Global Biometrics Market 2023-2030-By Offering (Hardware (Scanners, Readers, and Access Control), Software, and Services); By Biometric Modalities (Unimodal , and Multimodal); By Contact Type (Contact, Contactless, and Hybrid); By Type of Biometrics (Fingerprints, Facial Recognition, Voice Recognition, Iris Recognition, Palm/Vein Pattern Recognition, and Others); By Application (Physical Access Control, Logical Access Control, Time and Attendance Tracking, Financial Transactions, Law Enforcement and Border Control, Smart Cards and Tokens, and Others); By End-User Industry (Banking and Finance, Healthcare, Defense & Security, Government, Transportation & Logistics, and Others); By Geography (APAC, Americas, Europe, and MEA).
Global Biometrics Market 2023-2030
DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the Biometric Systems shipment is expected to reach XX thousand units by 2030, growing at a compound annual growth rate (CAGR) of XX% during the 2023-2030 forecast period. The Global Biometrics Market was valued at XX million in 2023, driven by several factors including the rise of contactless biometrics, the integration of biometrics with AI, and the deployment of biometrics in the cloud.
The growth of biometrics technology is characterized by its pervasive adoption across diverse industries, including finance, healthcare, and education. The integration of multiple biometric modalities, such as fingerprint recognition, facial recognition, iris scanning, and voice recognition, enhances accuracy and security. Artificial intelligence (AI) and machine learning (ML) contribute significantly to the evolution of biometric systems, continually improving their performance.Moreover, biometrics plays a pivotal role in the development of smart cities and the Internet of Things (IoT), ensuring secure access to services in interconnected environments. The future of biometrics involves continuous authentication, monitoring user identity throughout a session, and a focus on ethical considerations to address privacy issues.
Global Biometrics Market Research Report Coverage (2023-2030)
| Report coverage | Details | |
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| Base year | 2023 | |
| Forecast year | 2030 | |
| Unit shipment | Thousand units | |
| Revenue | USD million | |
| By offering (Thousand units & USD million) |
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| By biometric modalities (Thousand units & USD million) |
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| By contact type (Thousand units & USD million) |
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| By type of biometrics (Thousand units & USD million) |
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| By application (Thousand units & USD million) |
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| By end-user industry (Thousand units & USD million) |
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| By geography(USD million) |
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| Market players coverage (Top 5 players market share) |
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Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Rising concerns about identity theft and fraud
- Increasing investments by government authorities in biometric systems for identity verification, border control, and law enforcement
- Key market trends
- Integration of biometrics with other technologies such as AI and IoT
- Adoption of 3D face recognition technologies
- Key market challenges
- Adherence to a complex web of regional and industry-specific regulations, including GDPR and other data protection laws
- Resistance or skepticism from users, coupled with the need for education on the benefits and security of biometric systems
- Integration of biometric technologies with existing legacy systems can be complex and costly
Key questions to be answered
1. What is the current market size of the Global Biometrics Market, and what is its growth potential over the next five years?
2. What is the unit shipment of Biometrics devices in 2023, and what does the demand look like in the next five years?
3. What is the Compound Annual Growth Rate (CAGR) of the Global Biometrics market?
4. Which are the key segments covered in the Global Biometrics Market, and which segments are experiencing the fastest growth?
5. Which geographical region offers the highest growth opportunities in the Global Biometrics Market?
6. How is the competitive landscape evolving, and who are the key players in the Global Biometrics Market?
7. Who are the top five players in the Global Biometrics Market, and what is their respective market share?
8. How are AI and machine learning transforming the Global Biometrics Market landscape?
TABLE OF CONTENTS
- 1. Project scope
- 1.1 Market definition
- 1.2 Study objective
- 1.3 Scope inclusions
- 1.4 Scope exclusions
- 1.5 Assumptions
- 1.6 Limitations
- 2. Executive summary
- 2.1 Key findings of the study
- 2.2 Key insights from industry experts
- 2.3 Analyst opinion
- 3. Research methodology
- 3.1 Supply-side research methodology
- 3.2 Demand-side research methodology
- 4. Market dynamics
- 4.1 Trends
- 4.2 Drivers
- 4.3 Challenges
- 4.4 Ecosystem
- 4.5 Use cases
- 4.6 Market developments
- 4.6.1 Macroeconomic factors
- 4.6.1.1 Currency fluctuations
- 4.6.1.2 Supply chain disruptions
- 4.6.1.3 Government regulations
- 4.6.1.4 Others
- 4.6.2 Microeconomic factors
- 4.6.2.1 Price fluctuations
- 4.6.2.2 Technological advancements
- 4.6.1 Macroeconomic factors
- 5. Global Biometrics market size and forecast, by offering
- 5.1 Hardware unit shipment 2023-2030 (Thousand units)
- 5.1.1 Readers
- 5.1.2 Scanners
- 5.1.3 Access control
- 5.2 Revenue 2023-2030 (USD million)
- 5.2.1 Software/Solutions
- 5.2.2 Services
- 5.1 Hardware unit shipment 2023-2030 (Thousand units)
- 6. Global Biometrics market size and forecast, by biometric modalities
- 6.1 Unit shipment 2023-2030 (Thousand units)
- 6.1.1 Unimodal
- 6.1.2 Multimodal
- 6.2 Revenue 2023-2030 (USD million)
- 6.2.1 Unimodal
- 6.2.2 Multimodal
- 6.1 Unit shipment 2023-2030 (Thousand units)
- 7. Global Biometrics market size and forecast, by contact type
- 7.1 Unit shipment 2023-2030 (Thousand units)
- 7.1.1 Contact
- 7.1.2Contactless
- 7.1.3 Hybrid
- 7.2 Revenue 2023-2030 (USD million)
- 7.2.1 Contact
- 7.2.2 Contactless
- 7.2.3 Hybrid
- 7.1 Unit shipment 2023-2030 (Thousand units)
- 8. Global Biometrics market size and forecast, by type of biometrics
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 8.1.1 Fingerprint recognition
- 8.1.2 Facial recognition
- 8.1.3 Voice recognition
- 8.1.4 Iris recognition
- 8.1.5 Palm/vein pattern recognition
- 8.1.6 Others
- 8.2 Revenue 2023-2030 (USD million)
- 8.2.1 Fingerprint recognition
- 8.2.2 Facial recognition
- 8.2.3 Voice recognition
- 8.2.4 Iris recognition
- 8.2.5 Palm/vein pattern recognition
- 8.2.6 Others
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 9. Global Biometrics market size and forecast, by application
- 9.1 Unit shipment 2023-2030 (Thousand units)
- 9.1.1 Physical access control
- 9.1.2 Logical access control
- 9.1.3 Time and Attendance Tracking
- 9.1.4 Financial transactions
- 9.1.5 Law enforcement and Border control
- 9.1.6 Smart Cards and Tokens
- 9.2 Revenue 2023-2030 (USD million)
- 9.2.1 Physical access control
- 9.2.2 Logical access control
- 9.2.3 Time and Attendance Tracking
- 9.2.4 Financial transactions
- 9.2.5 Law enforcement and Border control
- 9.2.6 Smart Cards and Tokens
- 9.1 Unit shipment 2023-2030 (Thousand units)
- 10. Global Biometrics market size and forecast, by end-user industry
- 10.1 Unit shipment 2023-2030 (Thousand units)
- 10.1.1 Banking and Finance
- 10.1.2 Defense & Security
- 10.1.3 Government
- 10.1.4 Healthcare
- 10.1.5 Transportation & Logistics
- 10.1.6 Others
- 10.2 Revenue 2023-2030 (USD million)
- 10.2.1 Banking and Finance
- 10.2.2 Defense & Security
- 10.2.3 Government
- 10.2.4 Healthcare
- 10.2.5 Transportation & Logistics
- 10.2.6 Others
- 10.1 Unit shipment 2023-2030 (Thousand units)
- 11. Global Biometrics market size and forecast, by geography
- 11.1 Americas
- 11.1.1 US
- 11.1.2 Canada
- 11.1.3 Mexico
- 11.1.4 Brazil
- 11.1.5 Argentina
- 11.1.6 Rest of Americas
- 11.2 Europe
- 11.2.1 Germany
- 11.2.2 UK
- 11.2.3 France
- 11.2.4 Italy
- 11.2.5 Nordic countries (Sweden, Norway, Denmark, Finland)
- 11.2.6 Rest of Europe
- 11.3 APAC
- 11.3.1 China
- 11.3.2 Japan
- 11.3.3 India
- 11.3.4 South Korea
- 11.3.5 Australia
- 11.3.6 Rest of APAC
- 11.4 MEA
- 11.4.1 UAE
- 11.4.2 Saudi Arabia
- 11.4.3 Qatar
- 11.4.4 Rest of Middle East
- 11.4.5 Africa
- 11.1 Americas
- 12. Competitive scenario
- 12.1 Market concentration
- 12.2 Top five companies market share 2023
- 12.3 Key strategies
- 12.4 Key investments
- 13. Company profiles
- 13.1 Accu-Time Systems
- 13.1.1 Business overview
- 13.1.2 Product portfolio
- 13.1.3 Key developments
- 13.2 Aware
- 13.2.1 Business overview
- 13.2.2 Product portfolio
- 13.2.3 Key developments
- 13.3 BIO-key International
- 13.3.1 Business overview
- 13.3.2 Product portfolio
- 13.3.3 Key developments
- 13.4 Cognitec Systems
- 13.4.1 Business overview
- 13.4.2 Product portfolio
- 13.4.3 Key developments
- 13.5 Daon
- 13.5.1 Business overview
- 13.5.2 Product portfolio
- 13.5.3 Key developments
- 13.6 DERMALOG Identification Systems
- 13.6.1 Business overview
- 13.6.2 Product portfolio
- 13.6.3 Key developments
- 13.7 FaceFirst
- 13.7.1 Business overview
- 13.7.2 Product portfolio
- 13.7.3 Key developments
- 13.8 Fingerprint Cards
- 13.8.1 Business overview
- 13.8.2 Product portfolio
- 13.8.3 Key developments
- 13.9 Fujitsu
- 13.9.1 Business overview
- 13.9.2 Product portfolio
- 13.9.3 Key developments
- 13.10 HID Global
- 13.10.1 Business overview
- 13.10.2 Product portfolio
- 13.10.3 Key developments
- 13.11 IDEMIA
- 13.11.1 Business overview
- 13.11.2 Product portfolio
- 13.11.3 Key developments
- 13.12 Iris ID
- 13.12.1 Business overview
- 13.12.2 Product portfolio
- 13.12.3 Key developments
- 13.13 M2SYS Technology
- 13.13.1 Business overview
- 13.13.2 Product portfolio
- 13.13.3 Key developments
- 13.14 NEC
- 13.14.1 Business overview
- 13.14.2 Product portfolio
- 13.14.3 Key developments
- 13.15 Precise Biometrics
- 13.15.1 Business overview
- 13.15.2 Product portfolio
- 13.15.3 Key developments
- 13.16 SecuGen
- 13.16.1 Business overview
- 13.16.2 Product portfolio
- 13.16.3 Key developments
- 13.17 Suprema
- 13.17.1 Business overview
- 13.17.2 Product portfolio
- 13.17.3 Key developments
- 13.18 Shenzhen CAMA Biometrics
- 13.18.1 Business overview
- 13.18.2 Product portfolio
- 13.18.3 Key developments
- 13.19 Synaptics
- 13.19.1 Business overview
- 13.19.2 Product portfolio
- 13.19.3 Key developments
- 13.20 Thales
- 13.20.1 Business overview
- 13.20.2 Product portfolio
- 13.20.3 Key developments
- 13.21 ZKTeco
- 13.21.1 Business overview
- 13.21.2 Product portfolio
- 13.21.3 Key developments
- 13.1 Accu-Time Systems
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