The Biometrics Market report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
Increasing need for more convenient and fast authentication mode and increasing need for easy-to-operate and user-friendly security systems are some key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for high level of security in banking and finance and defense sectors is expected to continue to drive revenue growth of market going ahead. Biometrics provides increased levels of security to providers whether a person is real by verifying identity using several methods such as face recognition, voice recognition, signature recognition, iris recognition, fingerprint recognition, and hand geometry recognition, among others.
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Key market participants include :
Fujitsu Limited, NEC Corporation, Thales SA, Assa Abloy AB, IDEMIA Identity and Security France SAS, M2SYS, Inc., DERMALOG Identification Systems GmbH, Aware, Inc., SecuGen Corporation, and BIO-Key International, Inc.
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Furthermore, the report provides a comprehensive overview of the Biometrics Market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
Emergen Research has segmented global biometrics market on the basis of authentication type, component, functionality, technology, application, end-use, and region:
- Authentication Type Outlook (Revenue, USD Billion; 2019–2030)
- Single-Factor Authentication
- Multi-Factor Authentication
- Component Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
- Functionality Outlook (Revenue, USD Billion; 2019–2030)
- Contact Based
- Non-Contact Based
- Combined
- Technology Outlook (Revenue, USD Billion; 2019–2030)
- Face Recognition
- Voice Recognition
- Signature Recognition
- IRIS Recognition
- Fingerprint Recognition
- Hand Geometry Recognition
- Others
Key Questions Answered in the Report:
What is the growth rate of the Biometrics Market?
What is the anticipated market valuation of Biometrics Market industry by 2027?
What are the key growth driving and restraining factors of the Biometrics Market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Biometrics Market industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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