GLOBAL BIOMETRICS MARKET FORECAST 2017-2025

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GLOBAL BIOMETRICS MARKET FORECAST 2017-2025

The global biometrics market is anticipated to expand from $ 10.60 billion in 2016 to $ 41.39 billion by 2025, at CAGR of 17.06% amid 2017 and 2025. For the market study for biometrics, the base year considered is 2016. The forecast period is amid 2017 and 2025. The progression of the market worldwide results in the increased demand for the developed security and border control because of the rise in the peril of terrorist attacks, evolution in the schemes related to national ID, visa, and E-passport for competent tourist check.

GLOBAL BIOMETRICS MARKET FORECAST 2017-2025

 

Biometrics Market by  Type (Fixed, Mobile) by Technology (Fingerprint Recognition, Iris Recognition, Facial Recognition, Hand Geometry, Vein Analysis, Voice Recognition, DNA Analysis, Gait Analysis, EEG/ECG) by End Users (Government, Transportation, Healthcare, Banking Financial Services and Insurance (Bfsi), Retail & Other) by Geography

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The global market of biometrics is anticipated to grow at a CAGR of 17.06% amid 2017 and 2025. For the market study of biometrics, the base year considered is 2016. The forecast period is amid 2017 and 2025. Some of the factors that are responsible for driving the market are,

  • Increased need for advanced security.
  • Evolution of mobile biometric systems.
  • Rising adoption of multimodal biometrics.
  • Increasing applications of biometrics.

But, the increased demand for the developed security and border control is because of the rise in the peril of terrorist attacks, evolution in the schemes related to national ID, visa, and E-passport for competent tourist check, these are the prime factors that are augmenting the growth of the biometrics market amid the forecast period.

Biometrics Market Infographic

The awareness and importance of the biometrics are spreading rapidly. And, its adoption in several sectors has become integral. Their incorporation has proven helpful to many organizations. Government end-user application sector is currently leading the market. It has captured a significant market share of around 51% in the year 2016. The government sector uses the systems in law enforcement, border control, access control, immigration, tourism management, national ID, and in many other applications. Increase in the terror threats, the need for advanced security augmented the demand for the biometric systems in the government sector. Transportation end-user application sector is projected as the second largest application in the market. These systems are used in the airports, seaports and other means of transportation for identification and access control. Further, they are used at the airports, and seaports for surveillance, immigration control, and to control access for staff and authorities.

With the increased adoption of biometrics, newer challenges have been introduced in the market.  Lack of standardization, easy availability of inexpensive alternate technologies are some factors that are restricting the growth of the market. The key players in the market are facing challenges in minimizing the high costs associated with the biometric systems. Also, overcoming few technological boundaries like noise in the captured data and security of the biometric data is the biggest hurdles experienced by the key players.

The global biometrics market has been segmented on the basis of its type, its technology, and by End-user industries:

By Type:

  • Fixed
  • Mobile

By Technology:

  • Fingerprint Recognition
  • Iris Recognition
  • Facial Recognition
  • Hand Geometry
  • Vein Analysis
  • Voice Recognition
  • DNA Analysis
  • GAIT Analysis
  • Electroencephalogram (EEG)/Electrocardiogram (ECG)
  • Other Technologies

By End User Industries:

  • Government
  • Transportation
  • Healthcare
  • Banking, Financial Services & Insurance (BFSI)
  • Retail
  • Other End-User Industries

The report scope is widely categorized on the basis of its major components, which includes hardware, software, and services. However, the total market revenue in the report is calculated as the sum of software & service components only. Revenue from hardware component is excluded from the scope of the report.

On the basis of geography, global biometrics market has been segmented into five major regions;

North America leads the global biometrics market with the market share of 32.59%, which is followed by Asia-Pacific and then Europe, respectively. In North America, the requirement of biometrics is raised because of the rise in the demand of developed security precaution and tourist administration, after 9/11 attacks. Asia-Pacific is the speedily evolving region with the CAGR of 20.39%. The existence of the developing economies like India, China, South Korea, Japan, Malaysia, Singapore and Australia and expanded acceptance in these countries for biometrics. Heightened security involvement, increasing incidence of identity theft, increased penetration of smartphone and internet, a requirement from varied industrial sectors, digitalization are the major reasons for the growth of the market in Asia-Pacific region.

The biometrics market is segmented on the basis of its technology type. The market can be roughly classified on the basis of 9 technologies, namely they are, fingerprint recognition, Iris Recognition, facial recognition, Hand geometry, Vein Analysis, Voice recognition, DNA Analysis, GAIT Analysis, EEG/ECG and other technologies. Further, the market is segmented into End-user Industries, such as Government, Transportation, Healthcare, Banking, Financial Services & Insurance (BFSI), Retail, and others. The market is also segmented on the basis of its type and it includes Fixed & mobile biometric systems.

The global biometrics market is competitive in nature. The number of players present in the market are;

  • Cross Match Technologies
  • Gemalto N.V.
  • M2SYS Technologies,
  • Aware Inc,
  • SAFRAN,
  • And others.

All these companies try to satisfy new customers and to fulfill their fast shifting requirements. These companies also aim at acquiring start-ups and entering into partnership agreements to gain the competitive advantage. In March 2017, Safran Identity & Security announced the launch of MorphoAccess® SIGMA Extreme, its new access, and time fingerprint terminal. In December 2016, ImageWare Systems and American Biometric Solutions, Inc. entered into an agreement for pillphone Product Offering.

Key findings of the global biometrics market:

  • North America is the leader of overall biometrics market.
  • The emergence of mobile biometrics and increasing adoption of multimodal systems are driving the market growth.
  • Asia Pacific market is expected to be the fastest evolving market for biometrics.
  • Applications of biometrics ranging from healthcare to financial end user industry, are on the rise.
  • Fingerprint Recognition, Iris Recognition & Facial Recognition, these are most utilized & key biometric technologies.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA- GLOBAL LEADER IN BIOMETRICS MARKET
      • ASIA PACIFIC IS THE FASTEST GROWING MARKET
      • FINGERPRINT, IRIS RECOGNITION, AND FACIAL RECOGNITION-KEY BIOMETRIC TECHNOLOGIES
      • INCREASED APPLICATIONS OF BIOMETRIC SYSTEMS
  1. MARKET DYNAMICS
    • INTRODUCTION
    • MARKET DEFINITION
    • DRIVERS
      • INCREASED NEED OF ADVANCED SECURITY
      • EVOLUTION OF MOBILE BIOMETRIC SYSTEMS
    • RESTRAINTS
      • ABSENCE OF STANDARDIZATION
      • EASY AVAILABILITY OF ALTERNATE TECHNOLOGIES
    • OPPORTUNITIES
      • IMPLEMENTATION OF MULTIMODAL BIOMETRICS
      • BIOMETRICS FOR SECURITY APPLICATIONS
    • CHALLENGES
      • HIGH COSTS ASSOCIATED WITH BIOMETRICS SYSTEMS
      • TECHNOLOGICAL LIMITATIONS
  1. MARKET SEGMENTATION
    • BY TYPE
      • FIXED
      • MOBILE
    • BY TECHNOLOGY
      • FINGERPRINT RECOGNITION
      • IRIS RECOGNITION
      • FACIAL RECOGNITION
      • HAND GEOMETRY
      • VEIN ANALYSIS
      • VOICE RECOGNITION
      • DNA ANALYSIS
      • GAIT ANALYSIS
      • ELECTROENCEPHALOGRAM (EEG)/ ELECTROCARDIOGRAM (ECG)
      • OTHER
    • BY END USERS
      • GOVERNMENT
      • TRANSPORTATION
      • HEALTHCARE
      • BANKING FINANCIAL SERVICES AND INSURANCE (BFSI)
      • RETAIL
      • OTHER END USERS
  1. KEY ANALYTICS
    • PORTERS FIVE FORCE ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCT
      • THREAT OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  2. GEOGRAPHY ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA AND NEW ZEALAND
      • REST OF ASIA-PACIFIC
    • LATIN AMERICA
      • BRAZIL
      • ARGENTINA
      • MEXICO
      • REST OF LATIN AMERICA
    • MIDDLE EAST AND AFRICA
      • SAUDI ARABIA
      • TURKEY
      • The UNITED ARAB EMIRATES
      • EGYPT
      • SYRIA
      • IRAQ
      • SOUTH AFRICA
      • REST OF MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILES
      • GEMALTO N.V.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • AWARE INC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • BIOID
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • CROSS MATCH TECHNOLOGIES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • FUJITSU
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • HID GLOBAL
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • IMAGEWARE SYSTEMS
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • IRIS ID
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • IRITECH INC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • M2SYS TECHNOLOGIES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • MISTRAL SOLUTIONS INC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • NEC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • SAFRAN
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • SIEMENS AG
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS
      • VFS GLOBAL
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • STRATEGIC MOVES
        • SCOT ANALYSIS

 

LIST OF TABLES

TABLE 1: GLOBAL BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

TABLE 2: GLOBAL BIOMETRICS MARKET, BY TYPE, 2017-2025, (IN $ BILLION)

TABLE 3: GLOBAL BIOMETRICS MARKET, BY TECHNOLOGY, 2017-2025 (IN $ BILLION)

TABLE 4: GLOBAL BIOMETRICS MARKET, BY END USERS, 2017-2025 (IN $ BILLION)

TABLE 5: GLOBAL BIOMETRICS MARKET, BY REGION, 2017-2025, (IN $ BILLION)

TABLE 6: NORTH AMERICA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

TABLE 7: EUROPE BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

TABLE 8: ASIA PACIFIC BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

TABLE 9: LATIN AMERICA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

TABLE 10: MIDDLE EAST AND AFRICA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

 

LIST OF FIGURES

FIGURE 1: GLOBAL BIOMETRICS MARKET, BY REGION, 2016 (IN %)

FIGURE 2: GLOBAL BIOMETRICS MARKET, BY TYPE, 2016 (IN %)

FIGURE 3: GLOBAL FIXED BIOMETRICS MARKET, 2017-2025 (IN $ BILLION)

FIGURE 4: GLOBAL MOBILE BIOMETRICS MARKET, 2017-2025 (IN $ BILLION)

FIGURE 5: GLOBAL BIOMETRICS MARKET, BY TECHNOLOGY, 2016 (IN %)

FIGURE 6: GLOBAL BIOMETRICS MARKET, BY FINGERPRINT RECOGNITION, 2017-2025 (IN $ BILLION)

FIGURE 7: GLOBAL BIOMETRICS MARKET, BY IRIS RECOGNITION, 2017-2025 (IN $ BILLION)

FIGURE 8: GLOBAL BIOMETRICS MARKET, BY FACIAL RECOGNITION 2017-2025 (IN $ BILLION)

FIGURE 9: GLOBAL BIOMETRICS MARKET, BY HAND GEOMETRY, 2017-2025 (IN $ BILLION)

FIGURE 10: GLOBAL BIOMETRICS MARKET, BY VEIN ANALYSIS, 2017-2025 (IN $ BILLION)

FIGURE 11: GLOBAL BIOMETRICS MARKET, BY VOICE RECOGNITION, 2017-2025 (IN $ BILLION)

FIGURE 12: GLOBAL BIOMETRICS MARKET, BY DNA ANALYSIS, 2017-2025 (IN $ BILLION)

FIGURE 13: GLOBAL BIOMETRICS MARKET, BY GAIT ANALYSIS, 2017-2025 (IN $ BILLION)

FIGURE 14: GLOBAL BIOMETRICS MARKET, BY EEG/ECG, 2017-2025 (IN $ BILLION)

FIGURE 15: GLOBAL BIOMETRICS MARKET, BY OTHER TECHNOLOGIES, 2017-2025 (IN $ BILLION)

FIGURE 16: GLOBAL BIOMETRICS MARKET, BY END USERS, 2016 (IN %)

FIGURE 17: GLOBAL BIOMETRICS MARKET, BY GOVERNMENT, 2017-2025 (IN $ BILLION)

FIGURE 18: GLOBAL BIOMETRICS MARKET, BY TRANSPORTATION, 2017-2025 (IN $ BILLION)

FIGURE 19: GLOBAL BIOMETRICS MARKET, BY HEALTHCARE, 2017-2025 (IN $ BILLION)

FIGURE 20: GLOBAL BIOMETRICS MARKET, BY BFSI, 2017-2025 (IN $ BILLION)

FIGURE 21: GLOBAL BIOMETRICS MARKET, BY RETAIL, 2017-2025 (IN $ BILLION)

FIGURE 22: GLOBAL BIOMETRICS MARKET, BY OTHER END USERS, 2017-2025 (IN $ BILLION)

FIGURE 23: GLOBAL BIOMETRICS MARKET SHARE, BY REGION, 2016 & 2025 (IN %)

FIGURE 24: UNITED STATES BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 25: CANADA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 26: UNITED KINGDOM BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 27: GERMANY BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 28: FRANCE BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 29: ITALY BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 30: REST OF EUROPE BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 31: CHINA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 32: JAPAN BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 33: INDIA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 34: SOUTH KOREA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 35: AUSTRALIA AND NEW ZEALAND BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 36: REST OF ASIA PACIFIC BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 37: BRAZIL BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 38: ARGENTINA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 39: MEXICO BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 40: REST OF LATIN AMERICA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 41: SAUDI ARABIA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 42: TURKEY BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 43: UNITED ARAB EMIRATES BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 44: EGYPT BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 45: SYRIA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 46: IRAQ BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 47: SOUTH AFRICA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

FIGURE 48: REST OF MIDDLE EAST AND AFRICA BIOMETRICS MARKET, 2017-2025 (IN $ BILLIONS)

  1. MARKET SEGMENTATION
    • BY TYPE
      • FIXED
      • MOBILE
    • BY TECHNOLOGY
      • FINGERPRINT RECOGNITION
      • IRIS RECOGNITION
      • FACIAL RECOGNITION
      • HAND GEOMETRY
      • VEIN ANALYSIS
      • VOICE RECOGNITION
      • DNA ANALYSIS
      • GAIT ANALYSIS
      • ELECTROENCEPHALOGRAM (EEG)/ ELECTROCARDIOGRAM (ECG)
      • OTHER
    • BY END USERS
      • GOVERNMENT
      • TRANSPORTATION
      • HEALTHCARE
      • BANKING FINANCIAL SERVICES AND INSURANCE (BFSI)
      • RETAIL
      • OTHER END USERS
  1. GEOGRAPHY ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA AND NEW ZEALAND
      • REST OF ASIA-PACIFIC
    • LATIN AMERICA
      • BRAZIL
      • ARGENTINA
      • MEXICO
      • REST OF LATIN AMERICA
    • MIDDLE EAST AND AFRICA
      • SAUDI ARABIA
      • TURKEY
      • UNITED ARAB EMIRATES
      • EGYPT
      • SYRIA
      • IRAQ
      • SOUTH AFRICA
      • REST OF MIDDLE EAST AND AFRICA

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