Global Government Biometric Market to Post 6.37% CAGR to 2027, Forecasts SDI in Its New Report Published at MarketPublishers.com
25 Sep 2017 • by Natalie Aster
LONDON – The global government biometric market is poised to gain momentum in the offing, posting a CAGR of 6.37% and amounting to USD 7.9 billion by 2027.
The fingerprint recognition segment is set to grab 36.4% of the market due to its pervasive implementation in different government projects worldwide. Facial recognition captures 31% of the marketplace. The iris/retinal identification and signature recognition segments grab 14.7% and 10.8% of the overall market, respectively.
Governments and law enforcement establishments are mapping out manifold long-term e-passport and national ID card programs, which is propelling growth in the biometric market.
The USA, the UK, France, Germany, were one of the first to adopt biometric recognition systems; nevertheless, the technology has currently found a solid foothold in emerging markets like China, India, Brazil, Australia, Mexico, and Saudi Arabia.
New research report “Global Government Biometrics Market 2017-2027” created by SDI presents a granular assessment of the industry worldwide, alongside granular forecasts of the market size over the next decade.
It casts light on the factors that have a bearing on the demand for biometrics in the top spending countries globally, keeps track of key market trends and challenges faced by industry participants, and discusses the latest technological advancements. The study offers an overview of the main channels that are fuelling the world government biometrics market, giving a detailed picture of the future opportunities, leading to revenue growth. The report focuses on the current programs that are being implemented by various countries’ internal ministries. It casts light on the overall competitive landscape with extensive profiles of the leading biometrics service providers worldwide, covering their product lines, alliances, recent contract wins and financials.
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