Press release
Exploring Growth Opportunities in the Dynamic Biometrics Market: Key Market Size Statistics (2024-2029), Trends, and Main Drivers
Exploring Growth Opportunities in the Dynamic Biometrics Market
Unlocking Potential: Approaching the Billion-Dollar Revenue Mark By 2029 and a CAGR of 15.5%, the Biometrics Market is Set for Sustained Growth
What Is The Projected Market Size Of The Global Biometrics Market And Its Growth Rate?
The Biometrics market has been witnessing a significant expansion:
• From $45.18 billion in 2024, it is set to grow to $52.64 billion in 2025, presenting a CAGR of 16.5%.
• By 2029, it is projected to reach a sizeable $93.57 billion which suggests a CAGR of 15.5%.
What Is Driving The Growth In The Biometrics Market?
The increasing adoption of biometric technology in consumer electronics for authentication and identification applications has driven the biometrics market. Biometric sensors are now a common security feature in smartphones, and the competitive pricing of this technology allows manufacturers to integrate them into a wider range of products. A clear driver of this market is how biometric technology is increasingly utilized in various consumer electronic devices like smartphones, home automation systems, and game consoles. It has become popular for authentication for access and payments, offering faster, simpler, and more secure alternatives to traditional credentials or PINs. As per a survey conducted by Visa in May 2022, 86% of consumers are keen on using biometrics for authenticating payments, mainly because it is easier to use (according to 70% of the respondents), and is seen as more secure than passwords or PINs by 46% of respondents.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6903&type=smp
Who Are the Key Players Driving Biometrics Market Growth?
The following companies are key players operating in the Biometrics Market:
• Hitachi Corporation
• Siemens AG
• 3M Company
• Fujitsu Limited
• NEC Corporation
• Thales Group
• Leidos Holdings Inc.
• IrisGuard Ltd.
• NEXT Biometrics Group ASA
• Nuance Communications Inc.
• GB Group plc
• M2SYS Technology
• Fingerprint Cards AB
• Suprema Inc.
• Paravision
• BioEnable Technologies Pvt. Ltd.
• Cognitec Systems GmbH
• Aware Inc.
• Assa Abloy AB
• Innovatrics s.r.o.
• Biokey International
• FaceFirst Inc.
• BioID AG
• Crossmatch Technologies Inc.
• ImageWare Systems Inc.
• Phonexia SRO
• IDEX Biometrics ASA
• S.I.C. Biometrics Global Inc.
What Are The Key Trends In The Biometrics Market?
• Integration of AI and Machine Learning
• Rapid Technological Advancements
• Expansion of Mobile Biometrics
• Emphasis on Data Privacy and Regulation
What Are The Segments Of The Global Biometrics Market?
• By Biometric Type: IRIS Recognition, Hand Geometry, Facial Recognition, Signature Verification, Fingerprint, Voice Recognition, Palm Vein
• By Functionality: Contact, Non-Contact, Combined
• By End-User: Government, Defense Services, Banking And Finance, Consumer Electronics, Healthcare, Commercial Safety And Security, Transport Or Visa Or Logistics, Other End Users
Which Region Leads The Biometrics Market?
In 2024, North America was the largest region for the Biometrics market while the fastest-growing region in the forecast period is projected to be Asia-Pacific. The Biometrics Market report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/biometrics-global-market-report
What Is Covered In The Biometrics Market Global Market Report?
Market Size Analysis: Analyze the Biometrics Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Biometrics Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Biometrics Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Biometrics Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=6903&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15,000+ reports covering 27 industries across 60+ geographies, The Business Research Company is well-regarded for its comprehensive, data-rich research and unique industry insights. Drawing on over 1,500,000 datasets, a blend of in-depth secondary research, and insightful predictions from industry leaders, you can obtain the information you need to stay ahead. The Global Market Model (GMM), the company's principal market intelligence instrument, provides thorough and timely forecasts to facilitate smart decision-making.
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 Exploring Growth Opportunities in the Dynamic Biometrics Market: Key Market Size Statistics (2024-2029), Trends, and Main Drivers here
News-ID: 3838317 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Mark
MARK WAHLBERG INSTANT EARWORMS!
A jingle for Mark Wahlberg and Wahlburgers ( link below ). Host and enthusiastic Wahlburgers fan DeeDee from CRAZY JOURNEYS with DeeDee is putting out an open invitation to Mark Wahlberg himself - to join her for a fun, fresh photo retake at one of his legendary Wahlburgers locations.
Why? Because every great journey deserves a great snapshot- and the magic of an awesome burger.
DeeDee, whose content on YouTube has…
INTERVIEW: MARK JAMES SCOTT
I sat down with Brand Consultant, Designer & Creative Director Mark James Scott who is making an Impact in the Hip Hop World, in both the UK and the US. We talked working with Artists from The Game and Music Mogul Diddy, to his own Music and more..
BY SASHA JENKINS
WHAT SETS YOU APART FROM OTHERS IN YOUR FIELD?
I didn't study Design. I studied Psychology for 6 years and gained my Masters…
Impressionist landscape artist - Mark Briscoe
I am Mark Briscoe, Bristish artist well established in the field of Chinoiserie furniture decoration and restoration of antique lacquer. But the techniques for fine art easel painting in the wonderful manner of the old masters is something which I have been exploring in great earnest over the last two years as a long cherished desire. And while I cannot claim to have come anywhere near their heights, I have…
Mark de Clive-Lowe
On Thursday, May 3rd, 2012 internationally known musician Mark de Clive-Lowe (MdCL), will take the stage at The Beehive, located in Boston, MA, for a special performance of his revolutionary sound. Be there from 9:30PM to 1:00AM as MdCL plays impromptu remixes created from scratch, on the spot using drum machines, keyboards and special effects. He will start with a jazz-oriented set and crank up the intensity with his signature…
Trade Mark Act
Neoinfo Solutions Pvt. LTD is an IT based company with its main office located in Jaipur(rajasthan). Our expertise lies in the domain of Website Designing development portal development,maintenance software consulting, designing development , implimentation, training and maitenance.In the journey of achieving our combined business and social goals we have kept in mind and have always strictly followed all our data security policies to ensure that all informations of our clients…
Trade mark Act
Neoinfo Solutions Pvt. LTD is an IT based company with its main office located in Jaipur(rajasthan). Our expertise lies in the domain of Website Designing development portal development,maintenance software consulting, designing development , implimentation, training and maitenance.In the journey of achieving our combined business and social goals we have kept in mind and have always strictly followed all our data security policies to ensure that all informations of our clients…
