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