Europe Biometrics In Physical Access Control Market: Forecast Analysis 2024-2032

Europe Biometrics In Physical Access Control Market: Forecast Analysis 2024-2032

According to Triton’s analysis, the Europe biometrics in physical access control market is projected to rise at a CAGR of 10.74% in revenue over the forecast years 2024-2032.

The European market for biometrics in physical access control is propelled by stringent data protection requirements under the General Data Protection Regulation (GDPR), boosting the adoption of biometric solutions for enhanced security and privacy. This has led to a wider adoption of facial recognition, fingerprint scans, voice and iris recognition, signature-based authentication, and other biometric authentication technology in several workplaces. Smart city initiatives, ongoing digitization, and investments in border control also drive the demand for biometric systems across this region.

The countries explored in this region include the United Kingdom, Germany, France, Spain, Italy, Netherlands, and Rest of Europe.

The United Kingdom secures a major market share with revenue of approximately $110.94 million in 2023.

The UK is experiencing a spike in cyber fraud, with numerous individuals and businesses facing the devastating effects. As per the Global State of Digital Identity Report 2023, 55% of businesses were a victim of fraud attacks last year.

In 2023, nearly 50% of consumers, compared to 43% in 2022, are now considering their biometric data, including fingerprints and facial recognition, to be important and believed as the most efficient and secure way to protect online accounts.

Additionally, companies deploying biometric access control ensure strict adherence to biometric data collection, processing, and storage regulations to comply with the Data Protection Act 2018 and GDPR.

Biometrics In Physical Access Control Market Forecast for Germany

In 2023, Germany incurred around $224 billion in costs due to theft of IT equipment and data, digital espionage, and industrial sabotage. Rising cybercrime numbers highlight the necessity of biometric security systems. Hence, organizations are increasingly seeking innovative biometric solutions that provide robust security alongside user convenience, driven by heightened awareness of security and privacy concerns. The integration of biometrics in physical access control, along with IoT and AI, is driving significant advancements. This convergence also widens the scope to explore alternatives for more intelligent and seamless access control solutions thereby fueling market growth.

The biometrics in physical access control market is segmented based on end-user and modality. The end-user segment comprises BFSI, government, telecom & IT, Retail & E-Commerce, healthcare & life sciences, transport, logistics, real estate, media & entertainment, travel & hospitality, and other end-users. Biometrics are becoming more prevalent in the Telecom & IT industry for physical access control, protecting data centers, server rooms, and telecommunications infrastructure from unauthorized entry. Data centers, for instance, employ biometric access systems to limit access to server racks and networking gear, using biometric data as a distinctive identifier for authorized personnel.

Contender Analysis in the Biometrics In Physical Access Control Market:

Bosch Security Systems Inc designs, manufactures, and markets electronic detection, control, and communication equipment. The company offers security, closed-circuit television components, fire protection, access control and systems. It serves customers globally and creates a broad range of high quality security solutions for all industries. The company offers solutions for Video Systems, Intrusion Alarm, Access Control Systems, Fire Alarm Systems, Public Address Systems, Conference Solutions, Management Software and Services. It has five manufacturing sites across the globe and is headquartered in Grasbrunn, Germany.

The company’s new Mobile Access solution allows seamless management of building and restricted area access without traditional ID cards, enhancing efficiency, security, and convenience for building owners, employees, and visitors.

Other contenders in the studied market are Allegion Plc, Idemia Group, Identiv Inc, Nedap NV, Avigilon Corporation, Axis Communications AB, Schneider Electric SE, Thales Group, Assa Abloy AB Group, NEC Corporation, Honeywell International Inc, Dormakaba Holding AG, Bosch Security System Inc, and Johnson Controls Inc.