Increasing adoption of creating biometric identities of citizens is expected to drive the biometrics system market during the forecast period
Biometrics System Market: Summary
The Global Biometrics System Market is estimated to reach USD 66.4 Billion in 2024 at a CAGR of 15.6%. Increasing adoption of creating biometric identities of citizens is expected to drive the biometrics system market during the forecast period. However, high implementation and maintenance cost is expected to restrain the market during the forecast period. Ear shape thermography based biometric system is expected to become an opportunity for biometrics system market.
Biometric systemis one of the most prominent system in terms of identifying and authenticating the individuals in very short period. Biometric systems depends on particular data about unique biological traits in order to work effectively.Contrary to passwords biometric data cannot be exchanged or forged. Some key players in Biometric System are NEC Corporation, Gemalto NV, ASSA Abloy AB, id3 Technologies, and Idemia, among others.
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Biometrics System Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global biometrics system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
· On the basis of type, the market is segmented into unimodal and multimodal.
· By biometric sensor, the biometrics system market is segmented into physiological and behavioral.
· By component, biometrics system market is segmented into hardware and software.
· By end use industry, biometrics system market is segmented into law enforcement and public security, military and defense, civil identification, healthcare and subsidies, corporate, and commercial applications.
· NEC Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
· Gemalto NV
· ASSA Abloy AB
· id3 Technologies
· Aware, Inc.
· Stanley Black & Decker, Inc.
· Precise Biometrics
· Other Key Companies
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Biometrics System Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Biometrics System Market by Type
· Biometrics System Market, by Biometric Sensor
· Fingerprint Recognition
· Face Recognition
· Iris Recognition
· DNA Matching
· Vein Pattern Recognition
· Voice Recognition
· Signature Recognition
Biometrics System Market by Component
· Cloud Base
· Software Development Kit (SDK)
Biometrics System Market by End Use Industry
· Law Enforcement and Public Security
· Military and Defense
· Civil Identification
· Healthcare and Subsidies
· Commercial Applications
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Biometrics System Market by Region
· South Korea
· Rest of Asia-Pacific
· North America
· The Netherlands
· Rest of Europe
· Middle East and Africa
· Saudi Arabia
· Rest of Middle East & Africa
· South America
· Rest of South America
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