AI-Enabled Biometrics Market Analysis: Segments, Drivers, Distribution Channels, and Growth Factors Forecast to 2024-2031 | IDEMIA, NEC Corporation, Fujitsu Ltd.

The AI-Enabled Biometrics Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global AI-Enabled Biometrics market from 2024 to 2031, and what is the market value expected to change by 2031?

Global AI-enabled Biometrics Market reached US$ 12.7 billion in 2022 and is expected to reach US$ 36.1 billion by 2031, growing with a CAGR of 16.5% during the forecast period 2024-2031.

AI-enabled Biometrics refers to the use of artificial intelligence to enhance biometric systems that identify individuals based on unique physical or behavioral traits, such as facial recognition, fingerprints, voice, or gait. AI algorithms process and analyze these biometric data with high speed and accuracy, improving identity verification, security, and personalization. AI-enabled biometrics are widely used in sectors like security, banking, and healthcare, offering enhanced accuracy, adaptability, and resistance to fraud through continuous learning and data analysis.

Key Developments:

In August 2021, Synaptics Incorporated, a leading human interface solutions provider, acquired DSP Group, Inc. for US$ 450 million. This acquisition is expected to enhance Synaptics' IoT product offerings, adding advanced speech and wireless technologies. The integration of ultra-low power networking and edge AI features, including voice and face biometrics, will appeal to security-focused clients.
In July 2022, Secunet, a German security and biometrics company, announced its collaboration with Zurich Airport to align with the European Entry/Exit System (EES). The system will require third-country nationals to register facial images and fingerprints for crossing the Schengen zone's borders.

In November 2022, Synaptics also acquired Emza Visual Sense, an AI-driven visual sensing company, which had previously been acquired by Himax Technologies. Emza's software enables energy-saving face detection features, such as display dimming, face tracking, and security measures, like obscuring content when unauthorized faces are detected.

List of the Key Players in the AI-Enabled Biometrics Market:

IDEMIA, NEC Corporation, Fujitsu Ltd., Facephi Biometria, S.A., Thales Group, Leidos Holdings, Inc., Fingerprint Cards AB, Nuance Communications, Aware Inc. and Veridium.

Research Process:

Both primary and secondary data sources have been used in the global AI-Enabled Biometrics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the AI-Enabled Biometrics Market:

By Modalities: Face Recognition, Fingerprint Recognition, Iris Recognition, Voice Recognition, Others

By End-User: Mobile Biometrics and Smart Devices, Biometric Access Control Systems, Identity Verification and Authentication, Surveillance and Security, Others

By Application: Government, Defense, BFSI, Home Security, Healthcare, Others

Regional Breakout:

The global AI-Enabled Biometrics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of AI-Enabled Biometrics manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of AI-Enabled Biometrics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the AI-Enabled Biometrics market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the AI-Enabled Biometrics market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

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