Market Overview:

The Asia Pacific biometrics market size reached US$ 7.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2027, exhibiting a growth rate (CAGR) of 17.6% during 2022-2027.

Biometrics are employed in access control systems for authenticating the physical and behavioral characteristics of users. These characteristics are stored in the device database, which compares them while providing secure access to systems, devices, or data. As biometrics systems, including fingerprint mapping, facial recognition and retina scan, are reliable, accurate, fast and secure, they are widely utilized in the Asia Pacific region.

The growing instances of security breaches are resulting in the increasing utilization of biometrics systems in various organizations. For example, they are gaining traction in corporate and government facilities for digitizing time and attendance systems. Moreover, the integration of biometrics with point-of-sale (POS) solutions helps organizations manage transactions, cash flow, inventory, billing and payroll. Furthermore, the implementation of biometrics in e-passport and e-visa services to keep track of illegal migration, along with the increasing investments in smart city projects by governments of several countries, is contributing to the market growth. Apart from this, the rising adoption of biometrics security in cloud computing is anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific biometrics market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on technology, functionality, component, authentication and end user.

Breakup by Technology:

• Face Recognition
• Hand Geometry
• Voice Recognition
• Signature Recognition
• Iris Recognition
• AFIS
• Non-AFIS
• Others
   

Breakup by Functionality:

• Contact
• Non-contact
• Combined 
   

Breakup by Component:

• Hardware
• Software
   

Breakup by Authentication:

• Single-Factor Authentication
• Multifactor Authentication
   

Breakup by End User:

• Government
• Defense Services 
• Banking and Finance 
• Consumer Electronics 
• Healthcare 
• Commercial Safety and Security 
• Transport/Visa/Logistics 
• Others 
   

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific biometrics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific biometrics market?
• What are the key regional markets?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the functionality?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the authentication?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Asia Pacific biometrics market and who are the key players?
• What is the degree of competition in the industry?