Biometrics Technology Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

The global biometrics technology market stood at a value of around USD 25.21 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 10.20% to reach USD 66.59 Billion by 2034.

Increased Deployment of Automated Fingerprint Identification System (AFIS) to Facilitate Biometric Identification to Aid the Biometrics Technology Industry

Based on type, the AFIS segment accounts for a significant share in the market owing to the rising utilisation of AFIS in law enforcement and defence applications. This can be attributed to the highly efficient and reliable nature of AFIS methodology to obtain, store, and analyse fingerprint data. In addition to this, AFIS is subject to upgradation and is easy to maintain. Moreover, the growing acceptance of AFIS in rehabilitation centres, district stations, hospitals, law enforcement agencies, and government offices dealing with the identification of citizens is expected to aid the industry in the forecast period.

The Asia-Pacific Accounts for a Significant Share in the Market

The market in the Asia-Pacific is driven by the growing government emphasis on adopting advanced technologies to enhance security in industries like banking and defence. For instance, the rapid digitalisation in India has propelled the adoption of biometrics technology in various sectors. Furthermore, the growing urbanisation in emerging economies of the continent is anticipated to provide impetus to the market in the forecast period.

Biometrics Technology: Market Segmentation

The term biometric is made up of two words, ‘bio’- which means life and ‘metric’- which refers to calculation and measurement. Biometrics technology involves the use of technology to identify individuals based on some aspect of their biology, such as fingerprints. Biometrics technology facilitates the identification and surveillance in a society.

Based on type, the market can be segmented into:

• Face
• Hand Geometry
• Voice
• Signature
• Iris
• AFIS
• Non-AFIS
• Others

The major end uses of biometrics technology include:

• Government
• Banking and Finances
• Consumer Electronics
• Healthcare
• Transport/Logistics
• Defence and Security
• Others

Based on region, the market can be segmented into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Rising Application of Biometrics Technology in the Banking Sector to Boost the Growth of the Biometrics Technology Industry

The rising application of biometrics technology in the banking sector is driving the market growth. The primary factors propelling the adoption of this technology across the baking sector are the accuracy, assistance, and increased safety against fraudulent processes. The growing cases of extortion, misidentification, and identity theft are likely to augment the market in the forecast period. In addition to this, the database of clients and customers becomes easily accessible after deploying biometrics technology, which bolsters the convenience, thereby driving its demand. Over the forecast period, the rapid advancements in technology are expected to bode well for the market.

Key Industry Players in the Global Biometrics Technology Market

The report gives a detailed analysis of the following key players in the global biometrics technology market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Accu-Time Systems, Inc.
• BIO-key International, Inc.
• DERMALOG Identification Systems GmbH
• Fujitsu Limited
• HID Global
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.