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Biometric Technologies Market 2023: Outlook, Demand Factor, Growth Rate, And Forecast To 2032
Biometric Technologies Market
Biometric Technologies Market Size, Growth Rate, And Forecast
The global biometric technologies market size is expected to grow from $46.38 billion in 2022 to $52.85 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The global biometric technologies market size is expected to grow to $87.16 billion in 2027 at a CAGR of 13.3%.
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Biometric Technologies Market Drivers
The growing adoption of biometric technologies in consumer electronics is expected to boost the growth of the biometric technology market. Biometrics-based consumer electronic devices are standalone products that include mobile devices, security systems, access control door locks, automotive, home automation, the internet of things (IoT), and game consoles. The consumer electronics are increasingly incorporating biometric technology for safety and additional features.
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Biometric Technologies Market Segments
• By Type: Contact-Based, Contact-Less, Hybrid
• By Offering: Hardware, Software
• By Authentication Type: Single-Factor Authentication, Multi-Factor Authentication
• By Application: Face, Hand Geometry, Voice, Signature, Iris, Automated Fingerprint Identification System (AFIS), Non-Automated Fingerprint Identification System (AFIS), Other Applications
• By Vertical: Government, Consumer Electronics, Military and Defense, Healthcare, Banking and Finance, Travel and Immigration, Automotive, Security, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Biometric technologies market.
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Biometric Technologies Market Key Players
Major competitors in the Biometric technologies market include Fujitsu Frontech Limited, Imageware Systems Inc., Suprema HQ Inc., IDEMIA, Secunet Security Networks AG, Thales S.A., BIO-key International, NEC Corporation, Precise Biometrics, Aware Inc., Cognitec Systems GmbH, Daon Inc., M2SYS Technology, 3M Company, DERMALOG Identification Systems GmbH, Assa Abloy AB, Fulcrum Biometrics LLC, Facebanx Ltd., and Integrated Biometrics LLC.
The Business Research Company's "Global Biometric Technologies Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Biometric Technologies Market Include:
1. Executive Summary
2. Biometric Technologies Market Characteristics
3. Biometric Technologies Market Trends And Strategies
4. Biometric Technologies Market - Macro Economic Scenario
5. Biometric Technologies Market Size And Growth
……
26. Africa Biometric Technologies Market
27. Biometric Technologies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biometric Technologies Market
29. Biometric Technologies Market Future Outlook And Potential Analysis
30. Appendix
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