Industry Experts, Inc. published the latest version its report on "Biometrics Market". According to the analysts at Industry Experts, the global Biometrics market is estimated at US$43.9 billion in 2024 and projected to post a CAGR of 14.7% between 2024 and 2030 to reach US$100 billion in 2030.The global biometrics industry is witnessing robust growth driven by a rising need for secure and efficient authentication in the government, BFSI (Banking, Financial Services & Insurance), security, and consumer electronics sectors. Innovations in artificial intelligence (AI), integration with the Internet of Things (IoT), and the shift towards contactless and digital identity verification are propelling this adoption. Biometric technologies including fingerprint scanning, facial recognition, iris recognition, and voice authentication, are increasingly popular for their potential to improve security and user experience. The widespread adoption of mobile devices, smart home systems, wearables, and IoT-enabled appliances has accelerated the incorporation of biometrics, providing secure and customized access.
Biometrics Market Size
The market for biometrics analyzed in this report on a global basis covering all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.
The study analyzes the global market for biometrics with respect to Technology – Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Vein Recognition, Palm Print Recognition, Hand Geometry, Signature Recognition and Others (Including Gait Recognition, DNA Recognition, Olfactory Recognition [Odor Analysis], Electroencephalograph [EEG], and others); Authentication Type - Single-Factor Authentication (SFA) and Multi-Factor Authentication (MFA); Application – Civil Identification, Criminal Identification, Physical Access Control, Logical Access Control, Surveillance & Monitoring and Other Biometric Applications (Including consumer identification, transactional access control, Healthcare & Patient Identification and others); and End-User – Government & Public Sector, Security, Defense, Consumer Electronics, Healthcare, BFSI (Banking, Financial Services & Insurance), Transportation, Travel & Logistics and Other End-Users (Including Automotive, Education & E-Learning, IT & Telecom, Retail & E-Commerce, and others)
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