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Global Biometric System Market to reach USD 87.16 billion by the end of 2030.

Global Biometric System Market Size study & Forecast, by Authentication Type (Multi-factor Authentication and Single Factor Authentication), by Contact Type (Contact-Based System, Contact Less System, and Hybrid), by Technology (Face Recognition, Iris Recognition, Voice Recognition, Vein Recognition, Fingerprint Recognition, and Others), by Mobility (Fixed and Portable), by End-user (BFSI, Military & Defense, Consumer Electronics, Travel & Transport, Commercial, Smart Home, Government & Public, and Others) and Regional Analysis, 2023-2030

Product Code: ENGE-38295477
Publish Date: 4-08-2023
Page: 200

Global Biometric System Market is valued at approximately USD 30.77 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.9% over the forecast period 2023-2030. A biometric system is a digital technique of verification in which human personal features are utilised to verify or validate a person’s identity. To authenticate the system, this technology analyses people’s unique biometric traits such as fingerprints, faces, iris, voice, and vain patterns. These features immediately identify or validate the individual. Biometric scanning offers an extra layer of protection to system authentication. The key factor driving the growth of the biometric system market is the increased usage of biometric technology in consumer electronics for identification and authentication applications. The increased attention of governments on avoiding bogus beneficiary entries and improving governance through biometrics accelerates the market growth. Additionally, the growing popularity of biometric technology in automotive applications to improve safety and security and increase in crime incidences has a further impact on the industry.

Moreover, the biometric system is widely used in consumer electronics for identification and authentication applications. Thus, the growing consumer electronic industry is anticipated to support the market growth. According to Statista, in 2019, the consumer electronics market was valued USD 951.91 billion; in 2022 the market reached USD 987.16 billion and it is anticipated to reach USD 1052.96 billion by 2025. Additionally, the increasing usage of multi-factor authentication in the BFSI, automotive, and consumer electronics industries, is presenting attractive opportunities throughout the projection period. However, heavy initial investment of Biometric Devices stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Biometric System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to increased demand for biometric system solutions in the information and technology industries. Also, rising adoption of biometric software systems for tracking staff attendance, identification validation, or authentication have been deployed in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to an increased usage of technology in many industries including automotive, healthcare, smart homes, and others are projected to contribute to market revenue growth. Furthermore, the Indian government has approved the deployment of the Automated Facial Recognition System (AFRS) across the country by early 2021, which allows the extraction of facial biometrics from CCTV and video and matching them with individual pictures from the National Crime Records Bureau, which is overseen by the Minister of State for Home Affairs.

Major market player included in this report are:
HID Global Corporation
Bio Key International Inc.
NEC Corporation
Thales Group
Fulcrum Biometric Inc.
Nuance Communication Inc.
Precise Biometric
Qualcomm Technology Inc.
DERMALOG Identification Systems GmbH
Daon Inc.

Recent Developments in the Market:
Ø In September 2022 – Daon Inc., a biometric solutions provider, made its biometric identity access management solution “Identity X” accessible on the Genesys AppFoundry platform. Customers of Genesys Cloud X benefit from increased security by integrating Identity X with the Genesys Platform.
Ø In January 2022, Precision Biometrics, a biometric software and service provider, teamed with Infineon Technology. Precision Biometrics employs the Infineon biometry fingerprint algorithm in their Precise Bio Match product as a result of this collaboration. This method allows for autonomous driver seat adjustment in autos.

Ø Global Biometric System Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Authentication Type, Contact Type, Technology, Mobility, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Authentication Type:
Multi-factor Authentication
Single Factor Authentication
By Contact Type:
Contact-Based System
Contact Less System
By Technology:
Face Recognition
Iris Recognition
Voice Recognition
Vein Recognition
Fingerprint Recognition
By Mobility:
By End-user:
Military & Defense
Consumer Electronics
Travel & Transport
Smart Home
Government & Public
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Biometric System Market, by Region, 2020-2030 (USD Billion)
1.2.2. Biometric System Market, by Authentication Type, 2020-2030 (USD Billion)
1.2.3. Biometric System Market, by Contact Type, 2020-2030 (USD Billion)
1.2.4. Biometric System Market, by Technology, 2020-2030 (USD Billion)
1.2.5. Biometric System Market, by Mobility, 2020-2030 (USD Billion)
1.2.6. Biometric System Market, by End User, 2020-2030 (USD Billion
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biometric System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biometric System Market Dynamics
3.1. Biometric System Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing usage of biometric technology in consumer electronics Growing popularity of biometric technology in automotive applications
3.1.2. Market Challenges High Cost of Biometric System Heavy initial investment
3.1.3. Market Opportunities Increasing usage of multi-factor authentication in the BFSI Automotive and consumer electronics industries
Chapter 4. Global Biometric System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Biometric System Market, by Authentication Type
5.1. Market Snapshot
5.2. Global Biometric System Market by Authentication Type, Performance – Potential Analysis
5.3. Global Biometric System Market Estimates & Forecasts by Authentication Type 2020-2030 (USD Billion)
5.4. Biometric System Market, Sub Segment Analysis
5.4.1. Multi-factor Authentication
5.4.2. Single Factor Authentication
Chapter 6. Global Biometric System Market, by Contact Type
6.1. Market Snapshot
6.2. Global Biometric System Market by Contact Type, Performance – Potential Analysis
6.3. Global Biometric System Market Estimates & Forecasts by Contact Type 2020-2030 (USD Billion)
6.4. Biometric System Market, Sub Segment Analysis
6.4.1. Contact-Based System
6.4.2. Contact Less System
6.4.3. Hybrid
Chapter 7. Global Biometric System Market, by Technology
7.1. Market Snapshot
7.2. Global Biometric System Market by Technology, Performance – Potential Analysis
7.3. Global Biometric System Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Biometric System Market, Sub Segment Analysis
7.4.1. Face Recognition
7.4.2. Iris Recognition
7.4.3. Voice Recognition
7.4.4. Vein Recognition
7.4.5. Fingerprint Recognition
7.4.6. Others
Chapter 8. Global Biometric System Market, by Mobility
8.1. Market Snapshot
8.2. Global Biometric System Market by Mobility, Performance – Potential Analysis
8.3. Global Biometric System Market Estimates & Forecasts by Mobility 2020-2030 (USD Billion)
8.4. Biometric System Market, Sub Segment Analysis
8.4.1. Fixed
8.4.2. Portable
Chapter 9. Global Biometric System Market, by Mobility
9.1. Market Snapshot
9.2. Global Biometric System Market by Mobility, Performance – Potential Analysis
9.3. Global Biometric System Market Estimates & Forecasts by Mobility 2020-2030 (USD Billion)
9.4. Biometric System Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. Military & Defense
9.4.3. Consumer Electronics
9.4.4. Travel & Transport
9.4.5. Commercial
9.4.6. Smart Home
9.4.7. Government & Public
9.4.8. Others
Chapter 10. Global Biometric System Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Biometric System Market, Regional Market Snapshot
10.4. North America Biometric System Market
10.4.1. U.S. Biometric System Market Authentication Type breakdown estimates & forecasts, 2020-2030 Contact Type breakdown estimates & forecasts, 2020-2030 Technology breakdown estimates & forecasts, 2020-2030 Mobility breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Biometric System Market
10.5. Europe Biometric System Market Snapshot
10.5.1. U.K. Biometric System Market
10.5.2. Germany Biometric System Market
10.5.3. France Biometric System Market
10.5.4. Spain Biometric System Market
10.5.5. Italy Biometric System Market
10.5.6. Rest of Europe Biometric System Market
10.6. Asia-Pacific Biometric System Market Snapshot
10.6.1. China Biometric System Market
10.6.2. India Biometric System Market
10.6.3. Japan Biometric System Market
10.6.4. Australia Biometric System Market
10.6.5. South Korea Biometric System Market
10.6.6. Rest of Asia Pacific Biometric System Market
10.7. Latin America Biometric System Market Snapshot
10.7.1. Brazil Biometric System Market
10.7.2. Mexico Biometric System Market
10.8. Middle East & Africa Biometric System Market
10.8.1. Saudi Arabia Biometric System Market
10.8.2. South Africa Biometric System Market
10.8.3. Rest of Middle East & Africa Biometric System Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. HID Global Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.3.2. Bio Key International Inc.
11.3.3. NEC Corporation
11.3.4. Thales Group
11.3.5. Fulcrum Biometric Inc.
11.3.6. Nuance Communication Inc.
11.3.7. Precise Biometric
11.3.8. Qualcomm Technology Inc.
11.3.9. DERMALOG Identification Systems GmbH
11.3.10. Daon Inc.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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