Emerging Biometric Technologies Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Emerging Biometric Technologies Market reached a value of US$ 23.5 Billion in 2020.  The market to grow at a CAGR of around 18% during 2021-2027.

Biometric technology offers a more advanced method than traditional PIN-based methods. This technology is used to protect sensitive personal data from fraudulent use of personal property such as ATMs, smart cards, cell phones or access to desktops, laptops, workstations or networks through unique identification technology. It uses both physiological and psychological traits for identification to aid in a variety of important applications such as national security, law enforcement, corporate and electronic governance, personal information and business transactions, and more. A biometric system is designed as a component that stores a sample of an individual’s biometric data and is associated with an individual’s identity information. Existing methods may be broken. For example, you can forget your PIN or password, or lose your key, but the biometric characteristics are difficult to steal or forget.

Market Segments

Breakup by Technology:

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

Breakup by Functionality:

• Contact
• Non-contact
• Combined

Key Players

Some of the leading players operating in the market are Accu-Time Systems, BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, 3M Cogent, Inc., IDTECK, NEC Corporation, Siemens AG, RCG Holdings, Ltd., Suprema, Inc., Lumidigm, Inc., IrisGuard, Inc., Daon, Inc., DigitalPersona, Inc. and Morpho SA (Safran).

Scope of the Report

The research study analyzes the global Emerging Biometric Technologies industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Emerging Biometric Technologies Market Report

1. What was the Emerging Biometric Technologies Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Emerging Biometric Technologies Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Emerging Biometric Technologies Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.