The global Biometric Technology Market is valued at USD 1.29 billion in 2019 and is expected to reach USD 3.19 billion by 2027 and is expected to grow at a CAGR of 11% from 2021 to 2027.
As the use of biometrics increases in consumer electronic devices for authentication and identification purposes, the need for surveillance and security is increasing as the threat of terrorist attacks increases, and the rapid increase in biometrics technology in automotive applications is the growth of biometric systems. Is the main factor that promotes it.
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Company Profile
- Aware Inc.
- BIO-key International, Inc.
- Fujitsu Limited
- Gemalto NV
- IDEMIA
- ImageWare Systems, Inc.
- NEC Corporation
- Precise Biometrics AB
- Suprema Inc.
- Secunet Security Networks AG
Market – Segmentation
By Type
- Based on physical characteristics
- Face recognition
- Iris recognition
- Fingerprint recognition
- Hand geometry recognition
- Others (DNA, ear)
- Based on behavioral characteristics
- Signature recognition
- Voice recognition
- Middleware recognition
- Others (keystroke, handwriting)
By End User
- Public sector
- Banking & financial sector
- Healthcare
- IT & telecommunication
- Others (hospitality, retail, automotive)
Scope of the Report
The research study analyzes the Global Biometric Technology Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report Global Biometric Technology Market of is available at: https://www.orionmarketreports.com/biometric-technology-market/29905/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Biometric Technology Market Report
1. What was the Biometric Technology Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Biometric Technology Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Biometric Technology Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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