Global Biometric System Market is estimated to reach USD 66.4 Billion in 2024

Posted by Manik on January 27th, 2020

The Global Biometric 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 biometric 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 biometric system market.

Biometric systemic one of the most prominent system in terms of identifying and authenticating the individuals in very short period. Biometric systems depend 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.


Biometrics System Market Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global biometric 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 biometric system market is segmented into physiological and behavioral. By component, biometric system market is segmented into hardware and software. By end use industry, biometric system market is segmented into law enforcement and public security, military and defense, civil identification, healthcare and subsidies, corporate, and commercial applications.

Biometrics System Market Report Scope

The report on the biometric system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.



Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017-2024

Base Year for Market Calculation

2018

Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Type, Biometric Sensor, Component, End use Industry

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

 


Companies Covered

  •          NEC Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  •          Gemalto NV
  •          ASSA Abloy AB
  •          id3 Technologies
  •          IDEMIA
  •          Aware, Inc.
  •          Innovatrics
  •          Stanley Black & Decker, Inc.
  •          Precise Biometrics
  •          Other Key Companies

Key Questions answered by the report

  •          What are the major developments impacting the biometric system market and its growth?
  •          What will be the effects of the developments in the biometric system market on the industry and on the market players in the near and far future?
  •          What are the evolving types of the biometric system market?
  •          What are the evolving applications of biometric system market?
  •          What are the major characteristics that will affect the biometric system market growth during the study period?
  •          Who are the key players operating in the biometric system market?
  •          How are the major players leveraging in the existing market conditions?

Report Audience

  •          Biometric System Market Providers
  •          Biometric System Market Solution and Services Suppliers, Distributors and Dealers
  •          End-Users of Varied Segments of Biometric System Market
  •          Government Bodies and Intellectual Institutions
  •          Associations and Industrial Organizations
  •          Research & Consulting Service Providers
  •          Research & Development Organizations
  •          Investment Banks & Private Equity Firms

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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Manik

About the Author

Manik
Joined: January 13th, 2020
Articles Posted: 169

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