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Global Biometrics Technology Market: By Type: Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Others; By End Use: Government, Banking and Finances, Consumer Electronics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Biometrics Technology Market Outlook
The global biometrics technology market stood at a value of around USD 20.8 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 10.10% to reach USD 37.2 billion by 2027.
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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.
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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
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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 EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Others |
| Breakup by End Use | Government, Banking and Finance, Consumer Electronics, Healthcare, Transport/Logistics, Defence and Security, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Accu-Time Systems, Inc., BIO-Key International, Inc., DERMALOG Identification Systems GmbH, Fujitsu Limited, HID Global, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Biometrics Technology Market Analysis
8.1 Key Industry Highlights
8.2 Global Biometrics Technology Historical Market (2018-2022)
8.3 Global Biometrics Technology Market Forecast (2023-2028)
8.4 Global Biometrics Technology Market by Type
8.4.1 Face
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Hand Geometry
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Voice
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Signature
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Iris
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 AFIS
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Non-AFIS
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Others
8.5 Global Biometrics Technology Market by End Use
8.5.1 Government
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Banking and Finances
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Consumer Electronics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Healthcare
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Transport/Logistics
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Defence and Security
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Biometrics Technology Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.2.1 Breakup by Country
9.3.2.2 China
9.3.2.3 Japan
9.3.2.4 India
9.3.2.5 ASEAN
9.3.2.6 Australia
9.3.2.7 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Accu-Time Systems, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 BIO-key International, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 DERMALOG Identification Systems GmbH
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Fujitsu Limited
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 HID Global
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Biometrics Technology Market: Key Industry Highlights, 2018 and 2028
2. Global Biometrics Technology Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Biometrics Technology Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Biometrics Technology Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Biometrics Technology Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Biometrics Technology Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Biometrics Technology Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Biometrics Technology Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Biometrics Technology Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Biometrics Technology Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Biometrics Technology Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Biometrics Technology Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Biometrics Technology Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Biometrics Technology Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Biometrics Technology Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Biometrics Technology Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Biometrics Technology Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Biometrics Technology Market Structure
Key Questions Answered in the Report
In 2021, the global biometrics technology market attained a value of nearly USD 20.8 billion.
The market is estimated to grow at a CAGR of 10.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 37.2 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of biometrics technology in various industries including banking and finance, healthcare, defence, and others, the growing need to improve security and surveillance, and rapid digitalisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid technological advancements.
Face, hand geometry, voice, signature, iris, AFIS, and non-AFIS, among others are the major types included in the market report.
Government, banking and finances, consumer electronics, healthcare, transport/logistics, and defence and security, among others are the different end uses of the product.
The major players in the industry are Accu-Time Systems, Inc., BIO-key International, Inc., DERMALOG Identification Systems GmbH, Fujitsu Limited, and HID Global, among others.
Analyst Review
The global biometrics technology market attained a value of USD 20.8 billion in 2021, driven by the rapid digitalisation across various sectors, including the healthcare industry. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.10%. The market is projected to reach USD 37.2 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into face, hand geometry, voice, signature, iris, AFIS, and non-AFIS, among others. On the basis of end use, the market is divided into government, banking and finances, consumer electronics, healthcare, transport/logistics, and defence and security, among others. The major regional markets for biometrics technology are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Accu-Time Systems, Inc., BIO-key International, Inc., DERMALOG Identification Systems GmbH, Fujitsu Limited, and HID Global, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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