Market Overview:
The Latin America biometrics market size reached US$ 2,633 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 7,089 Million by 2027, exhibiting a growth rate (CAGR) of 17.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Biometrics are utilized to verify the identity of users by analyzing their physical or behavioral characteristics, such as fingerprints and voice patterns. They are fast, secure, reliable and accurate as compared to conventional security systems. Consequently, they find extensive applications in schools, colleges and corporate and government facilities in Latin America.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
The increasing security concerns on account of the rising instances of cybercrimes represent one of the key factors impelling the growth of the biometrics market in Latin America. Moreover, the deployment of biometric technology across borders and airports for more accurate citizen identification is bolstering the market growth. Additionally, governments of several countries in the region are investing in the manufacturing of their biometric national identity card (ID) systems to prevent identity fraud and theft. Furthermore, the increasing utilization of biometrics technology in restaurants, hotels and cafes for allowing users to register without an ID is contributing to the market growth. Apart from this, the rising demand for secure, remote and accurate access to medical records and treatment plans is increasing the adoption of biometrics technology in the healthcare industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America biometrics market, 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:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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:
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
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 |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Technology, Functionality, Component, Authentication, End User, Country |
| Countries Covered |
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| 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 Latin America biometrics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Latin America 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 Latin America biometrics market and who are the key players?
- What is the degree of competition in the industry?
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
4.2 Key Industry Trends
5 Latin America Biometrics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 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 Country
11.1 Brazil
11.1.1 Market Trends
11.1.2 Market Breakup by Technology
11.1.3 Market Breakup by Functionality
11.1.4 Market Breakup by Component
11.1.5 Market Breakup by Authentication
11.1.6 Market Breakup by End User
11.1.7 Market Forecast
11.2 Mexico
11.2.1 Market Trends
11.2.2 Market Breakup by Technology
11.2.3 Market Breakup by Functionality
11.2.4 Market Breakup by Component
11.2.5 Market Breakup by Authentication
11.2.6 Market Breakup by End User
11.2.7 Market Forecast
11.3 Argentina
11.3.1 Market Trends
11.3.2 Market Breakup by Technology
11.3.3 Market Breakup by Functionality
11.3.4 Market Breakup by Component
11.3.5 Market Breakup by Authentication
11.3.6 Market Breakup by End User
11.3.7 Market Forecast
11.4 Colombia
11.4.1 Market Trends
11.4.2 Market Breakup by Technology
11.4.3 Market Breakup by Functionality
11.4.4 Market Breakup by Component
11.4.5 Market Breakup by Authentication
11.4.6 Market Breakup by End User
11.4.7 Market Forecast
11.5 Chile
11.5.1 Market Trends
11.5.2 Market Breakup by Technology
11.5.3 Market Breakup by Functionality
11.5.4 Market Breakup by Component
11.5.5 Market Breakup by Authentication
11.5.6 Market Breakup by End User
11.5.7 Market Forecast
11.6 Peru
11.6.1 Market Trends
11.6.2 Market Breakup by Technology
11.6.3 Market Breakup by Functionality
11.6.4 Market Breakup by Component
11.6.5 Market Breakup by Authentication
11.6.6 Market Breakup by End User
11.6.7 Market Forecast
11.7 Others
11.7.1 Market Trends
11.7.2 Market Breakup by Technology
11.7.3 Market Breakup by Functionality
11.7.4 Market Breakup by Component
11.7.5 Market Breakup by Authentication
11.7.6 Market Breakup by End User
11.7.7 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 Policy and Regulatory Landscape
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
List of Figures
Figure 1: Latin America: Biometrics Market: Major Drivers and Challenges
Figure 2: Latin America: Biometrics Market: Sales Value (in Million US$), 2016-2021
Figure 3: Latin America: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Latin America: Biometrics Market: Breakup by Technology (in %), 2021
Figure 5: Latin America: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 6: Latin America: Biometrics Market: Breakup by Component (in %), 2021
Figure 7: Latin America: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 8: Latin America: Biometrics Market: Breakup by End User (in %), 2021
Figure 9: Latin America: Biometrics Market: Breakup by Country (in %), 2021
Figure 10: Latin America: Biometrics (Face Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Latin America: Biometrics (Face Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Latin America: Biometrics (Hand Geometry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Latin America: Biometrics (Hand Geometry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Latin America: Biometrics (Voice Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Latin America: Biometrics (Voice Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Latin America: Biometrics (Signature recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Latin America: Biometrics (Signature recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Latin America: Biometrics (Iris Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Latin America: Biometrics (Iris Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Latin America: Biometrics (AFIS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Latin America: Biometrics (AFIS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Latin America: Biometrics (Non-AFIS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Latin America: Biometrics (Non-AFIS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Latin America: Biometrics (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Latin America: Biometrics (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Latin America: Biometrics (Contact) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Latin America: Biometrics (Contact) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Latin America: Biometrics (Non-contact) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Latin America: Biometrics (Non-contact) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Latin America: Biometrics (Combined) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Latin America: Biometrics (Combined) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Latin America: Biometrics (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Latin America: Biometrics (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Latin America: Biometrics (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Latin America: Biometrics (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Latin America: Biometrics (Single-Factor Authentication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Latin America: Biometrics (Single-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Latin America: Biometrics (Multifactor Authentication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Latin America: Biometrics (Multifactor Authentication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Latin America: Biometrics (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Latin America: Biometrics (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Latin America: Biometrics (Defense Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Latin America: Biometrics (Defense Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Latin America: Biometrics (Banking and Finance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Latin America: Biometrics (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Latin America: Biometrics (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Latin America: Biometrics (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Latin America: Biometrics (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Latin America: Biometrics (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Latin America: Biometrics (Commercial Safety and Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Latin America: Biometrics (Commercial Safety and Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Latin America: Biometrics (Transport/Visa/Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Latin America: Biometrics (Transport/Visa/Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Latin America: Biometrics (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Latin America: Biometrics (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Brazil: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Brazil: Biometrics Market: Breakup by Technology (in %), 2021
Figure 58: Brazil: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 59: Brazil: Biometrics Market: Breakup by Component (in %), 2021
Figure 60: Brazil: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 61: Brazil: Biometrics Market: Breakup by End User (in %), 2021
Figure 62: Brazil: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Mexico: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Mexico: Biometrics Market: Breakup by Technology (in %), 2021
Figure 65: Mexico: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 66: Mexico: Biometrics Market: Breakup by Component (in %), 2021
Figure 67: Mexico: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 68: Mexico: Biometrics Market: Breakup by End User (in %), 2021
Figure 69: Mexico: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Argentina: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Argentina: Biometrics Market: Breakup by Technology (in %), 2021
Figure 72: Argentina: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 73: Argentina: Biometrics Market: Breakup by Component (in %), 2021
Figure 74: Argentina: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 75: Argentina: Biometrics Market: Breakup by End User (in %), 2021
Figure 76: Argentina: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Colombia: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Colombia: Biometrics Market: Breakup by Technology (in %), 2021
Figure 79: Colombia: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 80: Colombia: Biometrics Market: Breakup by Component (in %), 2021
Figure 81: Colombia: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 82: Colombia: Biometrics Market: Breakup by End User (in %), 2021
Figure 83: Colombia: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Chile: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Chile: Biometrics Market: Breakup by Technology (in %), 2021
Figure 86: Chile: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 88: Chile: Biometrics Market: Breakup by Component (in %), 2021
Figure 87: Chile: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 89: Chile: Biometrics Market: Breakup by End User (in %), 2021
Figure 90: Chile: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Peru: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Peru: Biometrics Market: Breakup by Technology (in %), 2021
Figure 93: Peru: Biometrics Market: Breakup by Functionality (in %), 2021
Figure 94: Peru: Biometrics Market: Breakup by Component (in %), 2021
Figure 95: Peru: Biometrics Market: Breakup by Authentication (in %), 2021
Figure 96: Peru: Biometrics Market: Breakup by End User (in %), 2021
Figure 97: Peru: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Others: Biometrics Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Others: Biometrics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: Latin America: Biometrics Industry: SWOT Analysis
Figure 101: Latin America: Biometrics Industry: Value Chain Analysis
Figure 102: Latin America: Biometrics Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Latin America: Biometrics Market: Key Industry Highlights, 2021 and 2027
Table 2: Latin America: Biometrics Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Latin America: Biometrics Market Forecast: Breakup by Functionality (in Million US$), 2022-2027
Table 4: Latin America: Biometrics Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 5: Latin America: Biometrics Market Forecast: Breakup by Authentication (in Million US$), 2022-2027
Table 6: Latin America: Biometrics Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Latin America: Biometrics Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 8: Latin America: Biometrics Market: Competitive Structure
Table 9: Latin America: Biometrics Market: Key Players