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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|Market Size||US$ 69.30 Bn by 2030|
|Growth Rate||CAGR of 21.5% From 2021 to 2030|
|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|
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.
NEC Corporation, Precise Biometrics AB, Fujitsu Limited, 3M Cogent, Hitachi, FaceFirst, and Nuance Communications.
- By Application
- Hand geometry
- By End-use
- Banking and Finance
- Consumer Electronics
- Defense & Security
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
- North America
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