The Biometric-market is expected to grow at a significant CAGR in the period from 2021 to 2027. When compared to traditional security systems that rely on passwords, PINs, or smart cards, biometric systems are thought to be more rapid, convenient, and safe. International terrorism, organised crime, and illegal migration linked to identity theft and document fraud have all been helped by these systems. Furthermore, biometric systems are simple to set up and do not require highly trained knowledge to operate.
The growing use of biometrics in consumer electronic devices for authentication and identification, the growing need for surveillance and security in light of the increased threat of terrorist attacks, and the rapid adoption of biometric technology in automotive applications are all driving the biometric system market forward.
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A full report of Global Biometric Market is available at: https://www.orionmarketreports.com/biometric-market/37350/
The following Segmentation are covered in this report:
By Authentication Type and Technology:
- Single-factor authentication
- Fingerprint recognition
- Iris recognition
- Palm recognition
- Face recognition
- Vein recognition
- Signature recognition
- Voice recognition
- Other types of recognition
- Multi-factor authentication
- Biometric Smart Card
- Biometric PIN
- Multimodal
By Type
- Contact-based
- Contactless
- Hybrid
By Type
- Hardware
- Software
By Vertical
- Government
- Military & defense
- Healthcare
- Banking & finance
- Consumer electronics
- Security
- Travel & immigration
- Automotive
- Others verticals
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Biometric Market.
- The market share of the global Biometric Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Biometric Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Biometric Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
