The Global Biometrics Market Is Forecasted To Be Worth USD 99.63 Billion By 2027, According To A Current Analysis By Emergen Research. The Key Factors Influencing The Market Include Increasing Usage Of Facial Recognition, Fingerprint Scans, Iris Recognition, And Vein Pattern Recognition In Smartphones & Other Iot Devices Owing To Its More Accurate Personal Identification, Reduced Risks Of Security Breaches, And Huge Overall Growth Of The Iot Device Industry.
The Increasing Number Of Security Breaches And Extensive Rise In The Adoption Of Biometric Systems In Smartphones & Iot Devices Are The Major Factors Influencing The Market Growth.
Biometrics Market Size – USD 33.26 Billion In 2019, Market Growth – CAGR Of 14.6%, Market Trends – Biometric Usage In Smartphones, Tablet, & ATM Machines
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Key Players In The Market Baxter International, Nipro, B. Braun Melsungen, Davita Healthcare Partners, Covidien, Dialysis Clinic, Fresenius Medical Care, Diversified Specialty Institute Holdings, Medical Components, Huaren Pharmaceutical, Nephroplus, Northwest Kidney Centers, Satellite Healthcare, Nxstage Medical, Renal Services, Sandor, Sichuan Kelun Pharmaceutical, And U.S. Renal Care, Among Others.
Extensive Growth In The Smartphone Usage And Higher Requirement Of Effortless & Quick Biometric Security In Smartphone And Tablet Devices Have Been A Huge Impulsive Factor Behind The Growth Of This Market Growth. Smartphone Manufacturers Have Been Investing Enormously In The Research & Development Of A Various Type Of Biometric Techniques And Implementing Those In The Smartphones & Tablets.
The Global Market Landscape Of Biometrics Is Expected To Remain In A Very Competitive And Highly Fragmented Landscape Consisting Of A Number Of Both The Small Start-Ups, Medium Enterprises, And Large Conglomerates. During The Projected Era, Increasing Demand For Technological Development And Higher Diversification In Offered Products Ensure The Enormous Potential For The Innovative Players.
Biometrics Market Research Report Depicts The Latest Market Scenario With Updated Trends And Segmentation Of The Products And Services. The Study Provides Crucial Information On The Market Situation, Size, Share, Growth Factors Of The Biometrics
For The Purpose Of This Report, Emergen Research Has Segmented Into The Global Biometrics Market On The Basis Of Technology, Industry Vertical, Application, System Type, Component, And Region:
Technology Outlook (Revenue: USD Billion; 2017-2027)
Facial Recognition
Fingerprint Recognition
Voice Recognition
Palm Recognition
Iris Recognition
Others
Industry Vertical Outlook (Revenue: USD Billion; 2017-2027)
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; 2017-2027)
Site Access Control
Time Recording
Mobile Application
Web And Workplace
Others
Component Outlook (Revenue: USD Billion; 2017-2027)
Hardware
Software
System Type Outlook (Revenue: USD Billion; 2017-2027)
Unimodal Biometric Systems
Multimodal Biometric Systems
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Further Key Findings From The Report Suggest
In April 2020, TECH5, A Leading Global Technology Company, Launched A Biometric Ekyc Deployment For Its Users In The Country India, Having Partnered With ID R&D. The Biometric Includes Biometric Facial Recognition & Active Liveness Detection Technology.
The Fingerprint Recognition Sub-Segment Led The Market In 2019 With Extensive Usage Of The Fingerprint Sensors And Recognition Systems In Smartphones & Other Iot Devices, Atms, And Many Others. Higher Research & Development Costs Associated With This Sub-Segment Is Also Expected To Add To The Biometrics Market Growth.
The Global Market Landscape Of Biometrics Is Expected To Remain In A Very Competitive And Highly Fragmented Landscape Consisting Of A Number Of Both The Small Start-Ups, Medium Enterprises, And Large Conglomerates. During The Projected Era, Increasing Demand For Technological Development And Higher Diversification In Offered Products Ensure The Enormous Potential For The Innovative Players.
Radical Highlights Of The Biometrics Market Report:
Comprehensive Overview Of The Biometrics Market Along With Analysis Of The Changing Dynamics Of The Market
Growth Assessment Of Various Market Segments Throughout The Forecast Period
Regional And Global Analysis Of The Market Players, Including Their Market Share And Global Position
Growth Strategies Adopted By Key Market Players To Combat The Impact Of The COVID-19 Pandemic On The Market
Impact Of The Technological Developments And R&D Advancements On The Biometrics Market
Information About Profit-Making Strategies And Developmental Strategies Of Major Companies And Manufacturers
Insightful Information For The New Entrants Willing To Enter The Market
Details And Insights About Business Expansion Strategies, Product Launches, And Other Collaborations
The Report Incorporates Advanced Analytical Tools Such As SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, And Investment Return Analysis
The Report Considers The Following Timeline For Market Estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Each Section Of The Report Reveals Critical Information About The Global Biometrics Market That Could Be Used To Ensure Strong Growth In The Coming Years. Our Unique Blend Of Primary And Secondary Research Techniques Helped Us To Recognize Hidden Business Opportunities Available In The Global Biometrics Market, Besides Collecting Significant Insights Of Market Participants And Obtaining Precise Market Data. It Includes Several Research Studies Such As Manufacturing Cost Analysis, Absolute Dollar Opportunity, Pricing Analysis, Company Profiling, Production And Consumption Analysis, And Market Dynamics.
Highlights Of The Biometrics Market Report:
This Research Report Focuses On The Biometrics Market Overview, Market Share, Demand And Supply Ratio, And Import/Export Details, Supply Chain Analysis, And Others.
The Report Includes Different Approaches And Procedures Used By Established Market Players For Efficient Business Decisions.
The Report Offers Detailed Information Regarding The Production Value, Strategies Adopted By The Key Market Players, Their Products/Services Offerings, And Many More.
Table Of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Biometrics Market Segmentation & Impact Analysis
4.1. Biometrics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis
4.2.2.1. Growing Incidences Of Security Breaches
4.2.2.2. Extensive Proliferation Of Smartphone Industry
4.2.2.3. Huge Growth In The Iot Devices & Biometric Implementation In Them
4.2.3. Market Restraints Analysis
4.2.3.1. Rising Cases Of Identity Data Losses
4.2.3.2. Inefficient Research Methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price Trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Biometrics Market By Technology Insights & Trends, Revenue (USD Billion)
5.1. Technology Dynamics & Market Share, 2019 & 2027
5.1.1. Facial Recognition
5.1.2. Fingerprint Recognition
5.1.3. Voice Recognition
5.1.4. Palm Recognition
5.1.5. Iris Recognition
5.1.6. Others
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