Quick Summary:
Dominated by technological advancements and increasing security requirements, the biometrics market is poised for significant growth. This radical upsurge is fuelled by several market drivers, including government initiatives and an escalating demand for enhanced security in various sectors. Our comprehensive market research report provides an all-inclusive analysis of the market size, forecast, growth drivers, and challenges, in addition to a meticulously designed vendor review covering around 25 leading industry players.
Divided into user segments, the market involves government, healthcare, banking, finance, insurance services, and others. Each segment utilizes biometrics hardware and software components. Both regional and global perspectives of North America, Europe, the Middle East and Africa, Asia-Pacific, and South America are detailed in this report. Furthermore, this study highlights the surging usage of facial recognition technology and the emerging demand for contactless and cloud-based biometric systems, illuminating the core reasons for the market's expansion in the upcoming years.
This extensive report gives you access to an incisive overview of the competitive landscape, expected future trends, and upcoming challenges, enabling businesses to strategize and capitalize on potential growth opportunities. Our thorough market research, combining qualitative and quantitative data, provides you with an accurate forecast of market proliferation.
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The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand and enhanced security, government initiatives, and advancement in technology.
The biometrics market is segmented as below:
By End-user
- Government
- Healthcare
- BFSI
- Others
By Component
- Hardware
- Software
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The report on the biometrics market covers the following areas:
- Biometrics market sizing
- Biometrics market forecast
- Biometrics market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global biometrics market: Advent International Corp., ASSA ABLOY AB, Aware Inc., Daon Inc., Furukawa Electric Co. Ltd., M2SYS, NEC Corp., Qualcomm Inc., Suprema Inc., Thales Group, BIO key International Inc., Cognitec Systems GmbH, Facebanx, Fujitsu Ltd., Iris ID Systems Inc., Precise Biometrics AB, Securiport LLC, Veridium IP Ltd., secunet Security Networks AG, and NEXT Biometrics Group ASA.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing adoption of facial recognition technology.'
According to the report, one of the major drivers for this market is the increasing demand and enhanced security.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Advent International Corp.
- ASSA ABLOY AB
- Aware Inc.
- Daon Inc.
- Furukawa Electric Co. Ltd.
- M2SYS
- NEC Corp.
- Qualcomm Inc.
- Suprema Inc.
- Thales Group
- BIO key International Inc.
- Cognitec Systems GmbH
- Facebanx
- Fujitsu Ltd.
- Iris ID Systems Inc.
- Precise Biometrics AB
- Securiport LLC
- Veridium IP Ltd.
- secunet Security Networks AG
- NEXT Biometrics Group ASA