NORTH AMERICA BIOMETRICS MARKET FORECAST 2019-2027

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NORTH AMERICA BIOMETRICS MARKET FORECAST 2019-2027

The North American biometrics market is growing at an estimated CAGR of 13.13% for the forecast period 2019-2027. A strong emphasis on safety, coupled with the growing demand for biometrics in the field of commercial identification and authentication applications is expected to drive the biometrics market in this region. The presence of several vendors has also supplemented the growth of biometrics in North America.

NORTH AMERICA BIOMETRICS MARKET FORECAST 2019-2027

North 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 North American biometrics market is growing at an estimated CAGR of 13.13% for the forecast period 2019-2027. A strong emphasis on safety, coupled with the growing demand for biometrics in the field of commercial identification and authentication applications is expected to drive the biometrics market in this region. The presence of several vendors has also supplemented the growth of biometrics in North America.

The United States biometrics market dominated the region in 2018 accounting for xx% market share. The country spends maximum on its defence. The growth of the US market may be driven by BFSI, Healthcare sector and increased penetration of mobile and cloud biometrics. Most of the Banks in the US are also adopting biometric systems. For instance, Wells Fargo, a well-known bank in the US, has adopted Facial and fingerprint recognition technology to achieve more secure banking operations. By 2027, the Canadian biometrics market is expected to register the highest CAGR. The government sector is a primary contributor to the market. In 2015, Canada announced that they are planning to increase the biometric data which they collect from the travellers as a move against terrorism.

Eminent market players in this region include M2SYS Technologies, Inc., OT-Morpho (Safran Identity & Security SAS), Gemalto N.V., Imageware Systems, Bio-Key International Inc., Iris ID Systems, Inc., Nuance Communications, Inc., Fingerprint Cards AB, Aware Inc., Fulcrum Biometrics LLC, Crossmatch Technologies, Inc. (acquired by Hid Global), Siemens AG, Precise Biometrics AB, HID Global Corporation, NEC Corporation, and Fujitsu Limited.

 

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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
      • NORTH AMERICA – MARKET LEADER IN 2018
      • 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 – NORTH AMERICA
    • UNITED STATES
    • CANADA
  6. COMPANY PROFILES
    • AWARE INC.
    • BIO-KEY INTERNATIONAL INC.
    • CROSSMATCH TECHNOLOGIES, INC. (ACQUIRED BY HID NORTH AMERICA)
    • FINGERPRINT CARDS AB
    • FUJITSU LIMITED
    • FULCRUM BIOMETRICS LLC
    • GEMALTO N.V.
    • HID NORTH 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: NORTH AMERICA BIOMETRICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

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

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

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

TABLE 5: OPPORTUNITY MATRIX

TABLE 6: VENDOR LANDSCAPE

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

 

LIST OF FIGURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 20: PORTERS FIVE FORCE ANALYSIS

FIGURE 21: KEY BUYING IMPACT ANALYSIS

FIGURE 22: VALUE CHAIN ANALYSIS

FIGURE 23: NORTH AMERICA 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)

  1. GEOGRAPHICAL ANALYSIS – NORTH AMERICA
    • UNITED STATES
    • CANADA
  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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