Global Biometrics Market will be worth nearly USD 33 billion by 2022 and is projected to grow at a CAGR nearly 14.7% through 2028.

The increasing supply of biometrics-enabled personal devices and rising adoption in sectors including banking, retail, mobile commerce etc. are driving market growth. Additionally, the global biometric market is expanding due to the high demand for identity-based IT solutions and advanced security measures to prevent online terrorism activities.

A biometric system uses a person's personal information to identify them based on unique biological characteristics such as retinal identification, fingerprint, voice recognition, facial recognition, and vein patterns in the palm or fingers. Biometrics are widely used in various real-life applications, including personal recognition, identification, verification, and more. Alongside, they are used for safety, security, permission, banking, crime prevention, forensics, medical applications, and communication.

Rise in need to reduce the rising security challenges

Data breaches and cyberattacks are becoming more frequent, putting the personal information of millions of people at risk, which increases the need to address the growing security concerns. A total of 116 million cyberattacks and data breaches were reported in May 2021. Over 90% of cybersecurity problems are caused by human mistake, and 52% of firms acknowledge that staff members are their biggest weakness when it comes to IT security, as well as 47% when it comes to acceptable data sharing via mobile devices. As a result, biometric technology is developing.

Biometric is a specialized hardware sensors in mobile phones, fingerprint detectors, unique facial recognition cameras (3D), and iris recognition. Biometrics have grown in popularity in recent years, particularly with the introduction of two-factor authentication.

Some of the instance for data breach are:

  • In 2017, approximately 143 million consumers were affected by an attack on Equifax, which occurred a business loss of more than USD 4 billion. The organization was found liable for the breach and got a charge ofUSD 425 million by the Federal Trade Commission.

  • In 2013, internet giant Yahoo resulted in the loss of data from more than 3 billion accounts.

Rising demand for automation in the workplace

Modern working life has evolved dramatically in the last decade, and digitization has helped companies positively.  Working habits and communications are more adaptable and digital than ever before mainly, due to the millennial workforce's expansion. Moreover, the traditional office space has also evolved into digital collaborative working platforms. As a result, increasingly sophisticated access control and security products and systems are required. Therefore, biometrics plays a vital role in physically and digitally empowering workplaces.

Furthermore, biometrics not only secures the modern workplace but can also save the resources of IT and security teams and empower workers with  significant control over working. It may be the most critical potential. It boosts productivity and efficiency, which eventually increase the demand for the biometrics market.

Data safety and security

Data security and safety are one of the biggest problems faced by biometrics. Biometrics are being implemented more frequently among various applications in order to overcome from data security and privacy challenges. Biometrics are vulnerable to attack and have flaws. For instance, it is occasionally possible to trick a biometric sensor by creating fake artifacts. This practice of spoofing puts biometric systems at risk. Some spoofing techniques can occasionally be counterintuitive because computer vision operates very differently from human vision.


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Market Segmentation

Global biometrics market can be segmented into solution type, functionality type, By Application (Spying, Demining, Patrolling & Surveillance, Firefighting, Others), end use industry, and region. Based on solution type, the market can be segmented into fingerprint recognition, facial recognition, iris recognition, hand/palm recognition, voice recognition, vein scanner and others including DNA recognition, signature recognition, etc.  By functionality type, the market can be segmented into Contact Based, Contact Less, Hybrid. By end use industry, the market can be segmented into, Government and Defense, BFSI, Consumer Electronics, IT and Telecom, Healthcare and Lifesciences, Retail and E-commerce, Others

Market Players

Major market players in the Global Biometrics market are NEC Electronics Corporation, Thales Group, BIO-Key International, Inc., Assa Abloy AB, IDEMIA France SAS, DERMALOG Identification Systems GmbH, Cognitec Systems, GmbH, Fujitsu Limited, IDEX Biometrics ASA, Next Biometrics Group ASA, SecuGen Corporation, Aware Inc., Precise Biometrics, Fingerprint Cards AB, M2SYS Technology

Key developments:


  • In October 2022, NEXT Biometrics Receives USD 2.2 Million Order for FAP 20 fingerprint sensors From Indian original equipment manufacturers OEM to strengthen their position in India
  • In September 2022, ASSA ABLOY acquired Control id, a São Paolo-based company specializing in biometric access control in time and attendance devices. This acquisition will help ASSA ABLOY to expand its product line of innovative biometric technologies, especially facial recognition.
  • Fujitsu Limited announced the development of a new multi-factor biometric authentication technology in January 2021 to provide a cutting-edge shopping experience. The system employs non-contact biometrics and identification to accomplish palm vein recognition.  

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2023 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         Solution Type

·         Functionality Type

·         Application

·         End Use Industry

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

NEC Electronics Corporation, Thales Group, BIO-Key International, Inc., Assa Abloy AB, IDEMIA France SAS, DERMALOG Identification Systems GmbH, Cognitec Systems, GmbH, Fujitsu Limited, IDEX Biometrics ASA, Next Biometrics Group ASA, SecuGen Corporation, Aware Inc., Precise Biometrics, Fingerprint Cards AB, M2SYS Technology

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Biometrics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Global Biometrics Market, By Solution Type:

o   Fingerprint Recognition

o   Facial Recognition

o   Iris Scanner

o   Hand/Palm Recognition

o   Voice Recognition

o   Vein Scanner

o   Others

o   Contact Based

o   Contact Less

o   Hybrid

o   Spying

o   Demining

o   Patrolling & Surveillance

o   Firefighting

o   Others

o   Government and Defense

o   BFSI

o   Consumer Electronics

o   IT and Telecom

o   Healthcare and Lifesciences

o   Retail and E-commerce

o   Others

·         Global Biometrics Market, By Region:

o   North America

§  United States

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

§  Poland

§  Denmark

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  South Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey 

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Global Biometrics market.

Available Customizations:

Global biometrics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 15).

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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Biometrics Market

4.    Executive Summary

5.    Voice of Customers

5.1.1.    Brand Awareness

5.1.2.    Factors Considered while Selecting Supplier

5.1.3.    Key Satisfaction Level

5.1.4.    Major Challenges Faced

5.1.5.    Types of security incident

5.1.6.    Sectors which are the most vulnerable

5.1.7.    Preference of various methods for authentication, and authorization for Biometrics

6.    Global Biometrics Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Solution Type (Fingerprint Recognition, Facial Recognition, Iris Recognition, Hand/Palm Recognition, Voice Recognition, Vein Scanners, Others)

6.2.2.    By Functionality Type (Contact Based, Contact Less, Hybrid)

6.2.3.    By Application (Spying, Demining, Patrolling & Surveillance, Firefighting, Others)

6.2.4.    By End Use Industry (Government and Defense, BFSI, Consumer Goods, IT and Telecom, Healthcare and Life Sciences, Retail and Ecommerce, Others)

6.2.5.    By Region

6.2.6.    By Company

6.3.  Market Map

6.4.  Industry Value Chain Analysis

6.5.  Regulatory and Standardizations Related to Biometrics​

6.6.  Innovations in technology Related to Biometrics   ​

6.7.  Porter's Five Forces Analysis

6.7.1.    Threat of New Entrants

6.7.2.    Bargaining Power of Buyers/Consumers

6.7.3.    Bargaining Power of Suppliers

6.7.4.    Threat of Substitute Products

6.7.5.    Intensity of Competitive Rivalry

7.    North America Biometrics Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Solution Type

7.2.2.    By Functionality Type

7.2.3.    By End Use Industry

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Biometrics Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Solution Type

7.3.1.2.2.           By Functionality Type

7.3.1.2.3.           By End Use Industry

7.3.2.    Canada Biometrics Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Solution Type

7.3.2.2.2.           By Functionality Type

7.3.2.2.3.           By End Use Industry

7.3.3.    Mexico Biometrics Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Solution Type

7.3.3.2.2.           By Functionality Type

7.3.3.2.3.           By End Use Industry

8.    Asia-Pacific Biometrics Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Solution Type

8.2.2.    By Functionality Type

8.2.3.    By End Use Industry

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Biometrics Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Solution Type

8.3.1.2.2.           By Functionality Type

8.3.1.2.3.           By End Use Industry

8.3.2.    India Biometrics Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Solution Type

8.3.2.2.2.           By Functionality Type

8.3.2.2.3.           By End Use Industry

8.3.3.    Japan Biometrics Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.2.        By Value 

8.3.3.3.        Market Share & Forecast

8.3.3.3.1.           By Solution Type

8.3.3.3.2.           By Functionality Type

8.3.3.3.3.           By End Use Industry

8.3.4.    South Korea Biometrics Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Solution Type

8.3.4.2.2.           By Functionality Type

8.3.4.2.3.           By End Use Industry

8.3.5.    Australia Biometrics Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Solution Type

8.3.5.2.2.           By Functionality Type

8.3.5.2.3.           By End Use Industry

8.3.6.    Singapore Biometrics Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Solution Type

8.3.6.2.2.           By Functionality Type

8.3.6.2.3.           By End Use Industry

8.3.7.    Malaysia Biometrics Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Solution Type

8.3.7.2.2.           By Functionality Type

8.3.7.2.3.           By End Use Industry

9.    Europe Biometrics Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Solution Type

9.2.2.    By Functionality Type

9.2.3.    By End Use Industry

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Biometrics Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Solution Type

9.3.1.2.2.           By Functionality Type

9.3.1.2.3.           By End Use Industry

9.3.2.    United Kingdom Biometrics Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Solution Type

9.3.2.2.2.           By Functionality Type

9.3.2.2.3.           By End Use Industry

9.3.3.    France Biometrics Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.