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Biometrics Technology Market Size Worth US$ 69.30 billion by 2030

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The global biometrics technology market size is expected to be worth around US$ 69.30 billion by 2030, according to a new report by Vision Research Reports.

The global biometrics technology market size was valued at US$ 20.40 billion in 2020 and is anticipated to grow at a CAGR of 21.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 69.30 Bn by 2030
Growth Rate CAGR of 21.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application, end-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned NEC Corporation; Precise Biometrics AB; Fujitsu Limited; 3M Cogent; Hitachi; FaceFirst; Nuance Communications

Growth Factors

 Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period.

Key Players

NEC Corporation, Precise Biometrics AB, Fujitsu Limited, 3M Cogent, Hitachi, FaceFirst, and Nuance Communications.

Market Segmentation

  • By Application
    • Face
    • Hand geometry
    • Voice
    • Signature
    • Iris
    • AFIS
    • Non-AFIS
    • Others
  • By End-use
    • Government
    • Banking and Finance
    • Consumer Electronics
    • Healthcare
    • Transport/Logistics
    • Defense & Security
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
    • Middle East & Africa (MEA)

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Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

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