What is the current Next Generation Biometrics Market size?

The Next Generation Biometrics Market is projected to register a CAGR of 17.01% during the forecast period (2024-2029) Read More

Who are the key players in Next Generation Biometrics Market?

Thales Group, NEC Corporation, Fujitsu Ltd, Siemens AG and IDEMIA are the major companies operating in the Next Generation Biometrics Market. Read More

Which is the fastest growing region in Next Generation 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 Next Generation Biometrics Market?

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

What years does this Next Generation Biometrics Market cover?

The report covers the Next Generation Biometrics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Next Generation Biometrics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Next Generation Biometrics Market - Trends, Report & Industry Forecast

Next Generation Biometrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Next Generation Biometric Collection Market is segmented by type of solution (face recognition, fingerprint recognition, iris recognition, palm print recognition, signature recognition, and other types of solutions), end-user vertical (government, defense, travel and immigration, home security, banking, and financial service, consumer electronics, healthcare, and other end-user verticals), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America). The market sizes and forecasts are provided in value (USD million) for all the above segments.

Next Generation Biometric Industry Overview

The next-generation biometrics market is highly fragmented due to numerous market players investing in technological innovation aligned with the market need. Moreover, the next-generation biometric market is highly competitive due to the expected demand in the future. Some of the key players in the market are Idemia, Fujitsu Ltd., NEC Corporation, Thales Group, and Siemens AG.

September 2022: Onfido, the top worldwide digital identity validation, and authentication supplier launched Motion, a cutting-edge liveness solution for biometrics that will improve its Real Identity Platform. Motion is iBeta Level 2 approved and offers smooth, secure, and inclusive consumer verification.
August 2022: IDEX Biometrics ASA and Realtime AS launched strategic cooperation to create and commercialize the world's inaugural Web3 biometric transaction card with cold storing and digital property wallets, as well as digital identity. In the first half of 2023, the marketplace is predicted to get these all-in-one biometrics payment card that complies with EMV standards.