Market Overview:
The GCC biometrics market size reached US$ 413.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,248.3 Million by 2032, exhibiting a growth rate (CAGR) of 12.7% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 413.9 Million |
Market Forecast in 2032
|
US$ 1,248.3 Million |
Market Growth Rate 2024-2032 |
12.7% |
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.
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 at the regional and country level from 2024-2032. 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:
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.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Technology, Functionality, Component, Authentication, End User, Country |
Countries Covered |
Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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?