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Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global biometrics market reached a value of US$ 16.7 Billion in 2018. Biometrics refers to processes that are used to recognize, identify and authenticate people based on their physical or behavioral characteristics. They match an individual’s identifiers to their biometric template already stored in the database. Biometrics identifiers can be divided into two categories, namely, physiological and behavioral characteristics. Physiological characteristics include fingerprint, palm print, palm veins, hand geometry, face, DNA, iris and retina, whereas behavioral characteristics comprise typing patterns, voice and signature recognition. Biometrics technologies are employed across schools, colleges, and corporate and government offices as they are reliable, accurate and difficult to forge.

Global Biometrics Market Report

Global Biometrics Market Drivers:

Biometrics technologies, especially fingerprint recognition systems, have witnessed acceptance on a global level owing to their affordability and easy usage. The rising adoption of fingerprint recognition in mobiles, tablets and cloud computing is expected to create a positive outlook for the biometric technologies market. Apart from this, biometrics technologies are employed across numerous government organizations for reliable, stable and enhanced security as biometric traits are difficult to steal or forget. These technologies are also being implemented for e-passport and e-visa programs with the aim of keeping a check on illegal migration, and in the banking and finance sectors to increase efficiency and prevent frauds. Furthermore, the introduction of multimodal biometrics, which make use of more than one behavioral or physiological characteristic for authentication, is expected to improve the recognition and security performance of these systems in the coming years. Owing to these factors, the market is projected to exceed US$ 37.2 Billion by 2024, exhibiting a CAGR of around 14% during 2019-2024.

Report Coverage:

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 Authentication:

  • Single-Factor Authentication
  • Multifactor Authentication


Breakup by Component:

  • Hardware
  • Software


Breakup by End-User:

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


Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America


Competitive Landscape:

The global biometrics market consists of numerous small and large manufacturers. Some of the leading players operating in the market are Accu-Time Systems, BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, 3M Cogent, Inc., IDTECK, NEC Corporation, Siemens AG, RCG Holdings, Ltd., Suprema, Inc., Lumidigm, Inc., IrisGuard, Inc., Daon, Inc., DigitalPersona, Inc. and Morpho SA (Safran).

Key Questions Answered in This Report:

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

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.3    Key Industry Trends
5    Global Biometrics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Technology 
    5.4    Market Breakup by Functionality
    5.5    Market Breakup by Component
    5.6    Market Breakup by Authentication
    5.7    Market Breakup by End-User
    5.8    Market Breakup by Region 
    5.9    Market Forecast 
6    Market Breakup by Technology 
    6.1    Face Recognition 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Hand Geometry 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Voice Recognition 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Signature Recognition 
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Iris Recognition 
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6    AFIS 
        6.6.1    Market Trends
        6.6.2    Market Forecast
    6.7    Non-AFIS 
        6.7.1    Market Trends
        6.7.2    Market Forecast
    6.8    Others 
        6.8.1    Market Trends
        6.8.2    Market Forecast
7    Market Breakup by Functionality
    7.1    Contact 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Non-contact 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Combined  
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Component 
    8.1    Hardware  
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Software 
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Authentication 
    9.1    Single-Factor Authentication 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Multifactor Authentication 
        9.2.1    Market Trends
        9.2.2    Market Forecast
10    Market Breakup by End-User 
    10.1    Government 
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Defense Services  
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Banking and Finance  
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Consumer Electronics  
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Healthcare  
        10.5.1    Market Trends
        10.5.2    Market Forecast
    10.6    Commercial Safety and Security  
        10.6.1    Market Trends
        10.6.2    Market Forecast
    10.7    Transport/Visa/Logistics  
        10.7.1    Market Trends
        10.7.2    Market Forecast
    10.8    Others  
        10.8.1    Market Trends
        10.8.2    Market Forecast
11    Market Breakup by Region 
    11.1    North America 
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe 
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific 
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis 
    12.1    Overview 
    12.2    Strengths
    12.3    Weaknesses 
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis 
14    Porters Five Forces Analysis
 
    14.1     Overview 
    14.2     Bargaining Power of Buyers
    14.3     Bargaining Power of Suppliers 
    14.4     Degree of Competition
    14.5     Threat of New Entrants
    14.6     Threat of Substitutes
15    Price Analysis 
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Accu-Time Systems, Inc.    
        16.3.2    BIO-Key International, Inc. 
        16.3.3    Cognitec Systems, GmbH 
        16.3.4    Fujitsu Limited 
        16.3.5    3M Cogent, Inc. 
        16.3.6    IDTECK, 
        16.3.7    NEC Corporation 
        16.3.8    Siemens AG 
        16.3.9    RCG Holdings, Ltd. 
        16.3.10      Suprema, Inc. 
        16.3.11      Lumidigm, Inc. 
        16.3.12      IrisGuard, Inc. 
        16.3.13      Daon, Inc.  
        16.3.14      DigitalPersona, Inc. 
        16.3.15      Morpho SA (Safran) 


List of Figures

Figure 1: Global: Biometrics Market: Major Drivers and Challenges
Figure 2: Global: Biometrics Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Biometrics Market: Breakup by Technology (in %), 2018
Figure 4: Global: Biometrics Market: Breakup by Functionality (in %), 2018
Figure 5: Global: Biometrics Market: Breakup by Authentication (in %), 2018
Figure 6: Global: Biometrics Market: Breakup by Component (in %), 2018
Figure 7: Global: Biometrics Market: Breakup by End-User (in %), 2018
Figure 8: Global: Biometrics Market: Breakup by Region (in %), 2018
Figure 9: Global: Biometrics Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Biometrics Industry: SWOT Analysis
Figure 11: Global: Biometrics Industry: Value Chain Analysis
Figure 12: Global: Biometrics Industry: Porter’s Five Forces Analysis
Figure 13: Global: Biometrics (Face Recognition) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: Global: Biometrics (Face Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Biometrics (Hand Geometry) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: Global: Biometrics (Hand Geometry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Biometrics (Voice Recognition) Market: Sales Value (in Million US$), 2013 & 2018
Figure 18: Global: Biometrics (Voice Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Biometrics (Signature Recognition) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: Global: Biometrics (Signature Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Biometrics (Iris Recognition) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: Global: Biometrics (Iris Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Biometrics (AFIS) Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: Global: Biometrics (AFIS) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Biometrics (Non-AFIS) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: Global: Biometrics (Non-AFIS) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Biometrics (Other Types) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: Global: Biometrics (Other Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Biometrics (Contact) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: Global: Biometrics (Contact) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Biometrics (Non-contact) Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: Global: Biometrics (Non-contact) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Biometrics (Combined) Market: Sales Value (in Million US$), 2013 & 2018
Figure 34: Global: Biometrics (Combined) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Global: Biometrics (Single-Factor Authentication) Market: Sales Value (in Million US$), 2013 & 2018
Figure 36: Global: Biometrics (Single-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Global: Biometrics (Multifactor Authentication) Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: Global: Biometrics (Multifactor Authentication) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Global: Biometrics (Hardware) Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: Global: Biometrics (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Global: Biometrics (Software) Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: Global: Biometrics (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Global: Biometrics (Government) Market: Sales Value (in Million US$), 2013 & 2018
Figure 44: Global: Biometrics (Government) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 45: Global: Biometrics (Defense Services) Market: Sales Value (in Million US$), 2013 & 2018
Figure 46: Global: Biometrics (Defense Services) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 47: Global: Biometrics (Banking and Finance) Market: Sales Value (in Million US$), 2013 & 2018
Figure 48: Global: Biometrics (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 49: Global: Biometrics (Consumer electronics) Market: Sales Value (in Million US$), 2013 & 2018
Figure 50: Global: Biometrics (Consumer electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 51: Global: Biometrics (Healthcare) Market: Sales Value (in Million US$), 2013 & 2018
Figure 52: Global: Biometrics (Healthcare) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 53: Global: Biometrics (Commercial Safety and Security) Market: Sales Value (in Million US$), 2013 & 2018
Figure 54: Global: Biometrics (Commercial Safety and Security) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 55: Global: Biometrics (Transport/Visa/Logistics) Market: Sales Value (in Million US$), 2013 & 2018
Figure 56: Global: Biometrics (Transport/Visa/Logistics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 57: Global: Biometrics (Others) Market: Sales Value (in Million US$), 2013 & 2018
Figure 58: Global: Biometrics (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 59: North America: Biometrics Market: Sales Value (In Million US$), 2013 & 2018
Figure 60: North America: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 61: Europe: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
Figure 62: Europe: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 63: Asia Pacific: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
Figure 64: Asia Pacific: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 65: Middle East and Africa: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
Figure 66: Middle East and Africa: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 67: Latin America: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
Figure 68: Latin America: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Biometrics Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Biometrics Market Forecast: Breakup by Technology (in Million US$), 2019-2024
Table 3: Global: Biometrics Market Forecast: Breakup by Functionality (in Million US$), 2019-2024
Table 4: Global: Biometrics Market Forecast: Breakup by Authentication (in Million US$), 2019-2024
Table 5: Global: Biometrics Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 6: Global: Biometrics Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 7: Global: Biometrics Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 8: Global: Biometrics Market Structure
Table 9: Global: Biometrics Market: Key Players

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