Biometric System Market by Component (Hardware, Software), Authentication Type (Multi-Factor Authentication, Single-Factor Authentication), Functionality, Vertical - Global Forecast 2024-2030

Biometric System Market by Component (Hardware, Software), Authentication Type (Multi-Factor Authentication, Single-Factor Authentication), Functionality, Vertical - Global Forecast 2024-2030


The Biometric System Market size was estimated at USD 41.51 billion in 2023 and expected to reach USD 45.98 billion in 2024, at a CAGR 10.99% to reach USD 86.19 billion by 2030.

Global Biometric System Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Biometric System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biometric System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Biometric System Market, highlighting leading vendors and their innovative profiles. These include ASSA ABLOY Group, Aware, Inc., Cognitec Systems GmbH by SALTO Systems, S.L., Daon, Inc., DERMALOG Identification Systems GmbH, FaceTec, Inc., Fingerprint Cards AB, Fujitsu Limited, Fulcrum Biometrics, Inc., ID R&D, IDEMIA Group, Innovatrics, s.r.o., iProov Limited, Jumio Corporation, Mantra Softech Pvt Ltd, NEC Corporation, Neurotechnology, Onfido Limited, Precise Biometrics, Safran S.A., secunet Security Networks AG, Stanley Black & Decker, Inc., Thales Group, and Veridos GmbH by Giesecke+Devrient and Bundesdruckerei.

Market Segmentation & Coverage



This research report categorizes the Biometric System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Hardware
Software
Authentication Type
Multi-Factor Authentication
Single-Factor Authentication
Functionality
Contact-Based
Contactless
Hybrid
Vertical
Automotive
Banking & Finance
Consumer Electronics
Government
Healthcare
Military & Defense
Security
Travel & Immigration
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Biometric System Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biometric System Market?
3. What are the technology trends and regulatory frameworks in the Biometric System Market?
4. What is the market share of the leading vendors in the Biometric System Market?
5. Which modes and strategic moves are suitable for entering the Biometric System Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Biometric System Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increase instances of terror activities and impactful thefts
5.1.1.2. Government initiatives supporting the deployment of biometrics
5.1.1.3. Advancements in biometric access control systems
5.1.2. Restraints
5.1.2.1. Rapid technology evolution and high deployment cost
5.1.3. Opportunities
5.1.3.1. Integration of biometrics with other security systems
5.1.3.2. Introduction of multimodal biometric authentication systems
5.1.4. Challenges
5.1.4.1. Data privacy and security issues
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Biometric System Market, by Component
6.1. Introduction
6.2. Hardware
6.3. Software
7. Biometric System Market, by Authentication Type
7.1. Introduction
7.2. Multi-Factor Authentication
7.3. Single-Factor Authentication
8. Biometric System Market, by Functionality
8.1. Introduction
8.2. Contact-Based
8.3. Contactless
8.4. Hybrid
9. Biometric System Market, by Vertical
9.1. Introduction
9.2. Automotive
9.3. Banking & Finance
9.4. Consumer Electronics
9.5. Government
9.6. Healthcare
9.7. Military & Defense
9.8. Security
9.9. Travel & Immigration
10. Americas Biometric System Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Biometric System Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Biometric System Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. ASSA ABLOY Group
14.1.2. Aware, Inc.
14.1.3. Cognitec Systems GmbH by SALTO Systems, S.L.
14.1.4. Daon, Inc.
14.1.5. DERMALOG Identification Systems GmbH
14.1.6. FaceTec, Inc.
14.1.7. Fingerprint Cards AB
14.1.8. Fujitsu Limited
14.1.9. Fulcrum Biometrics, Inc.
14.1.10. ID R&D
14.1.11. IDEMIA Group
14.1.12. Innovatrics, s.r.o.
14.1.13. iProov Limited
14.1.14. Jumio Corporation
14.1.15. Mantra Softech Pvt Ltd
14.1.16. NEC Corporation
14.1.17. Neurotechnology
14.1.18. Onfido Limited
14.1.19. Precise Biometrics
14.1.20. Safran S.A.
14.1.21. secunet Security Networks AG
14.1.22. Stanley Black & Decker, Inc.
14.1.23. Thales Group
14.1.24. Veridos GmbH by Giesecke+Devrient and Bundesdruckerei
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. BIOMETRIC SYSTEM MARKET RESEARCH PROCESS
FIGURE 2. BIOMETRIC SYSTEM MARKET SIZE, 2023 VS 2030
FIGURE 3. BIOMETRIC SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. BIOMETRIC SYSTEM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. BIOMETRIC SYSTEM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. BIOMETRIC SYSTEM MARKET DYNAMICS
FIGURE 7. BIOMETRIC SYSTEM MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. BIOMETRIC SYSTEM MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. BIOMETRIC SYSTEM MARKET SIZE, BY AUTHENTICATION TYPE, 2023 VS 2030 (%)
FIGURE 10. BIOMETRIC SYSTEM MARKET SIZE, BY AUTHENTICATION TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. BIOMETRIC SYSTEM MARKET SIZE, BY FUNCTIONALITY, 2023 VS 2030 (%)
FIGURE 12. BIOMETRIC SYSTEM MARKET SIZE, BY FUNCTIONALITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. BIOMETRIC SYSTEM MARKET SIZE, BY VERTICAL, 2023 VS 2030 (%)
FIGURE 14. BIOMETRIC SYSTEM MARKET SIZE, BY VERTICAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS BIOMETRIC SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS BIOMETRIC SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES BIOMETRIC SYSTEM MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES BIOMETRIC SYSTEM MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC BIOMETRIC SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC BIOMETRIC SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA BIOMETRIC SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA BIOMETRIC SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. BIOMETRIC SYSTEM MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. BIOMETRIC SYSTEM MARKET SHARE, BY KEY PLAYER, 2023

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