GLOBAL BIOMETRICS MARKET FORECAST 2019-2027

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GLOBAL BIOMETRICS MARKET FORECAST 2019-2027

Biometric technology is a method used to identify and authenticate individuals by analysing their physical and behavioural characteristics that include fingerprint, face, iris, hand geometry, voice, signature, vascular patterns, typing pattern, and others. Global Biometrics market accounted for $XX billion in 2018 & would witness a CAGR of 19.21% over the forecast period to reach $72.66 billion by 2027. For the market study of biometrics, the base year considered is 2018. The forecast period is 2019-2027.

GLOBAL BIOMETRICS MARKET FORECAST 2019-2027

Global Biometrics Market by Type (Fixed, Mobile) by Verticals (Government, Transportation, Healthcare, Banking Financial Services & Insurance (Bfsi), Retail, Other Verticals) 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 Geography.

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Biometric technology is a method used to identify and authenticate individuals by analysing their physical and behavioural characteristics that include fingerprint, face, iris, hand geometry, voice, signature, vascular patterns, typing pattern, and others. Global Biometrics market accounted for $XX billion in 2018 & would witness a CAGR of 19.21% over the forecast period to reach $72.66 billion by 2027. For the market study of biometrics, the base year considered is 2018. The forecast period is 2019-2027. Some of the factors that are responsible for driving the market are;

  • Increased need for advanced security.
  • The growing number of identity theft
  • Evolution of mobile biometric systems.
  • Rising adoption of multimodal biometrics.
  • Widening applications of biometrics.

However, increased demand for the developed security and border control because of the rise in the perils of terrorist attacks, and evolution in the schemes related to a national ID, visa, and E-passport for competent tourist check are the primary drivers that are augmenting the growth of the biometrics market amid the forecast period.

The awareness and importance of the biometrics are spreading rapidly, and its adoption in several sectors has become integral as their incorporation has proven helpful to many organizations. Government end-user sector is currently leading the market. It has captured a significant market share of around 48% in the year 2018. The government sector uses the systems in law enforcement, border control, access control, immigration, tourism management, national ID, and in many other applications. Increase terror threat and need for advanced security augmented the demand for the biometric systems in the government sector. Transportation end-user application sector is projected to be the second largest market. These systems are used in airports, seaports, and other transportation means for identification and access control. Also, they are used at the airports and seaports for surveillance, immigration control, and for access control of staff and authorities.

With the increased adoption of biometrics, newer challenges have been introduced in the market. Lack of standardization and easy availability of inexpensive alternate technologies are some of the 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 are the biggest hurdles in front of the key players.

The global biometrics market has been segmented based on its type, its technology, & by end-user verticals:

Market by Type:

  • Fixed
  • Mobile

Market by Technology:

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

Market by Verticals:

  • Government
  • Transportation
  • Healthcare
  • Banking, Financial Services & Insurance (BFSI)
  • Retail
  • Other Verticals

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, the global biometrics market has been segmented into five major regions;

North America leads the global biometrics market in 2018 with a market share of around 30%, which is followed by Asia-Pacific and Europe. In North America, the requirement of biometrics is raised because of the rise in the demand of developed security precaution and tourist administration after the 9/11 attacks. In North America, the biometrics market has witnessed strong growth over the years, especially in law enforcement, forensics, and government activities. In the U.S., biometric passports are compulsory for issuance of foreign passports from 2016. One of the strongest laws regarding biometrics exists in Illinois named Biometric Information Privacy Act (BIPA), which forbids companies from collecting information without prior consent from an individual. Also, Asia-Pacific is a speedily evolving region with a CAGR of XX%. The existence of the developing economies like India, China, South Korea, Japan, Malaysia, Singapore and Australia and the expanded acceptance in these countries for biometrics are driving the market growth. The increasing use of the Internet, online payments, immigration, growing automotive and healthcare sectors, and initiatives such as “Digital India” and “Adhar” by the Indian government are likely to expand the biometric market growth at the fastest rate. The increasing use of e-commerce in the region has boosted the biometric market owing to the need to overcome threats of identity theft, data intrusion, and cyber-attacks

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, 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 Verticals, such as government, transportation, healthcare, banking, financial services & insurance (BFSI), retail, and others. The market is also segmented on the basis of its types, which includes fixed & mobile biometric systems.

The global biometrics market is competitive in nature. There are a number of players present in the market. Major players in the market are:

  • HID Global Corporation
  • Cross Match Technologies
  • Gemalto NV
  • M2SYS Technologies
  • Aware Inc,
  • And others.

All these companies try to satisfy new customers and to fulfil their fast shifting requirements. These companies also aim at acquiring start-ups and entering into partnership agreements to gain a competitive advantage. For instance, In January 2019, BIO-key International, Inc., entered into a partnership agreement with BrightArrow Technologies & identiMetrics to develop identiMetrics RallyPoint Control™, a biometric communication and messaging software system. In the same month, Identity Devices Sweden AB (Identity Devices) & Fingerprint Cards AB entered into a partnership. In December 2018, reputed banking group of Italy, Intesa Sanpaolo awarded a contract to Gemalto to develop first Mastercard biometric contactless payment card. In September 2018, HID Global Corporation acquired Crossmatch Technologies.

Key findings of the global biometrics market:

  • North America is the leader in the overall biometrics market
  • The emergence of mobile biometrics and increasing adoption of multimodal systems are driving market growth
  • Asia Pacific market is expected to be the fastest evolving market for biometrics
  • Adoption of biometrics ranging from healthcare to financial end user industry is on the rise
  • Fingerprint Recognition, Iris Recognition & Facial Recognition are most the most utilized & key biometric technologies
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY & 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- MARKET LEADER IN 2018
      • ASIA PACIFIC IS THE FASTEST GROWING REGIONAL MARKET
      • FINGERPRINT, IRIS RECOGNITION & FACIAL RECOGNITION – KEY BIOMETRIC TECHNOLOGIES
      • INCREASED APPLICATIONS OF BIOMETRIC SYSTEMS
      • GROWING ADOPTION IN E-COMMERCE & CLOUD COMPUTING
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • INCREASED NEED OF ADVANCED SECURITY
      • GROWING NUMBER OF IDENTITY THEFTS
      • EVOLUTION OF MOBILE BIOMETRIC SYSTEMS
      • UPSURGE IN THE ADOPTION OF E-PASSPORTS
      • IMPLEMENTATION OF MULTIMODAL BIOMETRICS
    • MARKET RESTRAINTS
      • ABSENCE OF STANDARDIZATION
      • EASY AVAILABILITY OF ALTERNATE TECHNOLOGIES
    • MARKET OPPORTUNITIES
      • EMERGENCE OF CLOUD BASED BIOMETRICS
      • BIOMETRICS FOR SECURITY APPLICATIONS
      • INTRODUCTION OF 3D FACIAL RECOGNITION
    • MARKET CHALLENGES
      • HIGH COSTS ASSOCIATED WITH BIOMETRICS SYSTEMS
      • TECHNOLOGICAL LIMITATIONS
  1. MARKET BY TYPE
    • FIXED
    • MOBILE
  2. MARKET BY VERTICALS
    • GOVERNMENT
    • TRANSPORTATION
    • HEALTHCARE
    • BANKING FINANCIAL SERVICES & INSURANCE (BFSI)
    • RETAIL
    • OTHER VERTICALS
  3. MARKET BY TECHNOLOGY
    • FINGERPRINT RECOGNITION
    • IRIS RECOGNITION
    • FACIAL RECOGNITION
    • HAND GEOMETRY
    • VEIN ANALYSIS
    • VOICE RECOGNITION
    • DNA ANALYSIS
    • GAIT ANALYSIS
    • ELECTROENCEPHALOGRAM (EEG)/ ELECTROCARDIOGRAM (ECG)
    • OTHER TECHNOLOGIES
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCE ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • ACCURACY
      • PRICE
      • INTEROPERABILITY
      • FEATURES
      • USER-FRIENDLINESS
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    • OPPORTUNITY MATRIX
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    • LATIN AMERICA
      • BRAZIL
      • ARGENTINA
      • MEXICO
      • REST OF LATIN AMERICA
    • MIDDLE EAST & AFRICA
      • SAUDI ARABIA
      • TURKEY
      • UNITED ARAB EMIRATES
      • EGYPT
      • SYRIA
      • IRAQ
      • SOUTH AFRICA
      • REST OF MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • AWARE INC.
    • BIO-KEY INTERNATIONAL INC.
    • CROSSMATCH TECHNOLOGIES, INC. (ACQUIRED BY HID GLOBAL)
    • FINGERPRINT CARDS AB
    • FUJITSU LIMITED
    • FULCRUM BIOMETRICS LLC
    • GEMALTO N.V.
    • HID GLOBAL CORPORATION
    • IMAGEWARE SYSTEMS
    • IRIS ID SYSTEMS, INC.
    • M2SYS TECHNOLOGIES, INC
    • NEC CORPORATION
    • NUANCE COMMUNICATIONS, INC.
    • OT-MORPHO (SAFRAN IDENTITY & SECURITY SAS)
    • PRECISE BIOMETRICS AB
    • SIEMENS AG

LIST OF TABLES

TABLE 1: GLOBAL BIOMETRICS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL BIOMETRICS MARKET, BY TYPE, 2019-2027, (IN $ MILLION)

TABLE 3: GLOBAL FIXED BIOMETRICS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 4: GLOBAL MOBILE BIOMETRICS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 5: GLOBAL BIOMETRICS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL GOVERNMENT MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 7: GLOBAL TRANSPORTATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 8: GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 9: GLOBAL BANKING, FINANCIAL SERVICES & INSURANCE (BFSI) MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 10: GLOBAL RETAIL MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 11: GLOBAL OTHER VERTICALS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 12: GLOBAL BIOMETRICS MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL FINGERPRINT RECOGNITION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 14: GLOBAL IRIS RECOGNITION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 15: GLOBAL FACIAL RECOGNITION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 16: GLOBAL HAND GEOMETRY MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 17: GLOBAL VEIN ANALYSIS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 18: GLOBAL VOICE RECOGNITION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 19: GLOBAL DNA ANALYSIS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 20: GLOBAL GAIT ANALYSIS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 21: GLOBAL ELECTROENCEPHALOGRAM (EEG)/ ELECTROCARDIOGRAM (ECG) MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 22: GLOBAL OTHER TECHNOLOGIES MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 23: OPPORTUNITY MATRIX

TABLE 24: VENDOR LANDSCAPE

TABLE 25: GLOBAL BIOMETRICS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 26: NORTH AMERICA BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 27: EUROPE BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 28: ASIA PACIFIC BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 29: LATIN AMERICA BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 30: MIDDLE EAST & AFRICA BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

 

LIST OF FIGURES

FIGURE 1: GLOBAL BIOMETRICS MARKET, BY END USERS, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL FIXED BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL MOBILE BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL BIOMETRICS MARKET, BY GOVERNMENT, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL BIOMETRICS MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL BIOMETRICS MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL BIOMETRICS MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL BIOMETRICS MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL BIOMETRICS MARKET, BY OTHER VERTICALS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL BIOMETRICS MARKET, BY FINGERPRINT RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL BIOMETRICS MARKET, BY IRIS RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL BIOMETRICS MARKET, BY FACIAL RECOGNITION 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL BIOMETRICS MARKET, BY HAND GEOMETRY, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL BIOMETRICS MARKET, BY VEIN ANALYSIS, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL BIOMETRICS MARKET, BY VOICE RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL BIOMETRICS MARKET, BY DNA ANALYSIS, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL BIOMETRICS MARKET, BY GAIT ANALYSIS, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL BIOMETRICS MARKET, BY EEG/ECG, 2019-2027 (IN $ MILLION)

FIGURE 19: GLOBAL BIOMETRICS MARKET, BY OTHER TECHNOLOGIES, 2019-2027 (IN $ MILLION)

FIGURE 20: PORTER’S FIVE FORCE ANALYSIS

FIGURE 21: KEY BUYING IMPACT ANALYSIS

FIGURE 22: VALUE CHAIN ANALYSIS

FIGURE 23: GLOBAL BIOMETRICS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 24: UNITED STATES BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: CANADA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: UNITED KINGDOM BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: GERMANY BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: FRANCE BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: ITALY BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: REST OF EUROPE BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: CHINA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: JAPAN BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: INDIA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: SOUTH KOREA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: AUSTRALIA & NEW ZEALAND BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: REST OF ASIA PACIFIC BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: BRAZIL BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: ARGENTINA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: MEXICO BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: REST OF LATIN AMERICA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: SAUDI ARABIA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: TURKEY BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 43: UNITED ARAB EMIRATES BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 44: EGYPT BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 45: SYRIA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 46: IRAQ BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 47: SOUTH AFRICA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 48: REST OF MIDDLE EAST & AFRICA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

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

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