Global Biometric Authentication & Identification Market Growth (Status and Outlook) 2023-2029

Global Biometric Authentication & Identification Market Growth (Status and Outlook) 2023-2029

Biometric authentication & identification are physical or behavioral human characteristics to that can be used to digitally identify a person to grant access to systems, devices or data. Examples of these biometric identifiers are fingerprints, facial patterns, voice or typing cadence. Each of these identifiers is considered unique to the individual, and they may be used in combination to ensure greater accuracy of identification. In this report, we mainly focus on the biometric authentication and identification Integrators (solution with hardware and software).
LPI (LP Information)' newest research report, the “Biometric Authentication & Identification Industry Forecast” looks at past sales and reviews total world Biometric Authentication & Identification sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Authentication & Identification sales for 2023 through 2029. With Biometric Authentication & Identification sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Authentication & Identification industry.
This Insight Report provides a comprehensive analysis of the global Biometric Authentication & Identification landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric Authentication & Identification portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biometric Authentication & Identification market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Authentication & Identification and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric Authentication & Identification.
The global Biometric Authentication & Identification market size is projected to grow from US$ 17930 million in 2022 to US$ 54190 million in 2029; it is expected to grow at a CAGR of 17.1% from 2023 to 2029.
From the different types of biometric authentication & identification, the hardware type held the maximum market share with about 72% in 2019.
For applications of the biometric authentication & identification , the commercial application is the largest segment with a market share of nearly 51% in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Authentication & Identification market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Hardware
Software & Service
Segmentation by application
Government
Banking and Finance
Commercial Application
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IDEMIA
Thales
ASSA ABLOY
NEC
Fujitsu
Stanley Black & Decker
OneSpan
secunet AG
SpeechPro
Dermalog
Suprema
Securiport
Facebanx
Fulcrum Biometrics
M2SYS Technology
Aware
Daon
Ayonix Face Technologies
Cognitec Systems

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