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Global Biometric Technology Market to reach $77.1 billion by 2026.

Global Biometric Technology Market Size study, by Application Type (Face Recognition, Voice Recognition, IRIS Recognition, Signature Recognition, AFIS, Non-AFIS, Hand Geometry, Others), by End-Users (Government, Healthcare, Banking and Finance, Consumer Electronics, Home Safety and Security, Commercial Safety and Security, Others) by and Regional Forecasts 2019-2026.

Product Code: SASRACS_79914293
Publish Date: 14-10-2019
Page: 200

The Biometric Technology is developing and expanding at a significant pace. The Biometric technology market is anticipated to grow with a CAGR of 19.8% with a revenue of $77.1 billion around by the end of the year 2026.The Biometrics technology is utilized for the objective of verification and authentication. The Biometrics analyzes and measures both behavioral and physiological traits such as DNA; hand measurements, vein and signature patterns fingerprints, voice patterns & detection; eye retinas and irises detection and facial patterns for identification or authentication objectives of a individual. The key driver of the biometric technology is rising utility in the public and private sector. The major applications of the Biometric technology market include the government support across the globe considering the adoption and implementation of biometrics systems for the objective of verification and identification. The Utility of biometrics considering high utility of biometrics in the smartphones, introduction of e-passports criminal identification and technological advancements are aiding growth of the biometric systems market on the global scenario. The Growing cloud technologies considering biometric data and their utility in the e-commerce which includes online banking and online shopping are the key opportunity areas for the Biometric technology market on the global scenario. The Biometric technology market is facing some restraints which includes the huge cost of biometric devices along fear of safety and security concerns. The Biometric systems & technology costly in nature & entails training along with proper staff to require and implement such as that all the individuals of an organization at any point on time gets the new card and/or re-register. At the same time, it is detected one point which includes major fraud and multiple registrations. The biometrics system & technology market is also facing a challenge such as the security issue.

The regional analysis of Global Biometric Technology Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026.
The Companies included in the market are as follows;
Accu-Systems Inc
Bio-key International Inc
Cognitec Systems GmbH
Daon Inc
Fujitsu Limited
NEC Corporation
Siemens AG,
Suprema Inc
3M Cogent Inc,
Lumidigm Inc
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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Biometric Technology Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Global Biometric Technology Market Definition and Scope
1.1.Research Objective
1.2.Market Definition
1.3.Scope of The Study
1.4.Years Considered for The Study
1.5.Currency Conversion Rates
1.6.Report Limitation
Research Methodology
1.7.Research Process
1.7.1.Data Mining
1.7.2.Analysis
1.7.3.Market Estimation
1.7.4.Validation
1.7.5.Publishing
1.8.Research Assumption
Executive Summary
1.9.Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.10.Key Trends
Global Biometric Technology Market Dynamics
1.11.Growth Prospects
1.11.1.Drivers
1.11.2.Restraints
1.11.3.Opportunities
1.12.Industry Analysis
1.12.1.Porter’s 5 Force Model
1.12.2.PEST Analysis
1.12.3.Value Chain Analysis
1.13.Analyst Recommendation & Conclusion
Global Biometric Technology Market, By Application Type
1.14.Market Snapshot
1.15.Market Performance – Potential Model
1.16.Global Biometric Technology Market, Sub Segment Analysis
1.16.1.Face Recognition
1.16.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.1.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.16.2.Voice Recognition
1.16.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.2.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.16.3.IRIS Recognition
1.16.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.3.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

1.16.4.Signature Recognition
1.16.4.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.4.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.16.5.AFIS
1.16.5.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.5.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.16.6.Non-AFIS
1.16.6.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.6.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.16.7.Hand Geometry
1.16.7.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.7.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.16.8.Others
1.16.8.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.16.8.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Global Biometric Technology Market, By End-Users
1.17.Market Snapshot
1.18.Market Performance – Potential Model
1.19.Global Biometric Technology Market, Sub Segment Analysis
1.19.1.Defense Services
1.19.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.1.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.19.2.Government
1.19.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.2.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.19.3.Banking and Finance
1.19.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.3.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.19.4.Healthcare
1.19.4.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.4.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.19.5.Consumer Electronics
1.19.5.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.5.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.19.6.Home Safety and Security
1.19.6.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.6.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

1.19.7.Commercial Safety and Security
1.19.7.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.7.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.19.8.Others
1.19.8.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.19.8.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Global Biometric Technology Market, by Regional Analysis
1.20.Biometric Technology Market, Regional Market Snapshot (2016-2026)
1.21.North America Biometric Technology Market Snapshot
1.21.1.U.S.
1.21.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.21.1.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.21.1.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.21.2.Canada
1.21.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.21.2.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.21.2.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.22.Europe Biometric Technology Market Snapshot
1.22.1.U.K.
1.22.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.22.1.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.22.1.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.22.2.France
1.22.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.22.2.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.22.2.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.22.3.Rest of Europe
1.22.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.22.3.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.22.3.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.Asia Biometric Technology Market Snapshot
1.23.1.China
1.23.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.23.1.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.1.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.2.India
1.23.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.23.2.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.2.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.3.Japan
1.23.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.23.3.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.3.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.4.Rest of Asia Pacific
1.23.4.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.23.4.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.23.4.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.24.Latin America Biometric Technology Market Snapshot
1.24.1.Brazil
1.24.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.24.1.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.24.1.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.24.2.Mexico
1.24.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.24.2.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.24.2.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.25.Rest of The World
1.25.1.South America
1.25.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.25.1.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.25.1.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.25.2.Middle East and Africa
1.25.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
1.25.2.2.Application Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
1.25.2.3.End-User breakdown estimates & forecasts, 2016-2026 (USD Billion)
Competitive Intelligence
1.26.Company Market Share (Subject to Data Availability)
1.27.Top Market Strategies
1.28.Company Profiles
1.28.1. Accu-Time Systems, Inc
1.28.1.1.Overview
1.28.1.2.Financial (Subject to Data Availability)
1.28.1.3.Product Summary
1.28.1.4.Recent Developments
1.28.2. Bio-Key International, Inc
1.28.3.Cognitec Systems GmbH
1.28.4.Daon Inc
1.28.5.Digital Persona Inc
1.28.6.Fujitsu Limited
1.28.7.Irisguard, Inc
1.28.8.Idteck
1.28.9.Lumidigm, Inc
1.28.10.Morpha SA
1.28.11.NEC Corporation

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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