Biometrics Market Chain Information, Upstream Raw Materials & Downstream Industry

Biometrics Market

The global biometrics market size reached USD 43.54 Billion in 2021 and is expected to register a revenue CAGR of 14.8% during the forecast period, according to latest analysis by Emergen Research. Increasing need for more convenient and fast authentication mode and increasing need for easy-to-operate and user-friendly security systems are some key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for high level of security in banking and finance and defense sectors is expected to continue to drive revenue growth of market going ahead.

Biometrics provides increased levels of security to providers whether a person is real by verifying identity using several methods such as face recognition, voice recognition, signature recognition, iris recognition, fingerprint recognition, and hand geometry recognition, among others. Biometric authentication road-blocks for fraudsters, allowing only authorized user access. In addition, increasing need for minimizing data breaches and reducing chances of cyber-attacks is expected to boost demand for biometric systems. Furthermore, increasing need for biometric systems to deliver highest level of accuracy, security, and efficiency in various processes such as access control, customer onboarding, fraud prevention, loss prevention, time and attendance, forensic investigation, background checks, border security, and government benefit provision are some other key factors expected to drive market revenue growth during the forecast period.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Biometrics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Leidos Holdings, Inc., Gemalto N.V. (3M Cogent), NEC Corporation, Fujitsu Ltd., ImageWare Systems, Inc., BioEngagable Technologies Pvt. Ltd, Mobbeel Solutions, S.L.L., M2SYS Technology – KernellÓ Inc., SIC Biometrics, Precise Biometrics, BioID AG, IriTech, Inc., IDEMIA France SAS, Aware, Inc., and Fulcrum Biometrics, LLC

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Emergen Research has segmented the global Biometrics market on the basis of type, application, end-use, and region:

Emergen Research has segmented global biometrics market on the basis of authentication type, component, functionality, technology, application, end-use, and region:

  • Authentication Type Outlook (Revenue, USD Billion; 2019–2030)
    • Single-Factor Authentication
    • Multi-Factor Authentication
  • Component Outlook (Revenue, USD Billion; 2019–2030)
    • Hardware
    • Software
  • Functionality Outlook (Revenue, USD Billion; 2019–2030)
    • Contact Based
    • Non-Contact Based
    • Combined
  • Technology Outlook (Revenue, USD Billion; 2019–2030)
    • Face Recognition
    • Voice Recognition
    • Signature Recognition
    • IRIS Recognition
    • Fingerprint Recognition
    • Hand Geometry Recognition
    • Others
  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • Site Access Control
    • Time Recording
    • Mobile Application
    • Workplace
    • Others
  • End-use Outlook (Revenue, USD Billion; 2019–2030)
    • Banking, Financial Services, and Insurance (BFSI)
    • Government and Defense Services
    • Consumer Electronics
    • Healthcare
    • Commercial Safety and Security
    • Transport/Logistics
    • Retail and E-commerce
    • IT and Telecommunication
    • Others

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

  • Analysis and estimation of the Biometrics Market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Biometrics Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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