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According to a new market research report published by Global Market Estimates, the global biometrics market is expected to grow at a CAGR of 14.19% during the forecast period, to reach USD 82.3 Billion by 2026. The demand for Biometrics is projected to grow due to increasing security reasons.
Browse 120 Market Data Tables and 90 Figures spread through 180 Pages and in-depth TOC on “Biometrics Market Size & Volume – Forecasts to 2026” https://www.globalmarketestimates.com/report-summary.php?report_id=1574&report_name=global-biometrics-market
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By Technology (Face Recognition, Hand Geometry, Voice Recognition, Signature Recognition, Iris Recognition, Afis, Non-Afis, Others);
By Functionality (Contact, Non-Contact, Combined),
By Component (Hardware, Software);
By Authentication (Single-Factor Authentication, Multi-Factor Authentication);
By End-User (Defense Services, Banking And Finance, Consumer Electronics, Healthcare, Commercial Safety And Security, Transport/Visa/Logistics, Others);
By Region; By Country; End-use Landscape; Vendor Landscape and Competitor Analysis
Key Market Insights
- Face recognition segment held the largest share in 2026, however Iris Recognition segment is projected to grow at the highest CAGR from 2019 to 2026
- Growing demand in government organizations for high security purposes are the major factors for the growth of the market
- Hardware segment held the largest market share in 2026, however software segment is projected to grow at the highest CAGR from 2019 to 2026
- Software play a major role in ensuring the interoperability and compatibility of biometric devices. The adoption of cloud-based services and AI for biometric devices is expected to boost the requirement for associated software to ensure the compatibility of devices and operating systems for different applications
- Biometrics market in Asia Pacific is expected to grow at the highest CAGR between 2019 and 2026
- The Contact segment held the largest market share in 2026, however the Non-Contact segment is projected to grow at the highest CAGR from 2016 to 2026
- Growing illegal immigration and prevention of frauds is expected to boost the biometrics market during the forecast period
- Major players in the biometrics market include ASSA ABLOY, Gemalto, M2SYS Technology, NEC, Safran, Accu-Time Systems, Bio-Key International, Inc., Cognitech Systems GmbH, Fujitsu Limited, 3M Cogent, Inc, Idteck, Siemens AG, RCG Holdings, LTD., NEC Corporation, and Suprema, Inc., among others.
Browse the Report @: https://www.globalmarketestimates.com/report-summary.php?report_id=1574&report_name=global-biometrics-market
Technology Outlook (Revenue, USD Million, 2019 – 2026)
- Face Recognition
- Hand Geometry
- Voice Recognition
- Signature Recognition
- Iris Recognition
- Afis
- Non-Afis
- Others
Functionality Outlook (Revenue, USD Million, 2019 – 2026)
- Contact
- Non-Contact
- Combined
Component Outlook (Revenue, USD Million, 2019 – 2026)
- Hardware
- Software
Authentication Outlook (Revenue, USD Million, 2019 – 2026)
- Single-Factor Authentication
- Multi-Factor Authentication
End-User Outlook (Revenue, USD Million, 2019 – 2026)
- Defense Services
- Banking And Finance
- Consumer Electronics
- Healthcare
- Commercial Safety And Security
- Transport/Visa/Logistics
- Others
Regional Outlook (Revenue, USD Million, 2019 – 2026)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Chile
- Rest fo CSA
Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Rest of MEA
Request a sample copy of the “Global Biometrics Market Size & Volume – Forecasts to 2026” https://www.globalmarketestimates.com/report-summary.php?report_id=1574&report_name=global-biometrics-market
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