Biometrics and Identity Market Study Offering Outlook, Industry Analysis and Prospect 2022 to 2027

The Global Biometrics and Identity Market report offers a comprehensive evaluation of the market. It does give in-depth analysis via qualitative insights, historic data, and supportable projections about market size. The predictions included in the report have been derived using confirmed research methodologies and assumptions. The report contains detailed analysis of Biometrics and Identity market growth, segmentation, regional and country breakdowns. It can provide a detailed study of the drivers, expansion policies, SWOT analysis and Covid-19 impact and growing recovery. This research will give a clear and precise idea about the overall market to the readers to take valuable decisions.

The Global Biometrics and Identity market is expected to register a CAGR of 15.6% from 2022 to 2027.

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Top Leading Companies of Global Biometrics and Identity Market: - Thales Group, Safran, NEC, ASSA Abloy, Fujitsu, Precise Biometrics, Secunet Security Networks, Stanley Black & Decker, Aware, Cognitec Systems, Daon, Vein Recognition Identificationbanx, Bio-Key International, M2sys Technology, Suprima, Fulcrum Biometrics, OneSpan, Qualcomm Incorporated, Integrated Biometrics

Recent Developments:

Thales has acquired 14 companies, including 4 in the last 5 years. It has also divested 7 assets.

Thales’ largest acquisition to date was in 2014, when it acquired LiveTV for $400M. It’s largest disclosed sale occurred in 2021, when it sold Thales’s Ground Transportation Systems to Hitachi for $1.9B. Thales has acquired in 5 different US states, and 6 countries. The Company’s most targeted sectors include aerospace (22%) and electrical equipment (22%).

Market Overview:

Consumer biometric applications have expanded rapidly over the recent years, with the increased adoption of mobile devices. The consumer electronics sector is dominated majorly by security and access control devices, owing to the adoption of biometric systems. Thus, it is supporting the growth of the market. For instance, WhatsApp, a popular messaging app, launched an additional privacy measure on the Android platform. The company claims that users will soon be able to secure their accounts in the form of biometric authentication through fingerprint sensors.

On The Basis of Types: –

Fingerprint Identification

Iris Recognition

Facial Recognition

Vein Recognition

Others

On The Basis of Application: –

Logistics

Chemical Industry

BFSI

Government

Travel & Hospitality

Others

The Regions are further sub-divided into:

Asia Pacific is Expected to be the Fastest Growing Market

Increasing mobile payment transactions coupled with increasing private corporations and government initiatives towards adopting biometric authentication systems are expected to be the major drivers for the biometrics market in the region. According to the Center for Strategic & International Studies Report (CSIS) 2021, China is at the forefront of the global digital payment revolution.
North America: US, Mexico, Canada
Europe: Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg
Asia-Pacific: China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore
South America: Brazil, Argentina, Peru, Chile
Middle East and Africa: Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa

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Target audience of Biometrics and Identity Market:

– Manufacturers of Biometrics and Identity

– providers and dealers of Biometrics and Identity Market

– Biometrics and Identity industry associations

– Market studies and consulting companies

Highlights from the table of contents:

Overview: The following section gives an overview of the report to give an indication of the type and content of the study, in addition to providing an overview of the Biometrics and Identity
Market Dynamics: This chapter provides an in-depth analysis of the major market drivers, restraints, challenges, trends, and opportunities.
Product Segments: This part of the report shows market growth for various types of products from leading companies.
Application Segments: The report's analysts thoroughly evaluated the business potential of key applications and identified future opportunities.
Geographic segments: Each regional market is carefully looked at to understand its present and future growth scenarios.

In addition, the Biometrics and Identity Market also provides a comprehensive overview of market opportunities by end user segment, product segment, sales channel, major countries, and import and export dynamics. The study includes market segmentation by product type, application, and geographic region. Other factors in the report include industry shares, market strategies, competitive analysis of the major industry players, import and export conditions, and supply and demand situations.

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