Asia Pacific Biometrics Market to Reach US$ 19.7 Billion by 2027 | CAGR of 17.6%

According to the latest IMARC Group's research report, titled "Asia Pacific Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The Asia Pacific biometrics market size reached US$ 7.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2027, exhibiting a growth rate (CAGR) of 17.6% during 2022-2027.

Asia Pacific Biometrics Industry Outlook:

Biometrics refers to the process of authenticating and recognizing a user's unique behavioral and physical traits utilizing an electronic device. They involve the usage of automated techniques in which human involvement is lessened to the minimum to recognize and confirm an individual's identity based on their distinctive features, such as iris and voice recognition, fingerprints, and facial pictures. They are secure and convenient systems that are widely utilized in workplaces to streamline numerous processes, such as user authentication, employee identification, and logical and physical access control while safeguarding cloud communication. Additionally, they aid human resource (HR) personnel in reducing the cost and time associated with employee attendance systems and making management processes more systematic.

Get a Sample Copy of Report at- https://www.imarcgroup.com/asia-pacific-biometrics-market/requestsample

Asia Pacific Biometrics Market Trends:

The market in Asia Pacific is primarily driven by the growing demand for highly efficient security systems. Moreover, the widespread utilization of facial recognition technology by various industries and the adoption of voice biometrics solutions by several leading call centers to enhance interactive voice response (IVR) are fuelling the market.

Furthermore, the increasing integration of machine learning (ML) and artificial intelligence (AI) in biometric systems is significantly supporting the demand across the region. Besides this, the introduction of multimodal biometrics that utilizes physiological characteristics and multiple behaviors for authentication that assist in enhancing security performance and recognition is impacting the market favorably. Other factors , such as the rising popularity of biometrics in the retail and e-commerce industries, and government and private sectors and extensive research and development (R&D) activities, are positively influencing the market across the Asia Pacific.

Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/asia-pacific-biometrics-market

Key Market Segmentation:

Breakup by Technology:

• Face Recognition
• Hand Geometry
• Voice Recognition
• Signature Recognition
• Iris Recognition
• AFIS
• Non-AFIS
• Others

Breakup by Functionality:

• Contact
• Non-contact
• Combined

Breakup by Component:

• Hardware
• Software

Breakup by Authentication:

• Single-Factor Authentication
• Multifactor Authentication

Breakup by End User:

• Government
• Defense Services
• Banking and Finance
• Consumer Electronics
• Healthcare
• Commercial Safety and Security
• Transport/Visa/Logistics
• Others

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.