Biometric Scan Software Industry - Growth, Trends, Forecasts (2023-2028), Technology, Product Type and Company Analysis

Biometric Scan Software Industry - Growth, Trends, Forecasts (2023-2028), Technology, Product Type and Company Analysis

This report examines the biometric scan software industry, including its leading companies. The report aims to give a general picture of the current environment as well as global and regional affairs that influence the development of the various segments of the industry, using available data. A number of industry segments are examined, namely: payments, connected cars, travel and border management, e-governance and identity verification. The Biometrics Scan Software industry has seen significant growth over the past five years, driven by demand from both government and private sectors.

Over the next five years, increased investment from private sectors such as healthcare, construction, finance, and consumer electronics is expected to drive demand for biometric software and boost revenue.

The global biometrics market is forecast to reach $86.1 billion globally by 2028, from ~$47.8 billion in 2023. This includes both the hardware, software and other services. Europe and North America are likely to be the two largest markets for biometrics.

The primary factor influencing the growth of biometrics systems is government adoption. The primary use cases include authorization, identification and verification, e-passport management and national border control. Governments across the world are adopting biometrics technologies as they seek to offer cost-effective, efficient, and safe services to their citizens. This trend is particularly evident in emerging countries.