Biometrics Technologies Market Would Grow Significant CAGR by 2027 | COVID19 Impact Analysis | Key Players: Aware, BIO-key, IDEMIA, ImageWare Systems

According to the new research report published by The Insight Partners, titled “Biometrics Technologies Market - Global Analysis and Forecast to 2027”, the global biometrics technologies market is expected to reach US$ 27.66 Bn by 2027, registering a CAGR of 16.4% during the forecast period 2019-2027.

With the increasing trend of digitization across industries, the demand for data security and safety among consumers as well as enterprises is growing at an unprecedented rate. This trend is further augmented by the rising number of smart and mobile devices in both consumer and enterprise market. The demand for enhanced security solutions equipped with new technology tools is rising due to various advantages offered by these solutions over traditional access controls.

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The Global Biometrics Technologies Market is anticipated to rise at a considerable rate over the estimated period between 2020 and 2027. The Global Biometrics Technologies Market Industry Research Report is an exhaustive study and a detailed examination of the recent scenario of the Global Biometrics Technologies industry.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Biometrics Technologies market. The researcher provides an extensive analysis of the Biometrics Technologies market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Major Key Players Covered In This Report: Aware, Inc., BIO-key International, Inc., IDEMIA, ImageWare Systems, Inc., Fujitsu Limited, Gemalto NV, Precise Biometrics AB, NEC Corporation, Suprema Inc., and Secunet Security Networks AG among others.

Presently, fingerprint and facial recognition are two of most popular biometric applications in the consumer and enterprise segments and other applications such as iris scan are also expected to register high growth in the future digital world. Both private, as well as government organizations, are widely investing in biometrics for a number of applications including attendance, access control, timekeeping, security, and verification, among others. There are countries such as India that are using biometrics such as fingerprint and retina scan as national ID for its citizens.

GLOBAL BIOMETRICS TECHNOLOGIES MARKET – MARKET SEGMENTATION

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

Global Biometrics Technologies Market by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Biometrics Technologies market.

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This release was published on openPR.