Press release
Biometrics Market In 2022-2026 Including Top Key Players, Trends And Emerging Growth Factors
The Biometrics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Biometrics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Biometrics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Biometrics market.The Biometrics Market was valued at USD 27.92 billion in 2020, and it is projected to be worth USD 62.9 billion by 2026 while registering a CAGR of 14.59% during the period of 2021-2026.
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Top Leading Companies of Biometrics Market are - Gemalto NV (Thales Group), Leidos Holdings Inc., NEC Corporation, M2SYS Technology, BioEnable Technologies Pvt. Ltd., SmilePass, ImageWare Systems Inc., S.I.C. Biometrics Inc., IriTech Inc., IriTech Inc., Nuance Communications Inc., IDEMIA France SAS, Fulcrum Biometrics LLC, BioID Technology, Fujitsu Limited, Phonexia SRO, Assa Abloy AB, Cognitec Systems GmbH, Secunet Security Networks, VoiceVault Inc., Neurotechnology, Precise Biometrics AB and others.
Industry News and Updates:
- October 2019 - Google Pay added biometrics for digital payments. The feature can be seen in the latest 2.100 version of the app and allows users to protect their online transactions using fingerprint and facial recognition features.
- October 2019 - The first biometric fingerprint credit card was issued by a UK bank which began its three-month national trial in October. NatWest is a piloting biometric fingerprint technology with 150 customers, in partnership with Mastercard and Gemalto, a Thales Company.
Key Market Trends:
Facial Recognition Technology Expected to Grow Significantly
- Facial recognition has been gaining prominence in recent times, owing to the benefits it offers over traditional surveillance techniques, like biometrics. The governments across the world have been investing significant resources in facial recognition technology, among which, the United States and China are leading adopters.
- Brisbane Airport is conducting trials to implement facial recognition services from check-in to boarding. This is expected to be launched in all airports in Australia by the end of 2019. Additionally, Narita International Airport, Tokyo, announced that its passengers are likely to be able to board flights with facial biometrics instead of a passport or boarding pass check, starting in spring 2020.
North America Expected to Dominate the Market
- North America is expected to hold a prominent share in the biometrics market. The region offers lucrative opportunities for market growth, exhibiting a massive demand for biometrics authentication technology from various end-user industries, such as government, healthcare, BFSI, and others.
- Rising incidences of terrorist attacks in recent years have compelled the government of the region to implement robust physical security strategies. The biggest facial recognition surveillance system in the country is operated by the FBI.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Biometrics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Biometrics Market (%),2016 - 2026
- Biometrics Market Share, By Brand
- Biometrics Market Share, By Company
- Biometrics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Biometrics Market Value Analysis & Forecast
- Promising Biometrics Development by Major Companies
- Detailed Biometrics Portfolio of the Major Companies
- Major Deals in the Biometrics Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592946/biometrics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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