Published : 3 years ago, on 13/09/2021

According to the latest report by IMARC Group, titled “Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global biometrics market size reached a value of US$ 23.5 Billion in 2020. Biometrics refers to a technological authentication method which is utilized in information assurance (IA) for secure entry, data or access. It primarily relies on scanning their physical or biological characteristics, such as the face, DNA, fingerprint, iris, retina, palm and palm veins, which are difficult to forge or duplicate. It helps to provide more accurate identification and lower the risk of unwanted intrusion. As a result, industry technologies are widely used in schools, colleges, banks, public libraries, corporate and government offices, and consumer electronics including smartphones and tablets.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Biometrics Market Trends:

Owing to the affordability and easy usage of biometrics technologies, they have gained acceptance across the globe. For instance, biometric security systems are considered relatively more convenient for employees and other personnel in the corporate sector as they do not involve memorizing passwords or carrying an identification card at all times. Apart from this, several smartphone manufacturers are incorporating fingerprint scanners in their devices to enhance the overall user experience. This has also encouraged several banking organizations to utilize these systems for securing users from fraudulent activities while using online banking services or making transactions on e-commerce websites via their mobile devices. Furthermore, these technologies are being used in various government organizations, especially in the e-passport and e-visa programs. Looking forward, IMARC Group expects the global biometrics market to exhibit strong growth during 2021-2026.

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Key Market Segmentation:

Competitive Landscape:

• Accu-Time Systems Inc.
• BIO-Key International Inc
• Cognitec Systems
• GmbH, Fujitsu Limited
• 3M Cogent Inc.
• IDTECK
• NEC Corporation
• Siemens AG
• RCG Holdings Ltd.
• Suprema Inc.
• Lumidigm Inc.
• IrisGuard Inc.
• Daon, Inc.
• Digital Persona Inc.
• Morpho SA (Safran).

Breakup by Technology:

• Face Recognition
• Hand Geometry
• Voice Recognition
• Signature recognition
• Iris recognition
• AFIS
• Non-AFIS
• Others

Breakup by Functionality:

• Contact
• Non-contact
• Combined

Breakup by Authentication:

• Single-Factor Authentication
• Multifactor Authentication

Breakup by Component:

• Hardware
• Software

Breakup by End-User:

• Government
• Defense Services
• Banking and Finance
• Consumer Electronics
• Healthcare
• Commercial Safety and Security
• Transport/Visa/Logistics
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
• Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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