Biometric Systems Market - Forecasts from 2019 to 2024

November 2019 | 109 pages | ID: B0D917A6BD20EN
Knowledge Sourcing Intelligence LLP

Abstracts

The biometric systems market is expected to reach $60.425 billion by 2024 from $27.465 billion in 2018 growing at a CAGR of 14.04%. The biometric system market is expected to grow at a modest rate due to cohesive support by the governments worldwide and favorable regulations are being carried out for triggering the promotion of the biometrics market. The main reason for the adoption of this technology is security. As in today’s era theft and breach of security is easily possible, so taking in consideration security, this market is growing. Simultaneously a growth in cyber-attacks and crimes are pushing the demand of biometric security during the forecasted period.

By verticals the biometric system market is segmented as BFSI, consumer electronics, automotive, government and others. This market is growing in the automotive sector due to increasing vehicle thefts. Due to economic growth across the globe, demands for automotives is increasing at ideal demographic trend, thus the growing automotive production is anticipated to push the demand for biometric systems. In BSFI sector the biometric market is boosting toward growth for justified reasons of uniqueness and security due to increase thefts and cyber crimes. The consumer electronic market will dominate this market as the manufacturers are investing heavily to make the devices more secure.

By geography, biometric system market is segmented as Americas, Europe, Middle East & Africa and Asia Pacific. In Americas this market is expected to grow at a tremendous rate and due to security and scrutiny of employees. Asia Pacific region is adopting the new technologies of biometrics for more security and efficiency. Now the various governments are implementing various security policies which show a growth of this market in the forecasted period.

Major industry players profiled as a part of this report are NEC Corporation, Iris ID Systems Inc, Comfis S.R.O, Princeton Identity, BioRugged, Telepower Communication Co Ltd, Jagstar, Crossmatch, Infinity Optics Solutions Pte Ltd, Cognitec Systems GmbH

Segmentation

The biometric systems market has been segmented by type, verticals, component, and geography.

• By Type
• Single Factor Authentication
• Multi Factor Authentication
• By Verticals
• BFSI
• Consumer Electronics
• Automotive
• Government
• Others
• By Component
• Hardware
• Software
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Others

'The report will be delivered in 3 working days.'

Contents

1. INTRODUCTION

1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY

2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
  4.3.1. Bargaining Power of Suppliers
  4.3.2. Bargaining Power of Buyers
  4.3.3. Threat of New Entrants
  4.3.4. Threat of Substitutes
  4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. BIOMETRIC SYSTEMS MARKET ANALYSIS, BY TYPE

5.1. Introduction
5.2. Single Factor Authentication
5.3. Multi Factor Authentication

6. BIOMETRIC SYSTEMS MARKET ANALYSIS, BY VERTICALS

6.1. Introduction
6.2. BFSI
6.3. Consumer Electronics
6.4. Automotive
6.5. Government
6.6. Others

7. BIOMETRIC SYSTEMS MARKET ANALYSIS, BY COMPONENT

7.1. Introduction
7.2. Hardware
7.3. Software

8. BIOMETRIC SYSTEMS MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction
8.2. North America
  8.2.1. North America Biometric systems Market, By Type, 2018 to 2024
  8.2.2. North America Biometric systems Market, By Verticals, 2018 to 2024
  8.2.3. North America Biometric systems Market, By Component, 2018 to 2024
  8.2.4. By Country
    8.2.4.1. United States
      8.2.4.1.1. By Type
      8.2.4.1.2. By Verticals
      8.2.4.1.3. By Component
    8.2.4.2. Canada
      8.2.4.2.1. By Type
      8.2.4.2.2. By Verticals
      8.2.4.2.3. By Component
    8.2.4.3. Mexico
      8.2.4.3.1. By Type
      8.2.4.3.2. By Verticals
      8.2.4.3.3. By Component
8.3. South America
  8.3.1. South America Biometric systems Market, By Type, 2018 to 2024
  8.3.2. South America Biometric systems Market, By Verticals, 2018 to 2024
  8.3.3. South America Biometric systems Market, By Component, 2018 to 2024
  8.3.4. By Country
    8.3.4.1. Brazil
      8.3.4.1.1. By Type
      8.3.4.1.2. By Verticals
      8.3.4.1.3. By Component
    8.3.4.2. Argentina
      8.3.4.2.1. By Type
      8.3.4.2.2. By Verticals
      8.3.4.2.3. By Component
    8.3.4.3. Others
8.4. Europe
  8.4.1. Europe Biometric systems Market, By Type, 2018 to 2024
  8.4.2. Europe Biometric systems Market, By Verticals, 2018 to 2024
  8.4.3. Europe Biometric systems Market, By Component, 2018 to 2024
  8.4.4. By Country
    8.4.4.1. Germany
      8.4.4.1.1. By Type
      8.4.4.1.2. By Verticals
      8.4.4.1.3. By Component
    8.4.4.2. France
      8.4.4.2.1. By Type
      8.4.4.2.2. By Verticals
      8.4.4.2.3. By Component
    8.4.4.3. United Kingdom
      8.4.4.3.1. By Type
      8.4.4.3.2. By Verticals
      8.4.4.3.3. By Component
    8.4.4.4. Italy
      8.4.4.4.1. By Type
      8.4.4.4.2. By Verticals
      8.4.4.4.3. By Component
    8.4.4.5. Others
8.5. Middle East and Africa
  8.5.1. Middle East and Africa Biometric systems Market, By Type, 2018 to 2024
  8.5.2. Middle East and Africa Biometric systems Market, By Verticals, 2018 to 2024
  8.5.3. Middle East and Africa Biometric systems Market, By Component, 2018 to 2024
  8.5.4. By Country
    8.5.4.1. Saudi Arabia
      8.5.4.1.1. By Type
      8.5.4.1.2. By Verticals
      8.5.4.1.3. By Component
    8.5.4.2. Israel
      8.5.4.2.1. By Type
      8.5.4.2.2. By Verticals
      8.5.4.2.3. By Component
    8.5.4.3. Others
8.6. Asia Pacific
  8.6.1. Asia Pacific Biometric systems Market, By Type, 2018 to 2024
  8.6.2. Asia Pacific Biometric systems Market, By Verticals, 2018 to 2024
  8.6.3. Asia Pacific Biometric systems Market, By Component, 2018 to 2024
  8.6.4. By Country
    8.6.4.1. China
      8.6.4.1.1. By Type
      8.6.4.1.2. By Verticals
      8.6.4.1.3. By Component
    8.6.4.2. Japan
      8.6.4.2.1. By Type
      8.6.4.2.2. By Verticals
      8.6.4.2.3. By Component
    8.6.4.3. South Korea
      8.6.4.3.1. By Type
      8.6.4.3.2. By Verticals
      8.6.4.3.3. By Component
    8.6.4.4. India
      8.6.4.4.1. By Type
      8.6.4.4.2. By Verticals
      8.6.4.4.3. By Component
    8.6.4.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. NEC Corporation
10.2. Iris ID Systems Inc
10.3. Comfis S.R.O
10.4. Princeton Identity
10.5. BioRugged
10.6. Telepower Communication Co., Ltd.
10.7. Jagstar
10.8. Crossmatch
10.9. Infinity Optics Solutions Pte Ltd
10.10. Cognitec Systems GmbH

11. APPENDIX