North America Biometrics In Physical Access Control Market: Forecast Analysis 2024-2032
Triton’s research analysis states that the biometrics in physical access control market in North America is expected to achieve revenue at a CAGR of 12.3% during the forecast years 2024-2032.
The biometrics in physical access control market in North America is experiencing substantial growth due to increased awareness of security threats and ongoing innovations in biometric technologies. As per an industry source, more than 75% of Americans have utilized biometric technology, including facial recognition, fingerprint scanning, hand geometry, and signature dynamics. These advancements improve accuracy and reliability, making biometric solutions more appealing for cybercrime mitigation. Furthermore, strict regulations require the use of biometric systems in sensitive areas, compelling organizations to prioritize compliance and security measures. Such factors positively impact the reviewed market.
The countries researched in this region include the United States and Canada.
The United States holds the largest market share, achieving around $696.12 million in 2023.
The Biometrics Industry Survey 2023 states that the advancements in digital identity, a crucial component of biometrics, are anticipated to rise by 30%.
Additionally, the use of biometric authentication in US businesses has tripled over the past three years to address cyber threats.
The rise of smart cities and the Internet of Things (IoT) has led to an increasing demand for biometric solutions that provide robust access control capabilities to secure critical infrastructure, government buildings, corporate offices, and residential complexes. Evidently, biometrics in physical access control market is bound to advance due to the above factors.
Biometrics in Physical Access Control Market Forecast for Canada
Results from Payments Canada’s latest survey revealed that biometric payment methods are now widely appealing to Canadians. Among the common verification methods, 27 percent of Canadians consider fingerprint scanning to be the most secure option for authenticating payment transactions. In addition to this, the government’s investments in smart city initiatives and digital transformation projects are driving the adoption of biometric technologies to secure public infrastructure and services. Consequently, these factors result in a promising expansion of the studied market in the country.
The studied market is categorized into modality and end-user. The modality segment comprises voice-based, facial-based, handwritten-based, eye-based, hand-based, and other modalities. Voice-based biometric recognition systems use unique vocal characteristics for authentication, providing a convenient and non-intrusive method of identity verification. These systems include speaker recognition, which analyzes speech patterns, and voiceprint identification, which focuses on unique voice features like pitch, tone, and cadence.
Contender Analysis in the Biometrics in Physical Access Control Market:
Identiv Inc was founded in 1990 and operates as a security technology company that secures things, data, and physical infrastructures in several regions. The company operates in two segments: Identity and Premises. The company sells its products through systems integrators, dealers, and value-added resellers. The company has its business operations in the Americas, Europe, the Middle East, and the Asia-Pacific and is headquartered in Fremont, California.
In March 2024, the company introduced the ScrambleFactor Reader, integrating biometrics and multi-factor authentication (MFA) to enhance secure access control for federal government environments.
The other important contenders in the biometrics in physical access control market are Allegion Plc, Idemia Group, Schneider Electric SE, Identiv Inc, Nedap NV, Avigilon Corporation, Thales Group, Honeywell International Inc, Axis Communications AB, Johnson Controls Inc, Assa Abloy AB Group, NEC Corporation, Bosch Security System Inc, and Dormakaba Holding AG.