Global Biometrics Spending in Government Market Growth (Status and Outlook) 2023-2029

Global Biometrics Spending in Government Market Growth (Status and Outlook) 2023-2029

Rapid technological advancements in the field of biometric recognition and identification systems along with advancements in computing and other supporting fields, fueled companies spending significantly on research and development in the biometric systems domain. Such technical accomplishments have stemmed from a strong emphasis on the application of such technologies by national governments, which have in turn resulted in a sharp decline in prices of scanning devices and associated components, in the process providing further impetus to investment in the sector.

LPI (LP Information)' newest research report, the “Biometrics Spending in Government Industry Forecast” looks at past sales and reviews total world Biometrics Spending in Government sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometrics Spending in Government sales for 2023 through 2029. With Biometrics Spending in Government sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometrics Spending in Government industry.

This Insight Report provides a comprehensive analysis of the global Biometrics Spending in Government 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 Biometrics Spending in Government portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biometrics Spending in Government market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometrics Spending in Government 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 Biometrics Spending in Government.

The global Biometrics Spending in Government market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Security of data and assets has been a key concern for enterprises, banks, government organizations, telecommunications, hospitals, as well as individuals. Keys, identity badges, and numeric keypads were previously being used to prevent unauthorised access. Technological advancements resulted in the introduction of two-factor authentication, wherein individuals could gain access to secure premises after being authenticated using two different components, such as hardware devices and numeric codes. However, hackers also could easily gain access to hardware devices and obtain numeric codes.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometrics Spending in Government market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Fingerprint Identification
DNA Analysis
Iris Recognition
Facial Recognition
Voice Recognition

Segmentation by application
Hardware in the Government Sector
Software in the Government Sector
Integrated Solutions in the Government Sector
Services in the Government Sector

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.
3M Cogent
BioEnable
Cross Match Technologies
NEC
Safran

Please note: The report will take approximately 2 business days to prepare and deliver.