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Biometrics In Government Market Expansion Continues, with Forecast Valuation of $11.78 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Biometrics In Government Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for biometrics in government has expanded at a fast pace. This upward trajectory will continue, rising from $6.13 billion in 2024 to $7.02 billion in 2025, marking a compound annual growth rate (CAGR) of 14.5%. The growth observed in the historical period can be ascribed to factors such as escalating concerns over national security, expansion in e-government services, increase in national ID programs, expansion in prison and correctional facilities, and a surging demand for systems capable of detecting and preventing fraud.
Biometrics In Government Market Size Forecast: What's the Projected Valuation by 2029?
The market size of biometrics in government is set to experience fast growth in the coming years, achieving a size of $11.78 billion by 2029 with a compound annual growth rate (CAGR) of 13.8%. The anticipated increase in the forecast period can be linked to the rising need for improved border security strategies, escalating investments on AI-powered biometric solutions, expanded usage of e-passports and e-visas, heightened security concerns and intensified security protocols. Key trends during the forecast period comprises of technological evolution, increased use of facial recognition for border management, biometric voter registration systems, the blend of biometric verification and the introduction of voice recognition.
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What Are the Drivers Transforming the Biometrics In Government Market?
The evolution of safety concerns is anticipated to steer the expansion of biometrics in the government sector. These concerns involve potential threats, risks, or weak spots that could jeopardize the security, confidentiality, or access to information, systems, or material resources. Various elements contribute to the escalation of these issues, including cybersecurity threats, physical safety, supply chain protection, legal compliance, terrorism, political instability, and people's personal privacy. Utilizing biometrics in government systems not only bolsters security but also enhances service delivery efficiency while reducing the risks linked to identity theft and unlawful access. For example, the Federal Bureau of Investigation noted a 127% increase in investment fraud complaints in March 2023, escalating from $1.45 billion in 2021 to $3.31 billion in 2022. Consequently, the upturn in the frequency of cash withdrawals propels the growth of the biometrics sector in government market.
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What Are the Key Trends Driving Biometrics In Government Market Growth?
Leading corporations involved in the government biometrics sector are prioritizing the development of innovative verification approaches, including vein authentication, to bolster security and precision. Vein recognition, or vascular biometrics, is a method of biometric identification that leverages the distinct vein patterns found in various parts of an individual's body. For example, Uniken, a software enterprise from the United States, introduced a palm vein authentication technology to its REL-ID security platform in May 2024. This technique involves using the unique patterning of a person's palm veins to confirm their identity. It's an exceptionally secure and user-friendly method for customers to verify their identities while accessing financial accounts or conducting transactions in areas like financial services, health care, and e-government projects.
Which Segments in the Biometrics In Government Market Offer the Most Profit Potential?
The biometrics in government market covered in this report is segmented -
1) By Type: Contactless, Contact-Based, Hybrid Or Multimodal
2) By Components: Hardware, Software
3) By Mode: Fingerprint Recognition, Face Recognition, Iris Recognition, Palmprint Recognition, Vein Recognition, Signature Recognition, Voice Recognition, Other Modes
4) By Application: Border Control, Public Safety, Voter Registration, Latent Fingerprint Matching, National ID
5) By End User: Civil, Military, Law Enforcement, E-Passport, E-Visas, Commercial, Healare And Welfare, Other End-Users
Subsegments:
1) By Contactless: Facial Recognition, Iris Recognition, Palm Print Recognition, Vein Recognition
2) By Contact-Based: Fingerprint Recognition, Hand Geometry Recognition, Signature Recognition
3) By Hybrid or Multimodal: Fingerprint + Facial Recognition, Fingerprint + Iris Recognition, Facial Recognition + Iris Recognition, Voice + Face Recognition
4) By Other Multimodal Combinations
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Which Firms Dominate the Biometrics In Government Market by Market Share and Revenue in 2025?
Major companies operating in the biometrics in government market are Qualcomm Technology Inc., Fujitsu Limited, NEC Corporation, Thales Group, IDEMIA Group SAS, HID Global Corporation, Nuance Communications Inc., secunet Security Networks AG, Daon Inc., Dreamlog Identification System GmbH, Accu-Time Systems Inc., BioEnable Technologies Pvt. Ltd., Cognitec Systems GmbH, Aware Inc., Iris ID Systems Inc., BI2 Technologies LLC, Innovatrics sro, Precise Biometrics AB, BIO-key International Inc., Ayonix Corporation, Fulcrum Biometrics Inc., id3 Technologies, JENETRIC GmbH
Which Regions Offer the Highest Growth Potential in the Biometrics In Government Market?
North America was the largest region in the biometrics in government market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the biometrics in government market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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