Market Overview:

The GCC biometrics market size reached US$ 310 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 715.5 Million by 2027, exhibiting a growth rate (CAGR) of 14.9% during 2022-2027.

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 2022-2027. 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:

• 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:

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?