Saudi Arabia biometric systems market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of growing demand for authorized access to an infrastructure or location. Rising applications of the artificial intelligence and Internet of Things services is further driving the growth f the Saudi Arabia biometric systems market in the upcoming five years. Identity based IT solutions and advanced security mechanisms to ward off online terrorism and criminal acts are highly in demands and thus supporting the growth of the Saudi Arabia biometric systems market in the next five years.

Biometric systems are a technological system that uses the information about a person to identify the person. The system identifies the unique biological aspects like retinal identification, fingerprint, voice recognition, facial identification, and palm or finger vein pattern. Various categories of biometrics include fingerprint scanning, voice recognition, iris recognition, facial recognition, and handwriting recognition.

Expanding Construction Industry Promises Market Growth

Construction industry is one of the rapidly growing sectors in the Kingdom of Saudi Arabia. The construction industry was valued at over USD37 billion in the year 2020, the growing expansion of the industry ensures advanced construction and implementation of internet based services like biometric systems facilitates the growth of the Saudi Arabia biometric systems market in the upcoming five years. Growing investments in the sector, rising demands from the population, higher disposable income among the population, and increasing concerns for the security of the infrastructure also facilitate the growth of the Saudi Arabia biometric systems market in the next five years.

Saudi Vision 2030 Plays Vital Role In Market Growth

Like other GCC countries, Saudi Arabian economy is highly dependent on the oil industry and its expansion directly affects the growth of the GDP of the country. With the Saudi Vision 2030, the government has strategized to reduce the dependency over the oil industry and diversify its economy by developing other public sectors like healthcare, education, infrastructure, recreation, tourism, IT industry, etc. The scheme highlights the concept of digital transformation by adopting technologically advanced telecommunication systems and ICT technology.

The country is witnessing rapid global technology development. With the government’s involvement in the advancement of the communication, security, and internet services, the traditional processes, procedures, services etc. are taken over rapidly and thereby supporting the growth of the Saudi Arabia biometric systems market in the next five years.


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Market Segmentation

The Saudi Arabia biometric systems market is segmented by solution type, functionality type, end use industry, competitional landscape, and regional distribution. Based on solution type, the market is further segmented into fingerprint recognition, facial recognition, iris scanner, hand/palm recognition, voice recognition, vein scanner, and others. By functionality type, the market is fragmented into contact based, contact less, and hybrid. Based on end use industry, the market is bifurcated into government and defense, BFSI, consumer electronics, it and telecom, healthcare and life-sciences, retail and e-commerce, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern & Central Region, Eastern Region, Southern Region, Western Region.

Company Profile

NEC 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 ASA, SecuGen Corporation, Aware Inc., Precise Biometrics, Fingerprint Cards AB, M2SYS Technology, among others is a partial list of major market players of the companies responsible for the growth of Saudi Arabia biometric systems market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Solution Type

·         Functionality Type

·         End Use Industry

Regional scope

Northern & Central Region, Eastern Region, Southern Region, Western Region

Key companies profiled

NEC 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 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, Saudi Arabia biometric systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Biometric Systems Market, By Solution Type:
    • Fingerprint Recognition
    • Facial Recognition
    • Iris Scanner
    • Hand/Palm Recognition
    • Voice Recognition
    • Vein Scanner
    • Others
  • Saudi Arabia Biometric Systems Market, By Functionality Type:
    • Contact Based
    • Contact Less
    • Hybrid
  • Saudi Arabia Biometric Systems Market, By End Use Industry:
    • Government and Defense
    • BFSI
    • Consumer Electronics
    • IT and Telecom
    • Healthcare and Lifesciences
    • Retail and E-commerce
    • Others
  • Saudi Arabia Biometric Systems Market, By Region:

o   Northern & Central Region

o   Eastern Region

o   Southern Region

o   Western Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia biometric systems market.

Available Customizations:

With the given market data, TechSci 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 five).

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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Biometric Systems Market

4.    Executive Summary

5.    Voice of Customers

6.    Saudi Arabia Biometric Systems Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

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

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

6.2.3.     By End Use Industry (Government and Defense, BFSI, Consumer Electronics, IT and Telecom, Healthcare and Lifesciences, Retail and E-commerce, Others)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map

7.    Saudi Arabia Contact Based Biometric Systems 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 End Use Industry

7.2.3.     By Region

8.    Saudi Arabia Contact Less Based Biometric Systems 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 End Use Industry

8.2.3.     By Region

9.    Saudi Arabia Hybrid Based Biometric Systems 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 End Use Industry

9.2.3.     By Region

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Saudi Arabia Economic Profile

13.1.              NEC Corporation

13.2.              Thales Group

13.3.              BIO-Key International, Inc.

13.4.              Assa Abloy AB

13.5.              IDEMIA France SAS

13.6.              DERMALOG Identification Systems GmbH

13.7.              Cognitec Systems, GmbH

13.8.              Fujitsu Limited

13.9.              IDEX Biometrics ASA

13.10.            Next Biometrics ASA

13.11.            SecuGen Corporation

13.12.            Aware Inc.

13.13.            Precise Biometrics

13.14.            Fingerprint Cards AB

13.15.            M2SYS Technology

14.  Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com