How big is the Biometrics Market?

The Biometrics Market size is expected to reach USD 51.15 billion in 2024 and grow at a CAGR of 15.30% to reach USD 104.22 billion by 2029. Read More

What is the current Biometrics Market size?

In 2024, the Biometrics Market size is expected to reach USD 51.15 billion. Read More

Who are the key players in Biometrics Market?

Fujitsu Limited, M2SYS Technology, NEC Corporation, Gemalto NV (Thales Group) and Leidos Holdings Inc. are the major companies operating in the Biometrics Market. Read More

Which is the fastest growing region in Biometrics Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Biometrics Market?

In 2024, the North America accounts for the largest market share in Biometrics Market. Read More

What years does this Biometrics Market cover, and what was the market size in 2023?

In 2023, the Biometrics Market size was estimated at USD 44.36 billion. The report covers the Biometrics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biometrics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future trends are expected to influence the Biometrics Market?

Future trends in the Biometric Market include: a) Integration of biometrics with AI for smarter security solutions b) Rise of behavioral biometrics c) Expansion of biometric payment systems Read More

Biometrics Market Report | Industry Analysis, Size & Forecast Outlook

Biometrics Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Biometrics Systems Market Research Report and it is segmented by Type (Hardware, Software, Services), Biometric Type (IRIS Recognition, Hand Geometry, Facial Recognition, Signature Verification, Fingerprint, Voice Recognition, Palm Vein), Contact Type (Contact-based, Non-contact Based), End User (Government and Law Enforcement, Commercial and Retail, Healthcare, BFSI, Travel, and Immigration), and Geography.

Biometrics Industry Overview

The Biometrics Market is highly fragmented due to the presence of various vendors like NEC Corporation, Fujitsu Limited, Leidos Holdings Inc., Gemalto NV (Thales Group), etc., across the world. The market features increasing adoption of Biometrics solutions in various end-user industries. Also, the vendors are making significant product developments to expand their market presence. The market is also viewing strategic partnerships and acquisitions as a lucrative path for expansion.

October 2021 - Thales partnered with Inetum to expand the deployment of its Automated Border Control (ABC) system to three Spanish airports for biometric authentication of travelers. These systems include facial recognition and document verification; these are expected to speed up the border control process, significantly reducing travelers' wait times.
October 2021 - ImageWare Systems developed a biometrically enabled Blockchain-Powered Self Sovereign Identity solution and entered the Self Sovereign Identity market. Adding biometric protection to the identity blockchain provides the final layer of protection the data is secure in digital wallets and only accessible to authorized users.
June 2021 - Phonexia developed new software for audio investigations - Phoenixia Orbis by leveraging its experience from hundreds of public security projects worldwide. This on-premises solution enables law enforcement agencies to extract complex insights from substantial amounts of audio automatically and efficiently, making investigations effortless and straightforward.