Biometric Scan Software Market Trends

Statistics for the 2023 & 2024 Biometric Scan Software market trends, created by Mordor Intelligence™ Industry Reports. Biometric Scan Software trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

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Team License

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Corporate License

$8750

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Market Trends of Biometric Scan Software Industry

This section covers the major market trends shaping the Biometric Scan Software Market according to our research experts:

Healthcare Sector Expected to Hold Major Share

  • In terms of the end-user industries, the healthcare sector is expected to drive technological transformation within the market. Biometric solutions in hospitals provide secure access to information and meaningful cost savings through fraud reduction. For instance, it cuts the cost associated with duplication of patient medical records, and thus, enhances the data security.
  • Biometric scanning technologies are fueling developments and improvements in the care delivery system in the healthcare sector. Moreover, incremental innovations in the field of communication have led to the use of IoT, thus, improving the healthcare management system. This factor has created an immense demand for biometric scan software in the current market scenario.
  • The increasing number of data breaches in the healthcare industry, giving rise to the adoption of biometric scan software. In 2018,  multiple US-based companies involved themselves in the healthcare sector, including Arm, ForgeRock, Philips, Qualcomm Life, Sparsa, and US TrustedCare announced that they had banded together to establish “OpenMedReady“, a standards body focused on ensuring that the patient data used by healthcare practitioners is accurate. They indicated that smartphone-based fingerprint recognition will be a key element in their framework, as a means of tying medical data directly to patients.
Biometric Scan Software Market Share

North America to Account for the Major Market Share

  • North America is one of the largest markets for biometric scan software and is largely driven by the swift market penetration and presence of large companies working on the technology.
  • Stricter regulations for fraud detection and risk analysis are the driving factors for its paced adoption in the BFSI segments. The adoption of the security-related infrastructure in North America is profoundly impacted by the presence of regulatory, as well as corporate policies of the businesses.
  • A recent report by Spiceworks, an online IT community, on the adoption and security of biometric authentication technology in the corporate workplace showed that 62% of organizations in North America currently use some sort of biometric authentication technology. The community surveyed 492 professionals from North America and Europe in February 2018.
Biometric Scan Software Market Analysis

Biometric Scan Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)