Biometrics industry

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Biometrics industry Report-Forecast 2023
Biometrics industry Forecast 2023
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1 Copyright 2017 Market Research Future.
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Biometrics industry Forecast 2023
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Biometrics industry Forecast 2023 Summary Biometri
c system refers to biological data used by
technology to identify the person. This systems
enables organization to provide statistical
analysis of physical and behavioral
characteristics of people. In short, biometric
authentication states that each individual is
unique and can be identified by his or her
distinct behavioral and physical traits. The
factors driving Biometrics industry includes,
unique and easy operation of biometric system,
growing terror attacks and increasing crimes are
fueling the market growth. By authentication
type segment, fingerprint recognition technology
accounts for high market share in Biometrics
industry. High implementation of fingerprint
recognition technology in e-passports, travel and
immigration, e-visas and driving license is
fueling the Biometrics industry. According to the
study, by application segment, travel and
immigration sector acquires largest market share,
owing to high adoption of biometric system in
travelling and immigration industry by UK and US
region. The requirement for compliance for
regulatory purpose and internal investigation is
forcing enterprises to adopt biometric system
services. Biometrics industry is segmented on the
basis of authentication type that includes
single factor authentication. This is further
bifurcated into fingerprint authentication, iris
recognition, palm print recognition, finger
recognition and vein recognition. Fingerprint
recognition accounts for highest market share in
biometric system market owing to increased
implementation of it in computers, laptops and
smartphones for security purpose. It is most
commonly used in travelling and immigration
industry due to low cost, easy authentication and
excellent service.
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Biometrics industry Forecast 2023 Major Key
Players The prominent players in the Biometrics
industry are- SA (France), NEC Corporation
(Japan), Fujitsu Ltd. (Japan), BIO-Key
International, Inc. (U.S.), Precise Biometrics
AB (Sweden), Secunet Security Networks AG
(Germany), Thales SA (France), Aware, Inc.
(U.S.), Cognitec Systems GmbH (Germany), Cross
Match Technologies (U.S.), among others.
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Biometrics industry Forecast 2023
Segmentation

• Biometrics industry for segment on the basis of
  component, authentication type, function and
  application.
• Biometrics industry by Component
• Hardware
• Fingerprint readers
• Scanners (Live Scanner, Palm vein scanner)
• Camera (Eye/Iris/Face/Retina camera)
• Others (Microphones, Speakers)
• Software
• Biometrics industry by Authentication Type
• Multi-Factor Authentication
• Biometrics combined with Smart Card Technology
• Biometrics combined with Pin Technology
• Two biometric factor authentications
• Three biometric factor authentications

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Biometrics industry Forecast 2023 Regional
Analysis The regional analysis of Biometrics
industry is being studied for region such as Asia
Pacific, North America, Europe and Rest of the
World. North America region is expected to
account for largest market share in Biometrics
industry owing to high implementation of
biometrics system by government and security
agencies and wide adoption of fingerprint
recognition by US region. Asia-Pacific region is
growing at highest CAGR rate owing to increased
adoption of this system by government in
security of national heritage, airports and
e-passport verification.