Biometrics System Market Latest Trends, Demand And Analysis 2024

The Global Biometric System Market is estimated to reach USD 66.4 Billion in 2024 at a CAGR of 15.6%. Increasing adoption of creating biometric identities of citizens is expected to drive the biometric system market during the forecast period. However, high implementation and maintenance cost is expected to restrain the market during the forecast period. Ear shape thermography based biometric system is expected to become an opportunity for biometric system market.

Biometric systemic one of the most prominent system in terms of identifying and authenticating the individuals in very short period. Biometric systems depend on particular data about unique biological traits in order to work effectively. Contrary to passwords biometric data cannot be exchanged or forged. Some key players in Biometric System are NEC Corporation, Gemalto NV, ASSA Abloy AB, id3 Technologies, and Idemia, among others.

Biometrics System Market Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global biometric system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into unimodal and multimodal. By biometric sensor, the biometric system market is segmented into physiological and behavioral. By component, biometric system market is segmented into hardware and software. By end use industry, biometric system market is segmented into law enforcement and public security, military and defense, civil identification, healthcare and subsidies, corporate, and commercial applications.

Is Something Restraining Your Company’s Growth in The Global Market? Ask for The Report Sample PDF Here

Biometrics System Market Report Scope

The report on the biometric system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Companies Covered

• NEC Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Gemalto NV
• ASSA Abloy AB
• id3 Technologies
• IDEMIA
• Aware, Inc.
• Innovatrics
• Stanley Black & Decker, Inc.
• Precise Biometrics
• Other Key Companies

Biometric System Market report segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Biometric System Market by Type

• Unimodal
• Multimodal

Biometric System Market, by Biometric Sensor

Physiological

• Fingerprint Recognition
• Face Recognition
• Iris Recognition
• DNA Matching
• Vein Pattern Recognition

Behavioural

• Voice Recognition
• Signature Recognition

Biometric System Market by Component

Hardware

• Readers
• Scanners
• Cameras

Software

• Cloud Base
• Software Development Kit (SDK)

Biometric System Market by End Use Industry

• Law Enforcement and Public Security
• Military and Defense
• Civil Identification
• Healthcare and Subsidies
• Corporate
• Commercial Applications

Biometric System Market by Region

Asia-Pacific

• China
• Japan
• South Korea
• India
• Taiwan
• Rest of Asia-Pacific

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• UK
• Spain
• The Netherlands
• Rest of Europe

Middle East and Africa

• Saudi Arabia
• UAE
• Rest of Middle East & Africa

South America

• Brazil
• Argentina
• Rest of South America

Key Questions answered by the report

• What are the major developments impacting the biometric system market and its growth?
• What will be the effects of the developments in the biometric system market on the industry and on the market players in the near and far future?
• What are the evolving types of the biometric system market?
• What are the evolving applications of biometric system market?
• What are the major characteristics that will affect the biometric system market growth during the study period?
• Who are the key players operating in the biometric system market?
• How are the major players leveraging in the existing market conditions?

Report Audience

• Biometric System Market Providers
• Biometric System Market Solution and Services Suppliers, Distributors and Dealers
• End-Users of Varied Segments of Biometric System Market
• Government Bodies and Intellectual Institutions
• Associations and Industrial Organizations
• Research & Consulting Service Providers
• Research & Development Organizations
• Investment Banks & Private Equity Firms

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1. Increasing Adoption of Creating Biometric Identities of Citizens

4.2.2. Corporates Leveraging Biometric Identification

4.3 Restraints

4.3.1. High Implementation and Maintenance Cost

4.4 Opportunities

4.4.1. Ear Shape Thermography based Biometric System

4.5 Challenges

4.5.1. Technical Complexity

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

6 GLOBAL BIOMETRIC SYSTEM MARKET BY TYPE, Market Size in USD Million (2017—2024)

6.1 Introduction

6.2 Unimodal

6.3 Multimodal

7 GLOBAL BIOMETRIC SYSTEM MARKET BY BIOMETRIC SENSOR, Market Size in USD Million (2017—2024)

7.1 Introduction

7.2 Physiological

7.2.1 Fingerprint Recognition

7.2.2 Face Recognition

7.2.3 Iris Recognition

7.2.4 DNA Matching

7.2.5 Vein Pattern Recognition

7.3 Behavioral

7.3.1 Voice Recognition

7.3.2 Signature Recognition

8 GLOBAL BIOMETRIC SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2017—2024)

8.1 Introduction

8.2 Hardware

8.2.1 Readers

8.2.2 Scanners

8.2.3 Cameras

8.3 Software

8.3.1 Cloud Base

8.3.2 Software Development Kit (SDK)

9 GLOBAL BIOMETRIC SYSTEM MARKET BY END USE INDUSTRY, Market Size in USD Million (2017—2024)

9.1 Introduction

9.2 Law Enforcement and Public Security

9.3 Military and Defense

9.4 Civil Identification

9.5 Healthcare and Subsidies

9.6 Corporate

9.7 Commercial Applications

10 GLOBAL BIOMETRIC SYSTEM MARKET BY REGION, Market Size in USD Million (2017—2024)

10.1 North America

10.1.1 US

10.1.2 Canada

10.1.3 Mexico

10.2 Europe

10.2.1 Germany

10.2.2 France

10.2.3 Italy

10.2.4 UK

10.2.5 Spain

10.2.6 The Netherlands

10.2.7 Rest of Europe

10.3 Asia-Pacific

10.3.1 China

10.3.2 Japan

10.3.3 India

10.3.4 South Korea

10.3.5 Taiwan

10.3.6 Rest of Asia-Pacific

10.4 Middle East

10.4.1 Saudi Arabia

10.4.2 UAE

10.4.3 Rest of Middle East

10.5 South America

10.5.1 Brazil

10.5.2 Argentina

10.5.3 Rest of South America

11 COMPETITIVE LANDSCAPE

11.1 Introduction

11.2 Market Ranking/Share Analysis of Key Companies

11.3 Company Benchmarking

12 COMPANY PROFILES

12.1 NEC Corporation

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Products/Solutions/Services Offered

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Gemalto NV

12.3 ASSA Abloy AB

12.4 id3 Technologies

12.5 IDEMIA

12.6 Aware, Inc.

12.7 Innovatrics

12.8 Stanley Black & Decker, Inc.

12.9 Precise Biometrics

12.10 Safran

12.11 Other Key Companies

13 APPENDIX

13.1 Key Industry Expert Insights

13.2 Primary Discussion Guide

13.3 Customization Options

Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/biometrics-system-market-purchase-now/

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their "REVENUES".

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com