Biometrics - Global Strategic Business Report

Report
872 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 5141259

The global market for Biometrics is estimated at US$27.6 Billion in 2023 and is projected to reach US$79.6 Billion by 2030, growing at a CAGR of 14.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Non-AFIS Biometrics segment, which is expected to reach US$21.8 Billion by 2030 with a CAGR of 12.4%. The AFIS Biometrics segment is also set to grow at 15.5% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $7.4 Billion in 2023, and China, forecasted to grow at an impressive 17.6% CAGR to reach $14.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Biometrics Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Biometrics Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Biometrics Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Anviz Global, Inc., 4G Identity Solutions Pvt., Ltd., AGNITiO S.L., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 340 Featured):

Anviz Global, Inc.
4G Identity Solutions Pvt., Ltd.
AGNITiO S.L.
Animetrics, Inc.
360 Biometrics
3dMD LLC
Accu-Time Systems, Inc.
Applied Recognition, Inc.
ACK3 Bionetics
AgeWell Biometrics
Acuity Market Intelligence
Airside
ALiCE Biometrics
ANDE
3D Face

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

An Introduction to Biometrics Technology
Types of Biometric Technologies
Biometrics Technology: Growing Use of Biological Traits for Identification & Verification to Fuel Market Prospects
COVID-19 Impacts Contact-only Biometrics Market
Developing Economies to Spearhead Future Adoption of Biometric Technology
Competition
Biometric Startups Set to Transform Competitive Scenario
World Brands
Recent Market Activity
Biometrics - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Next-Generation Biometric Technologies to Transform Market Landscape
Finger-Vein Recognition
3D Face Recognition
Sensor Interoperability
Biometrics Authentication in the Cloud
AI & Biometrics
Contactless Biometrics Technology Poised for Major Gains
Global Contactless Biometrics Market Breakdown by Component (in %) for 2020
Multimodal Biometrics Emerges as a Promising Area of Growth
Future Trends in Biometrics Technology: A Review
Growing Role of Biometrics for Identification & Authentication in Consumer Electronics Sector
Smartphones Become a Critical Device for Biometrics
Rise in Biometric Technology-based Government Initiatives Propel Market Growth
National ID Programs Build Opportunities for Biometric Systems
Border Control & Immigration Emerges as a Promising Market for Biometric Systems
Continued Threat of Terrorism Drives the Focus on Beefing Up Security with Biometric Systems: Number of Terrorist Incidents and Terrorism-related Deaths Worldwide
Fingerprint Technology Remains the Dominant Biometric System in Use for Immigration Purposes
Rising Prominence of Iris Biometrics for Travel & Immigration Control
Growing Role of Biometrics in Addressing Fraud and Security Breaches to Propel Use of Iris Recognition Technology in BFSI Industry
Applications of Biometrics Technology in Financial Services Sector
Digitization of Banking Services and Need for Stricter Identification Protocols to Prevent Security Breaches Drives Market
Biometrics Enable Banks to Improve Customer Engagement Levels
Fingerprint Scan Technology Leads the BFSI Sector
Iris Biometrics Poised for Strong Growth in BFSI Sector
Voice Biometrics Continues to Gain Growth in BFSI Sector
Facial Recognition Growing in Popularity
Banks See More Deployment of Vein Recognition Biometrics
Dual Biometrics Finds Acceptance among Banks
Rise of Internet and Mobile Banking Drives Opportunities for Biometrics Market
Global Online Banking Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
Biometrics-based Authentication at ATMs on Rise
Rise in ATM Installations Presents Opportunity for Iris Biometrics: Global Installed Base of ATMs in Millions for 2015, 2017, 2019, 2021, 2023, and 2025
Increasing Availability of Biometrics-Enabled Smartphones Transforms Mobile Banking Services
Biometric Payment Cards Propel Biometrics Adoption in BFSI Sector
Financial Inclusion of Unbanked Population: A Key Advantage of Biometrics Technology
Global Breakdown of Unbanked Adult Population (in %) by Country
Global Breakdown of Unbanked Adult Population (in %) by Gender
Top Factors Cited as Barrier to Account Ownership: % of Adults Citing the Reason for Being Unbanked
Digital Onboarding Initiatives of Banks Present Favorable Outlook for Biometrics Technologies
Amidst Digital Transformation of Banking Operations, Behavioral Biometrics Witnesses Growth
Keystroke Dynamics Authentication Overcomes Challenges Related to Conventional Authentication Methods
Regulatory Mandates Promote Adoption Biometrics Technology in Banking Sector
Innovations in Biometrics for Banking and Financial Services Sector: A Review
Increasing Significance of Biometrics Technology in Facilitating Contactless Passenger Journey
Demand for Biometric Systems Rises from Law Enforcement Agencies
Prisons & Detention Centers Bank on Iris Biometrics
Significant Role of Biometrics in Access Control Implementations
Iris Biometrics Rapidly Gains Adoption in Physical Access Implementations
System & Network Access Control Presents Considerable Market Opportunity
Use of Iris Biometrics for Attendance & Workforce Management to Grow in Prominence
Multi Factor Authentication Continues to Grow in Popularity in Access Control
Automotive Industry Exhibits Growing Inclination to Use Biometrics Systems
Biometrics Technology Becomes Indispensable in Identity Verification & Access Control at Airports
Biometrics Technology to Expedite Check In and Boarding at Airports
Automated Border Control Systems (eGates) for Faster Processing at Border Checkpoints: Opportunities for Market Growth
Enterprises Choose Biometric Technology for Secure Identity Management and Better HR Management
Global Workforce Population: Percentage Share Breakdown of Employees by Nature of Work for 2009, 2017 & 2024
Digital Transformation of Workplaces and Enterprise Mobile Enhance Importance of Biometrics Technology
WFM Employees as a % of the Total Workforce for 2019 and 2020
Healthcare Emerges as a High Growth Market for Biometric Systems
Iris Biometrics Well Suited to Mitigate Hospital Patient Identification Issues
Hygiene Concerns Amidst the COVID-19 Pandemic Create Business Case for Contactless Biometrics
Education Sector to Leverage the Capabilities of Biometrics Technology
Hospitality Industry: High Potential Market for Biometrics Technology
Growing Role of Biometrics Technology in Smart Homes and Offices
Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
Smart Home Penetration Rate (%) by Region/Country
Biometrics Present Potential Opportunities for Retail Vertical
Fingerprint Recognition: A Reliable Biometrics Technology with Varied Applications
Low Costs Benefits Drive Gains in Non-Automated FIS Market
Contactless Fingerprint Systems Drive Opportunities
3D Fingerprint Scanners Evolve as a More Accurate Technology
Iris Biometrics: Uniqueness of Human Iris Holds Tremendous Potential as an Identification Technology
Iris Recognition Gains Marked Adoption across Diverse Verticals
Iris-based Identity Authentication Address Concerns with Contact Biometrics
Cloud Solutions Boost Adoption of Iris Recognition Technologies
Blockchain & Iris Recognition Opens Opportunities for Identity Verification in Various Industries
Technology Developments to Transform the Iris Biometrics Market
Advanced Hand Held Devices to Bring Portability to Iris Biometrics
Face and Voice Recognition Technologies Continue to Gain Popularity
Hand Geometry: Another Promising Biometric Authentication Technology
Banking and Time & Attendance Management Sustain Demand for Hand Geometry Systems
Consumer Biometrics: Need for Convenience and Hassle-Free Experiences Boost Technology Adoption
Digital Authentication Needs of Diverse Verticals Turn Focus onto Behavioral Biometrics
Key Issues Facing Biometrics Market

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Biometrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Biometrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 3: World 14-Year Perspective for Biometrics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Non-AFIS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Non-AFIS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 6: World 14-Year Perspective for Non-AFIS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for AFIS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for AFIS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 9: World 14-Year Perspective for AFIS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Iris by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Iris by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 12: World 14-Year Perspective for Iris by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Face by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Face by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 15: World 14-Year Perspective for Face by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Voice by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Voice by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 18: World 14-Year Perspective for Voice by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 21: World 14-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Transportation / Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Transportation / Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 24: World 14-Year Perspective for Transportation / Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 25: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 26: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 27: World 14-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 28: World Recent Past, Current & Future Analysis for Defense & Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 29: World Historic Review for Defense & Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 30: World 14-Year Perspective for Defense & Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 31: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 32: World Historic Review for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 33: World 14-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 34: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 35: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 36: World 14-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 37: World Recent Past, Current & Future Analysis for Banking & Finance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 38: World Historic Review for Banking & Finance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 39: World 14-Year Perspective for Banking & Finance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 40: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 41: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2022 and % CAGR
Table 42: World 14-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2024 & 2030
Table 43: World Biometrics Market Analysis of Annual Sales in US$ Thousand for Years 2016 through 2030

III. MARKET ANALYSIS

UNITED STATES

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Biometrics Technology Finds Favor in BFSI Sector
Growing Significance of Voice Biometrics in Finance Sector
Growing Security Concerns Up Demand for Biometric Systems at Airports & Border Crossings
Iris Biometrics to Expedite Screening Process
Iris Biometrics for Criminal Profiling
Hospitals Turn to Iris Biometrics for Right Patient
Fingerprint Identification Technology: An Important Tool for Law Enforcement Agencies

CANADA

JAPAN

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Growing Adoption of Biometrics Technology in BFSI Industry

CHINA

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Financial Services Industry in China Embraces Biometric Systems

EUROPE

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCE

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)

GERMANY

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)

ITALY

UNITED KINGDOM

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
Market Overview
Growing Popularity of Biometrics in Banking Operations

REST OF EUROPE

Russia: Government Agencies Rely on Biometrics Technologies

ASIA-PACIFIC

Biometrics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
Market Overview
Australia
High Adoption of Digital Banking Services Supports Biometric Technology
India
Biometrics Continues to Gain Prominence in India’s Banking Industry
UIDAI: A Major Biometrics Project in India

REST OF WORLD

Iris Biometrics Market in the Middle East: An Overview

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Anviz Global, Inc.
4G Identity Solutions Pvt., Ltd.
AGNITiO S.L.
Animetrics, Inc.
360 Biometrics
3dMD LLC
Accu-Time Systems, Inc.
Applied Recognition, Inc.
ACK3 Bionetics
AgeWell Biometrics
Acuity Market Intelligence
Airside
ALiCE Biometrics
ANDE
3D Face

Table Information

Report Attribute	Details
No. of Pages	872
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 27.6 Billion
Forecasted Market Value ( USD ) by 2030	$ 79.6 Billion
Compound Annual Growth Rate	14.2%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 340 Featured):

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Table of Contents

Companies Mentioned (Partial List)

Table Information

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