Europe Biometrics Market

Market Overview:

The Europe biometrics market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2028, exhibiting a growth rate (CAGR) of 16.3% during 2023-2028.

Biometrics are used to recognize, identify and authenticate users based on their physical or behavioral characteristics, which are known as identifiers. The devices save these identifiers in a database and compare them while providing access to systems, devices or data. As they are reliable, accurate and difficult to forge, they are widely employed in schools, colleges, and corporate and government facilities in Europe.

Due to the rising security concerns, applications of biometrics are expanding in the defense and military sector in European countries to track criminal activities and facilitate access control in sensitive departments. Moreover, the rising utilization of biometrics technology to establish an indisputable audit trail and increase accountability against internal threats is contributing to the market growth. Apart from this, the widespread digitization of various products and services in numerous industries, coupled with the growing instances of security breaches, is stimulating the market growth. Furthermore, the escalating demand for touchless biometric solutions in temperature detection and access control systems on account of the coronavirus disease (COVID-19) outbreak is positively influencing the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe biometrics market report, along with forecasts at the regional and country level from 2023-2028. 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:

• Germany
• France
• United Kingdom
• Italy
• Spain
• 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 Europe biometrics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe biometrics market?
• 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 Europe biometrics market and who are the key players?
• What is the degree of competition in the industry?