing concerns regarding national security are driving countries like China and India toward adopting these advanced technologies that would help them keep track of criminals or illegal immigrants within their borders with greater ease & efficiency than ever before possible using traditional methods only.
North America region accounted for over 20% revenue share in 2016 owing to high demand from U.
Growth Factors:
- Increasing demand for multimodal biometric authentication from government and private sector organizations for secure authentication.
- The increasing use of multimodal biometric systems in smartphones and other portable devices to provide security against identity theft and fraud.
- The rising demand for multimodal biometric systems from the healthcare sector to identify patients and track their medical history securely.
- The increasing use of multimodal biometrics in law enforcement agencies to identify criminals and prevent crime.
- Growing demand for multimodal biometrics in banking and financial institutions to reduce fraudulent activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Multimodal biometric System Market Research Report
By Type
Single Finger, Multi Finger
By Application
Government, Banking and Finance, Travel and Migration, Criminal, Others
By Companies
Safran, Suprema, HID Global, NEC, Dermalog Identification Systems, M2SYS Technology, Northrop Grumman, Green Bit, Bio-key, ZKTeco, Safran, 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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Multimodal biometric System Market Report Segments:
The global Multimodal biometric System market is segmented on the basis of:
Types
Single Finger, Multi Finger
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
Government, Banking and Finance, Travel and Migration, Criminal, 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:
- Safran
- Suprema
- HID Global
- NEC
- Dermalog Identification Systems
- M2SYS Technology
- Northrop Grumman
- Green Bit
- Bio-key
- ZKTeco
- Safran
- Thales
Highlights of The Multimodal biometric System 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:
- Single Finger
- Multi Finger
- By Application:
- Government
- Banking and Finance
- Travel and Migration
- Criminal
- 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 Multimodal biometric System 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?
A multimodal biometric system is a set of technologies that can be used to identify and authenticate individuals. These systems can use a variety of methods, including facial recognition, fingerprinting, and hand scanning.
Some of the major companies in the multimodal biometric system market are Safran, Suprema, HID Global, NEC, Dermalog Identification Systems, M2SYS Technology, Northrop Grumman, Green Bit, Bio-key, ZKTeco, Safran, Thales.
The multimodal biometric system 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 Multimodal biometric System 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 Multimodal biometric System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multimodal biometric System 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 Multimodal biometric System 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 Multimodal biometric System Market Size & Forecast, 2018-2028
4.5.1 Multimodal biometric System Market Size and Y-o-Y Growth
4.5.2 Multimodal biometric System Market Absolute $ Opportunity
Chapter 5 Global Multimodal biometric System 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 Multimodal biometric System Market Size Forecast by Type
5.2.1 Single Finger
5.2.2 Multi Finger
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multimodal biometric System 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 Multimodal biometric System Market Size Forecast by Applications
6.2.1 Government
6.2.2 Banking and Finance
6.2.3 Travel and Migration
6.2.4 Criminal
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multimodal biometric System 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 Multimodal biometric System 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 Multimodal biometric System Analysis and Forecast
9.1 Introduction
9.2 North America Multimodal biometric System 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 Multimodal biometric System Market Size Forecast by Type
9.6.1 Single Finger
9.6.2 Multi Finger
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 Multimodal biometric System Market Size Forecast by Applications
9.10.1 Government
9.10.2 Banking and Finance
9.10.3 Travel and Migration
9.10.4 Criminal
9.10.5 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 Multimodal biometric System Analysis and Forecast
10.1 Introduction
10.2 Europe Multimodal biometric System 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 Multimodal biometric System Market Size Forecast by Type
10.6.1 Single Finger
10.6.2 Multi Finger
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 Multimodal biometric System Market Size Forecast by Applications
10.10.1 Government
10.10.2 Banking and Finance
10.10.3 Travel and Migration
10.10.4 Criminal
10.10.5 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 Multimodal biometric System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multimodal biometric System 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 Multimodal biometric System Market Size Forecast by Type
11.6.1 Single Finger
11.6.2 Multi Finger
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 Multimodal biometric System Market Size Forecast by Applications
11.10.1 Government
11.10.2 Banking and Finance
11.10.3 Travel and Migration
11.10.4 Criminal
11.10.5 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 Multimodal biometric System Analysis and Forecast
12.1 Introduction
12.2 Latin America Multimodal biometric System 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 Multimodal biometric System Market Size Forecast by Type
12.6.1 Single Finger
12.6.2 Multi Finger
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 Multimodal biometric System Market Size Forecast by Applications
12.10.1 Government
12.10.2 Banking and Finance
12.10.3 Travel and Migration
12.10.4 Criminal
12.10.5 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) Multimodal biometric System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multimodal biometric System 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) Multimodal biometric System Market Size Forecast by Type
13.6.1 Single Finger
13.6.2 Multi Finger
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) Multimodal biometric System Market Size Forecast by Applications
13.10.1 Government
13.10.2 Banking and Finance
13.10.3 Travel and Migration
13.10.4 Criminal
13.10.5 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 Multimodal biometric System Market: Competitive Dashboard
14.2 Global Multimodal biometric System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Safran
14.3.2 Suprema
14.3.3 HID Global
14.3.4 NEC
14.3.5 Dermalog Identification Systems
14.3.6 M2SYS Technology
14.3.7 Northrop Grumman
14.3.8 Green Bit
14.3.9 Bio-key
14.3.10 ZKTeco
14.3.11 Safran
14.3.12 Thales
