Biometric System Market by Authentication Type (Single-Factor: Fingerprint, Iris, Palm Print, Face, Voice; Multi-Factor), Offering (Hardware, Software), Functionality (Contact, Noncontact, Combined), End User, and Region - Global Forecast to 2024
The global biometric system market size is expected to grow from USD 33.0 billion in 2019 to USD 65.3 billion by 2024; it is projected to grow at a CAGR of 14.6% during the forecast period. Major factors driving the market growth include the increasing use of biometrics in consumer electronics devices to provide seamless access over different applications, rising number of government initiatives to adopt biometrics, growing need for surveillance and security due to the threats of terrorist attacks, and increasing penetration of biometric technology in automotive and enterprise applications.
Fingerprint recognition to account for largest market size during forecast period
Fingerprint recognition is the most common and oldest modality. The solutions used for fingerprint recognition are simple to install and low in cost compared with other authentication technologies. The growth of the market for fingerprint recognition is attributed to the increasing demand for fingerprint recognition solutions in travel and immigration applications for e-passports and e-visas as well as in the government sector for issuing a driving license. Fingerprint authentication is extensively used in numerous other revenue-generating sectors such as healthcare and banking & finance.
Market for software segment to grow at highest CAGR during forecast period
Software play a major role in ensuring the interoperability and compatibility of biometric devices. The adoption of cloud-based services and AI for biometric devices is expected to boost the requirement for associated software to ensure the compatibility of devices and operating systems for different applications. It is feasible for customers to integrate add-on features in existing hardware by updating the software. The software in biometrics systems complement the function of hardware by storing and recalling spatial data; they also allow live data streaming. The biometric systems that are used in applications such as criminal identification at border crossing points are connected to computers and networks. Software help in imparting interoperability and compatibility to biometric devices/systems with the computers and networks with which they are connected.
North America to hold largest size of biometric system market in 2018
The US and Canada have a strong economy, which empowers them to invest significantly in public safety activities. The growing adoption of smart technologies and the rapidly increasing digitalization have further fueled the growth of the biometric system market in North America. The growth of the North American market can also be attributed to the increasing government initiatives in North American countriessuch as the US, Canada, and Mexicofor large-scale funded programs such as e-passports and e-visas. The US Department of Defense and Department of Homeland Security have long been using fingerprint biometrics to facilitate physical and digital access and combat security issues. Further, the presence of key players, such as Aware (US) and Cross Match Technologies (US), also contributes to the growth of the biometric system market in this region.
Key Market Players
Key players in the biometric system market include Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), and Fujitsu Ltd. (Fujitsu) (Japan).
Thales ranked first in the biometric system market. With a diversified market presence and global reach, Thales is not dependent on any single market or customer. As a part of its growth strategy, Thales believes in driving sales growth by bringing competitiveness and differentiation in products and services. Thales is always keen to grab any opportunity to acquire businesses to build necessary capabilities or capacities. The company acquired Gemalto in March 2018, which enhanced its biometric offerings in the digital security arena. In June 2019, Gemalto acquired Green Bit S.p.A., a provider of biometric scanners based in Italy, to enhance biometric capture capabilities. With improved capabilities and technological strength, the company now focuses on the entire critical decision chain in an increasingly interconnected and vulnerable world, with capabilities spanning software development, data processing, real-time decision support, connectivity, and end-to-end network management.
Report Scope
|
Report Metric |
Details |
|
Market size availability years |
20162024 |
|
Base year |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value in terms of USD million and USD thousand |
|
Covered segments |
Authentication type, functionality type, offering, end user, and region |
|
Covered regions |
North America, Europe, APAC, and RoW |
|
Covered companies |
Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), Fujitsu Ltd. (Fujitsu) (Japan), Precise Biometrics, Inc. (Precise Biometrics) (US), Secunet Security Networks AG (Secunet) (Germany), Stanley Black & Decker, Inc. (STANLEY Security) (France), Aware (US), Cognitec Systems GmbH (Cognitec Systems) (Germany), and so on |
Biometric system market Segmentation:
In this report, the biometric system market has been segmented into the following categories:
On the basis of Authentication Type:
- Single-factor authentication
- Multi-factor authentication
On the basis of Offering:
- Hardware
- Software
On the basis of Functionality Type:
- Contact
- Noncontact
- Combined
On the basis of End User:
- Government
- Military & Defense
- Healthcare
- Automotive
- Banking & Finance
- Consumer Electronics
- Travel& Immigration
- Security
- Others
On the basis of Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Critical questions the report answers:
- Where will all these developments take the industry in the mid- to long-term?
- Which newer modalities are likely to be adopted in the coming years?
- How are biometric systems influencing the various end-user applications?
- What are the prevalent trends in the biometric system market?
- What are the key strategies adopted by leading companies in the biometric system market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 20)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 32)
4 Premium Insights (Page No. - 38)
4.1 Biometric System Market Opportunities
4.2 Market, By Single-Factor Authentication
4.3 Market in APAC, By End User and Country
4.4 Biometrics Market, By Multi-Factor Authentication
4.5 Market in APAC, By Country
5 Market Overview (Page No. - 41)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Use of Biometrics in Consumer Electronics Devices to Provide Seamless Access Over Different Applications
5.2.1.2 Rising Number of Government Initiatives to Adopt Biometrics
5.2.1.3 Growing Need for Surveillance and Security Owing to Threats of Terrorist Attacks
5.2.1.4 Proliferation of Biometric Technology in Automotive Enterprise Applications
5.2.1.5 Increased Convenience, Secure Identity Management, and Superior Human Resource Management
5.2.2 Restraints
5.2.2.1 High Deployment Cost
5.2.3 Opportunities
5.2.3.1 Technological Developments
5.2.4 Challenges
5.2.4.1 Data Security Concerns
5.3 Value Chain Analysis
6 Biometric System Market, By Authentication Type (Page No. - 49)
6.1 Introduction
6.2 Single-Factor Authentication
6.2.1 Fingerprint Recognition
6.2.1.1 AFIS
6.2.1.1.1 Large Market for AFIS is Owing to Its Adoption By Law Enforcement Agencies
6.2.1.2 Non-AFIS
6.2.1.2.1 Increasing Consumer Awareness for Biometrics to Drive the Adoption of Non-AFIS Technology
6.2.2 Iris Recognition
6.2.2.1 Iris Recognition is Largely Being Adopted for Identification and Authentication Purposes Due to Increasing Government Initiatives
6.2.3 Palm Print Recognition
6.2.3.1 Increased Level of Accuracy and Security to Drive the Adoption of Palm Print Recognition Solutions
6.2.4 Face Recognition
6.2.4.1 Growing Need for Surveillance and Increasing Adoption of Video Analytics Capabilities are Driving the Market for Face Recognition
6.2.5 Vein Recognition
6.2.5.1 Need for High Security in Applications Such as Banking, Immigration, Etc., to Drive the Vein Recognition Market
6.2.6 Signature Recognition
6.2.6.1 Noninvasive Nature and Better Convenience of Signature Recognition to Drive Its Adoption in Near Future
6.2.7 Voice Recognition
6.2.7.1 Increasing Accuracy of Voice Recognition Through Integration of AI to Boost the Market of Voice Recognition
6.2.8 Others
6.2.8.1 Dna Recognition
6.2.8.1.1 Dna Recognition Technology is Being Adopted for Applications Such as Forensic Sciences, Healthcare, and Criminal Investigations
6.2.8.2 Keystroke Recognition
6.2.8.2.1 Keystroke Recognition is One of the Leading Behavioral Biometric Technology
6.2.8.3 Gait Recognition
6.2.8.3.1 Gait Recognition is Widely Used for Long-Distance Verification
6.2.8.4 Otoacoustic Emissions
6.2.8.4.1 Otoacoustic Emission is One of the Most Innovative and Emerging Biometric Technology
6.3 Multi-Factor Authentication
6.3.1 Smart Card With Biometrics
6.3.1.1 Smart Card With Biometrics is One of the Leading Advanced Secured Authentication Technologies
6.3.2 Pin With Biometrics
6.3.2.1 Pin With Biometrics is One of the Most Common Multi-Factor Authentication Methods
6.3.3 Multimodal Biometric
6.3.3.1 Two-Factor Authentication
6.3.3.2 Three-Factor Authentication
7 Biometric System Market, By Offering (Page No. - 79)
7.1 Introduction
7.2 Hardware
7.2.1 Fingerprint Readers
7.2.1.1 Fingerprint Readers to Hold Largest Share of Biometric Hardware Component Market
7.2.2 Scanners
7.2.2.1 Demand for Increased Accuracy to Drive the Adoption of Scanners
7.2.3 Cameras
7.2.3.1 Increasing Market of Facial Recognition to Drive Camera Segment of Biometric Hardware Market
7.2.4 Other
7.3 Software
7.3.1 Software Market Expected to Grow at A Higher CAGR During Forecast Period
8 Biometric System Market, By Functionality (Page No. - 84)
8.1 Introduction
8.2 Contact Functionality
8.2.1 Contact Functionality Biometrics to Hold Largest Market Share During Forecast Period
8.3 Non-Contact Functionality
8.3.1 Non-Contact Biometric Functionality is Widely Used for Non-Touch Verification
8.4 Combined Functionality
8.4.1 Combined Biometric Functionality Segment to Grow at Highest Rate Owing to High Security and Accuracy
9 Biometric System Market, By End User (Page No. - 92)
9.1 Introduction
9.2 Government
9.2.1 Increasing Government Initiatives for Public Safety to Drive Biometrics Market in Government
9.3 Military & Defense
9.3.1 Biometrics Adoption in Military & Defense is Increasing to Eradicate Security Concerns
9.4 Healthcare
9.4.1 Need to Bring Efficiency in Clinical Processes and Improve Diagnosis and Treatment Drive the Biometrics Adoption in Healthcare
9.5 Banking & Finance
9.5.1 Ease in Access to Financial Services Through Biometric Systems to Drive the Adoption of Biometric Systems in Banking & Finance Sector
9.6 Consumer Electronics
9.6.1 Adoption of Biometrics in Consumer Electronics is Growing Owing to the Seamless Access to Multiple Features and Cost-Effectiveness
9.7 Travel & Immigration
9.7.1 Increasing Security Concerns of Various Nations to Drive Biometric Systems Adoption in Travel & Immigration
9.8 Automotive
9.8.1 Rising Preference for Advanced Electronics and Demand for Increased Convenience and Security to Drive Adoption of Biometrics in Automotive Sector
9.9 Security
9.9.1 Residential Security
9.9.1.1 Emergence of IoT and Wireless Technologies and Increasing Consumer Awareness to Drive the Biometrics Adoption in Residential Security
9.9.2 Commercial Security
9.9.2.1 Rising Security Concerns Among Enterprises to Drive Biometric System Market in Commercial Security Applications
9.10 Others
10 Geographic Analysis (Page No. - 118)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US Holds Largest Share of Market in North America
10.2.2 Canada
10.2.2.1 Canada Holds Significant Growth Opportunities for Market in North America Owing to High Investments in Biometric Infrastructure
10.2.3 Mexico
10.2.3.1 Market in Mexico to Grow Owing to Increasing Political Stability and Openness for Investments
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany Holds Largest Share of European Market
10.3.2 UK
10.3.2.1 Market in UK to Grow With Increasing Government Initiatives for Biometrics Adoption
10.3.3 France
10.3.3.1 Increasing Presence of Biometric System Manufacturers to Drive the Market in France
10.3.4 Italy
10.3.4.1 Market in Italy to Grow at Highest CAGR During Forecast Period
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.1.1 China Holds Largest Share of Market in APAC
10.4.2 Japan
10.4.2.1 Presence of Leading Biometric Companies to Drive Adoption of Biometric Systems in Japan
10.4.3 South Korea
10.4.3.1 Growing Adoption of Biometrics in Consumer Electronics to Drive Market in South Korea
10.4.4 India
10.4.4.1 Increasing Government Initiatives Expected to Drive Market in India
10.4.5 Rest of APAC
10.5 RoW
10.5.1 South America
10.5.1.1 Growing Economy to Contribute to Market Growth in South America
10.5.2 Middle East & Africa
10.5.2.1 Growing Investments in Economic Development to Drive the Market in Middle East & Africa
11 Competitive Landscape (Page No. - 140)
11.1 Overview
11.2 Ranking Analysis
11.3 Competitive Scenario
11.3.1 Product Developments and Launches
11.3.2 Partnerships, Agreements, and Collaborations
11.3.3 Acquisitions
11.3.4 Investments and Expansions
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Dynamic Differentiators
11.4.3 Innovators
11.4.4 Emerging Companies
12 Company Profiles (Page No. - 148)
12.1 Key Companies
(Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)
12.1.1 Thales
12.1.2 Safran
12.1.3 NEC
12.1.4 ASSA Abloy
12.1.5 Fujitsu
12.1.6 Precise Biometrics
12.1.7 Secunet Security Networks
12.1.8 Stanley Black & Decker
12.1.9 Aware
12.1.10 Cognitec Systems
12.2 Other Key Companies
12.2.1 Daon
12.2.2 Facebanx
12.2.3 Bio-Key International
12.2.4 Securiport
12.2.5 M2sys Technology
12.2.6 Suprima
12.2.7 Fulcrum Biometrics
12.2.8 Vasco Data Security International
12.2.9 Qualcomm
12.2.10 Integrated Biometrics
*Details on Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 184)
13.1 Insights From Industry Experts
13.2 Questionnaire
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Report
13.6 Author Details
List of Tables (124 Tables)
Table 1 Biometric System Market, By Authentication Type, 20162024 (USD Billion)
Table 2 Single-Factor Authentication : Market, By Type, 20162024 (USD Million)
Table 3 Single-Factor Authentication : Market, By End User, 20162024 (USD Million)
Table 4 Single-Factor : Market for Security, By Type, 20162024 (USD Million)
Table 5 Fingerprint Recognition : Market, By End User, 20162024 (USD Million)
Table 6 Fingerprint Recognition : Market for Security, By Type, 20162024 (USD Million)
Table 7 Fingerprint Recognition : Market, By Region, 20162024 (USD Million)
Table 8 Fingerprint Recognition : Market, By Type, 20162024 (USD Million)
Table 9 Iris Recognition : Market, By End User, 20162024 (USD Million)
Table 10 Iris Recognition : Market for Security, By Type, 20162024 (USD Million)
Table 11 Iris Recognition : Market, By Region, 20162024 (USD Million)
Table 12 Palm Print Recognition : Market, By End User, 20162024 (USD Million)
Table 13 Palm Print Recognition : Market for Security, By Type, 20162024 (USD Million)
Table 14 Palm Recognition : Market, By Region, 20162024 (USD Million)
Table 15 Face Recognition : Market, By End User, 20162024 (USD Million)
Table 16 Face Recognition : Market for Security, By Type, 20162024 (USD Million)
Table 17 Face Recognition : Market, By Region, 20162024 (USD Million)
Table 18 Vein Recognition : Market, By End User, 20162024 (USD Million)
Table 19 Vein Recognition : Market for Security, By Type, 20162024 (USD Million)
Table 20 Vein Recognition : Market, By Region, 20162024 (USD Million)
Table 21 Signature Recognition : Market, By End User, 20162024 (USD Million)
Table 22 Signature Recognition : Market for Security, By Type, 20162024 (USD Thousand)
Table 23 Signature Recognition Biometric System Market, By Region, 20162024 (USD Thousand)
Table 24 Voice Recognition : Market, By End User, 20162024 (USD Million)
Table 25 Voice Recognition : Market for Security, By Type, 20162024 (USD Million)
Table 26 Voice Recognition Biometric System Market, By Region, 20162024 (USD Million)
Table 27 Other Recognition Technologies : Market, By End User, 20162024 (USD Million)
Table 28 Other Recognition Technologies : Market for Security, By Type, 20162024 (USD Thousand)
Table 29 Other Recognition Technologies Biometric System Market, By Region, 20162024 (USD Million)
Table 30 Market for Multi-Factor Authentication, By Type, 20162024 (USD Million)
Table 31 Multi-Factor Authentication Biometric System Market, By End User, 20162024 (USD Million)
Table 32 Multi-Factor Authentication : Market for Security, By Type, 20162024 (USD Million)
Table 33 Smart Card With Biometrics Market, By End User, 20162024 (USD Thousand)
Table 34 Smart Card With Biometrics Market for Security, By Type, 20162024 (USD Million)
Table 35 Smart Card With Biometrics Market, By Region, 20162024 (USD Million)
Table 36 Pin With Biometrics Market, By End User, 20162024 (USD Million)
Table 37 Pin With Biometrics Market for Security, By Type, 20162024 (USD Million)
Table 38 Pin With Biometrics Market, By Region, 20162024 (USD Million)
Table 39 Multimodal Biometric System Market, By Type, 20162024 (USD Million)
Table 40 Multimodal Market, By End User, 20162024 (USD Million)
Table 41 Multimodal Biometric Security System Market, By Type, 20162024 (USD Million)
Table 42 Multimodal Biometric Market, By Region, 20162024 (USD Million)
Table 43 Market, By Offering, 20162024 (USD Billion)
Table 44 Market for Hardware, By Component, 20162024 (USD Billion)
Table 45 Biometrics Market, By Function Type, 20162024 (USD Billion)
Table 46 Contact Functionality-Based Market, By Single-Factor Authentication Type, 20162024 (USD Million)
Table 47 Contact Functionality-Based Market, By End User, 20162024 (USD Million)
Table 48 Contact Functionality-Based Market for Security, By Type, 20162024 (USD Million)
Table 49 Non-Contact Functionality-Based Market, By Authentication Type, 20162024 (USD Billion)
Table 50 Non-Contact Functionality-Based Market, By End User, 20162024 (USD Million)
Table 51 Non-Contact Functionality-Based Market for Security, By Type, 20162024 (USD Million)
Table 52 Combined Functionality-Based Market, By Authentication Type, 20162024 (USD Billion)
Table 53 Combined Functionality-Based Market, By End User, 20162024 (USD Million)
Table 54 Combined Functionality-Based Market for Security, By Type, 20162024 (USD Million)
Table 55 Market, By End User, 20162024 (USD Billion)
Table 56 Market for Security, By Type, 20162024 (USD Million)
Table 57 Single-Factor Authentication Market for Government, By Type, 20162024 (USD Million)
Table 58 Multi-Factor Authentication Market for Government, By Type, 20162024 (USD Million)
Table 59 Government Market, By Function Type, 20162024 (USD Million)
Table 60 Market for Government, By Region, 20162024 (USD Million)
Table 61 Single-Factor Authentication Market for Military & Defense, By Type, 20162024 (USD Million)
Table 62 Multi-Factor Authentication Market for Military & Defense, By Type, 20162024 (USD Million)
Table 63 Military & Defense Market, By Function Type, 20162024 (USD Million)
Table 64 Market for Military & Defense, By Region, 20162024 (USD Million)
Table 65 Single-Factor Authentication Market for Healthcare, By Type, 20162024 (USD Million)
Table 66 Multi-Factor Authentication Market for Healthcare, By Type, 20162024 (USD Million)
Table 67 Healthcare Market, By Function Type, 20162024 (USD Million)
Table 68 Market for Healthcare, By Region, 20162024 (USD Million)
Table 69 Single-Factor Authentication Market for Healthcare, By Type, 20162024 (USD Million)
Table 70 Multi-Factor Authentication Market for Healthcare, By Type, 20162024 (USD Million)
Table 71 Banking & Finance Market, By Function Type, 20162024 (USD Million)
Table 72 Market for Banking & Finance, By Region, 20162024 (USD Million)
Table 73 Single-Factor Authentication Market for Consumer Electronics, By Type, 20162024 (USD Million)
Table 74 Multi-Factor Authentication Market for Consumer Electronics, By Type, 20162024 (USD Million)
Table 75 Consumer Electronics Market, By Function Type, 20162024 (USD Million)
Table 76 Market for Consumer Electronics, By Region, 20162024 (USD Million)
Table 77 Single-Factor Authentication Market for Travel & Immigration, By Type, 20162024 (USD Million)
Table 78 Multi-Factor Authentication Market for Travel & Immigration, By Type, 20162024 (USD Million)
Table 79 Travel & Immigration Market, By Function Type, 20162024 (USD Million)
Table 80 Market for Travel & Immigration, By Region, 20162024 (USD Million)
Table 81 Single-Factor Authentication Market for Automotive, By Type, 20162024 (USD Million)
Table 82 Multi-Factor Authentication Market for Automotive, By Type, 20162024 (USD Thousand)
Table 83 Automotive Market, By Function Type, 20162024 (USD Million)
Table 84 Market for Automotive, By Region, 20162024 (USD Million)
Table 85 Single-Factor Authentication Market for Security, By Type, 20162024 (USD Million)
Table 86 Multi-Factor Authentication Market for Security, By Type, 20162024 (USD Million)
Table 87 Security Market, By Function Type, 20162024 (USD Million)
Table 88 Market for Security, By Region, 20162024 (USD Million)
Table 89 Single-Factor Authentication Market for Residential Security, By Type, 20162024 (USD Thousand)
Table 90 Multi-Factor Authentication Market for Residential Security, By Type, 20162024 (USD Thousand)
Table 91 Residential Security Market, By Function Type, 20162024 (USD Million)
Table 92 Market for Residential Security, By Region, 20162024 (USD Million)
Table 93 Single-Factor Authentication Market for Commercial Security, By Type, 20162024 (USD Million)
Table 94 Multi-Factor Authentication Market for Commercial Security, By Type, 20162024 (USD Million)
Table 95 Commercial Security Market, By Function Type, 20162024 (USD Million)
Table 96 Market for Commercial Security, By Region, 20162024 (USD Million)
Table 97 Single-Factor Authentication Market for Others, By Type, 20162024 (USD Million)
Table 98 Multi-Factor Authentication Market for Others, By Type, 20162024 (USD Million)
Table 99 Others Market, By Function Type, 20162024 (USD Million)
Table 100 Others Market, By Region, 20162024 (USD Million)
Table 101 Biometric System Market, By Region, 20162024 (USD Million)
Table 102 Single-Factor Authentication Market, By Region, 20162024 (USD Million)
Table 103 Multi-Factor Authentication Market, By Region, 20162024 (USD Million)
Table 104 Market in North America, By End User, 20162024 (USD Million)
Table 105 Market in North America, By Single-Factor Authentication, 20162024 (USD Million)
Table 106 Market in North America, By Multi-Factor Authentication, 20162024 (USD Million)
Table 107 Market in North America, By Country, 20162024 (USD Billion)
Table 108 Market in Europe, By End User, 20162024 (USD Million)
Table 109 Market in Europe, By Single-Factor Authentication, 20162024 (USD Million)
Table 110 Market in Europe, By Multi-Factor Authentication, 20162024 (USD Million)
Table 111 Market in Europe, By Country, 20162024 (USD Billion)
Table 112 Market in APAC, By End User, 20162024 (USD Million)
Table 113 Market in APAC, By Single-Factor Authentication, 20162024 (USD Million)
Table 114 Market in APAC, By Multi-Factor Authentication, 20162024 (USD Million)
Table 115 Market in APAC, By Country, 20162024 (USD Billion)
Table 116 Market in RoW, By End User, 20162024 (USD Million)
Table 117 Market in RoW, By Single-Factor Authentication, 20162024 (USD Thousand)
Table 118 Market in RoW, By Multi-Factor Authentication, 20162024 (USD Million)
Table 119 Market in RoW, By Region, 20162024 (USD Billion)
Table 120 Ranking Analysis of Top 5 Players in Market
Table 121 Product Developments and Launches, 20182019
Table 122 Partnerships, Agreements, and Collaborations, 20182019
Table 123 Acquisition, 20162019
Table 124 Investments and Expansions, 20162018
List of Figures (51 Figures)
Figure 1 Biometric System Market Segmentation
Figure 2 Research Flow
Figure 3 Biometric System Market: Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Multi-Factor Authentication Segment to Grow at Highest CAGR During Forecast Period
Figure 8 Contact Functionality Type Segment Expected to have Largest Market Size During Forecast Period
Figure 9 Software Segment to Grow at Highest CAGR During Forecast Period
Figure 10 Consumer Electronics Segment to Hold Largest Share of Market
Figure 11 Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 12 Market Players to Witness Attractive Growth Opportunities During Forecast Period
Figure 13 Market for Other Biometrics Expected to Grow at Highest CAGR During Forecast Period
Figure 14 Consumer Electronics and China Were Largest Markets for Biometric Systems in APAC in 2018
Figure 15 Market for Pin With Biometrics Likely to Hold Largest Share Among Multi-Factor Authentication Technologies During Forecast Period
Figure 16 India Market to Register Highest CAGR in APAC During Forecast Period
Figure 17 Increasing Use of Biometrics in Consumer Electronics Devices to Drive Market
Figure 18 Value Chain: Market, 2018
Figure 19 Multi-Factor Authentication Factor Segment to Grow at Higher CAGR During Forecast Period
Figure 20 Market for Other Biometrics to Grow at Highest CAGR During Forecast Period
Figure 21 AFIS Likely to Hold Largest Market Share During Forecast Period
Figure 22 Face Recognition Market for Travel & Immigration Likely to Hold Largest Share During Forecast Period
Figure 23 Government Sector to Hold Largest Share of Multi-Factor Market During Forecast Period
Figure 24 Two-Factor Authentication Likely to Hold Largest Share of Multimodal Market During Forecast Period
Figure 25 Software Segment to Grow at Higher CAGR During Forecast Period Compared With Hardware Segment
Figure 26 Hardware Market for Camera to Grow at Highest CAGR During Forecast Period
Figure 27 Contact Functionality to Hold Largest Market Size During Forecast Period
Figure 28 Non-Contact Market for Voice Recognition to Grow at Highest CAGR During Forecast Period
Figure 29 Government Segment Likely to Hold Largest Share of Market During Forecast Period
Figure 30 Market for Government in RoW to Grow at Highest CAGR During Forecast Period
Figure 31 Other Biometrics Technology Market for Healthcare to Grow the Highest CAGR During Forecast Period
Figure 32 Market for Banking & Finance in Europe to Grow at Highest CAGR During Forecast Period
Figure 33 Fingerprint Recognition to Hold Largest Share of Market for Travel & Immigration During Forecast Period
Figure 34 Fingerprint Recognition to Hold Largest Share of Market for Automotive During Forecast Period
Figure 35 Pin With Biometrics to Hold Largest Share of Commercial Security Market During Forecast Period
Figure 36 Geographic Snapshot: China and India Emerging as Potential Markets for Biometric Systems During Forecast Period
Figure 37 Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 38 North America Market Snapshot
Figure 39 Europe Market Snapshot
Figure 40 APAC Market Snapshot
Figure 41 Companies Adopted Product Developments and Launches as Key Growth Strategies Over the Last 4 Years (20162019)
Figure 42 Market (Global) Competitive Leadership Mapping, 2018
Figure 43 Thales: Company Snapshot
Figure 44 Safran: Company Snapshot
Figure 45 NEC: Company Snapshot
Figure 46 ASSA Abloy: Company Snapshot
Figure 47 Fujitsu: Company Snapshot
Figure 48 Precise Biometrics: Company Snapshot
Figure 49 Secunet Security Networks: Company Snapshot
Figure 50 Stanley Black & Decker: Company Snapshot
Figure 51 Aware: Company Snapshot
The study involved four major activities to estimate the current size of the biometric system market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. This was followed by validating these findings, assumptions, and sizing with industry experts, identified across the value chain, through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Further, market breakdown and data triangulation procedures were used to estimate the size of the market based on segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were referred to for the identification and collection of relevant information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research was conducted to obtain key information regarding the supply chain and value chain of the industry, total pool of key players, market segmentation according to industry trends (to the bottom-most level), geographic markets, and key developments from the market- and technology oriented perspectives. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information relevant to this report. Several primary interviews were conducted with market experts from both demand (product and component manufacturer across industries) and supply sides. The primary data was collected through questionnaires, emails, and telephonic interviews. Primary sources include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the biometric system market. Approximately 30% and 70% of the primary interviews were conducted from the demand and supply sides, respectively.
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Market Size Estimation
Top-down and bottom-up approaches were implemented to estimate and validate the total size of the biometric system market. These methods were also used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:
- Key players in the industry were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides across different end-use applications.
Study Objectives
- To describe and forecast the biometric system market, in terms of value, by authentication type, functionality type, offering, and end user
- To describe and forecast the market, in terms of value, for four regionsNorth America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges for the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with a detailed competitive landscape of the market
- To analyze the competitive growth strategiescollaborations, agreements, partnerships, acquisitions, product launches and developments, research and development (R&D), and so onadopted by the major players in the biometric system market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:
- Company Information: Detailed analysis and profiling of additional 5 market players
- Geographic analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Biometric System Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Biometric System Market
Biometric authentication solution has tremendous demand in APAC. Growing adoption is largely attributed to increasing use cases, such as implementing facial recognition cameras and growing number of airports with biometric security chechpoints, in China for public safety. So, I would like to understnd the market in China for biometric solutions and how we can cater to it? Further, what are some of the hot bets in China where we can expand our business?
Software plays a significant role in ensuring interoperability and compatibility of biometric devices, particulary in terms of the feasibility to integrate add-on features in existing hardware by updating the software. So, depending upon usage, with respect to different authentication technologies and applications, we may further classify the software segment. I would like to understand whether this report includes different types of software used in bioetric solutions and the market sizing for the same.
I would like to understand the commercial drivers and challenges associated with biometric system.
With the inclusion of biometric authentication across various applications, there are various key revenue pockets that are emerging in the biometric space. For instance, biometric identification as a service is witnessing significanlt growth, with the inclusion of more smart devices and cloud-based intelligence platform. Does the scope of the report cover bioetric as a service market? Also, can it further be broken down with respect to applications?
Government agencies across the globe are increasingly using social media as a primary communication channelfrom communicating crisis to policy changes. For instance, the US Department of State using YouTube to share press briefings or updating the citizens about a new regulation. Social media has made communication between citizens and government much easier. The government worldwide follows measures for data privacy, such as hi-tech encryption and multi-layered authentication. However, there are no stringent rules that prevent data misuse or officials at government agencies from publishing sensitive information online. Does the report inculde data breaches and potential abuse of biometrics databases against social media accounts by certain governments?
The market for biometric systems is huge and the continuous shift toward implementing strigent security methods to replace traditional identifoication methods with biometrics is expected to further propel the market. The market can be distinguished by parameters such as various modalities, applications, and offering. I would like to understand, how does this report help in launching a new business in the biometrics space by identifying most attractive hotbets?
I would like to understand the used cases of biometric solutions for law and enforcement
I would like to understand the overall market scenario of biometric system market
Biometric authentication solution has a tremendous demand in APAC countries. Growing adoption is largely attributed to the increasing use cases in China for public safety such as implementing facial recognition cameras and growing number of airports with biometric security checkpoints. So, I would like to understand the market in China for biometric solutions and how we can cater to it. Further, what are some of the hot bets in China where we can expand our business.
Government agencies across the globe are increasingly using social media as a primary communication channel from communicating crisis to policy changes. For instance, US Department of State using YouTube to share press briefings or updating the citizens about a new regulation. Social media has made communication between citizens and government much easier. The government worldwide follows measures for data privacy such as high-tech encryption and multi-layered authentication. However, there are no stringent rules that prevent officials at government agencies from publishing the sensitive information online or data misuse. Does the report include data breaches and potential abuse of biometrics databases crossed against social media accounts by certain governments?
Does the report include biometric system market for Middle East and Pakistan
Does this report provide detail analysis of India market including the usage of Indian data base to incorporate various applications and software
Although the market of biometric system is huge, it still projected to grow significantly as there is continuous shift towards implementing stringent security methods that replaces traditional identification methods with biometrics. At the same time, market can be distinguish on the basis of various parameters such as various modalities, applications, and offering. I would like to understand, how does this report help in launching a new business in biometric space by identifying most attractive hotbets.
I would like to understand the market trends in biometric industry
"Software play a significant role in ensuring the interoperability and compatibility of biometric devices, particularly with feasibility to integrate add-on features in existing hardware by updating the software. So depending upon the usage with respect to different authentication technologies and applications we may further classify the software segment. I would like to understand wheather this report include different types of software used in biometric solutions an the market sizing for the same?"
I would like to understand the scope of the report
Doe this report covers industry specific competitive analysis
I would like to understand the adoption of smart locks and biometrics in the space
I would like to understand the distinction of market based on single factor authentication
Does this report covers in-depth analysis of companies involved in the biometric space along with detailed segmentation with respect to technology and application
Does this report provide specifics about next generation biometric
How does this report cover market for IT / ITES / BPO segment to position 2 Factor Authentication, Server Access Management and Single Sign-ON using biometric
What΄s difference of "Single User License" and "Corporate License"?
With the inclusion of biometric authentication across various applications, there are various key revenue pockets that are emerging to further expand the biometric industry. Foe instance, biometric identification as a service is significantly growing with the inclusion of more smart devices and cloud based intelligence platform. Does the scope of the report covers biometric as a service market and further break it down with respect to the applications?