Next-Gen Biometric Authentication Market Report 2025

The next-gen biometric authentication market size has grown exponentially in recent years. It will grow from $54.64 billion in 2024 to $67.23 billion in 2025 at a compound annual growth rate (CAGR) of 23%. The growth during the historic period can be attributed to the rising cybersecurity threats and data breaches, the growing demand for secure digital transactions, the expansion of smartphone-based fingerprint authentication, the rise of government-issued biometric identification programs, and the increasing use of biometric attendance systems in workplaces.

The next-gen biometric authentication market size is expected to see exponential growth in the next few years. It will grow to $152.18 billion in 2029 at a compound annual growth rate (CAGR) of 22.7%. The projected growth during the forecast period can be attributed to the increasing adoption of contactless biometrics in public spaces, the expansion of 3D facial recognition technology, the growing implementation of liveness detection to prevent spoofing, the rising use of biometric authentication in digital identity verification, and the expansion of mobile biometrics in e-governance services. Key trends expected during this period include AI-powered biometric authentication, the integration of blockchain for secure identity management, the rise of contactless and touchless biometrics, advancements in behavioral biometrics, and the use of biometric authentication in decentralized finance.

The growing frequency of cyber-attacks is expected to drive the expansion of the next-gen biometric authentication market. Cyber-attacks are malicious attempts to compromise, damage, or gain unauthorized access to computer systems, networks, or data, often with the intent to steal information, disrupt operations, or cause harm. The increase in cyber-attacks is attributed to the more advanced hacking techniques being developed by cybercriminals, who create sophisticated malware that can bypass traditional security measures and exploit system vulnerabilities more effectively. Next-gen biometric authentication enhances cybersecurity by utilizing AI-driven multi-modal biometrics, blockchain integration, and continuous authentication methods to prevent identity theft, thereby significantly reducing cybercrimes in digital environments and critical infrastructure. For instance, according to the Australian Cyber Security Centre, cybercrime reports in 2022 reached 76,000, a 13% increase from the previous year. This rise in cyber-attacks is fueling the demand for next-gen biometric authentication solutions.

Companies in the next-gen biometric authentication market are focusing on innovations such as multimodal biometrics and contactless authentication to improve security, user experience, and identity verification across various sectors. Multimodal biometrics and contactless authentication enhance the accuracy, security, and convenience of identity verification by offering touch-free and multi-feature solutions. For example, in June 2022, Vision Box, a Portugal-based company providing biometric identity management solutions and automated border control systems, introduced the Seamless Kiosk. This kiosk uses a full-frontal face capture module that adjusts for height and lighting conditions, ensuring accurate biometric data collection. It also offers a modular design that enables clients to customize configurations, including various document readers, fingerprint scanners, and printer modules capable of generating boarding passes and bag tags.

In March 2022, Mitek Systems Inc., a US-based software company specializing in digital identity verification and mobile capture solutions, acquired HooYu for $129 million. This acquisition aimed to strengthen Mitek Systems' digital identity verification capabilities by incorporating HooYu’s advanced solutions for customer onboarding, biometric authentication, and fraud prevention. HooYu, a UK-based technology company, specializes in identity verification and fraud prevention services.

Major players in the next-gen biometric authentication market are Apple Inc., Samsung Electronics Co. Ltd., Siemens AG, Fujitsu Limited, NEC Corporation, Safron S.A, Thales Group, IDEMIA, Synaptics Inc., HID Global Corporation, ZKTeco Co. Ltd., Clear Secure Inc., Fingerprint Cards AB, Precise Biometrics, Suprema Inc., Aware Inc., IriTech Inc., BIO-key International Inc., BioID GmbH, Luxand Inc.

North America was the largest region in the next-gen biometric authentication market in 2024. The regions covered in next-gen biometric authentication report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the next-gen biometric authentication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Next-gen biometric authentication is an advanced security system that uses unique physical characteristics to verify an individual's identity. It offers a safer and more convenient method for accessing devices or services. These systems surpass traditional fingerprint and facial recognition by incorporating behavioral analysis, liveness detection, and continuous authentication to enhance accuracy and security.

The main types of next-gen biometric authentication include single-factor authentication and multi-factor authentication. Single-factor authentication relies on one biometric trait, such as a fingerprint or facial feature, to verify a person’s identity. Key technologies in this field include fingerprint recognition, iris recognition, palm print recognition, face recognition, signature recognition, and others. These systems are used by a range of end-users, including government and defense, banking, financial services, and insurance (BFSI), healthcare, information technology and telecommunications, retail, travel and hospitality, and others.

The next-gen biometric authentication market research report is one of a series of new reports that provides next-gen biometric authentication market statistics, including next-gen biometric authentication industry global market size, regional shares, competitors with a next-gen biometric authentication market share, detailed next-gen biometric authentication market segments, market trends and opportunities, and any further data you may need to thrive in the next-gen biometric authentication industry. This next-gen biometric authentication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The next-gen biometric authentication market consists of revenues earned by entities by providing advanced biometric authentication services and multimodal authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. The next-gen biometric authentication market also includes sales of biometric devices, authentication platforms, and secure identity management systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.