With CAGR of 14.9%, GCC Biometrics Market to Reach US$ 715.5 Million by 2027

The latest research study by IMARC Group "GCC Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The GCC biometrics market size reached US$ 310 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 715.5 Million by 2027, exhibiting a growth rate (CAGR) of 14.9% during 2022-2027.

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GCC Biometrics Market Outlook:

Biometrics is a process widely utilized for the recognition, identification, and authentication of users based on their identifiers, including physical or behavioral characteristics. They include fingerprints, hand geometry, palm prints, palm veins, iris, face, DNA, typing patterns, signature and voice recognition. They are used to compare an individual's identifiers with their biometric template that is already stored in the database, offering access to devices, data, or systems. They employ automated techniques, which require minimum human intervention to identify and confirm the user's identity. Due to the reliability, efficiency, and accuracy of biometrics technology, there has been considerable growth in their demand from educational institutions and private, and public facilities. Some of the commonly used biometrics include optical, ultrasonic, capacitive, and optical systems.

GCC Biometrics Market Demand:

The escalating demand for biometrics from the industrial sector majorly drives the market in the GCC region. Additionally, the rising deployment of biometrics for securing sensitive data from fraud attacks in the banking, financial services, and insurance (BFSI) sector is a major driving factor. Apart from this, the extensive application of biometrics in the defense and military sector due to growing security concerns are also significantly supporting the market.

With the increasing need for authentication and identification solutions to facilitate access control in sensitive departments and establish an indisputable audit trail, there has been a considerable rise in the demand for biometrics across the region. Moreover, the elevating popularity of cloud-based biometric systems in the education and training sector, along with the advent of biometric-as-a-service, is creating a positive market outlook.

Browse Full Report With TOC: https://www.imarcgroup.com/gcc-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:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Competitive Landscape:

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

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