Press Resease

Biometric Technology Market By Application (Face Recognition, Fingerprint Recognition, Voice Recognition, Signature Recognition, Iris Recognition, Middleware Recognition, AFIS, Hand Geometry Recognition Non-AFIS, and Others) and By End-Use (Government, Banking & Finance, Consumer Electronics, Healthcare, IT & Telecommunication, Transport/Logistics, Defense & Security, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 09-Sep-2019 Category: Technology & Media Report Format : PDF Pages: 148 Report Code: ZMR-4713 Status : Published

Global biometric technology market expected to reach approximately USD 59.43 billion by 2025, growing at a CAGR of slightly above 19.42% between 2019 and 2025. Increasing safety concerns related to traditional old PIN-based method is expected to drive the biometric technology market.

Description

The report analyzes and forecasts the biometric technology market on a global and regional level. The study offers past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of biometric technology market dynamics gives a brief thought about the drivers and restraints of the biometric technology market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the biometric technology market on a global level.

The report gives a transparent view of the biometric technology market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the biometric technology market. To understand the competitive landscape in the biometric technology market, an analysis of Porter’s Five Forces model has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Glkobal Biometric Technology Market

The study provides a crucial view of the biometric technology market by segmenting it based on application, end-use, and region. All the segments of the biometric technology market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some prominent players in the global biometric technology market are 3M, Fujitsu Frontech, Imageware Systems, Suprema, Safran, Secunet Security Networks, Thales, Bio-Key International, NEC Corporation, and Precise Biometrics.

This report segments the global biometric technology market into:

Global Biometric Technology Market: Application Analysis

  • Face Recognition
  • Fingerprint Recognition
  • Voice Recognition
  • Signature Recognition
  • Iris Recognition
  • Middleware Recognition
  • AFIS
  • Hand Geometry Recognition
  • Non-AFIS
  • Others

Global Biometric Technology Market: End-Use Analysis

  • Government
  • Banking and Finance
  • Consumer Electronics
  • Healthcare
  • IT and Telecommunication
  • Transport/Logistics
  • Defense and Security
  • Others

Global Biometric Technology Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Biometric Technology Market, 2016-2025 (USD Billion)
    • 2.2. Biometric Technology Market: Snapshot
  •  
  • Chapter 3. Global Biometric Technology Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. Growing Applications of Biometric Technology in Commercial and Government Sectors
    • 3.5. Restraints
      • 3.5.1. High Initial Investments and Cost of Devices
    • 3.6. Opportunity
      • 3.6.1. Evolving Multilevel Biometric Technology
    • 3.7. Porter's Five Forces Analysis
    • 3.8. PESTLE Analysis
    • 3.9. Biometric Technology Market: Attractiveness Analysis
      • 3.9.1. Market Attractiveness Analysis by Application
      • 3.9.2. Market Attractiveness Analysis by End-Use
      • 3.9.3. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Biometric Technology Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  •  
  • Chapter 5. Biometric Technology Market - Application Analysis
    • 5.1. Global Biometric Technology Market Share, by Application, 2018 and 2025
    • 5.2. Global Biometric Technology Market by Face recognition, 2016-2025 (USD Billion)
    • 5.3. Global Biometric Technology Market by Fingerprint Recognition, 2016-2025 (USD Billion)
    • 5.4. Global Biometric Technology Market by Voice Recognition, 2016-2025 (USD Billion)
    • 5.5. Global Biometric Technology Market by Signature Recognition, 2016-2025 (USD Billion)
    • 5.6. Global Biometric Technology Market by Iris Recognition, 2016-2025 (USD Billion)
    • 5.7. Global Biometric Technology Market by Middleware Recognition, 2016-2025 (USD Billion)
    • 5.8. Global Biometric Technology Market by AFIS, 2016-2025 (USD Billion)
    • 5.9. Global Biometric Technology Market by Hand Geometry Recognition, 2016-2025 (USD Billion)
    • 5.10. Global Biometric Technology Market by Non-AFIS, 2016-2025 (USD Billion)
    • 5.11. Global Biometric Technology Market by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 6. Biometric Technology Market - End-Use Analysis
    • 6.1. Global Biometric Technology Market Share, by End-use, 2018 and 2025
    • 6.2. Global Biometric Technology Market by Government, 2016-2025 (USD Billion)
    • 6.3. Global Biometric Technology Market by Banking and Finance, 2016-2025 (USD Billion)
    • 6.4. Global Biometric Technology Market by Consumer Electronics, 2016-2025 (USD Billion)
    • 6.5. Global Biometric Technology Market by Healthcare, 2016-2025 (USD Billion)
    • 6.6. Global Biometric Technology Market by IT & Telecommunication, 2016-2025 (USD Billion)
    • 6.7. Global Biometric Technology Market by Transport/Logistics, 2016-2025 (USD Billion)
    • 6.8. Global Biometric Technology Market by Defense & Security, 2016-2025 (USD Billion)
    • 6.9. Global Biometric Technology Market by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 7. Biometric Technology Market - Regional Analysis
    • 7.1. Global Biometric Technology Market Share, By Region, 2018 and 2025
    • 7.2. North America
      • 7.2.1. North America Biometric Technology Market, 2016-2025 (USD Billion)
      • 7.2.2. North America Biometric Technology Market Revenue, By Application, 2016-2025 (USD Billion)
      • 7.2.3. North America Biometric Technology Market Revenue, By End-use, 2016-2025 (USD Billion)
      • 7.2.4. The U.S.
        • 7.2.4.1. The U.S. Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.2.4.2. The U.S. Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.2.5.2. Canada Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Biometric Technology Market, 2016-2025 (USD Billion)
      • 7.3.2. Europe Biometric Technology Market Revenue, By Application, 2016-2025 (USD Billion)
      • 7.3.3. Europe Biometric Technology Market Revenue, By End-use, 2016-2025 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.3.4.2. UK Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.3.5.2. France Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.3.6.2. Germany Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.3.7. Rest of Europe
        • 7.3.7.1. Rest of Europe Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.3.7.2. Rest of Europe Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Biometric Technology Market, 2016-2025 (USD Billion)
      • 7.4.2. Asia Pacific Biometric Technology Market Revenue, By Application, 2016-2025 (USD Billion)
      • 7.4.3. Asia Pacific Biometric Technology Market Revenue, By End-use, 2016-2025 (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.4.4.2. China Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.4.5.2. Japan Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.4.6. India
        • 7.4.6.1. India Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.4.6.2. India Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.4.7.2. Rest of Asia Pacific Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Biometric Technology Market, 2016-2025 (USD Billion)
      • 7.5.2. Latin America Biometric Technology Market Revenue, By Application, 2016-2025 (USD Billion)
      • 7.5.3. Latin America Biometric Technology Market Revenue, By End-use, 2016-2025 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.5.4.2. Brazil Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
      • 7.5.5. Rest of Latin America
        • 7.5.5.1. Rest of Latin America Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
        • 7.5.5.2. Rest of Latin America Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Biometric technology Market, 2016-2025 (USD Billion)
      • 7.6.2. The Middle East and Africa Biometric Technology Market Revenue, by Application, 2016-2025 (USD Billion)
      • 7.6.3. The Middle East and Africa Biometric Technology Market Revenue, by End-use, 2016-2025 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. 3M Company
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Fujitsu Frontech
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. ImageWare Systems
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Suprema
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Safran
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Secunet Security Networks
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Thales
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. BIO-Key International
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. NEC Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Precise Biometrics
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

Free Analysis

Biometric technology refers to the utilization of technology to recognize a person based on different biological aspects of a person. Fingerprint recognition is the first biometric technology that has been grouped loosely by digital forensics.

Increasing safety concerns related to traditional old PIN-based method is expected to drive the biometric technology market. It secures one’s personal or sensitive data from fraudulent use, which includes smartcards, mobile phones, ATM pins, access to laptops, workstations, desktops, and networks that require a unique identification technique. Moreover, the surging applications of biometric technology in government and commercial sectors are also fueling the biometric technology market growth. The technology uses psychological and physiological qualities that make its favorable for numerous vital applications, such as law enforcement, national security, e-governance and enterprise, business transactions, and personal information. Furthermore, high security and unique quality of biometric technology make it useful in a variety of industry verticals, such as healthcare, government, defense, transport and immigration, banking and finance, non-commercial safety, and commercial security. Biometric systems store enrolled samples that can be recalled to do a match during authentication. Additionally, the traditional security methods could be compromised when it comes to security; for instance, chances of forgetting a password or PIN and loss of key, but biometric characters are hard to forget or steal. However, the high initial investments and expensive nature of biometrics devices may curtail the biometric technology market.

Glkobal Biometric Technology Market

The application segment of the biometric technology market includes face recognition, non-AFIS, voice recognition, hand geometry recognition, signature recognition, iris recognition, middleware recognition, AFIS, fingerprint recognition, and others. Face recognition is a multi-purpose technology, which is anticipated to grow in the future due to its high adoption in defense, retail, consumer electronics, and law enforcement sectors. The surge for face recognition is gaining popularity specifically for social media integration and smartphone applications. It has huge market potential due to its integration with 2D and 3D recognition systems along with its surging acceptance in the retail sector to differentiate between trustworthy customers and shoplifters.

The Asia Pacific biometric technology market is the fastest-growing region globally. Countries in the Asia Pacific have started standardizing security screening systems for detecting individuals who pose a threat and then search them. The police department in Thailand has already implemented facial recognition systems on all the border checkpoints, which will reduce the number of incidents risking life and property.

Some prominent players in the global biometric technology market are 3M, Fujitsu Frontech, Imageware Systems, Suprema, Safran, Secunet Security Networks, Thales, Bio-Key International, NEC Corporation, and Precise Biometrics.

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