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North America Next-Gen Biometric Authentication Market Size, Share & Trends Analysis Report By Component (Software and Services), By Authentication Type, By Technology, By End User, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Dec 06, 2024
Length 150 Pages
SKU # KBV19422025

Description

North America Next-Gen Biometric Authentication Market Size, Share & Trends Analysis Report By Component (Software and Services), By Authentication Type, By Technology, By End User, By Country and Growth Forecast, 2024 - 2031


The North America Next-Gen Biometric Authentication Market would witness market growth of 20.1% CAGR during the forecast period (2024-2031).

The US market dominated the North America Next-Gen Biometric Authentication Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $45,488.9 million by 2031. The Canada market is experiencing a CAGR of 22.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 21.7% during (2024 - 2031).

Biometric authentication, a rapidly evolving technology, plays a crucial role in modern security systems by verifying identities based on unique biological characteristics. Next-generation biometric authentication (NGBA) encompasses advanced modalities and innovative applications that enhance security and user convenience across various sectors.

The financial sector is central to adopting NGBA to combat fraud and ensure secure transactions. Biometric technologies such as fingerprint scanning, facial recognition, and voice authentication provide multi-factor authentication for online banking, mobile payments, and ATM access. Biometric authentication enhances customer experience by simplifying login processes and reducing the reliance on traditional passwords.

Biometric authentication is increasingly seen as essential for safeguarding high-security environments, such as military bases and aerospace research centers. The rising investments in aerospace technologies and the need for highly secure identification systems are expected to create substantial opportunities for biometric authentication solutions. As these industries adopt more sophisticated technologies, there will be a growing demand for next-generation biometric systems, contributing to the market’s growth in Canada and the broader defense and aerospace sectors. Thus, the combined impact of rising vehicle theft in the U.S. and growing investments in Canada's defense and aerospace sectors will likely fuel the expansion of the next-gen biometric authentication market.

Based on Component, the market is segmented into Software and Services. Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor Authentication. Based on Technology, the market is segmented into Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Palm Vein Recognition, Signature Recognition, and Other Technology. Based on End User, the market is segmented into Government, BFSI, Travel & Immigration, Home Security, Healthcare, Defense, and Other End Users. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Fujitsu Limited
  • Thales Group S.A.
  • HID Global Corporation
  • NEC Corporation
  • Aware, Inc.
  • Fingerprint Cards AB
  • IDEMIA SAS
  • M2SYS Technology, Inc.
  • CardLogix Corporation
  • Touchless Biometric Systems AG
North America Next-Gen Biometric Authentication Market Report Segmentation

By Component
  • Software
  • Services
By Authentication Type
  • Single-factor Authentication
  • Multi-factor Authentication
By Technology
  • Fingerprint Recognition
  • Facial Recognition
  • Iris Recognition
  • Voice Recognition
  • Palm Vein Recognition
  • Signature Recognition
  • Other Technology
By End User
  • Government
  • BFSI
  • Travel & Immigration
  • Home Security
  • Healthcare
  • Defense
  • Other End Users
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

150 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Next-Gen Biometric Authentication Market, by Component
1.4.2 North America Next-Gen Biometric Authentication Market, by Authentication Type
1.4.3 North America Next-Gen Biometric Authentication Market, by Technology
1.4.4 North America Next-Gen Biometric Authentication Market, by End User
1.4.5 North America Next-Gen Biometric Authentication Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, Apr – 2024, Jul) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Next-Gen Biometric Authentication Market by Component
5.1 North America Software Market by Region
5.2 North America Services Market by Region
Chapter 6. North America Next-Gen Biometric Authentication Market by Authentication Type
6.1 North America Single-factor Authentication Market by Country
6.2 North America Multi-factor Authentication Market by Country
Chapter 7. North America Next-Gen Biometric Authentication Market by Technology
7.1 North America Fingerprint Recognition Market by Country
7.2 North America Facial Recognition Market by Country
7.3 North America Iris Recognition Market by Country
7.4 North America Voice Recognition Market by Country
7.5 North America Palm Vein Recognition Market by Country
7.6 North America Signature Recognition Market by Country
7.7 North America Other Technology Market by Country
Chapter 8. North America Next-Gen Biometric Authentication Market by End User
8.1 North America Government Market by Country
8.2 North America BFSI Market by Country
8.3 North America Travel & Immigration Market by Country
8.4 North America Home Security Market by Country
8.5 North America Healthcare Market by Country
8.6 North America Defense Market by Country
8.7 North America Other End Users Market by Country
Chapter 9. North America Next-Gen Biometric Authentication Market by Country
9.1 US Next-Gen Biometric Authentication Market
9.1.1 US Next-Gen Biometric Authentication Market by Component
9.1.2 US Next-Gen Biometric Authentication Market by Authentication Type
9.1.3 US Next-Gen Biometric Authentication Market by Technology
9.1.4 US Next-Gen Biometric Authentication Market by End User
9.2 Canada Next-Gen Biometric Authentication Market
9.2.1 Canada Next-Gen Biometric Authentication Market by Component
9.2.2 Canada Next-Gen Biometric Authentication Market by Authentication Type
9.2.3 Canada Next-Gen Biometric Authentication Market by Technology
9.2.4 Canada Next-Gen Biometric Authentication Market by End User
9.3 Mexico Next-Gen Biometric Authentication Market
9.3.1 Mexico Next-Gen Biometric Authentication Market by Component
9.3.2 Mexico Next-Gen Biometric Authentication Market by Authentication Type
9.3.3 Mexico Next-Gen Biometric Authentication Market by Technology
9.3.4 Mexico Next-Gen Biometric Authentication Market by End User
9.4 Rest of North America Next-Gen Biometric Authentication Market
9.4.1 Rest of North America Next-Gen Biometric Authentication Market by Component
9.4.2 Rest of North America Next-Gen Biometric Authentication Market by Authentication Type
9.4.3 Rest of North America Next-Gen Biometric Authentication Market by Technology
9.4.4 Rest of North America Next-Gen Biometric Authentication Market by End User
Chapter 10. Company Profiles
10.1 Fujitsu Limited
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Thales Group S.A.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 HID Global Corporation (Assa Abloy AB)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.6 SWOT Analysis
10.4 NEC Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.5.2 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Aware, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Fingerprint Cards AB
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Partnerships, Collaborations, and Agreements:
10.6.4.2 Product Launches and Product Expansions:
10.6.5 SWOT Analysis
10.7 IDEMIA SAS (Advent International, Inc.)
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Partnerships, Collaborations, and Agreements:
10.7.2.2 Product Launches and Product Expansions:
10.7.3 SWOT Analysis
10.8 M2SYS Technology, Inc.
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 CardLogix Corporation
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Touchless Biometric Systems AG
10.10.1 Company Overview
10.10.2 SWOT Analysis

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