GMI Research’s recent analysis, global biometrics market, forecast to 2027, examines the trends in this market and how they are evolving across the different key geographic regions of the world. The rising use of biometrics in consumer electronic devices for authentication and identification purposes, followed by the increasing need for surveillance, are the significant factors driving the growth of the biometrics market.
Introduction of the Biometrics Market:
Biometrics refers to using a person's behavioral and physical characteristics as a means of authentic identity for them. The behavioral and physical characteristics of each individual are exceptional, and the biometric system are having various advancements to enhance its performance in the field of surveillance and security. The behavioral characteristics consider the person's voice, keystroke & signature, while the physical characteristics consider the face, fingerprint, iris, hand, and DNA.
Biometrics Market Dynamics (Including market share and size)
The increasing number of identity proof problems, which is exceptional to every individual, and the rising requirement for technologically advanced security and surveillance are the major factors driving the growth of the biometrics market size. The growing trend of ePassport and eVisa is further creating various growth opportunities in the market. According to the biometrics market and industry report, biometrics is largely used in various sectors such as law enforcement, personal and national security, healthcare, and governance. Biometrics identification and security have become an essential part of electronic devices, including laptops and smartphones. The emerging demand for electronic products is enhancing the demand for global biometrics technology market worldwide.
Several government initiatives are being introduced to utilize this technology for various national-level policies and identification applications. As per the biometrics market report, the perfect example of this system is India's AADHAR project and, by far, the biggest biometric identification system around the world. Various financial institutions, such as the banks are planning to convert their customer base identification through biometrics, which will bring numerous growth opportunities in the market. The biometrics market research report illustrates that the fingerprint identification technology is taking a large portion of the market as all other technologies slowly penetrate the market. Furthermore, the decreasing price of biometrics technology is further fuelling the growth of the biometrics market share in terms of revenue.
With the emergence of the COVID-19 crisis, the biometrics systems are being largely adopted for early detection, patient screening, and public safety monitoring to reduce the coronavirus's spread. Moreover, the rising application of biometrics in face recognition and surveillance operations systems to detect individuals who are not wearing protective masks is one of the major factors boosting the demand of the market.
Key Players of the Global Biometrics Market:
• NEC Corporation
• Suprema Inc.
• Iris ID
• Fujitsu Ltd.
• Idemia
• Crossmatch Technologies
• Fujitsu Ltd.
• Ultinous
• IDEX Biometrics
• Aware Inc.
Biometrics Market Segmentation:
Global Biometrics Market Report Segment by Authentication Type:
• Single-Factor Authentication
o Fingerprint Recognition
AFIS
Non-AFIS
o Iris Recognition
o Palm Print Recognition
o Face Recognition
o Vein Recognition
o Signature Recognition
o Voice Recognition
o Others
DNA Recognition
Keystroke Recognition
Gait Recognition
Otoacoustic Emissions
• Multi-Factor Authentication
o Smart Card with Biometrics
o Pin with Biometrics
o Multimodal Biometric
Global Biometrics Market Report Segment by Offering:
• Hardware
o Fingerprint Readers
o Scanners
o Cameras
o Others
• Software
Global Biometrics Market Report Segment by Functionality:
• Contact Functionality
• Non-Contact Functionality
• Combined Functionality
Global Biometrics Market Report Segment by End-User:
• Government
• Military & Defense
• Healthcare
• Banking & Finance
• Consumer Electronics
• Travel & Immigration
• Automotive
• Security
o Residential Security
o Commercial Security
• Others
Global Biometrics Market Report Segment by Region:
• North America
o United States of America
o Canada
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information about the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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