United States 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.

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

Market Overview:

The United States biometrics market is currently witnessing robust growth. Biometrics are physical or behavioral characteristics of individuals utilized digitally to grant them secure access to systems, devices or data. They offer faster and more secure authentication than alpha-numeric passwords. Some of the widely preferred forms of biometric systems are fingerprint mapping, facial recognition and retina scan. Nowadays, these systems are increasingly being utilized in medicine and anthropology in the United States.

The increasing application of biometrics technology in government facilities to strengthen security measures represents one of the key factors impelling the market growth. Moreover, it is gaining traction in the healthcare industry to prevent duplicate entries and allow secure and remote access to medical records and treatment plans. Furthermore, the incorporation of biometric readers in one-time-password (OTP) hardware devices is also contributing to the market growth. Besides this, the spread of the coronavirus disease (COVID-19) is escalating the demand for contactless biometric systems in various end use industries. Several companies are also launching temperature scanning products integrated with biometrics technology, which is positively influencing the market growth. 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 United States 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
Consumser Electronics
Healthcare
Commercial Safety and Security
Transport/Visa/Logistics
Others

Breakup by Region:

Northeast
Midwest
South
West

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