Global Biometrics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global biometrics market is expected to register a CAGR of 15.3% during the forecast period. The biometrics market is anticipated to develop at a significant growth rate, owing to the rising number of terrorist activities and the increasing theft activities pertaining to crucial data and information that have raised concerns regarding national security.
Key HighlightsThe Biometrics Market is highly fragmented due to the presence of various vendors like NEC Corporation, Fujitsu Limited, Leidos Holdings Inc., Gemalto NV (Thales Group), etc., across the world. The market features increasing adoption of Biometrics solutions in various end-user industries. Also, the vendors are making significant product developments to expand their market presence. The market is also viewing strategic partnerships and acquisitions as a lucrative path for expansion.
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