The "Global Biometrics Market" research by Emergen Research is a thorough compilation of analytical data regarding the Biometrics sector. The research contains a market segmentation for Biometrics as well as a thorough evaluation of the market's size (both in terms of volume and value). The study analyses the present Biometrics Market and provides a detailed prediction for the years 2022-2030. The Biometrics Market research offers a thorough analysis of each market vertical, segment, end-use industry, application, and region's historical, present, and projected revenue.

The global biometrics market size reached USD 43.54 Billion in 2021 and is expected to register a revenue CAGR of 14.8% during the forecast period, according to latest analysis by Emergen Research. Increasing need for more convenient and fast authentication mode and increasing need for easy-to-operate and user-friendly security systems are some key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for high level of security in banking and finance and defense sectors is expected to continue to drive revenue growth of market going ahead. Biometrics provides increased levels of security to providers whether a person is real by verifying identity using several methods such as face recognition, voice recognition, signature recognition, iris recognition, fingerprint recognition, and hand geometry recognition, among others. Biometric authentication road-blocks for fraudsters, allowing only authorized user access. In addition, increasing need for minimizing data breaches and reducing chances of cyber-attacks is expected to boost demand for biometric systems. Furthermore, increasing need for biometric systems to deliver highest level of accuracy, security, and efficiency in various processes such as access control, customer onboarding, fraud prevention, loss prevention, time and attendance, forensic investigation, background checks, border security, and government benefit provision are some other key factors expected to drive market revenue growth during the forecast period.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Leidos Holdings, Inc., Gemalto N.V. (3M Cogent), NEC Corporation, Fujitsu Ltd., ImageWare Systems, Inc., BioEngagable Technologies Pvt. Ltd, Mobbeel Solutions, S.L.L., M2SYS Technology - KernellÓ Inc., SIC Biometrics, Precise Biometrics, BioID AG, IriTech, Inc., IDEMIA France SAS, Aware, Inc., and Fulcrum Biometrics, LLC

Target Audience of the Global Biometrics Market Report:

• Key Market Players
• Investors
• Venture capitalists
• Small- and medium-sized and large enterprises
• Third-party knowledge providers
• Value-Added Resellers (VARs)
• Global market producers, distributors, traders, and suppliers
• Research organizations, consulting companies, and various alliances interested in this sector
• Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Biometrics Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Biometrics market on the basis of product, application, and region:

Segments Covered in this report are:

• Technology Outlook (Revenue: USD Billion; 2019-2030)
  • Facial Recognition
  • Fingerprint Recognition
  • Voice Recognition
  • Palm Recognition
  • Iris Recognition
  • Others

• Industry Vertical Outlook (Revenue: USD Billion; 2019-2030)
  • Government and Defense
  • Healthcare and Life Sciences
  • Law Enforcement
  • Human Resources
  • Retail and E-commerce
  • IT and Telecommunication
  • Banking, Financial services, and Insurance (BFSI)
  • Others

• Applications Outlook (Revenue: USD Billion; 2019-2030)
  • Site Access Control
  • Time Recording
  • Mobile Application
  • Web and Workplace
  • Others

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Some Key Highlights From the Report

• Multi-factor authentication segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing need to reduce risks associated with key logger activity
• Hardware segment is expected to register a significantly robust revenue growth rate over the forecast period, owing to increasing need to operate security systems in various organizations
• Asia Pacific market is expected to account for larger revenue share due to robust presence of major market players providing biometrics solutions such as Fujitsu Limited and NEC Corporation, among others, in countries in the region

Additional information offered by the report:

• Along with a complete overview of the global Biometrics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Biometrics market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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