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Global Biometric System Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A biometric system is a digital technique of verification that uses a person's unique physical traits to confirm or authenticate their identity. To verify a user's identity, this system analyses their distinct biometric features, including their voice, iris, face, and fingerprint pattern.
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By geography, The Asia Pacific region is predicted to have the highest CAGR in the biometrics system market, due to increasing mobile payment transactions, rising private enterprises, and rising government initiatives to adopt biometric authentication systems. On the other hand, the rising demand for biometric authentication systems from a variety of end-users, such as the retail, gaming, banking, and financial sectors, hospitals, etc., is having a big impact on the expansion of the market in the region. Moreover, customers can also connect their face and palm vein recognition data using the smartphone application's multi-biometric authentication technology.
Some of the key players in Biometric System market include NEC Corporation , Aware Inc., Leidos Holdings Inc., ImageWare Systems Inc., Fujitsu Limited, BioEnable Technologies Pvt. Ltd, Gemalto NV (Thales Group), Nuance Communications Inc., S.I.C. Biometrics Global Inc., IDEMIA France SAS, Cognitec Systems GmbH, M2SYS Technology, BioID AG, Assa Abloy AB, Phonexia SRO, Hitachi Corporation, Fulcrum Biometric Inc., Bio key international, HID Global Corporation, Precise Biometric, Qualcomm Technology, Dreamlog Identification System Inc. and Daon Inc.
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