seobhushan (60)

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Biometrics Market is projected to reach CAGR 13
by 2027
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Key Insights from Biometrics Market

• Biometrics market share from iris recognition
  technology is predicted to witness notable growth
  owing to its widespread adoption as it boasts
  highly accurate user authentication techniques.
  This type of biometric recognition technology
  uses identification algorithms to measure the
  iris boundaries and render a precise and distinct
  representation of individuals among a population.
• Biometric iris recognition technology has a very
  high growth potential in densely populated
  countries owing to its low rate of false matches.
  For instance, more than 1 billion iris data have
  been collected under the Aadhaar Unique
  Identification program by the Government of
  India. Air and seaports in the UAE also use iris
  identity validation for secured entry of people.

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Regional Insights in Biometrics Market

• North America is anticipated to generate
  considerable market share for the global
  biometrics market owing to the flourishing
  consumer electronics sector in the region. There
  has been a growing integration of voice-enabled
  technologies in various high-end systems, such as
  smart home devices in the U.S.
• Various government facilities in the region are
  also installing voice recognition systems to
  easily identify individuals with their unique
  voice patterns. Moreover, the growing adoption of
  these advanced identification and authentication
  solutions across government and defense sectors
  is likely to complement the biometrics business
  in North America.

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Major Companies in Biometrics Market

• Aware Inc.
• Accenture PLC
• ASSA ABLOY AB
• Fujitsu Ltd.
• Idemia
• NEC Corporation
• Nuance Communications Inc.
• Thales Group
• Stanley Convergent Security Solutions Inc.
• Leidos Holdings
• Megvi (Face)

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Industry Coverage

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