Global Biometrics and Identity Management Market Size Study, by Component (Data Storage, Input Extraction, Quality Assessment, Transmission & Signal Processing), by System (Behavioural Biometrics, Physiological Biometrics), by Deployment (On-Cloud, On-Premise), by Application (Banking & Financial Institutions, Border Control & Airport Security, Consumer Electronics, Enterprise, Government & Law Enforcement, Healthcare, Retail & Commerce) and Regional Forecasts 2022-2032
The Global Biometrics and Identity Management Market is valued at approximately USD 36.86 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.87% over the forecast period 2024-2032. Biometrics and identity management technologies have revolutionized the way individuals are authenticated, providing robust security solutions across various sectors. By leveraging intrinsic physical or behavioural traits, these technologies ensure secure and reliable authentication, significantly reducing the risks associated with identity theft and security breaches. The rise in security concerns, coupled with the increasing prevalence of identity theft, has necessitated the adoption of advanced biometric systems.
The global push towards digitalization and the implementation of stringent government regulations for public safety and national identification projects have further fuelled market growth. Innovations in artificial intelligence and machine learning are enhancing the accuracy and efficiency of biometric systems, thereby expanding their applications in banking, finance, healthcare, law enforcement, travel, and consumer electronics. Cloud-based biometric solutions are gaining traction due to their scalability and ease of integration. These solutions offer cost-effective and flexible deployment options, catering to the dynamic needs of various organizations. Additionally, the post-pandemic era has witnessed a surge in demand for contactless authentication methods, driving the adoption of biometrics in sectors such as travel and healthcare. However, the high costs associated with biometric systems and privacy & data protection concerns are anticipated to restrain market growth between 2024 and 2032.
The key regions considered for the Global Deep Brain Stimulation Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America leads the market, with significant advancements and investments in biometric technologies. The presence of major market players and extensive government initiatives, such as the Next Generation Identification (NGI) system in the United States, underscore the region's dominance. Furthermore, the Asia-Pacific region is poised for rapid growth, driven by large-scale government projects such as India's Aadhaar biometric database and China's social credit system, alongside burgeoning economic development and technological adoption.
Major market players included in this report are:Apple Inc.
NEC Corporation
Thales Group
IDEMIA France SAS
Fujitsu Limited
Assa Abloy AB
Aware, Inc.
Sensory Inc.
FaceTec, Inc.
Imprivata, Inc.
Iris ID Systems, Inc.
Precise Biometrics AB
Johnson Control International PLC
Allegion PLC
Unisys Corporation
The detailed segments and sub-segment of the market are explained below:By Component
Data Storage
Input Extraction
Quality Assessment
Transmission & Signal Processing
By System
Behavioural Biometrics
Physiological Biometrics
By Deployment
On-Cloud
On-Premise
By Application
Banking & Financial Institutions
Border Control & Airport Security
Consumer Electronics
Enterprise
Government & Law Enforcement
Healthcare
Retail & Commerce
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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