Global Biometrics Market 2020-2024
Technavio has been monitoring the biometrics market and it is poised to grow by $ 18.10 bn during 2020-2024 progressing at a CAGR of 10% during the forecast period. Our reports on the biometrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing need for surveillance and security and increasing government initiatives for implementing biometrics.
The biometrics market analysis includes end-user segment and geographical landscape.
Technavio's biometrics market is segmented as below:
By Geography landscapes
- North America
- South America
This study identifies the rise in deployments of biometrics in various end-user industries as one of the prime reasons driving the biometrics market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our biometrics market covers the following areas:
- Biometrics market sizing
- Biometrics market forecast
- Biometrics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biometrics market vendors that include ASSA ABLOY AB, Aware Inc., Cognitec Systems GmbH, Fujitsu Ltd., IDEMIA France SAS, M2SYS Technology, NEC Corp., Qualcomm Inc., secunet Security Networks AG, and Thales Group. Also, the biometrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.