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Biometric System Market Size, Latest Trends, Future Scenario Analysis 2027

ReportCrux Market Research
Biometric System Market Size, Latest Trends, Future Scenario Analysis 2027

Biometric System Market Size

 Biometric System Market is estimated to grow from USD 32.61 Billion in 2019 to reach USD 100.26 Billion by 2027, at a CAGR of 15.1% during the forecast period from 2020-2027.

Increasing adoption of biometric systems is due to the advantages such as better human resource management, increased convenience and secure identity management and increasing demand for security and surveillance solution to manage threats like terrorist attack are major factors that are propelling the growth of biometric system market. Also, government initiatives to adopt biometrics and technological advancements boost the market growth.

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Biometric System Companies

Here are 14 of the best  Biometric System companies analysis

• Thales


• Safran

• ASSA Abloy

• Precise Biometrics

• Fujitsu

• Stanley Black & Decker

• Secunet Security Networks

• Aware

• Daon

• Cognitec Systems

• Facebanx

• Securiport

• Bio-Key International among others.

Market Overview

The market report covers a basic overview of the market from the industry perspective. This will help the reader to get a gist about different industry dimensions from a manufacturer’s view. The report divides the market into different sections and is comprised of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years. The report provides different statistics and figures and charts that will help analyze trends and global Biometric System market share along with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along with its company landscaping. Product portfolio for each company, recent developments and company strategies are covered along with the company financials.

Segmental and Geographic Analysis

The report describes in detail market segmentation by dividing the market based on its Offering, Authentication Type, Functionality, End User and region and is analyzed from 2016 to 2027 by value and volume. All the segments are evaluated by taking into consideration the historic and future trends. All the segments with the dominating & fastest growing sub-segments and the factors responsible for the same are studied and are mentioned in the report.
Evident quantitative as well as qualitative insights about the segments are covered in the report along with forecast analysis of all the segments that expected to alter the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
Based on the Offering, the global market is segmented into Software and Hardware. Hardware segment is sub-divided into Fingerprint Readers, Scanners and Cameras. Based on the Authentication Type, the global market is segmented into Multi-Factor Authentication and Single-Factor Authentication. Multi-Factor Authentication segment is sub-divided into Smart Card with Biometrics, Multimodal Biometric, Pin with Biometrics. Single-Factor Authentication segment is sub-divided into Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Vein Recognition, Signature Recognition, Voice Recognition and Others (DNA Recognition, Otoacoustic Emissions, Gait Recognition, Keystroke Recognition). Based on the Functionality, the global market is segmented into Combined Functionality, Non-Contact Functionality and Contact Functionality. Based on the End User, the global market is segmented into Government, Healthcare, Military & Defense, Consumer Electronics, Banking & Finance, Travel & Immigration, Automotive and Other End Users. Trend analysis for all the segments is provided in detail in the report.
Market is divided regionally and by country level into North America (U.S. Canada & Rest of North America), Europe (U.K., Germany, France, Italy, Spain, Russia & Rest of Europe), Asia Pacific (China, Japan, India, Australia, Southeast Asia & Rest of Asia Pacific), Latin America (Brazil, Mexico & Rest of Latin America) and Middle East and Africa (Saudi Arabia, South Africa, UAE & Rest of Middle East and Africa).
The report gives the pursuer the complete idea and understanding of the market and the regional and country level value and volume scenario and essentials for the industry. Current market insights on the regional level are studied and centered while market estimation, thus giving the reader a specialized idea & plans, financial as well as recent market advancements globally.

Biometric System Market Segmentation

The market segments are as follows:
By Offering
• Software
• Hardware
o Fingerprint Readers
o Scanners
o Cameras
o Others
By Authentication Type
• Multi-Factor Authentication
o Smart Card with Biometrics
o Multimodal Biometric
o Pin with Biometrics
• Single-Factor Authentication
o Fingerprint Recognition
o Iris Recognition
o Palm Print Recognition
o Face Recognition
o Vein Recognition
o Signature Recognition
o Voice Recognition
o Others (DNA Recognition, Otoacoustic Emissions, Gait Recognition, Keystroke Recognition)
By Functionality
• Combined Functionality
• Non-Contact Functionality
• Contact Functionality
By End User
• Government
• Healthcare
• Military & Defense
• Consumer Electronics
• Banking & Finance
• Travel & Immigration
• Automotive
• Other End Users
By Region
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle-East & Africa
ReportCrux Market Research
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