The Next Generation Biometrics Market size is expected to grow from USD 42.96 billion in 2023 to USD 94.23 billion by 2028, at a CAGR of 17.01% during the forecast period (2023-2028).
One of the key trends witnessed in the next-generation biometrics market is a paradigm shift in business discourse toward more privacy and fewer security threats. The end-users are increasingly looking for integrated solutions rather than depending on conventional methods.
The next-generation biometrics market is highly fragmented due to numerous market players investing in technological innovation aligned with the market need. Moreover, the next-generation biometric market is highly competitive due to the expected demand in the future. Some of the key players in the market are Idemia, Fujitsu Ltd., NEC Corporation, Thales Group, and Siemens AG.
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