Global Biometrics Technology Market to Attain a Valuation of USD 95 Billion By 2028 | Infinium Global Research

Infinium Global Research, a distinguished market analysis firm, announces the release of an all-encompassing report on the global and regional Biometrics Technology Market. This in-depth study offers profound insights into segments, sub-segments, market drivers, restraints, and macro indicators, presenting a comprehensive analysis of trends, forecasts, and dollar values within the global landscape.

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Rapid Growth Projections

The report forecasts a remarkable surge in the global biometrics technology market, projecting a staggering CAGR of 15% during the forecast period of 2022-2028. With an initial valuation of approximately USD 40 billion in 2022, the market is anticipated to soar to nearly USD 95 billion by 2028.

Revolutionizing Security and Authentication

Biometrics systems, employing software, databases, and readers, offer unparalleled security and accuracy. Widely adopted in the e-commerce industry for secure payments, this technology substantially reduces security breaches and fraud compared to conventional methods. Its widespread utilization across diverse sectors enhances security levels in public, commercial, and private domains, driving market growth.

Innovative Integration in Consumer Electronics

The growing integration of biometric technology in consumer electronics, including tablets, smartphones, laptops, and home automation devices, is a significant growth catalyst. Manufacturers strive to enhance functionalities, attract wider clientele, and fortify security in digital technologies and connected devices, driving the adoption of biometric solutions. Innovative advancements in identification and authentication applications create compelling growth prospects.

Challenges and Opportunities

While the market experiences impressive growth, challenges such as technical knowledge gaps and data security concerns hinder progress. Additionally, high installation costs associated with this technology restrain its widespread adoption.

Regional Dynamics and Market Segmentation

North America emerges as the largest market, driven by the burgeoning tourism sector and widespread adoption of biometric technology across defense, commerce, justice, and homeland security. The Asia Pacific region exhibits significant growth potential, propelled by increasing terrorist threats and the presence of key market players like NEC Corporation and Fujitsu in countries like India and China.

Segments and Market Profiles

The report segments the market based on components (hardware and software), applications (identification & access control, security & surveillance, payments, image database investigation, and others), and end-users (government, commercial centers, medical & research labs, banking & financial services, defense, and security). It includes comprehensive profiles of leading market players such as NEC Corporation, ZOLOZ Co. Ltd., David-Link, Suprema, Inc., Accu-Time Systems, Inc., Precise Biometrics AB, Bio-key International, Inc., Thales S.A, Fujitsu Frontech Limited, and Others.

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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 Technology Market Highlights

2.2. Biometrics Technology Market Projection

2.3. Biometrics Technology Market Regional Highlights

Chapter 3. Global Biometrics Technology Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Biometrics Technology Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Component

3.5.2. IGR-Growth Matrix Analysis by Application

3.5.3. IGR-Growth Matrix Analysis by End Use

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Biometrics Technology Market

Chapter 4. Biometrics Technology Market Macro Indicator Analysis

Global Biometrics Technology Market by Component
5.1. Hardware

5.2. Software

Chapter 6. Global Biometrics Technology Market by Application

6.1. Identification & Access Control

6.2. Security & Surveillance

6.3. Payments

6.4. Image Database Investigation

6.5. Others

Chapter 7. Global Biometrics Technology Market by End Use

7.1. Government

7.2. Commercial Centers and Buildings

7.3. Medical and Research Labs

7.4. Banking, Financial Services Sector

7.5. Defense and Security

Chapter 8. Global Biometrics Technology Market by Region 2022-2028

8.1. North America

8.1.1. North America Biometrics Technology Market by Component

8.1.2. North America Biometrics Technology Market by Application

8.1.3. North America Biometrics Technology Market by End Use

8.1.4. North America Biometrics Technology Market by Country

8.2. Europe

8.2.1. Europe Biometrics Technology Market by Component

8.2.2. Europe Biometrics Technology Market by Application

8.2.3. Europe Biometrics Technology Market by End Use

8.2.4. Europe Biometrics Technology Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Biometrics Technology Market by Component

8.3.2. Asia-Pacific Biometrics Technology Market by Application

8.3.3. Asia-Pacific Biometrics Technology Market by End Use

8.3.4. Asia-Pacific Biometrics Technology Market by Country

8.4. RoW

8.4.1. RoW Biometrics Technology Market by Component

8.4.2. RoW Biometrics Technology Market by Application

8.4.3. RoW Biometrics Technology Market by End Use

8.4.4. RoW Biometrics Technology Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Biometrics Technology Market

9.2. Companies Profiles

9.2.1. NEC Corporation

9.2.2. ZOLOZ CO., LTD.

9.2.3. David-Link

9.2.4. Suprema, Inc.

9.2.5. Accu-Time Systems, Inc.

9.2.6. Precise Biometrics AB

9.2.7. Bio-Key International, Inc.

9.2.8. Thales S.A

9.2.9. Fujitsu Frontech Limited

9.2.10. Others

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Biometrics Technology.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> 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.

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