LATIN AMERICA BIOMETRICS MARKET FORECAST 2019-2027

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LATIN AMERICA BIOMETRICS MARKET FORECAST 2019-2027

The Latin America biometrics market was calculated to be worth $xx billion in 2018. By the end of the forecast period of 2019-2027, the market is anticipated to witness a CAGR of 21.98%. One of the market’s key drivers includes the growing adoption of biometric solutions by the government for ensuring public safety. Another driver is the customer-focused corporate investments.

LATIN AMERICA BIOMETRICS MARKET FORECAST 2019-2027

Latin America 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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The Latin America biometrics market was calculated to be worth $xx billion in 2018. By the end of the forecast period of 2019-2027, the market is anticipated to witness a CAGR of 21.98%. One of the market’s key drivers includes the growing adoption of biometric solutions by the government for ensuring public safety. Another driver is the customer-focused corporate investments.

Brazil, Argentina, Mexico and the rest of Latin America are the markets analyzed in this region. The Brazil biometrics market dominates this region. Being the host for international sports proceedings such as FIFA World Cup in 2014 and the Olympics in 2016 has accelerated the investments for biometrics in this region. The demand for biometrics in Argentina has also been on the rise over the past few years. In 2012, Argentina introduced a mass surveillance biometric system. Mexico too has implemented a number of projects which involve biometric systems, ex: national ID, Voter ID, e-passports, e-driver license. Rising security concerns and increasing government security spending are factors which are responsible for driving the market growth. This is followed by Mexico and Argentina market. Mexico is forecasted to rise with the fastest CAGR by the end of 2027.

The market is being explored by global giants like Gemalto N.V., Fulcrum Biometrics LLC, Imageware Systems, NEC Corporation, OT-Morpho (Safran Identity & Security SAS), M2SYS Technologies, Inc., Fingerprint Cards AB, Nuance Communications, Inc., Fujitsu Limited, Iris ID Systems, Inc., Precise Biometrics AB, HID Global Corporation, Aware Inc., Bio-Key International Inc., Crossmatch Technologies, Inc. (acquired by Hid Global), Siemens AG, and others.

 

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  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
      • 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 AND 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 – LATIN AMERICA
    • BRAZIL
    • ARGENTINA
    • MEXICO
    • REST OF LATIN AMERICA
  6. COMPANY PROFILES
    • AWARE INC.
    • BIO-KEY INTERNATIONAL INC.
    • CROSSMATCH TECHNOLOGIES, INC. (ACQUIRED BY HID LATIN AMERICA)
    • FINGERPRINT CARDS AB
    • FUJITSU LIMITED
    • FULCRUM BIOMETRICS LLC
    • GEMALTO N.V.
    • HID LATIN AMERICA 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: LATIN AMERICA BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

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

TABLE 3: LATIN AMERICA BIOMETRICS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 4: LATIN AMERICA BIOMETRICS MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 5: OPPORTUNITY MATRIX

TABLE 6: VENDOR LANDSCAPE

TABLE 7: LATIN AMERICA BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

 

LIST OF FIGURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 19: LATIN AMERICA 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: LATIN AMERICA BIOMETRICS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

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

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

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

FIGURE 27: REST OF LATIN AMERICA BIOMETRICS MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS – LATIN AMERICA
    • BRAZIL
    • ARGENTINA
    • MEXICO
    • REST OF LATIN AMERICA
  2. MARKET BY TYPE
    • FIXED
    • MOBILE
  3. MARKET BY VERTICALS
    • GOVERNMENT
    • TRANSPORTATION
    • HEALTHCARE
    • BANKING FINANCIAL SERVICES AND INSURANCE (BFSI)
    • RETAIL
    • OTHER VERTICALS
  4. 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

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