Global Biometric Technology Market estimated to be USD 22.0 billion in 2020 and is predicted to reach USD 58.0 billion by 2025, growing at a CAGR of 21.4% during the forecast period (2020-2025)

Published Date: Nov, 2020

The report "Biometric Technology Market by Type (Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Others), By End Use (Government, Banking & Finance, Transport/Logistics, Defense & Security, Others) - Global Forecast to 2025", market estimated to be USD 22.0 billion in 2020 and is predicted to reach USD 58.0 billion by 2025, growing at a CAGR of 21.4% during the forecast period. Some of the major factors responsible for the growth of biometric technology across the globe is surging demand for high level security in the private, public, and commercial sectors. Moreover, widespread use of biometrics technology in consumer electronics, in order to enhance customer experiences, is also boost the growth of the market. Increasing uses of biometric technology in the e-commerce application for secure transactions also supports in the growth of the global biometric technology market.

Browse 43 market data Tables and 30 Figures spread through 150 Pages and in-depth TOC on " Biometric Technology Market by Type (Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Others), By End Use (Government, Banking & Finance, Transport/Logistics, Defense & Security, Others) - Global Forecast to 2025"

On the basis of end use, the biometric technology market is categorized into government, banking & finance, transport/logistics, defense & security, and others. During the forecast period, the government segment is expected to be largest among all the segments. The technology is widely used to counter issues such as identity theft and illegal migration.

Global Biometric Technology Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Others

Non-AFIS (Largest)

End Use

Government, Banking & Finance, Transport/Logistics, Defense & Security, Others

Government (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

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“North America to hold the largest regional market share in 2019.”

North America is the largest revenue contributor in the biometric technology market. In the region, biometric techniques are widely used in various departments such as commerce, defense, homeland security, justice, and state.

Some of the major players in the global biometric technology market include NEC Corporation, Precise Biometrics AB, Fujitsu Limited, 3M Cogent, Hitachi, FaceFirst, Accu-Time Systems, Inc., AFIX Technologies, BIO-key International, Inc., and Nuance Communications.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Type, End Use, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

NEC Corporation, Precise Biometrics AB, Fujitsu Limited, 3M Cogent, Hitachi, FaceFirst, Accu-Time Systems, Inc., AFIX Technologies, BIO-key International, Inc., and Nuance Communications

Global Biometric Technology Market Coverage

Type Insight and Forecast 2015-2025

  • Face
  • Hand Geometry
  • Voice
  • Signature
  • Iris
  • AFIS
  • Non-AFIS
  • Others

End Use Insight and Forecast 2015-2025

  • Government
  • Banking and Finance
  • Consumer Electronics
  • Healthcare
  • Transport/Logistics
  • Defense & Security
  • Others

Geographical Segmentation

Biometric Technology Market by Region

North America

  • By Type
  • By End Use
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By End Use
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By End Use
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By End Use
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
Our Industry
Global Biometric Technology Market estimated to be USD 22.0 billion in 2020 and is predicted to reach USD 58.0 billion by 2025, growing at a CAGR of 21.4% during the forecast period (2020-2025)