Biometrics Market by Functionality Type (Combined Functionality, Contact Functionality, Noncontact Functionality), Authentication Type (Multifactor Authentication, Single-Factor Authentication), Component, Industry, Deployment - Global Forecast 2023-2030

Biometrics Market by Functionality Type (Combined Functionality, Contact Functionality, Noncontact Functionality), Authentication Type (Multifactor Authentication, Single-Factor Authentication), Component, Industry, Deployment - Global Forecast 2023-2030

The Biometrics Market is projected to reach USD 98.92 billion by 2030 from USD 30.08 billion in 2022, at a CAGR of 16.04% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Biometrics Market.

• Based on Functionality Type, market is studied across Combined Functionality, Contact Functionality, and Noncontact Functionality. The Noncontact Functionality is projected to witness significant market share during forecast period.
• Based on Authentication Type, market is studied across Multifactor Authentication and Single-Factor Authentication. The Multifactor Authentication is further studied across Multimodal Biometrics, Pin With Biometrics, and Smart Card With Biometrics. The Multimodal Biometrics is further studied across Three-Factor Biometrics and Two-Factor Biometrics. The Single-Factor Authentication is further studied across Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Signature Recognition, Vein Recognition, and Voice Recognition. The Fingerprint Recognition is further studied across AFIS and Non-AFIS. The Multifactor Authentication is projected to witness significant market share during forecast period.
• Based on Component, market is studied across Hardware and Software. The Hardware is further studied across Camera, Readers, and Scanners. The Hardware is projected to witness significant market share during forecast period.
• Based on Industry, market is studied across Aerospace & Defense, Agriculture, Automotive & Transportation, Building, Construction & Real Estate, Chemicals & Advanced Material, Consumer Goods & Retail, Energy & Utilities, Food & Beverage, Healthcare & Life Sciences, Information Technology, Packaging, and Semiconductor & Electronics. The Aerospace & Defense is projected to witness significant market share during forecast period.
• Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Premise is projected to witness significant market share during forecast period.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Biometrics Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Biometrics Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Biometrics Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Accu-Time Systems, Inc., Assa Abloy AB, Aware, Inc., BIO-key International, Bioenable Technologies Pvt. Limited, Cognitec Systems, GmbH, Daon, Inc., DERMALOG Identification Systems GmbH, DigitalPersona, Inc., Fujitsu Limited, Goggle LLC by Alphabet, Inc., HID Global Corporation, Hitachi Corporation, Honeywell International Inc., IDEMIA Group, Imageware Systems, Inc., International Business Machine Corporation, IrisGuard UK Limited, Leidos, Inc., M2sys Technology, Mastercard International Incorporated, Microsoft Corporation, NEC Corporation, Nuance Communications Inc., Oracle Corporation, S.I.C. Biometrics Global Inc., Siemens AG, Suprema, Inc., and Thales Group.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
5. Product Development & Innovation: 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 for the Biometrics Market?
2. Which products, segments, applications, and areas hold the highest investment potential in the Biometrics Market?
3. What is the competitive strategic window for identifying opportunities in the Biometrics Market?
4. What are the latest technology trends and regulatory frameworks in the Biometrics Market?
5. What is the market share of the leading vendors in the Biometrics Market?
6. Which modes and strategic moves are suitable for entering the Biometrics Market?

Note: PDF & Excel + Online Access - 1 Year