The global biometric systems market is anticipated to grow at a considerable CAGR of 12.4% during the forecast period (2021-2027). The demand for biometric systems with sensors of body temperature detection had dramatically increased during the COVID-19 pandemic as various industries and organizations across the globe have to follow COVID-19 guidelines. ZKTeco Europe, S.L had launched such products to meet this global demand. Similarly, AmpleTrails, Kintronics, Asmang, and many more companies had added such biometric systems to their product portfolio.
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Such innovations and contactless technology will further drive the global biometric systems market during the forecast period. The market players are also using inorganic expansion strategies to extend their market reach. For instance, SECOM Co. had acquired ADT Alarm Monitoring Hong Kong Ltd. in February 2021. Similarly, companies are doing sales partnering with other companies, for instance, Suprema, Inc. had partnered with DVS Ltd. in November 2020 to expand its business in the UK market.
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Global Biometric Systems Market Report Segment
By Technology
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Palm Print Recognition
- Signature Recognition
- Others
By Function
- Contact-based
- Contactless
- Hybrid
By Authentication Level
- Single-factor Authentication
- Multi-level Authentication
By Function
- Hardware
- Software
By End-user
- Banking & Finance
- Home Security
- Travel & Immigration
- Military & Defense
- Healthcare
- Government
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
