Press release
Next Generation Biometric Market Poised for Rapid Growth with 18.02% CAGR, Projected to Reach USD 145.81 Billion by 2030
Next Generation Biometric Market
28 June 2024: A global Electronics business consulting firm, Maximize Market Research, has published market intelligence and competitive landscape report on the Next Generation Biometric Market. The report is a combination of primary data and secondary data and field experts have examined the Next Generation Biometric Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Next Generation Biometric to grow from USD 45.72 Bn in 2023 and is expected to reach USD 145.81 Bn by 2030, at a CAGR of 18.02 per cent.
Sample Request Link: https://www.maximizemarketresearch.com/request-sample/30169/
Next Generation Biometric Market Scope:
Market Size in 2023 USD 45.72 Bn.
Market Size in 2030 USD 145.81 Bn.
CAGR 18.02 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 260
No. of Tables 122
No. of Charts and Figures 120
Segment Covered by Type, Technology, Component and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
Next Generation Biometric Market Report Scope and Research Methodology:
Next Generation Biometric Market report includes the exploration of advanced biometric technologies beyond traditional methods. It covers innovations like facial recognition, iris scanning, and vein pattern recognition, integrated with AI and IoT for enhanced accuracy and security. The report assesses their applications across industries such as finance, healthcare, and smart cities, focusing on their impact on security, convenience, and operational efficiency. The methodology combines primary data from expert interviews and secondary data from market reports. The analysis employs both quantitative and qualitative methods to understand market size, trends, and competition. Statistical models forecast future trends, considering technological advancements and regulatory impacts, providing a thorough overview of the market dynamics and growth potential.
Next Generation Biometric Market Dynamics:
The progressions in artificial intelligence (AI) and machine learning (ML) are significant drivers for the Next Generation Biometric Market. These technologies improve the accuracy, speed, and reliability of biometric systems, allowing more sophisticated and secure authentication methods. The growing population, increasing social benefits from government-sponsored programs, and increasing zero-trust mindset of the people are the factors driving the growth of the next-generation biometric market.
Next Generation Biometric Market Regional Insight:
Asia-Pacific held the largest Next Generation Biometric market share in 2023. Economic growth in developing countries, increased attraction towards tourism and increased usage of IoT devices are the factors driving the growth of the market in this region. North America is the second dominating region in the Next Generation Biometric Market. The presence of major key players, increasing investment in biometric technology, and increasing data breaches are the factors attributing to the growth of the market.
Sample Request Link: https://www.maximizemarketresearch.com/request-sample/30169/
Next Generation Biometric Market Segmentation:
by Type
• Palm Print Recognition
• Face Recognition
• Fingerprint Recognition
• IRIS Recognition
• Others
by Technology
• Contact based
• Contactless
• Hybrid
by Component
• Hardware
• Software
by Application
• Aerospace and Defence
• BFSI
• Healthcare
• Government
• Others
Sample Request Link: https://www.maximizemarketresearch.com/request-sample/30169/
Leading Next Generation Biometric Market key industry:
1. Safran SA (France)
2. NEC Corporation (Japan)
3. 3M Cogent Inc. (USA)
4. Fujitsu Ltd. (Japan)
5. Suprema Inc. (South Korea)
6. Cross Match Technologies (USA)
7. Fulcrum Biometrics (USA)
8. Thales SA (France)
9. Bio-Key International Inc. (USA)
To Get More: https://www.maximizemarketresearch.com/market-report/global-next-generation-biometric-market/30169/
Key questions answered in the Next Generation Biometric Market are:
• What is Next Generation Biometric?
• What was the Next Generation Biometric Market size in 2023?
• What is the growth rate of the Next Generation Biometric Market?
• Which are the factors expected to drive the Next Generation Biometric Market growth?
• What are the different segments of the Next Generation Biometric Market?
• Who are the key players in the Global Next Generation Biometric Market?
• What are the upcoming industry applications and trends for the Next Generation Biometric Market?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
• Secure Digital Card Market size was valued at USD 9.5 Bn. in 2022 and the total Secure Digital Card revenue is expected to grow by 5.7% from 2022 to 2029, reaching nearly USD 13.9 Bn.
• Embedded Hypervisor Market size was valued at USD 11.4 Billion in 2023 and the total Embedded Hypervisor Market revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 18.07 Billion.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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 Next Generation Biometric Market Poised for Rapid Growth with 18.02% CAGR, Projected to Reach USD 145.81 Billion by 2030 here
News-ID: 3575790 • Views: …
More Releases from Maximize Market Research pvt. Ltd.
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR …
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR.
► Get a sample of the…
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 …
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn.
Turbo Trainer Market Overview:
The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essential…
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of …
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million.
Sodium Acetate Market Overview:
The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, is…
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire …
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/
♦ Key Highlights
Market size…
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…
