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Press Release:

Global Biometrics Market to Reach US$ 37.2 Billion by 2024, Stimulated by Integration in Consumer Electronics

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Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global biometrics market reached a value of US$ 23.5 Billion in 2020. Biometrics refers to processes used to authenticate, recognize and identify 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 fingerprints, palm veins, palm prints, face, DNA, iris, retina and hand geometry, whereas behavioral characteristics comprise typing patterns and voice and signature recognition.

Global Biometrics Market Drivers:

Biometrics systems are gaining immense popularity across the globe as they are easy to use and implement, as well as provide a cost-effective solution for ensuring high-end security and assurance. Apart from this, biometrics technologies are extensively used in both governmental and private organizations, and institutional setups for door access, employee identification and marking attendance. They are also installed in high-security areas to safeguard the facility and reduce the risk of intrusion by identifying unknown people through automated biometrics recognition. Furthermore, many companies are entering into partnerships to expand their operations across the globe. For instance, Microsoft has recently tested and qualified BIO-Key’s three new compact USB fingerprint reader accessories, SideSwipe, SideTouch, and EcoID, to support the latest biometric authentication sign-in option in Windows 10. Besides this, the introduction of multimodal biometrics that uses more than one behavioral or physiological characteristic for authentication is expected to offer improved recognition and security performance. Moreover, the coronavirus disease (COVID-19) outbreak has led a shift toward contactless biometrics systems that analyze face, gait and voice recognition for identity authentication. Looking forward, IMARC Group expects the global biometrics market to exhibit strong growth during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global biometrics market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, service, organization size, and verticle.

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

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    Impact of COVID-19
    5.4    Market Breakup by Technology 
    5.5    Market Breakup by Functionality
    5.6    Market Breakup by Component
    5.7    Market Breakup by Authentication
    5.8    Market Breakup by End-User
    5.9    Market Breakup by Region 
    5.10    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$), 2015-2020
Figure 3: Global: Biometrics Market: Breakup by Technology (in %), 2020
Figure 4: Global: Biometrics Market: Breakup by Functionality (in %), 2020
Figure 5: Global: Biometrics Market: Breakup by Authentication (in %), 2020
Figure 6: Global: Biometrics Market: Breakup by Component (in %), 2020
Figure 7: Global: Biometrics Market: Breakup by End-User (in %), 2020
Figure 8: Global: Biometrics Market: Breakup by Region (in %), 2020
Figure 9: Global: Biometrics Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 14: Global: Biometrics (Face Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Biometrics (Hand Geometry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Biometrics (Hand Geometry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Biometrics (Voice Recognition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Biometrics (Voice Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Biometrics (Signature Recognition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Biometrics (Signature Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Biometrics (Iris Recognition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Biometrics (Iris Recognition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Biometrics (AFIS) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Biometrics (AFIS) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Biometrics (Non-AFIS) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Biometrics (Non-AFIS) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Biometrics (Other Technologies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Biometrics (Other Technologies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Biometrics (Contact) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Biometrics (Contact) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Biometrics (Non-contact) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Biometrics (Non-contact) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Biometrics (Combined) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Biometrics (Combined) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Biometrics (Single-Factor Authentication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Biometrics (Single-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Biometrics (Multifactor Authentication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Biometrics (Multifactor Authentication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Biometrics (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Biometrics (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Biometrics (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Biometrics (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Biometrics (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Biometrics (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Global: Biometrics (Defense Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Global: Biometrics (Defense Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Global: Biometrics (Banking and Finance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Global: Biometrics (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Global: Biometrics (Consumer Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Global: Biometrics (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Global: Biometrics (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Global: Biometrics (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Global: Biometrics (Commercial Safety and Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Global: Biometrics (Commercial Safety and Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Global: Biometrics (Transport/Visa/Logistics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Global: Biometrics (Transport/Visa/Logistics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Global: Biometrics (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Global: Biometrics (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: North America: Biometrics Market: Sales Value (In Million US$), 2015 & 2020
Figure 60: North America: Biometrics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Europe: Biometrics Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Europe: Biometrics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Asia Pacific: Biometrics Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Asia Pacific: Biometrics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Middle East and Africa: Biometrics Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Middle East and Africa: Biometrics Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Latin America: Biometrics Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Latin America: Biometrics Market Forecast: Sales Value (in Million US$), 2021-2026
 
List of Tables

Table 1: Global: Biometrics Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Biometrics Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: Global: Biometrics Market Forecast: Breakup by Functionality (in Million US$), 2021-2026
Table 4: Global: Biometrics Market Forecast: Breakup by Authentication (in Million US$), 2021-2026
Table 5: Global: Biometrics Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 6: Global: Biometrics Market Forecast: Breakup by End-User (in Million US$), 2021-2026
Table 7: Global: Biometrics Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Biometrics Market Structure
Table 9: Global: Biometrics Market: Key Players

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Key Question Answered in this Report

The global biometrics market reached a value of US$ 23.5 Billion in 2020.

The market is primarily driven by the affordability and easy usage of biometrics technologies, along with the emerging partnerships to expand operations and the introduction of multimodal biometrics that uses more than one behavioral or physiological characteristic for authentication.

The leading biometrics manufacturers are Accu-Time Systems, Inc., BIO-Key International, Inc., Cognitec Systems GmbH, Fujitsu Limited, 3M Cogent, Inc., IDTECK Co. Ltd., NEC Corporation, Siemens AG, RCG Holdings Limited, Suprema, Inc., Lumidigm, Inc., IrisGuard, Inc., Daon, Inc., DigitalPersona, Inc. and Morpho SA (Safran).

At present, Non-AFIS represents the most widely used biometrics technology across the globe. 

The biometrics market to exhibit strong growth during 2021-2026.

On the basis of the functionality, contact represents the largest segment, dominating the market.

Based on the component, the market has been bifurcated into hardware and software.

Single-factor authentication currently accounts for the majority of the total market share.

Region-wise, North America holds the leading position in the market.

The coronavirus disease (COVID-19) outbreak is projected to lead a significant shift toward contactless biometrics solutions, such as iris, facial and voice recognition, for identity authentication, as well as replacing conventional security measures.

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