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Global Biometric Technology Market Size, Status and Forecast 2019-2025
SKU ID : QYR-14449891 | Publishing Date : 15-Jul-2019 | No. of pages : 94
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Biometrics technology is used for identification and authentication of individuals by measuring and analyzing their personal traits-fingerprints, iris, hand geometry, voice, face, vascular pattern, palm print, or behavioral characteristics-signature, typing pattern, gait. It is a major industry which forms a significant part of the biometric market.
Biometric technology provides advanced methodology over traditional PIN based methods. This technology is used to secure the sensitive or personal data from fraudulent use of an individual’s possessions, such as ATMs, smart cards, mobile phones or access to desktops, laptops, workstations, or networks by unique identification technique. It uses both physiological as well as psychological traits for identification that makes it beneficial in variety of crucial applications, such as national security, law enforcement, enterprise &e-governance, personal information & business transactions, and others. Biometric systems are designed with a storage component for biometric data samples of individuals and are linked to the information on their identity. Traditional methods could be compromised; for instance, a PIN or password could be forgotten or a key could be lost, but biometric traits are difficult to steal or forget. Owing to its unique characteristics and high security, biometric technology is used in variety of applications in industries, such as defense, government, healthcare, banking & finance, transport & immigration, commercial security, non-commercial safety, and others (hospitality, gaming, automobile, retail).
In 2018, the global Biometric Technology market size was 9560 million US$ and it is expected to reach 38100 million US$ by the end of 2025, with a CAGR of 18.9% during 2019-2025.
This report focuses on the global Biometric Technology status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biometric Technology development in United States, Europe and China.
The key players covered in this study
3M Company (Cogent Systems, Inc.)
Fujitsu Frontech Limited
ImageWare Systems, Inc.
Suprema, Inc.
Safran S.A.
secunet Security Networks AG
Thales S.A.
BIO-key International, Inc.
NEC Corporation
Precise Biometrics
Market segment by Type, the product can be split into
Based on physical characteristics
Based on behavioral characteristics
Market segment by Application, split into
Public sector
Banking & financial sector
Healthcare
IT & telecommunication
Others (hospitality, retail, automotive)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Biometric Technology status, future forecast, growth opportunity, key market and key players.
To present the Biometric Technology development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Biometric Technology are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Biometric technology provides advanced methodology over traditional PIN based methods. This technology is used to secure the sensitive or personal data from fraudulent use of an individual’s possessions, such as ATMs, smart cards, mobile phones or access to desktops, laptops, workstations, or networks by unique identification technique. It uses both physiological as well as psychological traits for identification that makes it beneficial in variety of crucial applications, such as national security, law enforcement, enterprise &e-governance, personal information & business transactions, and others. Biometric systems are designed with a storage component for biometric data samples of individuals and are linked to the information on their identity. Traditional methods could be compromised; for instance, a PIN or password could be forgotten or a key could be lost, but biometric traits are difficult to steal or forget. Owing to its unique characteristics and high security, biometric technology is used in variety of applications in industries, such as defense, government, healthcare, banking & finance, transport & immigration, commercial security, non-commercial safety, and others (hospitality, gaming, automobile, retail).
In 2018, the global Biometric Technology market size was 9560 million US$ and it is expected to reach 38100 million US$ by the end of 2025, with a CAGR of 18.9% during 2019-2025.
This report focuses on the global Biometric Technology status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biometric Technology development in United States, Europe and China.
The key players covered in this study
3M Company (Cogent Systems, Inc.)
Fujitsu Frontech Limited
ImageWare Systems, Inc.
Suprema, Inc.
Safran S.A.
secunet Security Networks AG
Thales S.A.
BIO-key International, Inc.
NEC Corporation
Precise Biometrics
Market segment by Type, the product can be split into
Based on physical characteristics
Based on behavioral characteristics
Market segment by Application, split into
Public sector
Banking & financial sector
Healthcare
IT & telecommunication
Others (hospitality, retail, automotive)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Biometric Technology status, future forecast, growth opportunity, key market and key players.
To present the Biometric Technology development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Biometric Technology are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
