Biometrics and Identity Management Market
Biometrics and Identity Management Market Scope:
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Biometrics and Identity Management Market Size and Growth
The Biometrics and Identity Management market is experiencing robust growth, driven by increasing security concerns and technological advancements. As of 2023, the market size is projected to reach approximately $50 billion, with a compound annual growth rate (CAGR) exceeding 15%, reflecting heightened adoption across various sectors for enhanced identity verification and security solutions.
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Companies Covered
(Covid 19 Impact Covered)
◍ 3M Cogent
◍ ACTAtek
◍ Allegion
◍ Crossmatch
◍ ePortID
◍ Tyco
◍ Herta Security
◍ Iris ID
◍ IriTech
◍ M2SYS Technology
◍ NEC Corporation
◍ SecurAX Tech
◍ SekureID
◍ TENBIO
◍ WatchGuard
The Biometrics and Identity Management Market features key players like 3M Cogent, NEC, and Allegion, offering advanced solutions for security and authentication. These companies innovate through diverse biometric technologies to enhance identity verification, driving market growth. Revenue figures include:
- NEC: ~$4.7 billion
- 3M Cogent: ~$1.1 billion
- Allegion: ~$2.5 billion.
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Market Segmentation
By Application
By Product
Fixed
Mobile ◍ Retail and Commerce
◍ Healthcare
◍ Enterprise
◍ Banking and Financial Institutions
◍ Consumer Electronics
◍ Government
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Market Growth
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$ 1.88 Billion
