Global Biometrics Market Forecast Report 2021 – 2030 – Top Key Players Analysis

In a recent published report, Kenneth Research has updated the Global Biometrics Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Biometrics Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.

Global biometrics market will reach $139.6 billion by 2030, growing by 18.2% annually over 2020-2030 owing to the rising need for advanced biometrics technology amid the COVID-19 pandemic.
Highlighted with 88 tables and 104 figures, this 201-page report “Global Biometrics Market 2020-2030 by Offering, Product Type (Single-Factor, Multi-Factor), Mobility (Fixed, Mobile), Functionality, Deployment, End User, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global biometrics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global biometrics market in every aspect of the classification from perspectives of Offering, Product Type, Mobility, Functionality, Deployment, End User, and Region.

Based on Offering, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
Hardware
• Readers
• Camera
• Scanners
• Other Hardware
Software
Service

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Based on Product Type, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
Single-Factor Authentication
• Fingerprint Recognition (further segmented into AFIS and Non-AFIS)
• Voice Recognition
• Signature Recognition
• Iris Recognition
• Palm/Hand Recognition
• Face Recognition
• Vein Recognition
• DNA Recognition
• GAIT Recognition
• Other Technologies
Multi-Factor Authentication
• Pin with Biometrics
• Smart Card with Biometrics
• Multimodal Biometrics

Based on Mobility, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Fixed Biometrics
• Mobile Biometrics

Based on Functionality, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Contact Biometrics
• Noncontact Biometrics
• Combined Biometrics

Based on Deployment, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• On-Premise Biometrics
• On-Cloud Biometrics

Based on End User, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Government
• Travel
• BFSI
• Healthcare
• E-commerce & Retail
• Defense
• IT & Telecommunication
• Other End-Users

Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• RoW (Saudi Arabia, UAE, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Product Type, Mobility, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global biometrics market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
Accenture PLC
Assa Abloy AB
Aware Inc.
BioEnable Technologies Pvt. Ltd
BioID Technology
Bio-Key International, Inc.
Cognitec Systems GmbH
Fingerprint Cards Ab
Fujitsu Limited
Fulcrum Biometrics LLC
Gemalto NV (Thales Group)
IDEMIA France SAS
ImageWare Systems Inc.
IriTech Inc.
Leidos Holdings Inc.
M2SYS Technology
NEC Corporation
Neurotechnology
Nuance Communications Inc.
Phonexia SRO
Precise Biometrics AB
S.I.C. Biometrics Inc.
Secunet Security Networks
SmilePass
VoiceVault Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)