Press release
Global Biometrics Market is Forecast to Reach a Value of USD 136 Billion By 2030 with a Growing CAGR of 14% | Infinium Global Research
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/734
Market Dynamics and Growth Projection
The global biometrics market, valued at over USD 35 billion in 2022, is anticipated to soar to approximately USD 136 billion by 2030, showcasing a robust CAGR exceeding 14% during the forecast period of 2023-2030. The report meticulously dissects the drivers, restraints, and macro indicators influencing the short and long-term trajectories of this market.
Revolutionizing Security Through Biometric Technology
Biometric technology, characterized by sensors and algorithms capturing and analyzing biometric data, has revolutionized identity authentication. Applications span across access control systems, law enforcement, border control, e-commerce, and healthcare, offering a more secure and reliable method of verifying identities compared to traditional means like passwords or PINs.
The technology's integration across various domains addresses global concerns about safety, privacy, and security, offering both convenience and peace of mind. Its pivotal role in enhancing national security is evident, with widespread adoption in banking, financial services, e-commerce, and healthcare for robust identity verification.
Market Drivers and Challenges
The market's growth is propelled by the escalating adoption of digital technologies, necessitating secure authentication methods. Biometric solutions, including fingerprint recognition, facial recognition, and iris scanning, provide unparalleled accuracy and reliability in identity verification. Additionally, the increasing demand for highly efficient security systems across industries drives the market further, addressing evolving threats and offering enhanced protection.
However, challenges such as implementation costs, especially for small and medium-sized enterprises, and concerns regarding data security could impede market growth. Yet, the proliferation of smartphones and mobile devices presents lucrative opportunities for integrating biometric technology into these devices for authentication and security purposes.
Regional Insights
The global biometrics market spans North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominates due to key players, substantial R&D investments, and growing demand across sectors like government, healthcare, and financial services. Europe experiences growth driven by increased government spending on security, with rising demands in industries such as banking, finance, retail, and transportation. The Asia Pacific region is poised for remarkable growth due to widespread adoption across industries and increased government investments in security measures against cybercrime and terrorism.
Market Segmentation
The report provides a comprehensive understanding of the market through segments like components (hardware, software), applications (identification, access control, security), technologies (face recognition, voice recognition), and end-uses (government, BFSI, medical, defense).
Key Players
Profiles of major industry players including HID Global Corporation, Thales, NEC Corporation, BIO-key International, Suprema Inc, and others offer insights into their strategies and contributions to the market.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/market-reports/customization/734
Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Biometrics Market Highlights
2.2. Biometrics Market Projection
2.3. Biometrics Market Regional Highlights
Chapter 3. Global Biometrics Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Component
3.4.2. IGR-Growth Matrix Analysis by Application
3.4.3. IGR-Growth Matrix Analysis by Technology
3.4.4. IGR-Growth Matrix Analysis by End-use
3.4.5. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Biometrics Market
Chapter 4. Biometrics Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Biometrics Market
5.2. Companies Profiles
5.2.1. HID Global Corporation
5.2.2. Thales
5.2.3. M2SYS Technology
5.2.4. NEC Corporation
5.2.5. Leidos
5.2.6. BIO-key International
5.2.7. Suprema Inc
5.2.8. TOUCHLESS BIOMETRIC SYSTEMS
5.2.9. Aware, Inc.
5.2.10. Cognitec Systems GmbH
Chapter 6. Global Biometrics Market by Component
6.1. Hardware
6.2. Software
Chapter 7. Global Biometrics Market by Application
7.1. Identification and Access Control
7.2. Security and Surveillance
7.3. Payments
7.4. Image Database Investigation
7.5. Others
Chapter 8. Global Biometrics Market by Technology
8.1. Face Recognition
8.2. Hand Geometry
8.3. Voice Recognition
8.4. Signature Recognition
8.5. Others
Chapter 9. Global Biometrics Market by End-use
9.1. Government
9.2. BFSI
9.3. Buildings
9.4. Medical and Research Labs
9.5. Defense and Security
9.6. Others
Chapter 10. Global Biometrics Market by Region 2023-2030
10.1. North America
10.1.1. North America Biometrics Market by Component
10.1.2. North America Biometrics Market by Application
10.1.3. North America Biometrics Market by Technology
10.1.4. North America Biometrics Market by End-use
10.1.5. North America Biometrics Market by Country
10.1.5.1. The U.S. Biometrics Market
10.1.5.1.1. The U.S. Biometrics Market by Component
10.1.5.1.2. The U.S. Biometrics Market by Application
10.1.5.1.3. The U.S. Biometrics Market by Technology
10.1.5.1.4. The U.S. Biometrics Market by End-use
10.1.5.2. Canada Biometrics Market
10.1.5.2.1. Canada Biometrics Market by Component
10.1.5.2.2. Canada Biometrics Market by Application
10.1.5.2.3. Canada Biometrics Market by Technology
10.1.5.2.4. Canada Biometrics Market by End-use
10.1.5.3. Mexico Biometrics Market
10.1.5.3.1. Mexico Biometrics Market by Component
10.1.5.3.2. Mexico Biometrics Market by Application
10.1.5.3.3. Mexico Biometrics Market by Technology
10.1.5.3.4. Mexico Biometrics Market by End-use
10.2. Europe
10.2.1. Europe Biometrics Market by Component
10.2.2. Europe Biometrics Market by Application
10.2.3. Europe Biometrics Market by Technology
10.2.4. Europe Biometrics Market by End-use
10.2.5. Europe Biometrics Market by Country
10.2.5.1. Germany Biometrics Market
10.2.5.1.1. Germany Biometrics Market by Component
10.2.5.1.2. Germany Biometrics Market by Application
10.2.5.1.3. Germany Biometrics Market by Technology
10.2.5.1.4. Germany Biometrics Market by End-use
10.2.5.2. United Kingdom Biometrics Market
10.2.5.2.1. United Kingdom Biometrics Market by Component
10.2.5.2.2. United Kingdom Biometrics Market by Application
10.2.5.2.3. United Kingdom Biometrics Market by Technology
10.2.5.2.4. United Kingdom Biometrics Market by End-use
10.2.5.3. France Biometrics Market
10.2.5.3.1. France Biometrics Market by Component
10.2.5.3.2. France Biometrics Market by Application
10.2.5.3.3. France Biometrics Market by Technology
10.2.5.3.4. France Biometrics Market by End-use
10.2.5.4. Italy Biometrics Market
10.2.5.4.1. Italy Biometrics Market by Component
10.2.5.4.2. Italy Biometrics Market by Application
10.2.5.4.3. Italy Biometrics Market by Technology
10.2.5.4.4. Italy Biometrics Market by End-use
10.2.5.5. Rest of Europe Biometrics Market
10.2.5.5.1. Rest of Europe Biometrics Market by Component
10.2.5.5.2. Rest of Europe Biometrics Market by Application
10.2.5.5.3. Rest of Europe Biometrics Market by Technology
10.2.5.5.4. Rest of Europe Biometrics Market by End-use
10.3. Asia Pacific
10.3.1. Asia Pacific Biometrics Market by Component
10.3.2. Asia Pacific Biometrics Market by Application
10.3.3. Asia Pacific Biometrics Market by Technology
10.3.4. Asia Pacific Biometrics Market by End-use
10.3.5. Asia Pacific Biometrics Market by Country
10.3.5.1. China Biometrics Market
10.3.5.1.1. China Biometrics Market by Component
10.3.5.1.2. China Biometrics Market by Application
10.3.5.1.3. China Biometrics Market by Technology
10.3.5.1.4. China Biometrics Market by End-use
10.3.5.2. Japan Biometrics Market
10.3.5.2.1. Japan Biometrics Market by Component
10.3.5.2.2. Japan Biometrics Market by Application
10.3.5.2.3. Japan Biometrics Market by Technology
10.3.5.2.4. Japan Biometrics Market by End-use
10.3.5.3. India Biometrics Market
10.3.5.3.1. India Biometrics Market by Component
10.3.5.3.2. India Biometrics Market by Application
10.3.5.3.3. India Biometrics Market by Technology
10.3.5.3.4. India Biometrics Market by End-use
10.3.5.4. South Korea Biometrics Market
10.3.5.4.1. South Korea Biometrics Market by Component
10.3.5.4.2. South Korea Biometrics Market by Application
10.3.5.4.3. South Korea Biometrics Market by Technology
10.3.5.4.4. South Korea Biometrics Market by End-use
10.3.5.5. Australia Biometrics Market
10.3.5.5.1. Australia Biometrics Market by Component
10.3.5.5.2. Australia Biometrics Market by Application
10.3.5.5.3. Australia Biometrics Market by Technology
10.3.5.5.4. Australia Biometrics Market by End-use
10.3.5.6. Rest of Asia-Pacific Biometrics Market
10.3.5.6.1. Rest of Asia-Pacific Biometrics Market by Component
10.3.5.6.2. Rest of Asia-Pacific Biometrics Market by Application
10.3.5.6.3. Rest of Asia-Pacific Biometrics Market by Technology
10.3.5.6.4. Rest of Asia-Pacific Biometrics Market by End-use
10.4. RoW
10.4.1. RoW Biometrics Market by Component
10.4.2. RoW Biometrics Market by Application
10.4.3. RoW Biometrics Market by Technology
10.4.4. RoW Biometrics Market by End-use
10.4.5. RoW Biometrics Market by Sub-region
10.4.5.1. Latin America Biometrics Market
10.4.5.1.1. Latin America Biometrics Market by Component
10.4.5.1.2. Latin America Biometrics Market by Application
10.4.5.1.3. Latin America Biometrics Market by Technology
10.4.5.1.4. Latin America Biometrics Market by End-use
10.4.5.2. Middle East Biometrics Market
10.4.5.2.1. Middle East Biometrics Market by Component
10.4.5.2.2. Middle East Biometrics Market by Application
10.4.5.2.3. Middle East Biometrics Market by Technology
10.4.5.2.4. Middle East Biometrics Market by End-use
10.4.5.3. Africa Biometrics Market
10.4.5.3.1. Africa Biometrics Market by Component
10.4.5.3.2. Africa Biometrics Market by Application
10.4.5.3.3. Africa Biometrics Market by Technology
10.4.5.3.4. Africa Biometrics Market by End-use
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/734
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of Biometrics.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Biometrics Market is Forecast to Reach a Value of USD 136 Billion By 2030 with a Growing CAGR of 14% | Infinium Global Research here
News-ID: 3289817 • Views: …
More Releases from Infinium Global Research LLP
Infinium Global Research LLP Launches Comprehensive Service to Assist Foreign Co …
Pune, India - October 26, 2024 - Infinium Global Research LLP is excited to announce the launch of a dedicated service aimed at providing end-to-end support for foreign companies entering or expanding within the Indian market. With a strategic network of partnerships with top legal and consulting firms and increased presence across key Indian cities, Infinium is well-equipped to facilitate smooth market entry, operational setup, and business expansion for international…
Global Sterilization Services Market Size Worth USD 12.55 Billion By 2030 | CAGR …
Infinium Global Research, a leading provider of market intelligence, has recently launched an in-depth report on the Global Sterilization Services Market, offering comprehensive analysis and detailed insights into its segments and market trends.
The comprehensive study explores the impact of various factors such as drivers, restraints, and macro indicators on both the global and regional sterilization services market, providing crucial forecasts and dollar value projections.
To Know More Request a Sample of…
Global Proprotein Convertase Subtilisin/Kexin Type 9 Market is Projected to Surp …
Infinium Global Research introduces a detailed analysis of the global and regional Proprotein Convertase Subtilisin/Kexin Type 9 (PCSK9) market, providing an extensive study of its segments, trends, forecasts, and dollar values in their latest report. This comprehensive study empowers stakeholders in the pharmaceutical and healthcare sectors with invaluable insights into this burgeoning market.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/420
Market Insight:
The global Proprotein Convertase Subtilisin/Kexin Type 9 market,…
Global Neuromodulation Market is Anticipated to Reach USD 7.27 Billion and Growi …
Infinium Global Research, a pioneering market intelligence firm, introduces a comprehensive report delving into the Global Neuromodulation Market, providing extensive analysis and in-depth exploration of its segments, market trends, and projections.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/93
Market Insight:
The global neuromodulation market, valued at USD 3.51 Billion in 2022, is poised to ascend to USD 7.27 Billion by 2030, exhibiting a noteworthy CAGR of 9.59% during the forecast…
More Releases for Biometric
Global Biometric Service Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Biometric Service market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The biometric service market is witnessing rapid growth, fueled by increasing demand for advanced security solutions across various…
Prominent Biometric Cards Market Trend for 2025: Revolutionizing Payment Securit …
What market dynamics are playing a key role in accelerating the growth of the biometric cards market?
The burgeoning expansion of contactless payment systems is anticipated to spur the development of the biometric card market in the future. Contactless payment systems provide a secure means for consumers to purchase goods or services using their debit, credit, or smart cards by exploiting radio frequency identification (RFID) technology or near-field communication (NFC). The…
Prominent Biometric Sensor Market Trend for 2025: Pioneering Product Innovation …
Which drivers are expected to have the greatest impact on the over the biometric sensor market's growth?
The spike in identity theft incidents is predicted to bolster the expansion of the biometric sensor market. Identity theft involves the stolen personal data such as social security numbers, bank account or credit card details. Biometric techniques address all critical aspects of authentication, non-repudiation, confidentiality, and integrity, contributing substantially to curbing and extinguishing identity…
Key Biometric Cards Market Trend for 2025-2034: Revolutionizing Payment Security …
What Is the Future Outlook for the Biometric Cards Market's Size and Growth Rate?
In recent times, the size of the biometric cards market has expanded swiftly. Its growth is anticipated to soar from $13.03 billion in 2024 to reach $15.36 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The surging growth during the historical span can be credited to enhanced security requirements, escalating concerns regarding fraud,…
Biometric Workforce Management Market Will Hit Big Revenues In Future | IDEMIA, …
Advance Market Analytics added research publication document on Worldwide Biometric Workforce Management Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Biometric Workforce Management market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2022 which is estimated and forecasted till…
Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with…
