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Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 141 pages | ID: B418F15C48AEN
IMARC Group

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The global biometrics market size reached US$ 33.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 87.4 Billion by 2028, exhibiting a growth rate (CAGR) of 17.36% during 2023-2028.

Biometrics refers to processes used to authenticate, recognize and identify people based on their physical or behavioral characteristics. They match an individual’s identifiers to their biometric template already stored in the database. Biometrics identifiers can be divided into two categories, namely, physiological and behavioral characteristics. Physiological characteristics include fingerprints, palm veins, palm prints, face, DNA, iris, retina and hand geometry, whereas behavioral characteristics comprise typing patterns and voice and signature recognition.

Global Biometrics Market Drivers:
Biometrics systems are gaining immense popularity across the globe as they are easy to use and implement, as well as provide a cost-effective solution for ensuring high-end security and assurance. Apart from this, biometrics technologies are extensively used in both governmental and private organizations, and institutional setups for door access, employee identification and marking attendance. They are also installed in high-security areas to safeguard the facility and reduce the risk of intrusion by identifying unknown people through automated biometrics recognition. Furthermore, many companies are entering into partnerships to expand their operations across the globe. For instance, Microsoft has recently tested and qualified BIO-Key’s three new compact USB fingerprint reader accessories, SideSwipe, SideTouch, and EcoID, to support the latest biometric authentication sign-in option in Windows 10. Besides this, the introduction of multimodal biometrics that uses more than one behavioral or physiological characteristic for authentication is expected to offer improved recognition and security performance. Moreover, the coronavirus disease (COVID-19) outbreak has led a shift toward contactless biometrics systems that analyze face, gait and voice recognition for identity authentication.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biometrics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, functionality, authentication, component and end-user.

Breakup by Technology:

Face Recognition
Hand Geometry
Voice Recognition
Signature recognition
Iris recognition
AFIS
Non-AFIS
Others

Breakup by Functionality:

Contact
Non-contact
Combined

Breakup by Authentication:

Single-Factor Authentication
Multifactor Authentication

Breakup by Component:

Hardware
Software

Breakup by End-User:

Government
Defense Services
Banking and Finance
Consumer Electronics
Healthcare
Commercial Safety and Security
Transport/Visa/Logistics
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The global biometrics market consists of numerous small and large manufacturers. Some of the leading players operating in the market are Accu-Time Systems, BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, 3M Cogent, Inc., IDTECK, NEC Corporation, Siemens AG, RCG Holdings, Ltd., Suprema, Inc., Lumidigm, Inc., IrisGuard, Inc., Daon, Inc., DigitalPersona, Inc. and Morpho SA (Safran).

Key Questions Answered in This Report

1. What was the size of the global biometrics market in 2022?
2. What is the expected growth rate of the global biometrics market during 2023-2028?
3. What are the key factors driving the global biometrics market?
4. What has been the impact of COVID-19 on the global biometrics market?
5. What is the breakup of the global biometrics market based on the technology?
6. What is the breakup of the global biometrics market based on the functionality?
7. What is the breakup of the global biometrics market based on the authentication?
8. What is the breakup of the global biometrics market based on the component?
9. What is the breakup of the global biometrics market based on the end-user?
10. What are the key regions in the global biometrics market?
11. Who are the key players/companies in the global biometrics market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL BIOMETRICS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Technology
5.5 Market Breakup by Functionality
5.6 Market Breakup by Component
5.7 Market Breakup by Authentication
5.8 Market Breakup by End-User
5.9 Market Breakup by Region
5.10 Market Forecast

6 MARKET BREAKUP BY TECHNOLOGY

6.1 Face Recognition
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Hand Geometry
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Voice Recognition
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Signature Recognition
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Iris Recognition
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 AFIS
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7 Non-AFIS
  6.7.1 Market Trends
  6.7.2 Market Forecast
6.8 Others
  6.8.1 Market Trends
  6.8.2 Market Forecast

7 MARKET BREAKUP BY FUNCTIONALITY

7.1 Contact
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Non-contact
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Combined
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY COMPONENT

8.1 Hardware
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Software
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY AUTHENTICATION

9.1 Single-Factor Authentication
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Multifactor Authentication
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END-USER

10.1 Government
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Defense Services
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Banking and Finance
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Consumer Electronics
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Healthcare
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Commercial Safety and Security
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Transport/Visa/Logistics
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2 Europe
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3 Asia Pacific
  11.3.1 Market Trends
  11.3.2 Market Forecast
11.4 Middle East and Africa
  11.4.1 Market Trends
  11.4.2 Market Forecast
11.5 Latin America
  11.5.1 Market Trends
  11.5.2 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Accu-Time Systems, Inc.
  16.3.2 BIO-Key International, Inc.
  16.3.3 Cognitec Systems, GmbH
  16.3.4 Fujitsu Limited
  16.3.5 3M Cogent, Inc.
  16.3.6 IDTECK,
  16.3.7 NEC Corporation
  16.3.8 Siemens AG
  16.3.9 RCG Holdings, Ltd.
  16.3.10 Suprema, Inc.
  16.3.11 Lumidigm, Inc.
  16.3.12 IrisGuard, Inc.
  16.3.13 Daon, Inc.
  16.3.14 DigitalPersona, Inc.
  16.3.15 Morpho SA (Safran)

LIST OF TABLES

Table 1: Global: Biometrics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Biometrics Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Biometrics Market Forecast: Breakup by Functionality (in Million US$), 2023-2028
Table 4: Global: Biometrics Market Forecast: Breakup by Authentication (in Million US$), 2023-2028
Table 5: Global: Biometrics Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 6: Global: Biometrics Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 7: Global: Biometrics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Biometrics Market Structure
Table 9: Global: Biometrics Market: Key Players

LIST OF FIGURES

Figure 1: Global: Biometrics Market: Major Drivers and Challenges
Figure 2: Global: Biometrics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Biometrics Market: Breakup by Technology (in %), 2022
Figure 4: Global: Biometrics Market: Breakup by Functionality (in %), 2022
Figure 5: Global: Biometrics Market: Breakup by Authentication (in %), 2022
Figure 6: Global: Biometrics Market: Breakup by Component (in %), 2022
Figure 7: Global: Biometrics Market: Breakup by End-User (in %), 2022
Figure 8: Global: Biometrics Market: Breakup by Region (in %), 2022
Figure 9: Global: Biometrics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Biometrics Industry: SWOT Analysis
Figure 11: Global: Biometrics Industry: Value Chain Analysis
Figure 12: Global: Biometrics Industry: Porter’s Five Forces Analysis
Figure 13: Global: Biometrics (Face Recognition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Biometrics (Face Recognition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Biometrics (Hand Geometry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Biometrics (Hand Geometry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Biometrics (Voice Recognition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Biometrics (Voice Recognition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Biometrics (Signature Recognition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Biometrics (Signature Recognition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Biometrics (Iris Recognition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Biometrics (Iris Recognition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Biometrics (AFIS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Biometrics (AFIS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Biometrics (Non-AFIS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Biometrics (Non-AFIS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Biometrics (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Biometrics (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Biometrics (Contact) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Biometrics (Contact) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Biometrics (Non-contact) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Biometrics (Non-contact) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Biometrics (Combined) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Biometrics (Combined) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Biometrics (Single-Factor Authentication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Biometrics (Single-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Biometrics (Multifactor Authentication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Biometrics (Multifactor Authentication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Biometrics (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Biometrics (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Biometrics (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Biometrics (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Biometrics (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Biometrics (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Biometrics (Defense Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Biometrics (Defense Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Biometrics (Banking and Finance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Biometrics (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Biometrics (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Biometrics (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Biometrics (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Biometrics (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Biometrics (Commercial Safety and Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Biometrics (Commercial Safety and Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Global: Biometrics (Transport/Visa/Logistics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Global: Biometrics (Transport/Visa/Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Global: Biometrics (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Global: Biometrics (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: North America: Biometrics Market: Sales Value (In Million US$), 2017 & 2022
Figure 60: North America: Biometrics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Biometrics Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Biometrics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Asia Pacific: Biometrics Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Asia Pacific: Biometrics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Middle East and Africa: Biometrics Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Middle East and Africa: Biometrics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Latin America: Biometrics Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Latin America: Biometrics Market Forecast: Sales Value (in Million US$), 2023-2028


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