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

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from $1,500 117 Pages Triton Market Research July, 2024 TRTN19011185
Best Price Guarantee
Price from $1,500
Length 117 Pages
Publisher Triton Market Research
Published Date July, 2024
SKU TRTN19011185

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



Triton’s research report estimates that the Latin America biometrics in physical access control market is expected to garner revenue at a CAGR of 13.17% during the forecast years 2024-2032.

The biometrics market for physical access control in Latin America is growing due to heightened security concerns, technological advancements, and increased government initiatives to bolster security infrastructure. Countries in the region are adopting biometric systems to address crime and enhance public safety, especially in urban areas with high crime rates. Some notable companies have established strong positions by offering reliable and advanced biometric solutions tailored to the specific requirements of this region. Hence, there is significant growth potential in sectors such as banking, healthcare, and border control, where biometric access control systems can greatly improve security and operational efficiency.

The countries studied in this region include Brazil, Mexico, and Rest of Latin America.

Brazil captures the highest share in the biometrics in physical access control market, obtaining about $28.79 million in 2023.

As per an industry survey, seven out of ten banks in Brazil currently use face biometrics for client identification. Thus, from the financial sector to criminal use to football admissions, biometrics holds immense potential to verify user identity and prevent unforeseen frauds.

In fact, the rise of mobile-based biometric authentication solutions and their integration with IoT devices present promising opportunities for market players to explore biometric access control mechanism.

Thus, the growing adoption of biometric solutions in sectors like banking, transportation, and retail is contributing to fuel market expansion.

Biometrics In Physical Access Control Market Forecast for Mexico

As per industry sources, Mexico experienced the highest number of cyberattacks in 2023, totaling over 14 million incidents. The increasing adoption of emerging technologies like AI and IoT is compelling the country to enhance its cyber defenses. Furthermore, the growing digitalization of the country’s economy and society has heightened awareness of the risks linked to cybercrime. Such factors create a consistent demand for biometric solutions in order to streamline the identity verification process.

The biometrics in physical access control market is segmented based on end-user and modality. The end-user segment is further branched into BFSI, telecom & IT, healthcare & life sciences, government, transport, retail & e-commerce, logistics, real estate, travel & hospitality, media & entertainment, and other end-users. Major retail chains are deploying biometric access control systems in flagship stores to regulate access to VIP areas and employee-only zones, permitting entry only to authorized personnel with biometric clearance. Methods like palm vein recognition, facial recognition, and voice authentication are gaining traction for securing entry to retail stores, warehouses, and distribution centers.

Contender Analysis in the Biometrics In Physical Access Control Market:

Idemia Group is a provider of augmented identity solutions based in France. The company developed technologies and contactless services leveraging biometrics, AI, and cryptography in the fields of identity management and security of payments. It offers cyber security solutions, including video investigation solutions, biometric identification, contactless smart cards, face detection, and subscription management platforms. It operates in Latin America, North America, Europe, Asia-Pacific, and the Middle East and Africa and is headquartered in Courbevoie, France.

As per its press release in May 2024, the company obtained certification for its mIDReader and Verify SDK under the ISO 18013 Part 5 standard for Mobile Driving License applications. This certification marks a breakthrough in how identity verification is conducted.

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


1. Latin America Biometrics In Physical Access Control Market - Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Biometrics In Physical Access Control Market
2.2. Parent Market Analysis – Biometrics
2.3. Technology Snapshot
2.3.1. Components Of Biometric Access Control System
2.3.2. Types Of Biometric Access Control Systems
2.3.3. Types Of Biometric Access Control Technologies
2.3.4. How Biometric Systems Work
2.4. Porter’s Five Forces Analysis
2.4.1. Threat Of New Entrants
2.4.2. Threat Of Substitutes
2.4.3. Bargaining Power Of Buyers
2.4.4. Bargaining Power Of Suppliers
2.4.5. Threat Of Competitive Rivalry
2.5. Market Attractiveness Index
2.6. Regulatory Framework
2.7. Biometric Solutions—decision-making Factors
2.8. Deployment Considerations For End-user Organizations
2.9. Expansion Prospects
2.9.1. Partner With Hardware, It, And Network Technologies Vendors To Expand User Base
2.9.2. Integrate Biometric Solutions With Conversational Ai To Serve Customers Better
2.9.3. Offer Multimodal Biometrics For Enhanced Accuracy And Flexibility
2.10. Key Market Strategies
2.10.1. Product Launches
2.10.2. Collaborations
2.10.3. Business Expansions & Divestitures
2.10.4. Acquisitions
2.11. Market Drivers
2.11.1. Growing Concerns About Physical Security Breaches And Unauthorized Access
2.11.2. Strict Government Regulations Requiring Biometric Systems In Sensitive Areas
2.11.3. Ongoing Innovation In Biometric Technologies To Improve Accuracy And Reliability
2.12. Market Challenges
2.12.1. Increasing Concerns About The Collection And Storage Of Biometric Data
2.12.2. High Initial Setup Costs And Integration Complexities For Deploying Biometric Systems
2.12.3. Compatibility Issues Between Different Biometric Systems And Existing Infrastructure
2.13. Market Opportunities
2.13.1. Integration With Iot And Ai
2.13.2. Rise Of Mobile Biometrics
2.13.3. Emergence Of Multimodal Biometrics
2.13.4. Growth Of Cloud-based Solutions
2.14. Analyst Perspective
3. Latin America Biometrics In Physical Access Control Market - By Modality
3.1. Facial-based Modality
3.1.1. 3d Facial Biometric Recognition
3.1.2. 2d Facial Biometric Recognition
3.1.3. Facial Biometric Analytics
3.2. Eye-based Modality
3.2.1. Iris Biometric Recognition
3.2.2. Retina Biometric Recognition
3.3. Hand-based Modality
3.3.1. Fingerprint Biometric Recognition
3.3.2. Vein Biometric Recognition
3.3.3. Palm-print Biometric Recognition
3.4. Voice-based Modality
3.4.1. Active Voice Biometric Recognition
3.4.2. Passive Voice Biometric Recognition
3.5. Handwritten-based Modality
3.6. Other Modalities
4. Latin America Biometrics In Physical Access Control Market - By End-user
4.1. Bfsi
4.2. Government
4.3. Healthcare & Life Sciences
4.4. Telecom & It
4.5. Retail & E-commerce
4.6. Transport
4.7. Logistics
4.8. Media & Entertainment
4.9. Travel & Hospitality
4.10. Other End-users
5. Latin America Biometrics In Physical Access Control Market – By Country Outlook
5.1. Latin America
5.1.1. Latin America Market By Modality
5.1.1.1. Latin America Market By Facial-based Modality
5.1.1.2. Latin America Market By Eye-based Modality
5.1.1.3. Latin America Market By Hand-based Modality
5.1.1.4. Latin America Market By Voice-based Modality
5.1.2. Latin America Market By End-user
5.1.3. Country Analysis
5.1.3.1. Brazil
5.1.3.1.1. Brazil Biometrics In Physical Access Control Market Forecast And Prospects
5.1.3.2. Mexico
5.1.3.2.1. Mexico Biometrics In Physical Access Control Market Forecast And Prospects
5.1.3.3. Rest Of Latin America
5.1.3.3.1. Rest Of Latin America Biometrics In Physical Access Control Market Forecast And Prospects
6. Competitive Landscape
6.1. Thales Group
6.1.1. Overview
6.1.2. Product Portfolio
6.1.3. Strengths
6.1.4. Challenge
6.2. Bosch Security System Inc
6.2.1. Overview
6.2.2. Product Portfolio
6.2.3. Strengths
6.2.4. Challenge
6.3. Honeywell International Inc
6.3.1. Overview
6.3.2. Product Portfolio
6.3.3. Strengths
6.3.4. Challenges
6.4. Johnson Controls Inc
6.4.1. Overview
6.4.2. Product Portfolio
6.4.3. Strengths
6.4.4. Challenge
6.5. Allegion Plc
6.5.1. Overview
6.5.2. Product Portfolio
6.5.3. Strengths
6.5.4. Challenge
6.6. Nec Corporation
6.6.1. Overview
6.6.2. Portfolio
6.6.3. Strengths
6.6.4. Challenge
6.7. Idemia Group
6.7.1. Overview
6.7.2. Portfolio
6.7.3. Strengths
6.7.4. Challenge
6.8. Axis Communications Ab
6.8.1. Overview
6.8.2. Portfolio
6.8.3. Strengths
6.8.4. Challenge
6.9. Avigilon Corporation
6.9.1. Overview
6.9.2. Portfolio
6.10. Assa Abloy Ab Group
6.10.1. Overview
6.10.2. Product Portfolio
6.10.3. Strengths
6.10.4. Challenge
6.11. Schneider Electric Se
6.11.1. Overview
6.11.2. Product Portfolio
6.11.3. Strengths
6.11.4. Challenge
6.12. Identiv Inc
6.12.1. Overview
6.12.2. Product Portfolio
6.12.3. Strengths
6.12.4. Challenge
6.13. Nedap Nv
6.13.1. Overview
6.13.2. Product Portfolio
6.13.3. Strengths
6.13.4. Challenges
6.14. Dormakaba Holding Ag
6.14.1. Overview
6.14.2. Product Portfolio
6.14.3. Strengths
6.14.4. Challenge
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
List Of Tables
Table 1: Latin America Biometrics In Physical Access Control Market, By Country Outlook, 2024-2032 (In $ Million)
Table 2: List Of Product Launches In Latin America Biometrics In Physical Access Control Market
Table 3: List Of Collaborations In Latin America Biometrics In Physical Access Control Market
Table 4: List Of Business Expansions & Divestitures In Latin America Biometrics In Physical Access Control Market
Table 5: List Of Acquisitions In Latin America Biometrics In Physical Access Control Market
Table 6: Latin America Biometrics In Physical Access Control Market, By Modality, 2024-2032 (In $ Million)
Table 7: Latin America Biometrics In Physical Access Control Market, By Facial-based Modality, 2024-2032 (In $ Million)
Table 8: Latin America Biometrics In Physical Access Control Market, By Eye-based Modality, 2024-2032 (In $ Million)
Table 9: Latin America Biometrics In Physical Access Control Market, By Hand-based Modality, 2024-2032 (In $ Million)
Table 10: Latin America Biometrics In Physical Access Control Market, By Voice-based Modality, 2024-2032 (In $ Million)
Table 11: Latin America Biometrics In Physical Access Control Market, By End-user, 2024-2032 (In $ Million)
Table 12: Latin America Biometrics In Physical Access Control Market, By Country Outlook, 2024-2032 (In $ Million)
List Of Figures
Figure 1: Data Workflow – Biometric In Physical Access Control
Figure 2: Market Maturity Analysis
Figure 3: Latin America Biometrics In Physical Access Control Market, By Modality, 2023 & 2032 (In %)
Figure 4: Latin America Biometrics In Physical Access Control Market, By Facial-based Modality, 2024-2032 (In $ Million)
Figure 5: Latin America Biometrics In Physical Access Control Market, By Facial-based Modality, 2023 & 2032 (In %)
Figure 6: Latin America Biometrics In Physical Access Control Market, By 3d Facial Biometric Recognition, 2024-2032 (In $ Million)
Figure 7: Latin America Biometrics In Physical Access Control Market, By 2d Facial Biometric Recognition, 2024-2032 (In $ Million)
Figure 8: Latin America Biometrics In Physical Access Control Market, By Facial Biometric Analytics, 2024-2032 (In $ Million)
Figure 9: Latin America Biometrics In Physical Access Control Market, By Eye-based Modality, 2024-2032 (In $ Million)
Figure 10: Latin America Biometrics In Physical Access Control Market, By Eye-based Modlaity, 2023 & 2032 (In %)
Figure 11: Latin America Biometrics In Physical Access Control Market, By Iris Biometric Recognition, 2024-2032 (In $ Million)
Figure 12: Latin America Biometrics In Physical Access Control Market, By Retina Biometric Recognition, 2024-2032 (In $ Million)
Figure 13: Latin America Biometrics In Physical Access Control Market, By Hand-based Modality, 2024-2032 (In $ Million)
Figure 14: Latin America Biometrics In Physical Access Control Market, By Hand-based Modality, 2023 & 2032 (In %)
Figure 15: Latin America Biometrics In Physical Access Control Market, By Fingerprint Biometric Recognition, 2024-2032 (In $ Million)
Figure 16: Latin America Biometrics In Physical Access Control Market, By Vein Biometric Recognition, 2024-2032 (In $ Million)
Figure 17: Latin America Biometrics In Physical Access Control Market, By Palm-print Biometric Recognition, 2024-2032 (In $ Million)
Figure 18: Latin America Biometrics In Physical Access Control Market, By Voice-based Modlaity, 2024-2032 (In $ Million)
Figure 19: Latin America Biometrics In Physical Access Control Market, By Voice-based Modality, 2023 & 2032 (In %)
Figure 20: Latin America Biometrics In Physical Access Control Market, By Active Voice Biometric Recognition, 2024-2032 (In $ Million)
Figure 21: Latin America Biometrics In Physical Access Control Market, By Passive Voice Biometric Recognition, 2024-2032 (In $ Million)
Figure 22: Latin America Biometrics In Physical Access Control Market, By Handwritten-based Modality, 2024-2032 (In $ Million)
Figure 23: Latin America Biometrics In Physical Access Control Market, By Other Modalities, 2024-2032 (In $ Million)
Figure 24: Latin America Biometrics In Physical Access Control Market, By End-user, 2023 & 2032 (In %)
Figure 25: Latin America Biometrics In Physical Access Control Market, By Bfsi, 2024-2032 (In $ Million)
Figure 26: Latin America Biometrics In Physical Access Control Market, By Government, 2024-2032 (In $ Million)
Figure 27: Latin America Biometrics In Physical Access Control Market, By Healthcare & Life Sciences, 2024-2032 (In $ Million)
Figure 28: Latin America Biometrics In Physical Access Control Market, By Telecom & It, 2024-2032 (In $ Million)
Figure 29: Latin America Biometrics In Physical Access Control Market, By Retail & E-commerce, 2024-2032 (In $ Million)
Figure 30: Latin America Biometrics In Physical Access Control Market, By Transport, 2024-2032 (In $ Million)
Figure 31: Latin America Biometrics In Physical Access Control Market, By Logistics, 2024-2032 (In $ Million)
Figure 32: Latin America Biometrics In Physical Access Control Market, By Media & Entertainment, 2024-2032 (In $ Million)
Figure 33: Latin America Biometrics In Physical Access Control Market, By Travel & Hospitality, 2024-2032 (In $ Million)
Figure 34: Latin America Biometrics In Physical Access Control Market, By Other End-users, 2024-2032 (In $ Million)
Figure 35: Latin America Biometrics In Physical Access Control Market, By Country Outlook, 2023 & 2032 (In %)
Figure 36: Brazil Biometrics In Physical Access Control Market 2024-2032 (In $ Million)
Figure 37: Mexico Biometrics In Physical Access Control Market 2024-2032 (In $ Million)
Figure 38: Rest Of Latin America Biometrics In Physical Access Control Market 2024-2032 (In $ Million)

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