The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2022-2030. Most importantly, the document empowers business owners to seek information about potential consumers and where they can find them. With an exclusive coverage of the top vendors, the study enables business owners to know more about the local market and locate potential consumers.
In addition, increasing need for high level of security in banking and finance and defense sectors is expected to continue to drive revenue growth of market going ahead. Biometrics provides increased levels of security to providers whether a person is real by verifying identity using several methods such as face recognition, voice recognition, signature recognition, iris recognition, fingerprint recognition, and hand geometry recognition, among others.
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The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the report are:
Fujitsu Limited, NEC Corporation, Thales SA, Assa Abloy AB, IDEMIA Identity and Security France SAS, M2SYS, Inc., DERMALOG Identification Systems GmbH, Aware, Inc., SecuGen Corporation, and BIO-Key International, Inc.
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Emergen Research has segmented global biometrics market on the basis of authentication type, component, functionality, technology, application, end-use, and region:
- Authentication Type Outlook (Revenue, USD Billion; 2019–2030)
- Single-Factor Authentication
- Multi-Factor Authentication
- Component Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
- Functionality Outlook (Revenue, USD Billion; 2019–2030)
- Contact Based
- Non-Contact Based
- Combined
- Technology Outlook (Revenue, USD Billion; 2019–2030)
- Face Recognition
- Voice Recognition
- Signature Recognition
- IRIS Recognition
- Fingerprint Recognition
- Hand Geometry Recognition
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Site Access Control
- Time Recording
- Mobile Application
- Workplace
- Others
- End-use Outlook (Revenue, USD Billion; 2019–2030)
- Banking, Financial Services, and Insurance (BFSI)
- Government and Defense Services
- Consumer Electronics
- Healthcare
- Commercial Safety and Security
- Transport/Logistics
- Retail and E-commerce
- IT and Telecommunication
- Others
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Biometrics market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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