Biometrics Technology Market

Biometrics allows a person to be identified based on physical characteristics that can be used to identify individuals. For example fingerprint mapping, facial recognition, retina scans. Biometrics identifiers include unique ways, for individual identification such as DNA, fingerprints, voice for authentication purposes.  Moreover, biometrics data can be used to access information in devices like smartphones.

Market Dynamics:

The adoption of biometric technology is majorly get attributed due to the increasing adoption of biometrics-based authentication devices, by many end use industries such as healthcare, BFSI, commercial, and the government. For instance, the Government General Hospital (GGH), in Andhra Pradesh, India, has adopted RFID Technology, for preventing the kidnapping. The state government has started using an RFID tagging system, in this the mother, and child will be equipped with a tracking tag, and furthermore, this initiative will help to reduce the number of child-lifting from the hospital.   

In addition, rising incidences of identity theft, is boosting the adoption of a biometrics authentication module in consume electronics devices such as mobile, tablets, are other factor boosting the adoption of biometrics technology.

However, the initial cost of biometrics technology is higher as compared to their alternatives, which is expected to hamper the growth of the biometric technology market, over the forecast period. 

Key features of the study:

• This report provides an in-depth analysis of the global biometric technology market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players.
• It profiles leading players in the global biometrics technology market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans.
• Companies covered as part of this study include Accu-Time Systems, Inc., Daon, Inc., BIO-Key International, Inc., IrisGuard, Inc., Fujitsu Limited, Lumidigm, Inc., IDTECK, Suprema, Inc., 3M Cogent, Inc., RCG Holdings, Ltd., and NEC Corporation.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics.
• The global biometric technology market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biometric technology market.

Detailed Segmentation

• Global Biometrics Technology Market, By Component:
  • Face
  • Hand geometry
  • Voice
  • Signature
  • Iris
  • AFIS
  • Non-AFIS
  • Others
• Global Biometrics Technology Market, By End User:
  • Government
  • Defense Services
  • Banking and Finance
  • Consumer Electronics
  • Healthcare
  • Home Safety and Security
  • Transport / Visa / Logistics
  • Others (Retail, hospitality, gaming and automobile)
• Global Biometrics Technology Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • By Country/Region:
      • GCC Countries
      • South Africa
      • Rest of Middle East and Africa
• Company Profiles
  • Accu-Time Systems, Inc*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/ Updates
  • Daon, Inc.
  • BIO-Key International, Inc.
  • IrisGuard, Inc.
  • Fujitsu Limited
  • Lumidigm, Inc.
  • IDTECK, Suprema, Inc.
  • 3M Cogent, Inc.
  • RCG Holdings, Ltd.
  • NEC Corporation

*Browse all the market data tables and figures on “Global Biometric Technology Market- Forecast to 2030”