Biometrics Market Share, Size, Trends, Growth, Research Analysis and Forecast Till 2024

1. GlobalBiometrics Market Industry Trends, Growth, Share and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

2. About IMARC Group Report Description IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Biometrics Market Report By Technology (Face Recognition, Hand Geometry, Voice Recognition, Signature recognition, Iris recognition, AFIS, Non-AFIS and Others), Functionality (Contact, Non-contact and Combined), Authentication, Component, End-User, Region Biometrics is an umbrella term used for various technologies that allow access through biological imprinting. It is an efficient way to validate a person’s identity as it helps in mapping the physicality of a person with minimal error. Biometrics technologies include retina identification, fingerprints or thumbprints pattern match, voice recognition, and face recognition. Market Overview: According to the latest report by IMARC Group titled, “Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ US$ 16.7 Billion 2018. Looking forward, the global biometrics market is expected to reach a value of US$ 37.2 Billion by 2024. Biometrics are extensively used across the defense, corporate, industrial and manufacturing sectors. Nowadays, they are also being used in numerous devices such as computers, laptops, smartphones and tablets. Over the recent years, there has been a rise in the demand for improved biometrics technologies. This can be attributed to the requirement for stable, reliable and improved security services which has prompted several organizations across the globe to implement these systems. Various governments have also introduced biometric access to several internet-oriented documents like e-passport and e-visa in order to avoid and detect illegal migrations.

4. Report Description and Highlights Report Description Apart from this, biometric technologies are being increasingly used in the banking and finance sectors for preventing frauds. Moreover, the introduction of multimodal biometrics is further expected to attract a wider consumer base in the near future as it utilizes more than one behavioral or physiological characteristics. The aforementioned factors have presented the manufacturers in the market with several growth opportunities. Global Biometrics Market Drivers: Biometrics technologies, especially fingerprint recognition systems, have witnessed acceptance on a global level owing to their affordability and easy usage. The rising adoption of fingerprint recognition in mobiles, tablets and cloud computing is expected to create a positive outlook for the biometric technologies market. Apart from this, biometrics technologies are employed across numerous government organizations for reliable, stable and enhanced security as biometric traits are difficult to steal or forget. These technologies are also being implemented for e-passport and e-visa programs with the aim of keeping a check on illegal migration, and in the banking and finance sectors to increase efficiency and prevent frauds. Furthermore, the introduction of multimodal biometrics, which make use of more than one behavioral or physiological characteristic for authentication, is expected to improve the recognition and security performance of these systems in the coming years. Owing to these factors, the market is projected to exceed US$ 37.2 Billion by 2024, exhibiting a CAGR of around 14% during 2019-2024.

5. Market Forecast Sample Figure: Global: Biometrics Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Biometrics Market Segmentation: • Market Breakup by Technology: • Face Recognition • Hand Geometry • Voice Recognition • Signature recognition • Iris recognition • AFIS • Non-AFIS • Others • On the basis of technology, the market has been segmented as Face Recognition, Hand Geometry, Voice Recognition, Signature recognition, Iris recognition, AFIS, Non-AFIS and Others. • Market Breakup by Functionality • Contact • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1198&flag=B

7. Market Segmentation Report Description • Non-contact • Combined • Based on Functionality, the market has been segregated as contact, non contact and combined. • Market Breakup by Authentication • Single-Factor Authentication • Multifactor Authentication • On the basis of authentication , the market has been segmented as single-factor authentication and multifactor authentication. • Market Breakup by Component: • Hardware • Software • Based on component, the market has been segregated as hardware and software. • For more information, click here: https://www.imarcgroup.com/biometrics-market

8. Market Segmentation Report Description • Market Breakup by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. • Market Breakup by End-User • Government • Defense Services • Banking and Finance • Consumer Electronics • Healthcare • Commercial Safety and Security • Transport/Visa/Logistics • Others

9. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

10. Market Segmentation Report Description • On the basis of end-user, the market has been segmented into government, defense Services, banking & finance, consumer electronics, healthcare, commercial safety & security, transport/visa/logistics and Others. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Accu-Time Systems Inc • BIO-Key International Inc • Cognitec Systems • GmbH • Fujitsu Limited • 3M Cogent Inc • IDTECK • NEC Corporation • Siemens AG • RCG Holdings Ltd • Suprema Inc

11. Market Segmentation Report Description • Lumidigm Inc • IrisGuard Inc • Daon Inc • DigitalPersona Inc • Morpho SA (Safran) • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

12. Team Profile Our Team Comes From Some of the Top Universities Globally. Team Profile 60% Engineering and Science 5% Others 35% Business Studies Average Experience of 7+ Years Over 2000 Independent Consultants from different sectors.

13. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

14. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

15. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

16. Contact Us FOR MORE DETAILS Visit us at : https://www.imarcgroup.com Stay With Us: • TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com