The North America Enterprise Biometrics Market size is estimated at USD 1.79 billion in 2024, and is expected to reach USD 3.81 billion by 2029, growing at a CAGR of 16.31% during the forecast period (2024-2029).
The North American Enterprise Biometrics Market is fragmented, with several global and local players like Veridium Ltd, Fulcrum Biometrics, Inc., M2SYS Technologies, Aware, Inc., etc. The companies focus on partnerships, collaborations, mergers and acquisitions to remain competitive. Also, players are engaging themselves in acquiring more contracts in the region by showcasing innovative product portfolios. Some of the recent developments are:
• September 2023 - Aware, Inc., a US-based company, announced a new cloud-based AwareIDplatform. The newly enhanced AwareIDplatform offers the reliability and robustness of its core services alongside enhanced front-end document capture and processing functionality, ensuring superior ease of use for users. As per the company, reliability, trust, and convenience are crucial in any authentication or document validation verification process.
• September 2023 - Aware, Inc. announced its formal partner program, which would offer greater transparency and clarity around the company’s products, roadmap, pricing, and incentives for current and future partners. As per the company, more widespread availability of technology, increasing consumer adoption, and unparalleled security are driving a boom in the market for biometric authentication. As per the company, teaming up with Aware bolsters user confidence in document authenticity and dramatically reduces the risk of fraud, all without compromising speed and convenience.
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