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Biometric Authentication & Identification Market Size, Share, Growth, Trends, Industry Forecast | Valuates Reports

08-04-2021 04:27 AM CET | IT, New Media & Software

Press release from: Valuates Reports

Biometric Authentication & Identification Market Size, Share,

The global Biometric Authentication & Identification Market size is projected to reach USD 62850 Million by 2026, from USD 30510 Million in 2020, at a CAGR of 12.8% during 2021-2026.

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Biometric authentication is the process of comparing data for the person's characteristics to that person's biometric "template" in order to determine resemblance. The reference model is first store in a database or a secure portable element like a smart card. The data stored is then compared to the person's biometric data to be authenticated. Here it is the person's identity which is being verified.

Biometric identification consists of determining the identity of a person. The aim is to capture an item of biometric data from this person. It can be a photo of their face, a record of their voice, or an image of their fingerprint. This data is then compared to the biometric data of several other persons kept in a database.

Growing Popularity of Wearable Technology, Increasing Adoption of E-Commerce Services, Provision of Second/Third Level of Security Using Multimodal Biometric Authentication Systems, Increasing Government Support through Organizations such as DHS (Homeland Security), Increasing Adoption of Biometric Authentication in Banking And Healthcare Sector (E-Banking And Mobile Payments) and Increased Security & Convenience for Consumers.

Global Biometric Authentication & Identification Scope and Market Size

Biometric Authentication & Identification market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Biometric Authentication & Identification market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Segment by Type, the Biometric Authentication & Identification market is segmented into
by Technology
• Fingerprint Recognition
• Palm Geometry Recognition
• Iris Recognition
• Retina Recognition
• Face Recognition
• Signature Recognition
• Voice Recognition

by Product Type
• Hardware
• Software

Segment by Application, the Biometric Authentication & Identification market is segmented into
• Government
• Military and Defense
• Healthcare
• Banking and Finance
• Consumer Electronics
• Security
• Travel and Immigration
• Automotive
• Utility, Industrial, and Entertainment

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Similar Reports:

1. Biometric technology market:

2. Gesture recognition market:

3. Biometrics as a service market:

4. Biometric fingerprint digital lock market:

5. Biometrics market:

6. Face recognition market:

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