Biometrics Technologies Market by Technology, By Product, Growth & Geography – Analysis & Forecast to 2027 - Aware, BIO-key,Fujitsu, Gemalto, NV IDEMIA

Biometrics technologies market in global is expected to grow from US$ 14.60 Bn in 2018 to US$ 55.42 Bn by the year 2027. This represents a CAGR of 16.2% from the year 2019 to 2027.

According to a new market research study titled ‘Biometrics Technologies Market to 2027 - Global Analysis and Forecasts by Retail Type (Pre-Boarding and Post-Boarding); Shopping Type (Accessories, Alcohol, Beauty Products, Merchandise, and Others); Carrier Type (Full Service Carrier and Low Cost Carrier) – Global Analysis and Forecast”, explains the report, explaining the main factors of this growth and highlighting the main market players and their evolution. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The analysis of the global Biometrics Technologies market to 2027 is an in-depth study of the Biometrics Technologies industry, focusing on global market trends. The report aims to provide an overview of the global Biometrics Technologies market with detailed market segmentation by product / application and by region. The global PBiometrics Technologies market is expected to experience strong growth over the forecast period.

Companies Mentioned

- Aware Inc.
- BIO-key International, Inc.
- Fujitsu Limited
- Gemalto NV
- IDEMIA
- ImageWare Systems, Inc.
- NEC Corporation
- Precise Biometrics AB
- Suprema Inc.
- Secunet Security Networks AG

The report presents the current market analysis scenario, future and future opportunities, revenue growth, prices and profitability. The proprietary data in this report is collected by Insight Partner’s dedicated research and analysis team of experienced professionals with advanced statistical expertise and various customization options in the existing study.

North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. In 2018, Asia Pacific held the leadership position in the global biometrics technologies market with more than 30% share of the overall biometrics technologies market. Europe and North America held the second and third position in terms of biometrics technologies revenue.

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Biometrics identification technologies are being used in airports to verify the identity of passengers and staff. Presently more than 800 million biometric passports are in circulation worldwide. In hospitals, various types of biometric technologies such as fingerprint, face recognition, palm recognition, and iris recognition are being used to identify patients, staff, custom access control, and other such applications. In the past decade, with increasing penetration of mobile biometrics in devices such as smartphones, tablets, etc., the demand for biometrics technologies is growing at an impressive rate owing to the enhanced security and convenience offered by these technologies.

Biometric technologies are being widely accepted for identification and authentication purposes in various industries, and this trend is expected to continue further with increasing technological advancements in existing biometric technologies and development of new biometric methods. All these factors are expected to drive the global biometrics technologies market during the forecast period of 2019 to 2027.

Global Biometrics Technologies Market by Technology

- Fingerprint Recognition
- Palm Recognition
- Face Recognition
- Iris Recognition
- Voice Recognition
- Others

Global Biometrics Technologies Market by Application

- Banking and Finance
- Government
- Healthcare
- Military & Defense
- Consumer Electronics
- Others

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Reason to Buy:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Biometrics Technologies Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Biometrics Technologies Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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