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Market Research Report

Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Published: April 8, 2019 Content info: 115 Pages
Description

The global biometrics market reached a value of US$ 16.7 Billion in 2018. Biometrics refers to processes that are used to recognize, identify and authenticate people based on their physical or behavioral characteristics. They match an individual's identifiers to their biometric template already stored in the database. Biometrics identifiers can be divided into two categories, namely, physiological and behavioral characteristics. Physiological characteristics include fingerprint, palm print, palm veins, hand geometry, face, DNA, iris and retina, whereas behavioral characteristics comprise typing patterns, voice and signature recognition. Biometrics technologies are employed across schools, colleges, and corporate and government offices as they are reliable, accurate and difficult to forge.

Global Biometrics Market Drivers:

Biometrics technologies, especially fingerprint recognition systems, have witnessed acceptance on a global level owing to their affordability and easy usage. The rising adoption of fingerprint recognition in mobiles, tablets and cloud computing is expected to create a positive outlook for the biometric technologies market. Apart from this, biometrics technologies are employed across numerous government organizations for reliable, stable and enhanced security as biometric traits are difficult to steal or forget. These technologies are also being implemented for e-passport and e-visa programs with the aim of keeping a check on illegal migration, and in the banking and finance sectors to increase efficiency and prevent frauds. Furthermore, the introduction of multimodal biometrics, which make use of more than one behavioral or physiological characteristic for authentication, is expected to improve the recognition and security performance of these systems in the coming years. Owing to these factors, the market is projected to exceed US$ 37.2 Billion by 2024, exhibiting a CAGR of around 14% during 2019-2024.

Report Coverage

Breakup by Technology:

  • Face Recognition
  • Hand Geometry
  • Voice Recognition
  • Signature recognition
  • Iris recognition
  • AFIS
  • Non-AFIS
  • Others

Breakup by Functionality:

  • Contact
  • Non-contact
  • Combined

Breakup by Authentication:

  • Single-Factor Authentication
  • Multifactor Authentication

Breakup by Component:

  • Hardware
  • Software

Breakup by End-User:

  • Government
  • Defense Services
  • Banking and Finance
  • Consumer Electronics
  • Healthcare
  • Commercial Safety and Security
  • Transport/Visa/Logistics
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape

The global biometrics market consists of numerous small and large manufacturers. Some of the leading players operating in the market are Accu-Time Systems, BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, 3M Cogent, Inc., IDTECK, NEC Corporation, Siemens AG, RCG Holdings, Ltd., Suprema, Inc., Lumidigm, Inc., IrisGuard, Inc., Daon, Inc., DigitalPersona, Inc. and Morpho SA (Safran).

Key Questions Answered in This Report:

  • How has the global biometrics market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global biometrics industry?
  • What is the breakup of the global biometrics market on the basis of technology?
  • What is the breakup of the global biometrics market on the basis of functionality?
  • What is the breakup of the global biometrics market on the basis of component?
  • What is the breakup of the global biometrics market on the basis of authentication?
  • What is the breakup of the global biometrics market on the basis of end-user?
  • What are the various stages in the value chain of the global biometrics market?
  • What are the key driving factors and challenges in the global biometrics market?
  • What is the structure of the global biometrics market and who are the key players?
  • What is the degree of competition in the global biometrics market?
Table of Contents
Product Code: SR1018F8_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.3 Key Industry Trends

5 Global Biometrics Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Market Breakup by Technology
  • 5.4 Market Breakup by Functionality
  • 5.5 Market Breakup by Component
  • 5.6 Market Breakup by Authentication
  • 5.7 Market Breakup by End-User
  • 5.8 Market Breakup by Region
  • 5.9 Market Forecast

6 Market Breakup by Technology

  • 6.1 Face Recognition
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Hand Geometry
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Voice Recognition
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Signature Recognition
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Iris Recognition
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 AFIS
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast
  • 6.7 Non-AFIS
    • 6.7.1 Market Trends
    • 6.7.2 Market Forecast
  • 6.8 Others
    • 6.8.1 Market Trends
    • 6.8.2 Market Forecast

7 Market Breakup by Functionality

  • 7.1 Contact
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Non-contact
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Combined
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Component

  • 8.1 Hardware
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Software
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Authentication

  • 9.1 Single-Factor Authentication
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Multifactor Authentication
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by End-User

  • 10.1 Government
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Defense Services
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Banking and Finance
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Consumer Electronics
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 Healthcare
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast
  • 10.6 Commercial Safety and Security
    • 10.6.1 Market Trends
    • 10.6.2 Market Forecast
  • 10.7 Transport/Visa/Logistics
    • 10.7.1 Market Trends
    • 10.7.2 Market Forecast
  • 10.8 Others
    • 10.8.1 Market Trends
    • 10.8.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North America
    • 11.1.1 Market Trends
    • 11.1.2 Market Forecast
  • 11.2 Europe
    • 11.2.1 Market Trends
    • 11.2.2 Market Forecast
  • 11.3 Asia Pacific
    • 11.3.1 Market Trends
    • 11.3.2 Market Forecast
  • 11.4 Middle East and Africa
    • 11.4.1 Market Trends
    • 11.4.2 Market Forecast
  • 11.5 Latin America
    • 11.5.1 Market Trends
    • 11.5.2 Market Forecast

12 SWOT Analysis

  • 12.1 Overview
  • 12.2 Strengths
  • 12.3 Weaknesses
  • 12.4 Opportunities
  • 12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

  • 14.1 Overview
  • 14.2 Bargaining Power of Buyers
  • 14.3 Bargaining Power of Suppliers
  • 14.4 Degree of Competition
  • 14.5 Threat of New Entrants
  • 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 Accu-Time Systems, Inc.
    • 16.3.2 BIO-Key International, Inc.
    • 16.3.3 Cognitec Systems, GmbH
    • 16.3.4 Fujitsu Limited
    • 16.3.5 3M Cogent, Inc.
    • 16.3.6 IDTECK,
    • 16.3.7 NEC Corporation
    • 16.3.8 Siemens AG
    • 16.3.9 RCG Holdings, Ltd.
    • 16.3.10 Suprema, Inc.
    • 16.3.11 Lumidigm, Inc.
    • 16.3.12 IrisGuard, Inc.
    • 16.3.13 Daon, Inc.
    • 16.3.14 DigitalPersona, Inc.
    • 16.3.15 Morpho SA (Safran)

List of Figures

  • Figure 1: Global: Biometrics Market: Major Drivers and Challenges
  • Figure 2: Global: Biometrics Market: Sales Value (in Billion US$), 2013-2018
  • Figure 3: Global: Biometrics Market: Breakup by Technology (in %), 2018
  • Figure 4: Global: Biometrics Market: Breakup by Functionality (in %), 2018
  • Figure 5: Global: Biometrics Market: Breakup by Authentication (in %), 2018
  • Figure 6: Global: Biometrics Market: Breakup by Component (in %), 2018
  • Figure 7: Global: Biometrics Market: Breakup by End-User (in %), 2018
  • Figure 8: Global: Biometrics Market: Breakup by Region (in %), 2018
  • Figure 9: Global: Biometrics Market Forecast: Sales Value (in Billion US$), 2019-2024
  • Figure 10: Global: Biometrics Industry: SWOT Analysis
  • Figure 11: Global: Biometrics Industry: Value Chain Analysis
  • Figure 12: Global: Biometrics Industry: Porter's Five Forces Analysis
  • Figure 13: Global: Biometrics (Face Recognition) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 14: Global: Biometrics (Face Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 15: Global: Biometrics (Hand Geometry) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 16: Global: Biometrics (Hand Geometry) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 17: Global: Biometrics (Voice Recognition) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 18: Global: Biometrics (Voice Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 19: Global: Biometrics (Signature Recognition) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 20: Global: Biometrics (Signature Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 21: Global: Biometrics (Iris Recognition) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 22: Global: Biometrics (Iris Recognition) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 23: Global: Biometrics (AFIS) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 24: Global: Biometrics (AFIS) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 25: Global: Biometrics (Non-AFIS) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 26: Global: Biometrics (Non-AFIS) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 27: Global: Biometrics (Other Types) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 28: Global: Biometrics (Other Types) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 29: Global: Biometrics (Contact) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 30: Global: Biometrics (Contact) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 31: Global: Biometrics (Non-contact) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 32: Global: Biometrics (Non-contact) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 33: Global: Biometrics (Combined) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 34: Global: Biometrics (Combined) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 35: Global: Biometrics (Single-Factor Authentication) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 36: Global: Biometrics (Single-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 37: Global: Biometrics (Multifactor Authentication) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 38: Global: Biometrics (Multifactor Authentication) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 39: Global: Biometrics (Hardware) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 40: Global: Biometrics (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 41: Global: Biometrics (Software) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 42: Global: Biometrics (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 43: Global: Biometrics (Government) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 44: Global: Biometrics (Government) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 45: Global: Biometrics (Defense Services) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 46: Global: Biometrics (Defense Services) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 47: Global: Biometrics (Banking and Finance) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 48: Global: Biometrics (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 49: Global: Biometrics (Consumer electronics) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 50: Global: Biometrics (Consumer electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 51: Global: Biometrics (Healthcare) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 52: Global: Biometrics (Healthcare) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 53: Global: Biometrics (Commercial Safety and Security) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 54: Global: Biometrics (Commercial Safety and Security) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 55: Global: Biometrics (Transport/Visa/Logistics) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 56: Global: Biometrics (Transport/Visa/Logistics) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 57: Global: Biometrics (Others) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 58: Global: Biometrics (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 59: North America: Biometrics Market: Sales Value (In Million US$), 2013 & 2018
  • Figure 60: North America: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 61: Europe: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 62: Europe: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 63: Asia Pacific: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 64: Asia Pacific: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 65: Middle East and Africa: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 66: Middle East and Africa: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 67: Latin America: Biometrics Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 68: Latin America: Biometrics Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

  • Table 1: Global: Biometrics Market: Key Industry Highlights, 2018 and 2024
  • Table 2: Global: Biometrics Market Forecast: Breakup by Technology (in Million US$), 2019-2024
  • Table 3: Global: Biometrics Market Forecast: Breakup by Functionality (in Million US$), 2019-2024
  • Table 4: Global: Biometrics Market Forecast: Breakup by Authentication (in Million US$), 2019-2024
  • Table 5: Global: Biometrics Market Forecast: Breakup by Component (in Million US$), 2019-2024
  • Table 6: Global: Biometrics Market Forecast: Breakup by End-User (in Million US$), 2019-2024
  • Table 7: Global: Biometrics Market Forecast: Breakup by Region (in Million US$), 2019-2024
  • Table 8: Global: Biometrics Market Structure
  • Table 9: Global: Biometrics Market: Key Players
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