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Biometric Systems Market by Offering, Biometrics Type (Fingerprint Recognition, Voice Recognition), Contact Type, Authentication Type, Platform, Application, End User (Government, Military & Law Enforcement, and Others)– Global Forecast to 2029

Biometric Systems Market by Offering, Biometrics Type (Fingerprint Recognition, Voice Recognition), Contact Type, Authentication Type, Platform, Application, End User (Government, Military & Law Enforcement, and Others)– Global Forecast to 2029

Biometric Systems Market by Offering, Biometrics Type (Fingerprint Recognition, Voice Recognition), Contact Type, Authentication Type, Platform, Application, End User (Government, Military & Law Enforcement, and Others)– Global Forecast to 2029

The research report titled, “Biometric Systems Market by Offering, Biometrics Type (Fingerprint Recognition, Voice Recognition), Contact Type, Authentication Type, Platform, Application, End User (Government, Military & Law Enforcement, and Others) - Global Forecast to 2029,” provides in-depth analysis of biometric systems market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2029. The global biometric systems market is expected to reach $51.6 billion by 2029, growing at a CAGR of 12.4% during the forecast period of 2022 to 2029.

The growth of this market is mainly attributed to the growing demand for mobile biometrics devices, rising government initiatives for biometrics technology, increasing use of biometric technology in consumer electronics for authentication and identification applications, and the growing need for security measures in military and law enforcement are the key factors driving the growth of the biometric systems market.

The study offers a comprehensive analysis of the global biometric systems market with respect to offering, biometrics type, contact type, authentication type, platform, application, end user, and geography.

The market is segmented based on offering (hardware and software), biometric type (fingerprint recognition, face recognition, voice recognition, iris recognition, signature recognition, vein recognition, palm print recognition, and other biometrics types), authentication type (single-factor authentication and multi-factor authentication), contact type (contact-based, contactless, and hybrid), platform (on-site, mobile devices, PC’s, & wearable devices), application (digital identification, access control & authentication, security & surveillance, and other applications), end user (IT & telecom, government, finance & insurance, retail, military & law enforcement, healthcare, recreation, education, transportation/warehousing, and other end users), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at a country level.

Based on authentication type, the multi-factor authentication segment is expected to record the fastest growth over the forecast period. The growth of this segment is mainly driven by the growing adoption of BYOD, rising cyber security incidents and identity thefts, and high demand for cloud-based MFA solutions. Also, the wide adoption of authentication solutions across BFSI, government, and healthcare sectors resulting in the growing demand for multi-factor authentication solutions is expected to drive the growth of this segment over the forecast period.

Based on platform, the mobile devices segment is expected to grow at the highest CAGR during the forecast period. The rising trend of mobile transactions, growing adoption of biometrics features in smartphones, and rising use of mobile biometrics in e-commerce and online gaming are expected to support the growth of this segment.

Based on end user, the healthcare segment is expected to grow at the highest CAGR during the forecast period. The growing incidence of healthcare data breaches and medical identity theft, adoption of contactless biometrics authentication, and integration of biometric solutions in healthcare set-ups in emerging economies are expected to support the growth of this segment.

Geographically, the biometric systems market is segmented into five major geographies, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia Pacific is expected to account for the largest share of the biometric systems market. Also, this region is expected to witness rapid growth during the forecast period. The growth of this region is mainly driven by the presence of prominent players, the rising need for biometric systems for security purposes, supportive government initiatives across the region, and investments by major biometrics companies.

The global biometric systems market is consolidated and dominated by a few major players, namely, NEC Corporation (Japan), CardLogix Corporation (U.S.), Fujitsu Limited (Japan), Thales Group (France), Integrated Biometrics LLC (U.S.), Iris ID, Inc. (U.S.), Suprema, Inc. (South Korea), HID Global Corporation (U.S.), Precise Biometrics (Sweden), Aware, Inc. (U.S.), Daon, Inc. (U.S.), M2SYS Technology (U.S.), BIO-key International (U.S.), Cognitec Systems GmbH (Germany), BioRugged (South Africa), DERMALOG Identification Systems GmbH (Germany), IDEMIA (France), and ImageWare Systems, Inc. (U.S.).

Key questions answered in the report-
•Which are the high-growth market segments in terms of the offering, biometric type, contact type, authentication type, platform, application, end user, and region?
•What is the historical market for biometrics systems across the globe?
•What are the market forecasts and estimates for the period 2020-2029?
•What are the major drivers, restraints, and opportunities in the global biometric systems market?
•Who are the major players in the global biometric systems market and what share of the market do they hold?
•Who are the major players in various countries and what share of the market do they hold?
•How is the competitive landscape?
•What are the recent developments in the global biometric systems market?
•What are the different strategies adopted by the major players in the global biometric systems market?
•What are the geographical trends and high-growth countries?
•Who are the local emerging players in the global biometric systems market and how do they compete with the other players?


Table of Content
1. Introduction to Biometric Systems Market
1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency & Limitation
1.3.1 Currency
1.3.2 Limitations
1.4 Key Stakeholders

2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitation For Study

3. Executive Summary
3.1. Market Analysis, by Offering
3.2. Market Analysis, by Biometrics Type
3.3 Market Analysis, by Authentication Type
3.4. Market Analysis, by Contact Type
3.5. Market Analysis, by Platform
3.6. Market Analysis, by Application
` 3.7. Market Analysis, by End User
3.8. Market Analysis, by Geography
3.9. Competitive Analysis

4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Global Biometric Systems Market Drivers: Impact Analysis (2022–2029)
4.2.1.1. Growing Security Requirements in the BFSI Sector
4.2.1.2. Government Initiatives Encouraging the Adoption of Biometric Technologies
4.2.1.3. Integration of Biometric Capabilities into Mobile Devices
4.2.2. Global Biometric Systems Market Restraints: Impact Analysis (2022–2029)
4.2.2.1. High Capital Requirements for Deploying High-End Biometric Systems
4.2.3. Global Biometric Systems Market Opportunities: Impact Analysis (2022–2029)
4.2.3.1. Significant Advances in Biometric Solutions Designed for Authentication and Identification Applications
4.2.4. Global Biometric Systems Market Challenges: Impact Analysis (2022–2029)
4.2.4.1. Misconceptions and a Lack of Knowledge Regarding Biometric Solutions
4.2.5. Global Biometric Systems Market Trends: Impact Analysis (2022–2029)
4.2.5.1. Growing Adoption of Biometrics-as-a-Service
4.3. Case Studies
4.3.1. Case Study A
4.3.2. Case Study B
4.3.3. Case Study C
4.4. Global Biometric Systems Market: Porter’s Five Forces Analysis
4.4.1. Threat Of New Entrants
4.4.2. Threat Of Substitutes
4.4.3. Bargaining Power of Suppliers
4.4.4. Bargaining Power of Buyers
4.4.5. Degree Of Competition

5. The Impact of Covid-19 on the Biometric Systems Market

6. Biometric Systems Market, by Offering
6.1 Introduction
6.2 Hardware
6.2.1 Cameras
6.2.2. Scanners
6.3 Software

7. Biometric Systems Market, by Biometrics Type
7.1 Introduction
7.2 Fingerprint Recognition
7.3. Face Recognition
7.4. Voice Recognition
7.5. Palm Print Recognition
7.6. Iris Recognition
7.7. Signature Recognition
7.8. Vein Recognition
7.9 Other Biometric Types (Heartbeat Reader and Hand Geometry)

8. Biometric Systems Market, by Authentication Type
8.1 Introduction
8.2 Single-factor Authentication
8.3 Multi-factor Authentication

9. Biometric Systems Market, by Contact Type
9.1 Introduction
9.2 Contact-based
9.3 Contactless
9.4 Hybrid

10. Biometric Systems Market, by Platform
10.1. Introduction
10.2. On-Site
10.3. Mobile Devices
10.4. Wearable Devices
10.5. Personal Computers

11. Biometric Systems Market, by Application
11.1 Introduction
11.2 Digital Identification
11.3. Security & Surveillance
11.4. Access Control & Authentication
11.5 Other Applications (Border Control and Law & Enforcement)

12. Biometric Systems Market, by End User
12.1 Introduction
12.2 Information Technology & Telecom
12.3 Government
12.4 Retail
12.5 Finance & Insurance
12.6 Military/ Law Enforcement
12.7 Healthcare
12.8 Recreation
12.9 Education
12.10 Transportation & Warehousing
12.11 Other End Users (Hotel & Food Services and Constructions)

13. Biometric Systems Market, by Geography
13.1. Introduction
13.2. Asia-Pacific
13.2.1. China
13.2.2. Japan
13.2.3. India
13.2.4. Indonesia
13.2.5. Singapore
13.2.6. Vietnam
13.2.7. South Korea
13.2.8. Rest Of Asia-Pacific (RoAPAC)
13.3. North America
13.3.1. U.S.
13.3.2. Canada
13.4. Europe 179
13.4.1. U.K.
13.4.2. Germany
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Rest Of Europe (RoE)
13.5. Latin America
13.5.1. Mexico
13.5.2. Brazil
13.5.3. Rest of Latin America (RoLATAM)
13.6. Middle East & Africa

14. Competitive Landscape
14.1. Introduction
14.2. Key Growth Strategies
14.2.1. Market Differentiators
14.2.2. Synergy Analysis: Major Deals & Strategic Alliances
14.3. Competitive Dashboard
14.3.1. Industry Leaders
14.3.2. Market Differentiator
14.3.3. Vanguards
14.3.4. Emerging Companies
14.4. Vendor Market Positioning
14.5. Market Share Analysis, By Key Player (2021)
14.5.1. NEC Corporation (Japan)
14.5.2. Thales Group (France)
14.5.3. Hid Global Corporation (U.S.)
14.5.4. Fujitsu Limited (Japan)

15. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
15.1 NEC Corporation
15.2 Fujitsu Limited
15.3 Integrated Biometrics, LLC
15.4 Thales Group
15.5 Iris ID, Inc.
15.6 Suprema, Inc.
15.7 HID Global Corporation
15.8 CardLogix Corporation
15.9 Precise Biometrics
15.10 Aware Inc.
15.11 Daon, Inc.
15.12 M2SYS Technology
15.13 BIO-key International
15.14. Cognitec Systems GmbH
15.15. BioRugged
15.16. DERMALOG Identification Systems GmbH
15.17. IDEMIA
15.18. ImageWare Systems, Inc.
15.19 Aratek Biometric

16. Appendix
16.1 Questionnaire
16.2 Available Customization

Report Title: Biometric Systems Market by Offering, Biometrics Type (Fingerprint Recognition, Voice Recognition), Contact Type, Authentication Type, Platform, Application, End User (Government, Military & Law Enforcement, and Others)– Global Forecast to 2029


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