Press Release / Technology / Biometric Authentication and Identification Market Overview, Growth, Opportunities and Development 2027

Biometric Authentication and Identification Market Overview, Growth, Opportunities and Development 2027

Market Highlights:

The global biometrics market trends are shifting towards mobile biometrics devices from fixed biometrics devices, and also, the trend of touch-less biometrics is emerging. The biometric devices capture both physiological and behavioural aspects of human beings. In terms of product, the biometrics devices would include products such as fingerprint scanners, facial recognition devices, vein pattern scanners, iris and retina scanners, voice modulation devices, and multimodal devices among others. The integration of biometrics devices in wearable products and rise of portable biometrics devices are the factors that are driving the market.

The global biometric authentication and identification market has evolved though several advancements both in hardware and software. The massive proliferation of Smartphones and tablets has been largely responsible for ramping up the sales for the global market. Growing Popularity of Wearable Technology, Increasing Adoption of E-Commerce Services, Provision of Second/Third Level of Security Using Multimodal Biometric Authentication Systems, Increasing Government Support through Organizations such as DHS (Homeland Security), Increasing Adoption of Biometric Authentication in Banking And Healthcare Sector (E-Banking And Mobile Payments) and Increased Security & Convenience for Consumers.

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Major Key Players

3M Cogent,
Anviz Global,
Apple INC,
Aware INC,
Bio-Key International INC,
Cognitec Systems,
Crossmatch Technologies,
Diamond Fortress Technologies,
Fingerprint Cards AB, Fujitsu Global, Synaptics INC, etc
The global Biometric Authentication and Identification Market has evolved though several advancements both in hardware and software. The massive proliferation of Smartphones and tablets has been largely responsible for ramping up the sales for the global market.

Competitive Analysis

Biometric devices and applications have marked its presence in government organizations, private outfits and institutional setups across the globe. It has become a primary identification method for civil application in many developed as well as developing countries. Biometrics is extensively being used in high security physical as well as logical access. High security military area, nuclear reactors, weapon development facilities, etc. are using biometrics to safeguard the facility and keep intruders away. It is also being used in border control, where identity of people, seeking entry in a country, are verified against what is on record, and unknown people are identified with automated biometric recognition. Biometric devices and applications seem to taking over the world by storm, however, in terms of market penetration, they are still their infancy.

Regional Analysis

North America lead the market for global biometric authentication & identification in 2016, followed by Europe and Asia Pacific. The North America has made considerable investments in setting up biometrics-based security solutions at its borders and airports through its customs and border protection (CBP), a government agency to monitor the influx of immigrants and tourists. All these developments have led to the growth of the biometric system market in North America.

Asia Pacific is adapting biometric systems at a very rapid speed. Ongoing government projects which include issuance of e-passports & visas, and unique identification cards under the Aadhar System (in INDIA), have played a major role in boosting demand for biometric systems in Asia Pacific. Growing digitization in the government sector is expected to further propel use of biometric technology in the country over the next five years

Segmentation

The Biometric Authentication Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by authentication type: Comprises Single Factor Authentication (Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Vein Recognition, Signature Recognition), Multi-Factor Authentication (Biometrics combined with Smart Card Technology, Biometrics combined with Pin Technology)

Segmentation by Motility: Comprises Fixed and Mobile

Segmentation by component: Comprises hardware (Fingerprint readers, Scanners, Camera)

Segmentation by Application : Comprises Enterprise, Banking and financial institutions, Government, Healthcare, Consumer electronics and Retail and commerce among others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

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Study Objectives of Biometric Authentication & Identification

To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Biometric Authentication & Identification market

To provide insights about factors affecting the market growth

To Analyze the Biometric Authentication & Identification market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

To provide country level analysis of the market with respect to the current market size and future prospective

To provide country level analysis of the market for segment by Products, Application, Technology and its sub-segments.

To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

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