Global Biometrics Market Forecast to 2030
The Biometric System Market study was developed as a result of extensive primary and secondary research, qualitative analysis, and quantitative analysis of significant market segments. Business experts have also acknowledged and verified the clever information. The report's objective is to provide more details on the general market environment for lead-free piezoelectric ceramic materials.
The global "https://www.emergenresearch.com/industry-report/biometric-system-market">biometric system market size is expected to reach USD 115.41 Billion at a revenue CAGR of 13.2% in 2030, according to latest analysis by Emergen Research. Market revenue growth of biometric systems can be attributed to rising demand and adoption of contactless biometrics systems in the healthcare industry globally. For instance, on 8 May 2020, NEC Corporation launched NeoFace Thermal Express, which is a dual-faced biometric and fever detection system for access control. The device is capable of detecting elevated body temperatures and Personal Protective Equipment (PPE) equipment such as face masks and others. Moreover, an increase in demand for high-level security in private, commercial, and public sectors is another factor driving the market revenue growth. Demand for facial and voice recognition software in security and surveillance applications has been rising significantly in the recent past owing to increasing terrorist activities and potential risks. This software is commonly used at airports for identification purposes, but deployment has also been increasing at customs and border checks, and even by police to identify and arrest individuals at protests in the very recent past.
Request a Sample Report with Table of Contents and Figures to visit this site @ "https://www.emergenresearch.com/request-sample/177">https://www.emergenresearch.com/request-sample/177
Competitive Terrain:
The global Biometrics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Leidos Holdings, Inc., Gemalto N.V. (3M Cogent), NEC Corporation, Fujitsu Ltd., ImageWare Systems, Inc., BioEngagable Technologies Pvt. Ltd, Mobbeel Solutions, S.L.L., M2SYS Technology - KernellÓ Inc., SIC Biometrics, Precise Biometrics, BioID AG, IriTech, Inc., IDEMIA France SAS, Aware, Inc., and Fulcrum Biometrics, LLC
Research Report on the Biometrics Market Addresses the Following Key Questions:
- Who are the dominant players of the Biometrics market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Biometrics market?
- What are the key growth drivers and restraining factors of the Biometrics market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Biometrics market and its key segments?
Market Overview:
The report bifurcates the Biometrics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Technology Outlook (Revenue: USD Billion; 2019-2030)
- Facial Recognition
- Fingerprint Recognition
- Voice Recognition
- Palm Recognition
- "https://www.emergenresearch.com/industry-report/iris-recognition-market">Iris Recognition
- Others
- Industry Vertical Outlook (Revenue: USD Billion; 2019-2030)
- Government and Defense
- Healthcare and Life Sciences
- Law Enforcement
- Human Resources
- Retail and E-commerce
- IT and Telecommunication
- Banking, Financial services, and Insurance (BFSI)
- Others
- Applications Outlook (Revenue: USD Billion; 2019-2030)
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
- Others
Regional Landscape section of the Biometrics report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ "https://www.emergenresearch.com/industry-report/biometrics-market">https://www.emergenresearch.com/industry-report/biometrics-market
Some Key Highlights in the Report
- On 7 July 2021, Thales announced the launch of a new voice biometric solution as a part of Thales Trusted Digital Identity Service Platform. The launch is expected to meet demand of mobile operator call centers to fight identity fraud whilst providing a seamless customer experience.
- The software segment revenue is expected to register a fast growth rate over the forecast period. Biometrics has generated a lot of attention owing to the growing demand for strong encryption services to reduce fraud and malicious attacks. Software solutions are essential for assuring biometric device interoperability and compatibility. The use of cloud-based services and AI for biometric devices is expected to increase demand for related software to assure device and operating system compatibility for various applications.
- The non-contact-based segment accounted for a significantly larger revenue share in 2021. The industry is growing owing to the increase in demand for smartphones with face recognition software to improve security. In addition, the integration of digital disruptive technologies such as AI and automation has boosted the demand for contactless biometric solutions. Furthermore, increased worries about the spread of coronavirus through contact-based biometric solutions have prompted end-users to switch to contactless technologies, and this trend is expected to continue during the forecast period.
- The biometric system market in Asia Pacific is expected to register fastest revenue CAGR over the forecast period. Most countries in the region are getting rid of conventional process of manual passwords, signatures, or token-based authentication, especially in the banking sector. China and India have some of the most extensive consumer bases for biometric systems, which is increasing demand for voice biometrics in these countries. Furthermore, China is a significant customer and supplier of face recognition technology since the country's law enforcement agencies, as well as other government agencies, have adopted surveillance technologies.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Biometrics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
Request Customization as per your specific requirement@ "https://www.emergenresearch.com/request-for-customization/177">https://www.emergenresearch.com/request-for-customization/177
Thank you for reading our report. To know more about the customization feature, please get in touch with us, and our team will ensure the report is customized to meet your requirements.
Latest Published Articles by Emergen Research:
autorefractor market
"https://www.emergenresearch.com/industry-report/autorefractor-market">https://www.emergenresearch.com/industry-report/autorefractor-market
flexible sigmoidoscopy market
"https://www.emergenresearch.com/industry-report/flexible-sigmoidoscopy-market">https://www.emergenresearch.com/industry-report/flexible-sigmoidoscopy-market
functional fibers market
"https://www.emergenresearch.com/industry-report/functional-fibers-market">https://www.emergenresearch.com/industry-report/functional-fibers-market
healthcare chatbots market
"https://www.emergenresearch.com/industry-report/healthcare-chatbots-market">https://www.emergenresearch.com/industry-report/healthcare-chatbots-market
connected healthcare market
"https://www.emergenresearch.com/industry-report/connected-healthcare-market">https://www.emergenresearch.com/industry-report/connected-healthcare-market
ultra high temperature milk market
"https://www.emergenresearch.com/industry-report/ultra-high-temperature-milk-market">https://www.emergenresearch.com/industry-report/ultra-high-temperature-milk-market
industrial iot market
"https://www.emergenresearch.com/industry-report/industrial-iot-market">https://www.emergenresearch.com/industry-report/industrial-iot-market
acoustic insulation market
"https://www.emergenresearch.com/industry-report/acoustic-insulation-market">https://www.emergenresearch.com/industry-report/acoustic-insulation-market
sodium dichromate market
"https://www.emergenresearch.com/industry-report/sodium-dichromate-market">https://www.emergenresearch.com/industry-report/sodium-dichromate-market
smart irrigation controllers market
"https://www.emergenresearch.com/industry-report/smart-irrigation-controllers-market">https://www.emergenresearch.com/industry-report/smart-irrigation-controllers-market
ultraviolet led market
"https://www.emergenresearch.com/industry-report/ultraviolet-led-market">https://www.emergenresearch.com/industry-report/ultraviolet-led-market
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: "https://www.emergenresearch.com/">www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: "mailto:sales@emergenresearch.com">sales@emergenresearch.com
Visit for More Insights: "https://www.emergenresearch.com/insights">https://www.emergenresearch.com/insights
Explore Our "https://www.emergenresearch.com/custom-intelligence">Custom Intelligence services | "https://www.emergenresearch.com/growth-consultant">Growth Consulting Services
Latest Report: "https://www.emergenresearch.com/industry-report/deep-neural-networks-market">deep neural networks market, "https://www.emergenresearch.com/industry-report/healthcare-chatbots-market">healthcare chatbots market
Trending Title: "https://www.emergenresearch.com/industry-report/water-storage-systems-market">water storage systems market, "https://www.emergenresearch.com/industry-report/quantum-computing-for-enterprise-market">quantum computing for enterprise market
