Biometrics Technology Market

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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.

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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)

Browse complete table of contents at https://www.visionresearchreports.com/biometrics-technology-market/toc/38789

In this study, the years considered to estimate the market size of Biometrics Technology are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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