Biometric Authentication & Identification Market Growth, Global Foresight, Demand and Upcoming Trends 2027

Biometric Authentication & Identification Market Information By Modality (Market statistics, Multimodal biometric)


Global Biometric Authentication Identification Market - Overview

biometrics authentication and identification market is being adopted by almost all applications, including government, healthcare, enterprises, banking and financial institutions, consumer electronics, and retail and commercial verticals, as the global population becomes more concerned about security and safety.

The global biometrics market is changing away from fixed biometrics devices and toward mobile biometrics devices, as well as the trend of touch-less biometrics. Humans' physiological and behavioral characteristics are captured via biometric equipment. Biometrics devices would include, among other things, fingerprint scanners, facial recognition devices, vein pattern scanners, iris and retina scanners, voice modulation devices, and multimodal devices. The market is being driven by the integration of biometrics devices in wearable items and the emergence of portable biometrics devices.

In the future, the Biometric Authentication Identification Market has a lot of promise. Healthcare, retail and commerce, banking and financial institutions, consumer electronics, and many other industries are expected to be shaken by the impending wave of biometrics devices. Expensive products, privacy concerns, and acceptance of technology upgrades were just a few of the issues that these devices had to deal with.

Global Biometric Authentication Identification Market - Competitive Analysis

Biometric equipment and applications have made their mark in government agencies, commercial businesses, and institutional settings all around the world. In many developed and emerging countries, it has become the principal technique of civil identification. Biometrics is widely employed in both physical and logical access control in high-security environments. Biometrics are used in high-security military areas, nuclear reactors, and weapon research centers, among other places, to protect the site and keep attackers out. It's also utilized at the border, where the identity of those seeking entry into a country is checked against records, and unknown people are detected using automatic biometric recognition. Biometric devices and applications seem to taking over the world by storm, however, in terms of market penetration, they are still their infancy.

Key Players:

Safran SA (France), NEC Corporation (Japan), Fujitsu Ltd. (Japan), BIO-Key International, Inc. (U.S.), Precise Biometrics AB (Sweden), Secunet Security Networks AG (Germany), Thales SA (France), Aware, Inc. (U.S.), Cognitec Systems GmbH (Germany), Cross Match Technologies (U.S.), Fulcrum Biometrics, LLC (U.S.), Daon, Inc. (U.S.), Facebanx (U.K.), and 3M Cogent, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobile Security Market.

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Global Biometric Authentication Identification Market - Segmentation

The Biometric Authentication Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by authentication type: Comprises Single Factor Authentication (Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Vein Recognition, Signature Recognition), Multi-Factor Authentication (Biometrics combined with Smart Card Technology, Biometrics combined with Pin Technology)

Segmentation by Motility: Comprises Fixed and Mobile

Segmentation by component: Comprises hardware (Fingerprint readers, Scanners, Camera)

Segmentation by Application : Comprises Enterprise, Banking and financial institutions, Government, Healthcare, Consumer electronics and Retail and commerce among others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Global Biometric Authentication Identification Market - Regional Analysis

North America lead the market for global biometric authentication identification in 2016, followed by Europe and Asia Pacific. The North America has made considerable investments in setting up biometrics-based security solutions at its borders and airports through its customs and border protection (CBP), a government agency to monitor the influx of immigrants and tourists. All these developments have led to the growth of the biometric system market in North America.

Asia Pacific is adapting biometric systems at a very rapid speed. Ongoing government projects which include issuance of e-passports visas, and unique identification cards under the Aadhar System (in INDIA), have played a major role in boosting demand for biometric systems in Asia Pacific. Growing digitization in the government sector is expected to further propel use of biometric technology in the country over the next five years

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