Biometrics Technology Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Biometrics Technology Market Size Worth $59.31 Billion By 2025�
The global biometrics technology market size is likely to reach USD 59.31 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 19.5% during the forecast period. Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period. Widening scope of applications of biometrics technology in consumer electronics, in order to improve customer experiences, is poised to augment the market over the same period. Incorporation of biometrics technology into e-commerce applications can enable secure transactions and unfold ample growth opportunities to the market. High initial investment cost is anticipated to hamper growth prospects. Biometrics technology is being increasingly acknowledged for e-passport programs and to keep a check on illegal migrations. Government organizations and defense services are further expected to experience sharp rise in the demand for the technology. In addition, it is used in banking and finance to increase efficiency and to prevent frauds. This is further likely to positively influence the growth of the market.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/biometrics-industry
Follow Us:
Further key findings from the report suggest: • The transport/logistics segment emerged as the leading end-use segment in 2017 and is projected to exhibit a CAGR of 18.1% over the forecast period •
The non-AFIS segment accounted for 38.1% of the overall market revenue in 2017. The technology is used in various enterprises to enable authorized access, owing to its accuracy and efficiency. AFIS applications are also poised to register a significant CAGR during the forecast period, owing to its use in fingerprint and palm identification for many civil applications
•
North America was the largest regional market in 2017. Biometrics technologies are used in various departments in the U.S., owing to their strict security standards
•
Asia Pacific is also anticipated to contribute significantly to the global market, due to increasing use of the technology in countries such as India, China, and Indonesia
•
The key market participants include Accu-Time Systems, Inc.; BIO-key International, Inc.; DavidLink; EyeVerify, Inc.; and FaceFirst.
Grand View Research has segmented the global biometrics technology market based on application, end -use, and region Biometrics Technology Application Outlook (Revenue, USD Million, 2014 - 2025) • Face •
Hand geometry
•
Voice
•
Signature
•
Iris
•
AFIS
•
Non-AFIS
•
Others
Biometrics Technology End-use Outlook (Revenue, USD Million, 2014 - 2025) • Government •
Banking and Finance
•
Consumer Electronics
•
Healthcare
•
Transport/Logistics
•
Defense & Security
•
Others
Biometrics Technology Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America o
Follow Us:
U.S.
o •
•
•
Europe o
U.K.
o
Germany
Asia Pacific o
China
o
India
o
Japan
Latin America o
•
Canada
Brazil
Middle East & Africa
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Biometrics Technology - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 Global Biometrics Technology Market, 2014 - 2025 2.2.1 Global biometrics technology market, by region, 2014 - 2025 2.2.2 Global biometrics technology market, by application, 2014 - 2025 2.2.3 Global biometrics technology market, by end-use, 2014 - 2025 Chapter 3 Biometrics Technology Industry Outlook 3.1 Market Segmentation & Scope 3.2 Market Size and Growth Prospects 3.3 Biometrics Technology - Value Chain Analysis 3.4 Biometrics Technology Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Rising security concerns 3.4.1.2 Favorable regulatory scenario 3.4.2 Market challenge analysis
Follow Us:
3.4.2.1 Data security and privacy issues 3.4.2.2 High cost of technology 3.5 Penetration and Growth Prospect Mapping 3.6 Biometrics Technology - Porter’s five forces analysis 3.7 Biometrics Technology - PESTEL Analysis Chapter 4 Biometrics Technology Application Outlook 4.1 Biometrics Technology Market Share By Application, 2017 4.2 Face 4.2.1 Face biometrics technology market, 2014 - 2025 4.3 Hand geometry 4.3.1 Hand geometry biometrics technology market, 2014 - 2025 4.4 Voice 4.4.1 Voice biometrics technology market, 2014 - 2025 4.5 Signature 4.5.1 Signature biometrics technology market, 2014 - 2025 4.6 Iris 4.6.1 Iris biometrics technology market, 2014 - 2025 4.7 AFIS 4.7.1 AFIS biometrics technology market, 2014 - 2025 4.8 Non-AFIS 4.8.1 Non-AFIS biometrics technology market, 2014 - 2025 4.9 Others 4.9.1 Other biometrics technology market, 2014 - 2025 Chapter 5 Biometrics Technology End-use Outlook 5.1 Biometrics Technology Market Share By End-use, 2017 5.2 Government 5.2.1 Biometrics technology market in government, 2014 - 2025 5.3 Banking & finance 5.3.1 Biometrics technology market in banking & finance, 2014 - 2025 5.4 Consumer electronics 5.4.1 Biometrics technology market in consumer electronics, 2014 - 2025 5.5 Healthcare 5.5.1 Biometrics technology market in healthcare, 2014 - 2025
Follow Us:
5.6 Transport/logistics 5.6.1 Biometrics technology market in transport/logistics, 2014 - 2025 5.7 Defense & security 5.7.1 Biometrics technology market in defense & security, 2014 - 2025 5.8 Others 5.8.1 Biometrics technology market in others end-use, 2014 - 2025 Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
Follow Us: