Biometrics: Technologies and Global Markets
The global market for biometric technologies totaled $14.9 billion in 2015 and is expected to reach $41.5 billion by 2020 increasing at a compound annual growth rate (CAGR) of 22.7% from 2015 to 2020.
AFIS and fingerprint technologies as a segment should reach $8.8 billion in 2015 and $24.4 billion by 2020, with a CAGR of 22.8% through the forecast period.
The face, iris, vein, and voice technologies segment of this market will increase from $4.2 billion in 2015 to $11.9 billion by 2020, a CAGR of 22.9% for the period of 2015-2020.
