
Global Biometric System Market Size study & Forecast, by Authentication Type (Multi-factor Authentication and Single Factor Authentication), by Contact Type (Contact-Based System, Contact Less System, and Hybrid), by Technology (Face Recognition, Iris Rec
Description
Global Biometric System Market Size study & Forecast, by Authentication Type (Multi-factor Authentication and Single Factor Authentication), by Contact Type (Contact-Based System, Contact Less System, and Hybrid), by Technology (Face Recognition, Iris Recognition, Voice Recognition, Vein Recognition, Fingerprint Recognition, and Others), by Mobility (Fixed and Portable), by End-user (BFSI, Military & Defense, Consumer Electronics, Travel & Transport, Commercial, Smart Home, Government & Public, and Others) and Regional Analysis, 2023-2030
Global Biometric System Market is valued at approximately USD 30.77 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.9% over the forecast period 2023-2030. A biometric system is a digital technique of verification in which human personal features are utilised to verify or validate a person's identity. To authenticate the system, this technology analyses people’s unique biometric traits such as fingerprints, faces, iris, voice, and vain patterns. These features immediately identify or validate the individual. Biometric scanning offers an extra layer of protection to system authentication. The key factor driving the growth of the biometric system market is the increased usage of biometric technology in consumer electronics for identification and authentication applications. The increased attention of governments on avoiding bogus beneficiary entries and improving governance through biometrics accelerates the market growth. Additionally, the growing popularity of biometric technology in automotive applications to improve safety and security and increase in crime incidences has a further impact on the industry.
Moreover, the biometric system is widely used in consumer electronics for identification and authentication applications. Thus, the growing consumer electronic industry is anticipated to support the market growth. According to Statista, in 2019, the consumer electronics market was valued USD 951.91 billion; in 2022 the market reached USD 987.16 billion and it is anticipated to reach USD 1052.96 billion by 2025. Additionally, the increasing usage of multi-factor authentication in the BFSI, automotive, and consumer electronics industries, is presenting attractive opportunities throughout the projection period. However, heavy initial investment of Biometric Devices stifling market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Biometric System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to increased demand for biometric system solutions in the information and technology industries. Also, rising adoption of biometric software systems for tracking staff attendance, identification validation, or authentication have been deployed in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to an increased usage of technology in many industries including automotive, healthcare, smart homes, and others are projected to contribute to market revenue growth. Furthermore, the Indian government has approved the deployment of the Automated Facial Recognition System (AFRS) across the country by early 2021, which allows the extraction of facial biometrics from CCTV and video and matching them with individual pictures from the National Crime Records Bureau, which is overseen by the Minister of State for Home Affairs.
Major market player included in this report are:
HID Global Corporation
Bio Key International Inc.
NEC Corporation
Thales Group
Fulcrum Biometric Inc.
Nuance Communication Inc.
Precise Biometric
Qualcomm Technology Inc.
DERMALOG Identification Systems GmbH
Daon Inc.
Recent Developments in the Market:
In September 2022 - Daon Inc., a biometric solutions provider, made its biometric identity access management solution ""Identity X"" accessible on the Genesys AppFoundry platform. Customers of Genesys Cloud X benefit from increased security by integrating Identity X with the Genesys Platform.
In January 2022, Precision Biometrics, a biometric software and service provider, teamed with Infineon Technology. Precision Biometrics employs the Infineon biometry fingerprint algorithm in their Precise Bio Match product as a result of this collaboration. This method allows for autonomous driver seat adjustment in autos.
Global Biometric System Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Authentication Type, Contact Type, Technology, Mobility, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Authentication Type:
Multi-factor Authentication
Single Factor Authentication
By Contact Type:
Contact-Based System
Contact Less System
Hybrid
By Technology:
Face Recognition
Iris Recognition
Voice Recognition
Vein Recognition
Fingerprint Recognition
Others
By Mobility:
Fixed
Portable
By End-user:
BFSI
Military & Defense
Consumer Electronics
Travel & Transport
Commercial
Smart Home
Government & Public
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
HID Global Corporation
Bio Key International Inc.
NEC Corporation
Thales Group
Fulcrum Biometric Inc.
Nuance Communication Inc.
Precise Biometric
Qualcomm Technology Inc.
DERMALOG Identification Systems GmbH
Daon Inc.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
200 Pages
- Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Biometric System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Biometric System Market, by Authentication Type, 2020-2030 (USD Billion)
- 1.2.3. Biometric System Market, by Contact Type, 2020-2030 (USD Billion)
- 1.2.4. Biometric System Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. Biometric System Market, by Mobility, 2020-2030 (USD Billion)
- 1.2.6. Biometric System Market, by End User, 2020-2030 (USD Billion
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
- Chapter 2. Global Biometric System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
- Chapter 3. Global Biometric System Market Dynamics
- 3.1. Biometric System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing usage of biometric technology in consumer electronics
- 3.1.1.2. Growing popularity of biometric technology in automotive applications
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Biometric System
- 3.1.2.2. Heavy initial investment
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing usage of multi-factor authentication in the BFSI
- 3.1.3.2. Automotive and consumer electronics industries
- Chapter 4. Global Biometric System Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter’s 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
- Chapter 5. Global Biometric System Market, by Authentication Type
- 5.1. Market Snapshot
- 5.2. Global Biometric System Market by Authentication Type, Performance - Potential Analysis
- 5.3. Global Biometric System Market Estimates & Forecasts by Authentication Type 2020-2030 (USD Billion)
- 5.4. Biometric System Market, Sub Segment Analysis
- 5.4.1. Multi-factor Authentication
- 5.4.2. Single Factor Authentication
- Chapter 6. Global Biometric System Market, by Contact Type
- 6.1. Market Snapshot
- 6.2. Global Biometric System Market by Contact Type, Performance - Potential Analysis
- 6.3. Global Biometric System Market Estimates & Forecasts by Contact Type 2020-2030 (USD Billion)
- 6.4. Biometric System Market, Sub Segment Analysis
- 6.4.1. Contact-Based System
- 6.4.2. Contact Less System
- 6.4.3. Hybrid
- Chapter 7. Global Biometric System Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Biometric System Market by Technology, Performance - Potential Analysis
- 7.3. Global Biometric System Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 7.4. Biometric System Market, Sub Segment Analysis
- 7.4.1. Face Recognition
- 7.4.2. Iris Recognition
- 7.4.3. Voice Recognition
- 7.4.4. Vein Recognition
- 7.4.5. Fingerprint Recognition
- 7.4.6. Others
- Chapter 8. Global Biometric System Market, by Mobility
- 8.1. Market Snapshot
- 8.2. Global Biometric System Market by Mobility, Performance - Potential Analysis
- 8.3. Global Biometric System Market Estimates & Forecasts by Mobility 2020-2030 (USD Billion)
- 8.4. Biometric System Market, Sub Segment Analysis
- 8.4.1. Fixed
- 8.4.2. Portable
- Chapter 9. Global Biometric System Market, by Mobility
- 9.1. Market Snapshot
- 9.2. Global Biometric System Market by Mobility, Performance - Potential Analysis
- 9.3. Global Biometric System Market Estimates & Forecasts by Mobility 2020-2030 (USD Billion)
- 9.4. Biometric System Market, Sub Segment Analysis
- 9.4.1. BFSI
- 9.4.2. Military & Defense
- 9.4.3. Consumer Electronics
- 9.4.4. Travel & Transport
- 9.4.5. Commercial
- 9.4.6. Smart Home
- 9.4.7. Government & Public
- 9.4.8. Others
- Chapter 10. Global Biometric System Market, Regional Analysis
- 10.1. Top Leading Countries
- 10.2. Top Emerging Countries
- 10.3. Biometric System Market, Regional Market Snapshot
- 10.4. North America Biometric System Market
- 10.4.1. U.S. Biometric System Market
- 10.4.1.1. Authentication Type breakdown estimates & forecasts, 2020-2030
- 10.4.1.2. Contact Type breakdown estimates & forecasts, 2020-2030
- 10.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
- 10.4.1.4. Mobility breakdown estimates & forecasts, 2020-2030
- 10.4.1.5. End User breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada Biometric System Market
- 10.5. Europe Biometric System Market Snapshot
- 10.5.1. U.K. Biometric System Market
- 10.5.2. Germany Biometric System Market
- 10.5.3. France Biometric System Market
- 10.5.4. Spain Biometric System Market
- 10.5.5. Italy Biometric System Market
- 10.5.6. Rest of Europe Biometric System Market
- 10.6. Asia-Pacific Biometric System Market Snapshot
- 10.6.1. China Biometric System Market
- 10.6.2. India Biometric System Market
- 10.6.3. Japan Biometric System Market
- 10.6.4. Australia Biometric System Market
- 10.6.5. South Korea Biometric System Market
- 10.6.6. Rest of Asia Pacific Biometric System Market
- 10.7. Latin America Biometric System Market Snapshot
- 10.7.1. Brazil Biometric System Market
- 10.7.2. Mexico Biometric System Market
- 10.8. Middle East & Africa Biometric System Market
- 10.8.1. Saudi Arabia Biometric System Market
- 10.8.2. South Africa Biometric System Market
- 10.8.3. Rest of Middle East & Africa Biometric System Market
- Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. HID Global Corporation
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Recent Developments
- 11.3.2. Bio Key International Inc.
- 11.3.3. NEC Corporation
- 11.3.4. Thales Group
- 11.3.5. Fulcrum Biometric Inc.
- 11.3.6. Nuance Communication Inc.
- 11.3.7. Precise Biometric
- 11.3.8. Qualcomm Technology Inc.
- 11.3.9. DERMALOG Identification Systems GmbH
- 11.3.10. Daon Inc.
- Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
- List of Tables
- TABLE 1. Global Biometric System Market, report scope
- TABLE 2. Global Biometric System Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Biometric System Market estimates & forecasts by Authentication Type 2020-2030 (USD Billion)
- TABLE 4. Global Biometric System Market estimates & forecasts by Contact Type 2020-2030 (USD Billion)
- TABLE 5. Global Biometric System Market estimates & forecasts by Technology 2020-2030 (USD Billion)
- TABLE 6. Global Biometric System Market estimates & forecasts by Mobility 2020-2030 (USD Billion)
- TABLE 7. Global Biometric System Market estimates & forecasts by End User 2020-2030 (USD Billion)
- TABLE 8. Global Biometric System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Biometric System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Biometric System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Biometric System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Biometric System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Biometric System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14. Global Biometric System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15. Global Biometric System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16. Global Biometric System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 17. Global Biometric System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 18. U.S. Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 19. U.S. Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20. U.S. Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 21. Canada Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 22. Canada Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23. Canada Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 24. UK Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 25. UK Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26. UK Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 27. Germany Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 28. Germany Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29. Germany Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 30. France Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 31. France Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32. France Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 33. Italy Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 34. Italy Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35. Italy Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 36. Spain Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 37. Spain Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38. Spain Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 39. RoE Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 40. RoE Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41. RoE Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 42. China Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 43. China Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44. China Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 45. India Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 46. India Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47. India Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 48. Japan Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 49. Japan Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50. Japan Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 51. South Korea Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 52. South Korea Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53. South Korea Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 54. Australia Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 55. Australia Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56. Australia Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 57. RoAPAC Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 58. RoAPAC Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59. RoAPAC Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 60. Brazil Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 61. Brazil Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62. Brazil Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 63. Mexico Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 64. Mexico Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65. Mexico Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 66. RoLA Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 67. RoLA Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68. RoLA Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 69. Saudi Arabia Biometric System Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 70. South Africa Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 71. RoMEA Biometric System Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 72. List of secondary sources, used in the study of global Biometric System Market
- TABLE 73. List of primary sources, used in the study of global Biometric System Market
- TABLE 74. Years considered for the study
- TABLE 75. Exchange rates considered
- List of tables and figures are dummy in nature, final lists may vary in the final deliverable
- List of figures
- FIGURE 1. Global Biometric System Market, research methodology
- FIGURE 2. Global Biometric System Market, Market estimation techniques
- FIGURE 3. Global Market size estimates & forecast methods
- FIGURE 4. Global Biometric System Market, key trends 2022
- FIGURE 5. Global Biometric System Market, growth prospects 2023-2030
- FIGURE 6. Global Biometric System Market, porters 5 force model
- FIGURE 7. Global Biometric System Market, pest analysis
- FIGURE 8. Global Biometric System Market, value chain analysis
- FIGURE 9. Global Biometric System Market by segment, 2020 & 2030 (USD Billion)
- FIGURE 10. Global Biometric System Market by segment, 2020 & 2030 (USD Billion)
- FIGURE 11. Global Biometric System Market by segment, 2020 & 2030 (USD Billion)
- FIGURE 12. Global Biometric System Market by segment, 2020 & 2030 (USD Billion)
- FIGURE 13. Global Biometric System Market by segment, 2020 & 2030 (USD Billion)
- FIGURE 14. Global Biometric System Market, regional snapshot 2020 & 2030
- FIGURE 15. North America Biometric System Market 2020 & 2030 (USD Billion)
- FIGURE 16. Europe Biometric System Market 2020 & 2030 (USD Billion)
- FIGURE 17. Asia pacific Biometric System Market 2020 & 2030 (USD Billion)
- FIGURE 18. Latin America Biometric System Market 2020 & 2030 (USD Billion)
- FIGURE 19. Middle East & Africa Biometric System Market 2020 & 2030 (USD Billion)
- List of tables and figures are dummy in nature, final lists may vary in the final deliverable
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