Global Biometrics Market By Type (Fingerprint Recognition, Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition, Vein Scanner, and Others), By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022
Global biometrics market stood at $ 12.84 billion in 2016, and is projected to reach $ 29.41 billion by the end of 2022, on the back of rising adoption of biometric tools across banking & finance, consumer electronics, travel, government, defense, healthcare and other sectors. Moreover, growing government initiatives such as e-passports and introduction of other e-government processes, increasing demand for advanced security systems against crimes, frauds, terrorist activities, hackings, etc., are some of the other major factors expected to drive biometrics market on a global level during the next five years.
According to “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022”, biometrics market is anticipated to grow at a CAGR of 14.76% till 2022. Increasing deployment of biometric technology with growth in the IoT industry is anticipated to positively influence the global biometrics market during forecast period. 3M Cogent, Morpho, NEC, Fujitsu, HID Global, Suprema, Precise Biometrics, IrisGuard, Smartmatic, Cross Match, SecuGen, Nuance Communication, RCG Holdings, Hitachi, ZK Technology, etc. are some of the leading player in biometrics market across the world, who captured the maximum market. “Global Biometrics Market By Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2012 – 2022” discusses the following aspects of biometrics market across the globe:
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