GCC Biometrics Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The GCC biometrics market is currently witnessing robust growth. Biometrics are used to authenticate the identity of users by measuring and analyzing their physical or behavioral characteristics, such as fingerprints, hand geometry, vascular pattern and palm print. It relies on advanced methodology, secure system, and data and device access for offering convenience and reliability. Consequently, it is extensively utilized in automated teller machines (ATMs), smart cards, laptops and workstations in the GCC region.

The market is experiencing growth on account of the expanding applications of biometrics in various end use industries in the GCC region. For instance, it is employed in the transportation sector for allowing hassle-free traveling and in the banking, financial services and insurance (BFSI) industry to secure sensitive data from fraud attacks. Moreover, biometric systems are installed at airports and seaports to provide surveillance, immigration control and access control of staff and authorities. Apart from this, with the growing incidents of theft and criminal activities, the GCC is developing an integrated biometric database to prevent convicted expatriate workers from re-entering the countries. Furthermore, the increasing popularity of cloud-based biometric systems in the education and training sector to record class attendance is anticipated to create a positive outlook for the market in the coming years. On account of these factors, the market is expected to continue its robust growth during the forecast period (2020-2025).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC biometrics market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, 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:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

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

Key Questions Answered in This Report:

How has the GCC biometrics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC 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 GCC biometrics market and who are the key players?
What is the degree of competition in the industry?