Press release
Multimodal Biometrics Market Forecast 2025-2034: Key Developments, Growth Opportunities, and Revenue Projections
Multimodal Biometrics Market
The multimodal biometrics market report by Polaris Market Research offers an in-depth examination of a rapidly growing sector. It analyzes all the key market aspects, including market share, size, emerging trends, and recent developments. In addition, market segments, major regions, and competitive landscape have been examined.
The market for multimodal biometrics is poised to register a CAGR of 14.2% during 2025-2034. The market was valued at USD 3,588.16 million in 2024 and is projected to grow to USD 13,454.75 million by 2034.
Market Introduction
Multimodal biometrics involves using two or more different biometrics traits for identification or verification. These traits can include iris, fingerprints, face, voice, or hand geometry. By combining different biometric sources, multimodal biometrics provides more reliable and accurate results. In addition, the use of multiple biometric traits makes it significantly harder for attackers to impersonate or spoof the system. Multimodal biometrics leverages fusion techniques to combine data from different sources. It is used in various applications, including airport security, access control, network security, and banking.
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Market Dynamics
Integration with Mobile Devices and IoT: The integration of multimodal biometrics with mobile devices and IoT ecosystems allows for seamless and secure authentication in increasingly controlled environments. There is increased demand for robust and user-friendly security mechanisms with the surge in smartphones, wearables, and smart home devices becoming more prevalent. Multimodal biometric systems offer a flexible and scalable solution for device-level authentication, thereby driving the multimodal biometrics market expansion.
Rising Technological Advancements: Advancements in artificial intelligence (AI) and machine learning (ML) have resulted in improved accuracy, speed, and adaptability of multimodal biometric systems. The ability of AI-powered algorithms to process large data volumes allows systems to learn, adapt, and improve recognition capabilities over time. ML allows for better fusion of multiple biometric modalities, resulting in lower false acceptance and rejection rates.
Market Key Players
The multimodal biometrics market is witnessing competition as global market participants leverage technological advancements and strategic investments to garner a larger market share. A few of the major market participants are:
• Aware, Inc.
• EyeVerify, Inc.
• Fujitsu
• HID Global Corporation
• IDEMIA
• NEC Corporation
• Qualcomm Technologies, Inc.
• Suprema, Inc.
• Synaptics Incorporated
• Thales Group
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Multimodal Biometrics Market Report Highlights
o In terms of technology, the fingerprint recognition led the multimodal biometrics market in 2024, driven by its reliability, affordability, and broad integration across security, banking, and consumer devices.
o Based on component, the services sector is anticipated to expand fastest during the forecast period, propelled by increasing needs for biometric system integration, maintenance, and specialized consulting support.
o In 2024, North America accounted for the largest revenue share, supported by advanced technology infrastructure, stringent cybersecurity norms, and early enterprise adoption of biometric solutions.
o The Asia Pacific multimodal biometrics market is poised for rapid growth, fueled by digitalization initiatives, national ID programs, and surging smartphone penetration driving biometric adoption.
Market Segmentation
The market segmentation is done on the basis of technology, component, application, deployment, enterprise size, end use, and region.
Based on technology, the fingerprint recognition segment led the global market in 2024. This is primarily due to its widespread adoption, high reliability, and cost-effectiveness across various applications. Fingerprint technology has evolved over the years and is now a standard authentication method in government ID programs and enterprise systems.
By component, the services segment is projected to witness the fastest growth from 2025 to 2034. This is largely due to the growing demand for system integration and consulting services. There is an increased need for specialized services as organizations adopt multimodal biometric solutions.
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Multimodal Biometrics Market, Regional Outlook (Revenue, USD Million, 2020-2034)
o North America
» Technology Outlook
» Fingerprint Recognition
» Facial Recognition
» Iris Recognition
» Voice Recognition
» Others
» Component Outlook
» Hardware
» Software
» Services
» Application Outlook
» Authentication & Access Control
» Surveillance & Monitoring
» Identity Verification
» Forensics
» Others
» Deployment Outlook
» On-premises
» Cloud
» Enterprise size Outlook
» Large Enterprises
» SMEs
» End Use Outlook
» BFSI
» Consumer Electronics
» Healthcare
» Transportation and Logistics
» Defense & Security
» Government
» Others
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