Key Findings
The global biometrics market is expected to grow from USD 10.60 billion in 2016 and projected to reach up to USD 41.39 billion by 2025, at 17.06% CAGR during 2017-2025. The base year considered for the study is 2016 and the estimated period is between 2017 and 2025. The development of the worldwide market is the result of the rising need of the advanced security and border control due to the rising threat of terrorist attacks, the emergence of national ID schemes, E-passports and Visa for effective tourist monitoring. These major factors are supposed to drive the growth of the market during the forecast period.
Market Insights
The global biometrics market is segmented by type on the basis of fixed and mobile. It is also segmented by technology on the basis of fingerprint recognition, IRIS recognition, facial recognition, hand geometry, vein analysis, voice recognition, DNA analysis, GAIT analysis, electroencephalogram (EEG), electrocardiogram and others. It is also segmented by end users on the basis of government, transportation, healthcare, banking financial services and insurance, retail and other end users.
Regional Insights
Asia-Pacific is the fastest growing region with, a CAGR of 20.39%. The presence of emerging economies like China, India, Japan, South Korea, Australia, Malaysia, and Singapore and increased adoption of the biometrics in these countries. North America dominates the global market with the market share of 32.59%, followed by Asia-Pacific and then Europe with a market share of 26.40% and 24.77% respectively. In North America, the demand of biometrics has grown due to increasing need for advanced security measures and tourist management, post 9/11 attacks. Increased security concerns, the rise in the occurrence of identity theft, growth in the smartphone and internet penetration, digitization, demand from various industrial sectors, are the key growth reasons for the progressing Asia Pacific market.
Competitive Insights
Major players in the market are 3M Cogent, Aware Inc, Cross Match Technologies, Fujitsu, HID Global, IrisID, ImageWare Systems, M2SYS Technologies, NEC, SAFRAN, VFS Global and others.
Global Biometrics Market Forecast 2017-2025
Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope of the Market Study
1.3. Who Will Find This Report Useful?
1.4. Study and Forecasting Years
2. Research Methodology
2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. North America- Global Leader In Biometrics Market
3.2.2. Asia Pacific Is the Fastest Growing Market
3.2.3. Fingerprint, Iris Recognition, and Facial Recognition-Key Biometric Technologies
3.2.4. Increased Applications of Biometric Systems
4. Market Dynamics
4.1. Introduction
4.2. Market Definition
4.3. Drivers
4.3.1. Increased Need of Advanced Security
4.3.2. Evolution of Mobile Biometric Systems
4.4. Restraints
4.4.1. Absence of Standardization
4.4.2. Easy Availability of Alternate Technologies
4.5. Opportunities
4.5.1. Implementation of Multimodal Biometrics
4.5.2. Biometrics For Security Applications
4.6. Challenges
4.6.1. High Costs Associated With Biometrics Systems
4.6.2. Technological Limitations
5. Market Segmentation
5.1. By Type
5.1.1. Fixed
5.1.2. Mobile
5.2. By Technology
5.2.1. Fingerprint Recognition
5.2.2. Iris Recognition
5.2.3. Facial Recognition
5.2.4. Hand Geometry
5.2.5. Vein Analysis
5.2.6. Voice Recognition
5.2.7. Dna Analysis
5.2.8. Gait Analysis
5.2.9. Electroencephalogram (Eeg)/ Electrocardiogram (Ecg)
5.2.10. Other
5.3. By End Users
5.3.1. Government
5.3.2. Transportation
5.3.3. Healthcare
5.3.4. Banking Financial Services and Insurance (Bfsi)
5.3.5. Retail
5.3.6. Other End Users
6. Key Analytics
6.1. Porters Five Force Analysis
6.1.1. Bargaining Power of Suppliers
6.1.2. Bargaining Power of Buyers
6.1.3. Threat of New Entrants
6.1.4. Threat of Substitute Product
6.1.5. Threat of Competitive Rivalry
6.2. Vendor Landscape
6.3. Opportunity Matrix
7. Geography Analysis
7.1. North America
7.1.1. United States
7.1.2. Canada
7.2. Europe
7.2.1. United Kingdom
7.2.2. Germany
7.2.3. France
7.2.4. Italy
7.2.5. Rest of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.3.4. South Korea
7.3.5. Australia and New Zealand
7.3.6. Rest of Asia-Pacific
7.4. Latin America
7.4.1. Brazil
7.4.2. Argentina
7.4.3. Mexico
7.4.4. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Turkey
7.5.3. United Arab Emirates
7.5.4. Egypt
7.5.5. Syria
7.5.6. Iraq
7.5.7. South Africa
7.5.8. Rest of Middle East and Africa
8. Competitive Landscape
8.1. Market Share Analysis
8.2. Company Profiles
8.2.1. 3m Cogent
8.2.1.1. Overview
8.2.1.2. Product Portfolio
8.2.1.3. Strategic Moves
8.2.1.4. Scot Analysis
8.2.2. Aware Inc
8.2.2.1. Overview
8.2.2.2. Product Portfolio
8.2.2.3. Strategic Moves
8.2.2.4. Scot Analysis
8.2.3. Bioid
8.2.3.1. Overview
8.2.3.2. Product Portfolio
8.2.3.3. Strategic Moves
8.2.3.4. Scot Analysis
8.2.4. Cross Match Technologies
8.2.4.1. Overview
8.2.4.2. Product Portfolio
8.2.4.3. Strategic Moves
8.2.4.4. Scot Analysis
8.2.5. Fujitsu
8.2.5.1. Overview
8.2.5.2. Product Portfolio
8.2.5.3. Strategic Moves
8.2.5.4. Scot Analysis
8.2.6. Hid Global
8.2.6.1. Overview
8.2.6.2. Product Portfolio
8.2.6.3. Strategic Moves
8.2.6.4. Scot Analysis
8.2.7. Imageware Systems
8.2.7.1. Overview
8.2.7.2. Product Portfolio
8.2.7.3. Strategic Moves
8.2.7.4. Scot Analysis
8.2.8. Iris Id
8.2.8.1. Overview
8.2.8.2. Product Portfolio
8.2.8.3. Strategic Moves
8.2.8.4. Scot Analysis
8.2.9. Iritech Inc
8.2.9.1. Overview
8.2.9.2. Product Portfolio
8.2.9.3. Strategic Moves
8.2.9.4. Scot Analysis
8.2.10. M2sys Technologies
8.2.10.1. Overview
8.2.10.2. Product Portfolio
8.2.10.3. Strategic Moves
8.2.10.4. Scot Analysis
8.2.11. Mistral Solutions Inc
8.2.11.1. Overview
8.2.11.2. Product Portfolio
8.2.11.3. Strategic Moves
8.2.11.4. Scot Analysis
8.2.12. Nec
8.2.12.1. Overview
8.2.12.2. Product Portfolio
8.2.12.3. Strategic Moves
8.2.12.4. Scot Analysis
8.2.13. Safran
8.2.13.1. Overview
8.2.13.2. Product Portfolio
8.2.13.3. Strategic Moves
8.2.13.4. Scot Analysis
8.2.14. Siemens Ag
8.2.14.1. Overview
8.2.14.2. Product Portfolio
8.2.14.3. Strategic Moves
8.2.14.4. Scot Analysis
8.2.15. Vfs Global
8.2.15.1. Overview
8.2.15.2. Product Portfolio
8.2.15.3. Strategic Moves
8.2.15.4. Scot Analysis
List of Tables
Table 1: Global Biometrics Market, 2017-2025 (In $ Billions)
Table 2: Global Biometrics Market, By Type, 2017-2025, (In $ Billion)
Table 3: Global Biometrics Market, By Technology, 2017-2025 (In $ Billion)
Table 4: Global Biometrics Market, By End Users, 2017-2025 (In $ Billion)
Table 5: Global Biometrics Market, By Region, 2017-2025, (In $ Billion)
Table 6: North America Biometrics Market, 2017-2025 (In $ Billions)
Table 7: Europe Biometrics Market, 2017-2025 (In $ Billions)
Table 8: Asia Pacific Biometrics Market, 2017-2025 (In $ Billions)
Table 9: Latin America Biometrics Market, 2017-2025 (In $ Billions)
Table 10: Middle East and Africa Biometrics Market, 2017-2025 (In $ Billions)
List of Figures
Figure 1: Global Biometrics Market, By Region, 2016 (In %)
Figure 2: Global Biometrics Market, By Type, 2016 (In %)
Figure 3: Global Fixed Biometrics Market, 2017-2025 (In $ Billion)
Figure 4: Global Mobile Biometrics Market, 2017-2025 (In $ Billion)
Figure 5: Global Biometrics Market, By Technology, 2016 (In %)
Figure 6: Global Biometrics Market, By Fingerprint Recognition, 2017-2025 (In $ Billion)
Figure 7: Global Biometrics Market, By Iris Recognition, 2017-2025 (In $ Billion)
Figure 8: Global Biometrics Market, By Facial Recognition 2017-2025 (In $ Billion)
Figure 9: Global Biometrics Market, By Hand Geometry, 2017-2025 (In $ Billion)
Figure 10: Global Biometrics Market, By Vein Analysis, 2017-2025 (In $ Billion)
Figure 11: Global Biometrics Market, By Voice Recognition, 2017-2025 (In $ Billion)
Figure 12: Global Biometrics Market, By Dna Analysis, 2017-2025 (In $ Billion)
Figure 13: Global Biometrics Market, By Gait Analysis, 2017-2025 (In $ Billion)
Figure 14: Global Biometrics Market, By Eeg/Ecg, 2017-2025 (In $ Billion)
Figure 15: Global Biometrics Market, By Other Technologies, 2017-2025 (In $ Billion)
Figure 16: Global Biometrics Market, By End Users, 2016 (In %)
Figure 17: Global Biometrics Market, By Government, 2017-2025 (In $ Billion)
Figure 18: Global Biometrics Market, By Transportation, 2017-2025 (In $ Billion)
Figure 19: Global Biometrics Market, By Healthcare, 2017-2025 (In $ Billion)
Figure 20: Global Biometrics Market, By Bfsi, 2017-2025 (In $ Billion)
Figure 21: Global Biometrics Market, By Retail, 2017-2025 (In $ Billion)
Figure 22: Global Biometrics Market, By Other End Users, 2017-2025 (In $ Billion)
Figure 23: Global Biometrics Market Share, By Region, 2016 & 2025 (In %)
Figure 24: United States Biometrics Market, 2017-2025 (In $ Billions)
Figure 25: Canada Biometrics Market, 2017-2025 (In $ Billions)
Figure 26: United Kingdom Biometrics Market, 2017-2025 (In $ Billions)
Figure 27: Germany Biometrics Market, 2017-2025 (In $ Billions)
Figure 28: France Biometrics Market, 2017-2025 (In $ Billions)
Figure 29: Italy Biometrics Market, 2017-2025 (In $ Billions)
Figure 30: Rest of Europe Biometrics Market, 2017-2025 (In $ Billions)
Figure 31: China Biometrics Market, 2017-2025 (In $ Billions)
Figure 32: Japan Biometrics Market, 2017-2025 (In $ Billions)
Figure 33: India Biometrics Market, 2017-2025 (In $ Billions)
Figure 34: South Korea Biometrics Market, 2017-2025 (In $ Billions)
Figure 35: Australia and New Zealand Biometrics Market, 2017-2025 (In $ Billions)
Figure 36: Rest of Asia Pacific Biometrics Market, 2017-2025 (In $ Billions)
Figure 37: Brazil Biometrics Market, 2017-2025 (In $ Billions)
Figure 38: Argentina Biometrics Market, 2017-2025 (In $ Billions)
Figure 39: Mexico Biometrics Market, 2017-2025 (In $ Billions)
Figure 40: Rest of Latin America Biometrics Market, 2017-2025 (In $ Billions)
Figure 41: Saudi Arabia Biometrics Market, 2017-2025 (In $ Billions)
Figure 42: Turkey Biometrics Market, 2017-2025 (In $ Billions)
Figure 43: United Arab Emirates Biometrics Market, 2017-2025 (In $ Billions)
Figure 44: Egypt Biometrics Market, 2017-2025 (In $ Billions)
Figure 45: Syria Biometrics Market, 2017-2025 (In $ Billions)
Figure 46: Iraq Biometrics Market, 2017-2025 (In $ Billions)
Figure 47: South Africa Biometrics Market, 2017-2025 (In $ Billions)
Figure 48: Rest of Middle East and Africa Biometrics Market, 2017-2025 (In $ Billions)
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