Biometric System Market

Biometric System Market by Authentication Type (Single Factor, Fingerprint, Iris, Face, Voice; Multi-factor), Type (Contact-based, Contactless, Hybrid), Offering Type, Mobility, Vertical & Region (2022-2027)

Report Code: SE 3449 Mar, 2022, by marketsandmarkets.com

[321 Pages Report] The global biometric system market is expected to grow from USD 42.9 billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%.

Increasing the advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Moreover, growing adoption of biometric system in consumer electronics, BFSI as well as automotive verticals will drive the demand for this technology in the near future.

Biometric System Market

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 Impact on the Global Biometric system market

COVID-19 has led companies to mobilize quickly and make both short-term and long-term adjustments in their business models as far as the sales and distribution capabilities of their product offerings are concerned. Global supply chains were disrupted as the virus spread across the globe bringing uncertainly over quarantine duration, affecting product sales. The pandemic also accelerated the adoption of digital services across all industries.

COVID-19 had an uncertain impact on the standard way of living of the global population. The soaring need to diminish the widespread of this virus as it may be transmitted through touching objects has led to the demand for contactless biometric systems. Fingerprint and palm-print recognition systems have witnessed a downfall during this period. However, they were replaced by contact-less systems such as the face, IRIS, and voice biometrics as the end customers do not intend to risk the security issues. Various biometric systems are affected to different degrees in terms of security vulnerabilities. The coronavirus pandemic is here to stay and the fact that these contactless technologies can track the user’s identity more efficiently offers lucrative opportunities for the market during the forecast period

However, with ease in lockdown in countries such as China, India, the US, and Germany, and vaccines being rolled out by numerous countries since December 2020, the manufacturing sector is expected to pick up the pace gradually in the coming months, and the biometric system market is expected to recover by mid 2022.

Biometric System Market Dynamics

Driver: Increasing use of biometric technology in consumer electronics for authentication and identification applications

Manufacturers of consumer electronics, including smartphones, tablets, laptops, and home automation devices, are keen on integrating advanced features and functionalities into their products to attract more customers and expand their client base. As consumers adopt highly advanced connected devices and digital technologies to process critical information, it creates security concerns among end users. Therefore, today’s consumers prefer using devices that support biometric authentication to access bank accounts, email accounts, and other personal data such as medical records and financial information. Similarly, biometric technology-based smartphones are increasingly being used to secure credentials for accessing buildings, doors, and IT systems, thereby delivering a better experience to users and presenting various opportunities to providers of portable access control solutions. All these factors boost the demand for smartphones at present, and a similar trend is likely to observe in the near future.

Restraint: Substantial costs associated with biometric systems.

Biometric system providers meet the requirements of specialized applications in government, banking, financial services, and insurance (BFSI), consumer electronics, automotive, and several other verticals. Production of the advanced biometric system involves high capital investment in R&D, production, installation, maintenance, and shipping. Software and hardware components (fingerprint readers, electronic locking system, scanners, sensors, cameras) of high-performance biometric systems incur significant installation and maintenance costs. More sophisticated biometric technologies require modernized raw materials and subcomponents, thereby incurring additional costs. At users’ end, they have to bear the shipping, installation, and preventive maintenance costs. Thus, the need for heavy capital investment hinders the biometric system market growth. However, the higher adoption rate of these sophisticated technologies implies that the cost would decrease in the near future.

Opportunity: Significant advances in biometric solutions designed for authentication and identification applications

Biometric solutions have undergone significant technological advances in the recent past. Advances in sensing technologies and the widespread use of devices such as computers and mobile phones offer new opportunities for capturing the physiological and behavioral traits of human beings and analyzing related data for biometric authentication. Machine learning and artificial intelligence technology-powered biometric systems are bringing new possibilities to effectively identify any unusual behavior and provide an additional layer of authentication, if necessary. Biometric solutions with multi-factor authentication are gaining traction to avoid possible data breaches. The increasing demand for contactless systems and expanding applications areas encourage biometric system manufacturers to continuously invest in R&D activities to enhance their portfolio of advanced biometric systems

Challenge: Data security concerns and lack of technical know-how

Biometric systems are increasingly being used to maintain and protect the identity of civilians. In this modern era, citizens consider privacy as one of the most important rights, and there is a common perception that biometric systems invade these rights owing to their private information being known to sources. Such information is said to be misused by country rivals or criminal prosecutors for unfair practices and manipulating public opinion. Misuse of the lost information may lead to class action lawsuits or regulatory fines against the company that leaked the data. Protocols such as restrictions in copying and downloading of personal information by third parties in an attempt to decrease the likeliness of loss of information for illegal use are required to be imposed by concerned authorities.

The multi-factor authentication segment is expected to grow at the fastest CAGR in the biometric system market during the forecast period. The growing demand for multi-factor authentication is attributed to the rising need for additional security against the theft of sensitive data, especially in government and defense verticals. Combining multiple identifiers adds an extra level of protection, making the system more effective, accurate, and reliable. In addition, a multimodal biometric system can reduce the failure to enroll (FTE) and failure to capture (FTC) rates. The rapid development of biometric smart cards for payment and identification purposes is expected to drive the demand for multi-factor during the forecast period.

Government vertical is expected to have the largest market share during the forecast period

The government vertical held the largest share of the biometric system market in 2021, and the trend is expected to continue during the forecast period. Biometrics helps in dismissing corruption through various government-deployed projects for large-scale identification, such as biometric civil IDs. Through biometric identification, government subsidies, rebates, and incentives that include rations and others can be easily offered to the entitled citizens while avoiding any possible loopholes in the system. Government agencies also utilize biometric solutions for verifying individuality across international boundaries. In certain countries, visa aspirants are mandated to give biometric samples that are searched in criminal records and immigration databases for refraining the offenders to enter their geographies.

Asia Pacific is the leading biometric system market in terms of CAGR, globally during the forecast period

The market in APAC will grow at the highest CAGR during the forecast period. The biometric system market in APAC is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The presence of prominent biometric system manufacturers including Fujitsu and NEC Corporation is expected to contribute to the revenue share of this region owing to the rapid economic growth in major countries such as China, Japan, India, and South Korea. The growth of the biometric system market in APAC is also attributed to technological advancements, increased awareness among the masses regarding the use of biometric systems for security purposes, and lowered the cost of devices based on these technologies

Biometric System Market by Region

To know about the assumptions considered for the study, download the pdf brochure

Key Market Players

The biometric system market is dominated by players such as Thales Group(Paris), Idemia (France), ASSA ABLOY (Sweden), NEC Corporation(Japan), and Fujitsu(Japan).

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2018-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million),

Segments covered

by authentication type, by offering, by type, by mobility, and vertical.

Geographies covered

North America, Europe, APAC, Rest of the World

Companies covered

Thales Group(Paris), Idemia (France), ASSA ABLOY (Sweden), NEC Corporation(Japan) and Fujitsu(Japan), Precise Biometrics(Sweden),secunet Security Networks AG (Germany), Stanley Black & Decker, Inc.(France), Aware Inc (US), Cognitec Systems GmbH(Germany), Daon, Inc. (US), DERMALOG Identification Systems GmbH (Germany), Neurotechnology (Lithuania), Innovatrics(slovakia), Veridos GmbH (Germany), ZETES (Belgium), Jumio (US), Onfido (UK),iProov (UK), Facetec, Inc (US), BIO-key International (US), ID R&D Inc (US), Beijing Megvii Technology Co., Ltd.(China), SenseTime (China)Nuance Communications, Inc (US), David Link Manila Corporation (Philipines), Facebanx (UK), Securiport (US), M2SYS Technology (US), SUPREMA (South Korea), Fulcrum Biometrics, Inc, (US), OneSpan (US), Qualcomm Technologies, Inc. (US), Integrated Biometrics (US), Imageware (US), Leidos (US), Papillon Systems (Russia), Sonda (Chile) are the key players in the biometric system market.

The study categorizes the biometric system market based on value, by design IP type, by IP source, by IP core and vertical at the regional and global levels.

By Authentication Type

  • Single-Factor Authentication
  • Multi-Factor Authentication

By Offering

  • Hardware
  • Software

By Type

  • Contact-Based
  • Contact-less
  • Hybrid

By Mobility

  • Fixed
  • Portable

By Vertical

  • Government
  • Consumer Electronics
  • Military & Defense
  • Healthcare
  • Banking & Finance
  • Travel & Immigration
  • Automotive
  • Security
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of APAC
  • Rest of the World
    • Middle East & Africa
    • South America

Recent Developments

  • In January 2022, IDEMIA collaborated with Microsoft to deliver next-generation eSIM and connectivity solutions for consumer and M2M/IoT devices.
  • In July 2021, Thales Group launched a new voice biometric solution, a part of the Trusted Digital Identity Service Platform, for onboarding and authentication. It allows detecting fraudsters attempting to mimic customers.
  • In April 2020, The acquisition allowed Fujitsu Frontech North America, Inc. to strengthen its offerings and expand its biometric authentication solutions business domestically and globally.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 40)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 BIOMETRIC SYSTEM MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES:

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
           FIGURE 2 BIOMETRIC SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 list of secondary sources
                    2.1.2.2 Key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key industry insights
                    2.1.3.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Methodology for arriving at market size using bottom-up approach
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM UP (SUPPLY SIDE)— REVENUE GENERATED BY COMPANIES IN BIOMETRIC SYSTEM MARKET
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 2
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Methodology for capturing market size using top-down approach
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
    2.6 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 56)
    3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           FIGURE 7 IMPACT OF COVID-19 ON BIOMETRIC SYSTEM MARKET
    3.2 POST-COVID-19 SCENARIO
           TABLE 2 POST-COVID-19 SCENARIO: BIOMETRIC SYSTEM MARKET, 2022–2027 (USD MILLION)
    3.3 OPTIMISTIC SCENARIO (POST-COVID-19)
           TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): BIOMETRIC SYSTEM MARKET, 2022–2027 (USD MILLION)
    3.4 PESSIMISTIC SCENARIO (POST-COVID-19)
           TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): BIOMETRIC SYSTEM MARKET, 2022–2027 (USD MILLION)
           FIGURE 8 MULTI-FACTOR AUTHENTICATION TYPE TO REGISTER HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD
           FIGURE 9 CONTACTLESS BIOMETRIC SYSTEMS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 10 BIOMETRIC SYSTEM MARKET FOR SOFTWARE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           FIGURE 11 PORTABLE BIOMETRIC SYSTEM MARKET TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           FIGURE 12 GOVERNMENT VERTICAL TO HOLD LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2027
           FIGURE 13 BIOMETRIC SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 63)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN BIOMETRIC SYSTEM MARKET
           FIGURE 14 INCREASING DEPLOYMENT OF BIOMETRIC SYSTEMS IN HEALTHCARE TO FUEL MARKET GROWTH FROM 2022 TO 2027
    4.2 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE
           FIGURE 15 SINGLE-FACTOR AUTHENTICATION SEGMENT TO ACCOUNT FOR LARGER SHARE OF BIOMETRIC SYSTEM MARKET FROM 2022 TO 2027
    4.3 BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE
           FIGURE 16 SOFTWARE SEGMENT TO OUTGROW HARDWARE SEGMENT DURING FORECAST PERIOD
    4.4 BIOMETRIC SYSTEM MARKET, BY TYPE
           FIGURE 17 CONTACTLESS BIOMETRICS TO HOLD LARGEST SHARES OF BIOMETRIC SYSTEM MARKET IN 2027
    4.5 BIOMETRIC SYSTEM MARKET, BY MOBILITY
           FIGURE 18 PORTABLE SEGMENT IS EXPECTED TO WITNESS FASTER GROWTH DURING FORECAST PERIOD
    4.6 BIOMETRIC SYSTEM MARKET, BY VERTICAL
           FIGURE 19 GOVERNMENT SEGMENT HELD LARGEST MARKET SIZE IN 2022
    4.7 BIOMETRIC SYSTEM MARKET, BY COUNTRY
           FIGURE 20 INDIA TO REGISTER HIGHEST CAGR IN BIOMETRIC SYSTEM MARKET FROM 2022 TO 2027

5 MARKET OVERVIEW (Page No. - 67)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 21 BIOMETRIC SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing use of biometric technology in consumer electronics for authentication and identification applications
                               FIGURE 22 SMARTPHONE ADOPTION RATE (%), BY GEOGRAPHY, 2020 VS. 2025
                               TABLE 5 USE CASES OF MODERN-DAY CONSUMER ELECTRONICS: FINGERPRINT AUTHENTICATION
                               TABLE 6 USE CASES OF MODERN-DAY CONSUMER ELECTRONICS: FACE AUTHENTICATION
                    5.2.1.2 Growing focus of governments worldwide on improving governance and delivering welfare benefits to needy, and preventing fake entries of beneficiaries using biometrics
                    5.2.1.3 Rising need for biometric technology-based surveillance and security solutions owing to heightened threat of terrorist attacks
                               FIGURE 23 DEATH DUE TO TERRORIST ATTACKS (%), BY COUNTRY, 2019
                               TABLE 7 TOP 10 COUNTRIES WITH HIGHEST NUMBER OF TERROR ATTACKS AND FATALITIES, 2019
                    5.2.1.4 Surging adoption of biometric technologies in automotive applications to ensure improved safety and security
           5.2.2 RESTRAINTS
                    5.2.2.1 Substantial costs associated with biometric systems
                    5.2.2.2 Increased hygiene concerns and high risk of transmission of coronavirus posed by touch-based biometric solutions
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Significant advances in biometric solutions designed for authentication and identification applications
                               TABLE 8 RECENT UPDATES IMPLEMENTED BY SUPPLIERS OF BIOMETRIC SYSTEMS
                               TABLE 9 BIOMETRIC DEPLOYMENT DEPICTING RELEVANT DEVELOPMENTS
                    5.2.3.2 Strategic collaborations among supply chain participants
                               TABLE 10 SYSTEM PROVIDERS – END-USER PARTNERSHIPS
                    5.2.3.3 Improved/direct availability of Biometric-as-a-Service
                               TABLE 11 SAAS DEVELOPMENTS BY PARTICIPANTS IN BIOMETRIC SYSTEM ECOSYSTEM
           5.2.4 CHALLENGES
                    5.2.4.1 Data security concerns and lack of technical know-how
                    5.2.4.2 Failure in detecting authorized and unauthorized users
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 24 BIOMETRIC SYSTEM MARKET: VALUE CHAIN
    5.4 PORTER’S FIVE FORCES ANALYSIS
           TABLE 12 BIOMETRIC SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.5 BIOMETRIC SYSTEM ECOSYSTEM ANALYSIS
           FIGURE 25 ECOSYSTEM OF BIOMETRIC SYSTEM MARKET
           TABLE 13 BIOMETRIC SYSTEM MARKET: ECOSYSTEM
    5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS' BUSINESS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR BIOMETRIC SYSTEM MANUFACTURERS
                    FIGURE 26 REVENUE SHIFT FOR BIOMETRIC SYSTEM MANUFACTURERS
    5.7 CASE STUDY ANALYSIS
           5.7.1 USE CASE - BIOMETRIC-ENABLED BOARDING HAS BECOME POSSIBLE FOR UK PASSENGERS OWING TO JOINT EFFORTS OF EUROSTAR AND IPROOV
           5.7.2 USE CASE - MULTI-BIOMETRIC ENTRY/EXIT PROGRAM IN UAE HAS ENABLED SEAMLESS CROSSINGS
           5.7.3 CYBERLINK WILL DEPLOY FACE RECOGNITION SYSTEMS FOR TALMA IN LATIN AMERICA
           5.7.4 IDEMIA AND SOPRA STERIA WILL TOGETHER DEPLOY NEW SHARED BIOMETRIC MATCHING SYSTEM TO BOOST BORDER SECURITY IN EU
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 CLOUD-BASED BIOMETRIC SYSTEM
           5.8.2 FINGER-VEIN RECOGNITION
           5.8.3 3D FACE RECOGNITION
           5.8.4 SENSOR INTEROPERABILITY
    5.9 PRICING ANALYSIS
           TABLE 14 BIOMETRIC SCANNERS, SELLING PRICE
    5.10 TRADE AND TARIFF ANALYSIS
           5.10.1 TRADE DATA FOR HS CODE 847190
                    TABLE 15 EXPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
                    TABLE 16 IMPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           5.10.2 TARIFF ANALYSIS
                    TABLE 17 TARIFFS DATA FOR HS 854081
    5.11 PATENT ANALYSIS
                    FIGURE 27 PATENT ANALYSIS: BIOMETRIC SYSTEM MARKET
                    TABLE 18 RELATED PATENTS
    5.12 REGULATORY LANDSCAPE
           5.12.1 GOVERNMENT REGULATIONS REGARDING FAIR AND TRANSPARENT USE OF BIOMETRIC SYSTEMS – PRIVACY POLICIES
                    TABLE 19 PRIVACY REGULATIONS BY COUNTRIES
    5.13 EKYC-RELATED LEGISLATIONS
           5.13.1 NORTH AMERICA
                    5.13.1.1 US
                    5.13.1.2 Canada
                    5.13.1.3 Mexico
           5.13.2 EUROPE
                    5.13.2.1 UK
                    5.13.2.2 Germany
                    5.13.2.3 France
                    5.13.2.4 Italy
                    5.13.2.5 Rest of Europe
           5.13.3 APAC
                    5.13.3.1 China
                    5.13.3.2 Japan
                    5.13.3.3 South Korea
                    5.13.3.4 Taiwan
                    5.13.3.5 Australia
                    5.13.3.6 India
                    5.13.3.7 Rest of APAC
           5.13.4 REST OF THE WORLD (ROW)
                    5.13.4.1 Brazil
                    5.13.4.2 South America
                    5.13.4.3 Middle East & Africa
                               TABLE 20 SUMMARISED SURVEY RESULTS: ARAB COUNTRIES' POSITION ON IMPLEMENTATION OF EKYC PROCEDURES
    5.14 STATUS OF ADOPTION OF BIOMETRICS IN BANKING AND FINANCIAL INDUSTRY
           5.14.1 NORTH AMERICA
                    5.14.1.1 US
                    5.14.1.2 Canada
                    5.14.1.3 Mexico
           5.14.2 EUROPE
                    5.14.2.1 UK
                    5.14.2.2 Germany
                    5.14.2.3 France
                    5.14.2.4 Italy
                    5.14.2.5 Rest of Europe
           5.14.3 APAC
                    5.14.3.1 China
                    5.14.3.2 Japan
                    5.14.3.3 South Korea
                    5.14.3.4 Taiwan
                    5.14.3.5 Australia
                    5.14.3.6 India
                    5.14.3.7 Rest of APAC
           5.14.4 REST OF THE WORLD (ROW)
                    5.14.4.1 Brazil
                    5.14.4.2 South America
                    5.14.4.3 Middle East & Africa (MEA)
    5.15 MAJOR TRENDS
           5.15.1 BIOMETRIC PAYMENT CARD
           5.15.2 BIOMETRIC ATM
           5.15.3 BIOMETRIC AND DATA PRIVACY REGULATIONS
           5.15.4 BIOMETRIC MOBILE APP SECURITY
           5.15.5 BIOMETRIC MULTI-FACTOR AUTHENTICATION
                    TABLE 21 CURRENT AND POTENTIAL PLAYERS, BY REGION

6 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE (Page No. - 117)
    6.1 INTRODUCTION
           FIGURE 28 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE
           FIGURE 29 MULTI-FACTOR AUTHENTICATION TYPE TO REGISTER HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 22 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE, 2018–2021 (USD MILLION)
           TABLE 23 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
    6.2 SINGLE-FACTOR AUTHENTICATION
           6.2.1 USE CASE: SINGLE-FACTOR AUTHENTICATION IN PERSONAL LAPTOPS OR COMPUTERS
                    TABLE 24 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 25 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 26 SINGLE-FACTOR BIOMETRICS SYSTEM MARKET FOR HARDWARE, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 27 SINGLE-FACTOR BIOMETRICS SYSTEM MARKET FOR HARDWARE, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 28 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 29 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 30 SINGLE-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                    TABLE 31 SINGLE-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                    TABLE 32 SINGLE-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 33 SINGLE-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.2 FINGERPRINT RECOGNITION
                    TABLE 34 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 35 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 36 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                    TABLE 37 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                    TABLE 38 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 39 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 40 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 41 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    6.2.2.1 AFIS
                               6.2.2.1.1 Growing demand for biometrics from law enforcement agencies to propel market for AFIS
                               6.2.2.1.2 Use case: AFIS for forensic identification
                    6.2.2.2 Non-AFIS
                               6.2.2.2.1 Increasing use of biometrics in educational institutions to drive adoption of non-AFIS technology
           6.2.3 IRIS RECOGNITION
                    6.2.3.1 Iris recognition technology is mainly adopted in government security vertical for identification and authentication
                               TABLE 42 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,  2018–2021 (USD MILLION)
                               TABLE 43 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 44 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 45 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 46 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 47 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.4 PALM PRINT RECOGNITION
                    6.2.4.1 Increased level of accuracy and security offered by palm print recognition fosters market growth
                               TABLE 48 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 49 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 50 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 51 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 52 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 53 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.5 FACE RECOGNITION
                    6.2.5.1 Escalated need for surveillance and elevated demand for video analytics boosts market for face recognition
                    6.2.5.2 Use Case: Rising adoption of facial technology in law enforcement and government verticals
                               TABLE 54 FACIAL RECOGNITION TECHNOLOGY – RECENT DEVELOPMENTS
                               TABLE 55 FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 56 FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 57 FACE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 58 FACE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 59 FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 60 FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.6 VEIN RECOGNITION
                    6.2.6.1 Constant requirement for high security in banking and immigration security verticals fuels growth of vein recognition market
                               TABLE 61 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 62 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 63 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 64 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 65 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 66 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.7 SIGNATURE RECOGNITION
                    6.2.7.1 Non-invasive nature and better convenience of signature recognition to surge its adoption in near future
                               TABLE 67 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 68 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 69 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 70 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 71 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 72 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.8 VOICE RECOGNITION
                    6.2.8.1 High accuracy of voice recognition through integration of AI to boost demand for voice recognition in coming years
                    6.2.8.2 Use Case: Soaring need for improving customer service in online banking
                               TABLE 73 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 74 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 75 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 76 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 77 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 78 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.9 OTHERS
                    TABLE 79 OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 80 OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 81 OTHER RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                    TABLE 82 OTHER RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                    TABLE 83 OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 84 OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.3 MULTI-FACTOR AUTHENTICATION
           TABLE 85 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
           TABLE 86 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
           TABLE 87 MULTI-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
           TABLE 88 MULTI -FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
           TABLE 89 MULTI-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 90 MULTI-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 91 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 92 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY TYPE, 2022–2027 (USD MILLION)
           6.3.1 BIOMETRIC SMART CARD
                    6.3.1.1 Biometric smart card offers advanced secured authentication capabilities
                               TABLE 93 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 94 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 95 MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART CARD MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 96 MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART CARD MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 97 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 98 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY REGION, 2022–2027 (USD MILLION)
           6.3.2 BIOMETRIC PIN
                    6.3.2.1 Biometric PIN is most common multi-factor authentication method
                               TABLE 99 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 100 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 101 MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART PIN MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 102 MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART PIN MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 103 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 104 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY REGION, 2022–2027 (USD MILLION)
           6.3.3 MULTIMODAL
                    6.3.3.1 Use case: Deployment of multi-modal biometrics in enterprise security
                               TABLE 105 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 106 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 107 MULTIMODAL MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)
                               TABLE 108 MULTIMODAL MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                               TABLE 109 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 110 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY REGION, 2022–2027 (USD MILLION)
                               TABLE 111 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY MULTIMODAL TYPE, 2018–2021 (USD MILLION)
                               TABLE 112 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY MULTIMODAL TYPE, 2022–2027 (USD MILLION)
                    6.3.3.2 Two-factor authentication
                    6.3.3.3 Three-factor authentication

7 BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE (Page No. - 163)
    7.1 INTRODUCTION
           FIGURE 30 BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE
           FIGURE 31 MARKET FOR SOFTWARE TO GROW AT HIGHER RATE DURING FORECAST PERIOD
           TABLE 113 BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE, 2018–2021 (USD MILLION)
           TABLE 114 BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE, 2022–2027 (USD MILLION)
    7.2 HARDWARE
           TABLE 115 RECENTLY LAUNCHED BIOMETRIC HARDWARE
           TABLE 116 BIOMETRIC HARDWARE MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 117 BIOMETRIC HARDWARE MARKET, BY TYPE, 2022–2027 (USD MILLION)
           7.2.1 FINGERPRINT READERS
                    7.2.1.1 Fingerprint readers to hold largest share of biometric system market for hardware segment in 2027
                    7.2.1.2 Use case: Fingerprint readers for access control at commercial spaces
           7.2.2 SCANNERS
                    7.2.2.1 Low failure rate of scanners in identifying and authenticating individuals boosts their demand
           7.2.3 CAMERAS
                    7.2.3.1 High adoption of facial recognition technology-based biometric systems to create increased demand for cameras
                               7.2.3.1.1 Use case: Utilization of biometric cameras in airport and immigration
           7.2.4 OTHERS
    7.3 SOFTWARE
           7.3.1 SOFTWARE TO WITNESS HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD
                    7.3.1.1 Rising adoption of modernized biometric software in military & defense sector
                               TABLE 118 RECENTLY LAUNCHED BIOMETRIC SOFTWARE
                               TABLE 119 FINGERPRINT RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 120 FINGERPRINT RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 121 IRIS RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,  2018–2021 (USD MILLION)
                               TABLE 122 IRIS RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 123 FACE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 124 FACE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 125 VOICE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 126 VOICE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL, 2022–2027 (USD MILLION)

8 BIOMETRIC SYSTEM MARKET, BY TYPE (Page No. - 175)
    8.1 INTRODUCTION
           FIGURE 32 BIOMETRIC SYSTEM MARKET, BY TYPE
           FIGURE 33 MARKET FOR CONTACTLESS SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           TABLE 127 BIOMETRIC SYSTEM MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 128 BIOMETRIC SYSTEM MARKET, BY TYPE, 2022–2027 (USD MILLION)
    8.2 CONTACT-BASED
           8.2.1 CONTACTLESS BIOMETRIC SYSTEMS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 129 CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 130 CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 131 CONTACT-BASED BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 132 CONTACT-BASED BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 133 CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 134 CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2022–2027 (USD MILLION)
    8.3 CONTACTLESS
           8.3.1 CONTACTLESS BIOMETRIC SOLUTIONS ARE WIDELY USED FOR NON-TOUCH VERIFICATION
                    TABLE 135 USE CASE 1: STAR ALLIANCE BIOMETRICS LAUNCHED IDENTITY VERIFICATION PLATFORM IN FRANKFURT AND MUNICH AIRPORTS, GERMANY
                    TABLE 136 CONTACTLESS BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 137 CONTACTLESS BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 138 CONTACTLESS BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 139 CONTACTLESS BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 140 CONTACTLESS BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 141 CONTACTLESS BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2022–2027 (USD MILLION)
    8.4 HYBRID
           8.4.1 MARKET FOR HYBRID BIOMETRIC SOLUTIONS TO GROW AT SIGNIFICANT RATE OWING TO HIGH SECURITY AND ACCURACY OFFERED BY THEM
                    TABLE 142 HYBRID BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 143 HYBRID BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 144 HYBRID BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 145 HYBRID BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 146 HYBRID BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 147 HYBRID BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2022–2027 (USD MILLION)

9 BIOMETRIC SYSTEM MARKET, BY MOBILITY (Page No. - 186)
    9.1 INTRODUCTION
           FIGURE 34 BIOMETRIC SYSTEM MARKET, BY MOBILITY
           FIGURE 35 PORTABLE BIOMETRIC SYSTEM MARKET TO GROW AT HIGHER RATE DURING FORECAST PERIOD
           TABLE 148 BIOMETRIC SYSTEM MARKET, BY MOBILITY, 2018–2021 (USD MILLION)
           TABLE 149 BIOMETRIC SYSTEM MARKET, BY MOBILITY, 2022–2027 (USD MILLION)
    9.2 FIXED
           9.2.1 FIXED BIOMETRICS SEGMENT IS EXPECTED TO HOLD LARGER SIZE OF MARKET DURING FORECAST PERIOD
           9.2.2 USE OF BIOMETRIC ATTENDANCE SYSTEMS FOR HIGH-LEVEL SECURITY IN EDUCATIONAL INSTITUTES
    9.3 PORTABLE
           9.3.1 MARKET FOR PORTABLE BIOMETRIC SYSTEMS IS EXPECTED TO WITNESS HIGHER CAGR DURING FORECAST PERIOD
           9.3.2 PORTABLE BIOMETRIC SOLUTIONS ARE WIDELY USED BY LAW ENFORCEMENT AGENCIES

10 BIOMETRIC SYSTEM MARKET, BY VERTICAL (Page No. - 190)
     10.1 INTRODUCTION
               FIGURE 36 BIOMETRIC SYSTEM MARKET, BY VERTICAL
               FIGURE 37 GOVERNMENT SEGMENT LIKELY TO HOLD LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2027
               TABLE 150 BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
               TABLE 151 BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
     10.2 GOVERNMENT
             10.2.1 INCREASING GOVERNMENT INITIATIVES FOR PUBLIC SAFETY BOOST DEMAND FOR BIOMETRICS SOLUTIONS
                       10.2.1.1 Use case 1: Law enforcement and public security for criminal and suspect identification
                       10.2.1.2 Use case 2: Civil identification for citizens
                       10.2.1.3 Use case 3: Voter identification
                                   TABLE 152 GLOBAL BIOMETRIC SYSTEM MARKET, BY GOVERNMENT VERTICAL TYPE, 2018–2021 (USD MILLION)
                                   TABLE 153 GLOBAL BIOMETRIC SYSTEM MARKET, BY GOVERNMENT VERTICAL TYPE, 2022–2027 (USD MILLION)
                                   TABLE 154 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 155 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 156 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 157 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 158 BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 159 BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 160 BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 161 BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.3 MILITARY & DEFENSE
             10.3.1 RISING IMPLEMENTATION OF BIOMETRICS IN MILITARY & DEFENSE SECTOR ENSURES ENHANCED SECURITY
                       10.3.1.1 Use Case: Soaring need for secure solutions at different check posts
                                   TABLE 162 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 163 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 164 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 165 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 166 BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 167 BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 168 BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 169 BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.4 HEALTHCARE
             10.4.1 SOARING NEED TO BRING EFFICIENCY IN CLINICAL PROCESSES AND IMPROVE DIAGNOSIS AND TREATMENT BOOSTS ADOPTION OF BIOMETRICS IN HEALTHCARE
                       10.4.1.1 Use case: Securing patient’s personal information
                                   TABLE 170 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 171 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 172 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 173 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 174 BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 175 BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 176 BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 177 BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.5 BANKING & FINANCE
             10.5.1 GROWING FOCUS ON PROVIDING EASY ACCESS TO FINANCIAL SERVICES DRIVES ADOPTION OF BIOMETRIC SYSTEMS IN BANKING & FINANCE SECTOR
                       10.5.1.1 Use Case: Rising need for contactless payment technologies by BFSI sector
                                   TABLE 178 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 179 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 180 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 181 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 182 BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 183 BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 184 BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 185 BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.6 CONSUMER ELECTRONICS
             10.6.1 SURGING ADOPTION OF BIOMETRICS IN CONSUMER ELECTRONICS TO SAFEGUARD CRITICAL INFORMATION AND AVOID RISKS OF THEFT AND FRAUD
                       10.6.1.1 Use Case: Rising need for passwordless authentication algorithms
                                   TABLE 186 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 187 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 188 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 189 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 190 BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 191 BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 192 BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 193 BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.7 TRAVEL & IMMIGRATION
             10.7.1 GROWING SECURITY CONCERNS OF VARIOUS NATIONS TO DRIVE ADOPTION OF BIOMETRIC SYSTEMS IN TRAVEL & IMMIGRATION SECTOR
                       10.7.1.1 Use Case: Biometric solutions at travel and immigration facilities
                                   TABLE 194 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 195 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 196 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 197 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 198 BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 199 BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 200 BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 201 BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.8 AUTOMOTIVE
             10.8.1 RISING FOCUS ON IMPROVING VEHICLE SAFETY AND PROTECTING THEM FROM THEFT SPURS DEMAND FOR BIOMETRICS IN AUTOMOTIVE SECTOR
                       10.8.1.1 Use Case: Tailored biometric solutions for enhancing customization, safety, and convenience for drivers
                                   TABLE 202 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 203 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 204 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 205 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 206 BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 207 BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 208 BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 209 BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2022–2027 (USD MILLION)
     10.9 SECURITY
               TABLE 210 BIOMETRIC SYSTEM MARKET, BY SECURITY VERTICAL TYPE, 2018–2021 (USD MILLION),
               TABLE 211 BIOMETRIC SYSTEM MARKET, BY SECURITY VERTICAL TYPE, 2022–2027 (USD MILLION)
               TABLE 212 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 213 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
               TABLE 214 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 215 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
               TABLE 216 BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TYPE, 2018–2021 (USD MILLION)
               TABLE 217 BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 218 BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY REGION, 2018–2021 (USD MILLION)
               TABLE 219 BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY REGION, 2022–2027 (USD MILLION)
             10.9.1 HOME SECURITY
                       10.9.1.1 Increasing deployment of IoT and wireless technologies in residential sector creates requirement for biometrics to ensure enhanced security
             10.9.2 COMMERCIAL SECURITY
                       10.9.2.1 Rising security concerns among enterprises drive adoption of biometric systems in commercial security applications
     10.10 OTHERS
               10.10.1 USE CASE: CONTACTLESS PAYMENT PROCESSING IN BRICK-AND-MORTAR STORES IS NEW NORMAL FOR BANKING SECTOR
                                   TABLE 220 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 221 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 222 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 223 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                   TABLE 224 BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TYPE, 2018–2021 (USD MILLION)
                                   TABLE 225 BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TYPE, 2022–2027 (USD MILLION)
                                   TABLE 226 BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY REGION, 2018–2021 (USD MILLION)
                                   TABLE 227 BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY REGION, 2022–2027 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 232)
     11.1 INTRODUCTION
               FIGURE 38 BIOMETRIC SYSTEM MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 228 BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 229 BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 39 NORTH AMERICA: SNAPSHOT OF BIOMETRIC SYSTEM MARKET
               TABLE 230 BIOMETRIC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 231 BIOMETRIC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
             11.2.1 US
                       11.2.1.1 Growing military spending toward modernized infrastructure
             11.2.2 CANADA
                       11.2.2.1 Rising immigrants in country for education and work purposes
             11.2.3 MEXICO
                       11.2.3.1 Increasing smart city projects in country owing to rapid digitalization
     11.3 EUROPE
               FIGURE 40 EUROPE: SNAPSHOT OF BIOMETRIC SYSTEM MARKET
               TABLE 232 BIOMETRIC SYSTEM MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 233 BIOMETRIC SYSTEM MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
             11.3.1 GERMANY
                       11.3.1.1 Increasing use of biometrics in automobiles for securing digital identity
             11.3.2 UK
                       11.3.2.1 Rising demand for connected equipment from healthcare sector
             11.3.3 FRANCE
                       11.3.3.1 Continuous efforts to facilitate healthcare sector with modernized equipment
             11.3.4 ITALY
                       11.3.4.1 Rapid deployment of biometrics in airports and borders
             11.3.5 SPAIN
                       11.3.5.1 Growing travel & tourism sector
             11.3.6 REST OF EUROPE
     11.4 APAC
               FIGURE 41 APAC: SNAPSHOT OF BIOMETRIC SYSTEM MARKET
               TABLE 234 BIOMETRIC SYSTEM MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 235 BIOMETRIC SYSTEM MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Rising government initiatives for national security
             11.4.2 JAPAN
                       11.4.2.1 Dominance of Japan in automotive manufacturing
             11.4.3 INDIA
                       11.4.3.1 Growing deployment of biometrics by online payment services
             11.4.4 SOUTH KOREA
                       11.4.4.1 Increasing presence of consumer electronics manufacturers
             11.4.5 AUSTRALIA
                       11.4.5.1 Surging deployment of biometrics in educational facilities
             11.4.6 REST OF APAC
     11.5 ROW
               FIGURE 42 ROW: SNAPSHOT OF BIOMETRIC SYSTEM MARKET
               TABLE 236 BIOMETRIC SYSTEM MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
               TABLE 237 BIOMETRIC SYSTEM MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
             11.5.1 SOUTH AMERICA
                       11.5.1.1 Rapid adoption of biometrics in country’s dominant sectors
             11.5.2 MIDDLE EAST & AFRICA
                       11.5.2.1 Rising government interest toward automated technologies for national security

12 COMPETITIVE LANDSCAPE (Page No. - 249)
     12.1 OVERVIEW
     12.2 3-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS
               FIGURE 43 REVENUE SHARE OF TOP 5 COMPANIES (2018–2020)
     12.3 KEY STRATEGIES/RIGHT TO WIN
               FIGURE 44 KEY STRATEGIES/RIGHT TO WIN
     12.4 MARKET SHARE ANALYSIS (2020)
               TABLE 238 BIOMETRIC SYSTE MARKET: MARKET SHARE ANALYSIS
     12.5 COMPANY EVALUATION QUADRANT, 2020
             12.5.1 STAR
             12.5.2 PERVASIVE
             12.5.3 EMERGING LEADER
             12.5.4 PARTICIPANT
                       FIGURE 45 BIOMETRIC SYSTEM MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020
     12.6 SMALL AND MEDIUM ENTERPRISE (SME) EVALUATION QUADRANT, 2020
             12.6.1 PROGRESSIVE COMPANY
             12.6.2 RESPONSIVE COMPANY
             12.6.3 DYNAMIC COMPANY
             12.6.4 STARTING BLOCK
                       FIGURE 46 BIOMETRIC SYSTEM MARKET (GLOBAL): STARTUPS/SME EVALUATION QUADRANT, 2020
                       TABLE 239 BIOMETRIC SYSTEM MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 240 BIOMETRIC SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES
                       TABLE 241 BIOMETRIC SYSTEM MARKET: COMPANY FOOTPRINT
                       TABLE 242 COMPANY PRODUCT FOOTPRINT
                       TABLE 243 COMPANY VERTICAL FOOTPRINT
                       TABLE 244 COMPANY REGION FOOTPRINT
     12.7 COMPETITIVE SCENARIO
               TABLE 245 BIOMETRIC SYSTEM MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, SEPTEMBER 2019 TO OCTOBER 2021
               TABLE 246 BIOMETRIC SYSTEM MARKET: DEALS, SEPTEMBER 2020 TO OCTOBER 2021

13 COMPANY PROFILES (Page No. - 265)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     13.1 KEY PLAYERS
             13.1.1 THALES GROUP
                       TABLE 247 THALES GROUP: BUSINESS OVERVIEW
                       FIGURE 47 THALES GROUP: COMPANY SNAPSHOT
             13.1.2 IDEMIA (SAFRAN)
                       TABLE 248 IDEMIA: BUSINESS OVERVIEW
                       FIGURE 48 SAFRAN (PARENT COMPANY): COMPANY SNAPSHOT
             13.1.3 NEC CORPORATION
                       TABLE 249 NEC CORPORATION: BUSINESS OVERVIEW
                       FIGURE 49 NEC CORPORATION: COMPANY SNAPSHOT
             13.1.4 ASSA ABLOY
                       TABLE 250 ASSA ABLOY: BUSINESS OVERVIEW
                       FIGURE 50 ASSA ABLOY: COMPANY SNAPSHOT
             13.1.5 FUJITSU
                       TABLE 251 FUJITSU: BUSINESS OVERVIEW
                       FIGURE 51 FUJITSU: COMPANY SNAPSHOT
             13.1.6 PRECISE BIOMETRICS
                       TABLE 252 PRECISE BIOMETRICS: BUSINESS OVERVIEW
                       FIGURE 52 PRECISE BIOMETRICS: COMPANY SNAPSHOT
             13.1.7 SECUNET SECURITY NETWORKS AG
                       TABLE 253 SECUNET SECURITY NETWORKS AG: BUSINESS OVERVIEW
             13.1.8 STANLEY BLACK & DECKER, INC
                       TABLE 254 STANLEY BLACK & DECKER, INC: BUSINESS OVERVIEW
                       FIGURE 53 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
             13.1.9 AWARE, INC
                       TABLE 255 AWARE, INC: BUSINESS OVERVIEW
                       FIGURE 54 AWARE, INC.: COMPANY SNAPSHOT
             13.1.10 COGNITEC SYSTEMS GMBH
                       TABLE 256 COGNITEC SYSTEMS GMBH: BUSINESS OVERVIEW
     13.2 OTHER KEY PLAYERS
             13.2.1 DAON, INC.
             13.2.2 DERMALOG IDENTIFICATIONS SYSTEMS GMBH
             13.2.3 NEUROTECHNOLOGY
             13.2.4 INNOVATRICS
             13.2.5 VERIDOS GMBH
             13.2.6 ZETES
             13.2.7 JUMIO
             13.2.8 ONFIDO
             13.2.9 IPROOV
             13.2.10 FACETEC, INC.
             13.2.11 ID R&D, INC
             13.2.12 MEGVII (BEIJING KUANGSHI TECHNOLOGY CO. LTD)
             13.2.13 SENSETIME
             13.2.14 FACEBANX
             13.2.15 DAVID LINK MANILA CORPORATION
             13.2.16 BIO-KEY INTERNATIONAL
             13.2.17 SECURIPORT
             13.2.18 M2SYS TECHNOLOGY
             13.2.19 SUPREMA
             13.2.20 FULCRUM BIOMETRICS, INC
             13.2.21 ONESPAN
             13.2.22 QUALCOMM
             13.2.23 INTEGRATED BIOMETRICS
             13.2.24 LEIDOS
             13.2.25 IMAGEWARE
             13.2.26 PAPILLON SYSTEMS
             13.2.27 SONDA
             13.2.28 NUANCE COMMUNICATIONS, INC

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 315)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the global biometric system market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include company websites, magazines, industry news, associations, and databases (OneSource, Factiva, and Bloomberg), Global System for Mobile Communications Association (GSMA), Multidisciplinary Digital Publishing Institute (MDPI), FCC, Institute of Electrical and Electronics Engineers (IEEE), and Stockholm International Peace Research Institute (SIPRI), Association of European Science & Technology Transfer Professionals, and corporate filings (such as annual reports, investor presentations, and financial statements). Secondary data has been collected and analyzed to arrive at the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the biometric system market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-and supply-side players across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (the Middle East & Africa and South America). Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Biometric System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the overall size of the biometric system market. These methods have also been used extensively to estimate the size of various market subsegments.

The research methodology used to estimate the market size by top-down approach includes the following:

  • Identifying total shipments of biometric systems aggregated from various primary and secondary sources. Total shipments for each biometric system are calculated from secondary sources as well as insights from primary experts.
  • The average selling price of each product is calculated based on historical data collected from various secondary and primary sources.
  • Shipments of individual products are then multiplied with their corresponding ASPs to arrive at the total revenue generated from the sale of biometric systems.
  • Along with this, the parent market size is determined to arrive at the deployment of biometric systems by different end users. For instance, military warfare equipment revenues are considered to arrive at a ballpark figure for the military & defense segment and satellite communication equipment market size to guesstimate biometric systems adoption in the space & communication segment. The bottom-up approach is implemented for the data extracted from the secondary research to validate the market size obtained.
  • Estimation of geographic splits using secondary sources, based on various factors such as the number of players in a specific country and region, deployment rate, and products offered across various applications in end-user industries

The research methodology used to estimate the market size by bottom-up approach includes the following:

  • Identifying verticals that are either using or are expected to use biometric products and solutions, along with related software and services.
  • Tracking leading companies and system integrators operating across various verticals.
  • Deriving the size of the biometric system market through the data sanity method; analyzing revenues of more than 25 key providers through their annual reports and press releases and summing them up to estimate the overall market size.
  • Understanding and analyzing Y-o-Y projections to derive the projected market values of each technology; initially, the Y-o-Y projections showed a low growth till the fiscal year 2020. However, with the unfolding of the impact of the COVID-19, the biometric system market growth witnessed a slight downfall in 2020, but it is expected to recover by 2021/2022. The market is expected to witness a sharp ascent in growth, thereafter, considering the surging demand for biometric systems from different verticals.
  • Carrying out the market trend analysis to obtain the CAGR of the biometric system market by understanding the penetration rate and analyzing demand and supply of biometric systems products and solutions in different verticals.
  • Assigning a percentage to the overall revenue or, in a few cases, to segmental revenues of each company to derive their revenues from the sales of biometric products and solutions. This percentage for each company has been assigned based on their product portfolios and the range of their biometric system offerings.
  • Verifying and crosschecking estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operation managers, and with domain experts at MarketsandMarkets.
  • Studying various paid and unpaid information sources such as annual reports, press releases, white papers, and databases.
  • Tracking the ongoing and upcoming biometric systems implementation projects by companies and forecasting the market size based on these developments and other critical parameters.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, for consumer electronics, telecommunications & data center, automotive, commercial, industrial and others.

Report Objectives

  • To describe and forecast the biometric system market, in terms of value, by authentication type, by offering, by type, by mobility, and vertical.
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro markets with regard to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, contracts, agreements, and partnerships in the biometric system market.

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Detailed analysis and profiling of additional market players

Report Code
SE 3449
Published ON
Mar, 2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • 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
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • 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
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved