Biometric Authentication & Identification Market by Product, Offering, Authentication Type, Type, Vertical

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List of Tables

[189 Pages Report] The Biometric Authentication & Identification Market size was estimated at USD 8.39 billion in 2023 and expected to reach USD 9.68 billion in 2024, at a CAGR 16.23% to reach USD 24.05 billion by 2030.

Global Biometric Authentication & Identification Market

KEY MARKET STATISTICS
Base Year [2023]	USD 8.39 billion
Estimated Year [2024]	USD 9.68 billion
Forecast Year [2030]	USD 24.05 billion
CAGR (%)	16.23%

Biometric Authentication & Identification Market - IMG1

Biometric authentication and identification are technologies that use individuals' unique biological characteristics to verify their identity. This process involves collecting, storing, and analyzing distinctive physical and behavioral traits, such as facial features & fingerprints, iris patterns, voice, or gait. The growing need for enhanced security and convenience has propelled the importance of biometric systems in various sectors. These technologies help prevent unauthorized access to devices, facilities, and data, mitigate the risks of identity theft, and simplify user authentication processes. With their inherent accuracy and difficulty to replicate, biometric systems are vital in bolstering modern security frameworks and streamlining identity verification procedures, making them indispensable in the digital world. However, the high cost associated with the installation, along with the issues related to privacy concerns and data breaches, presents a significant challenge for the key players. Companies are exploring innovative solutions and new biometric modalities, such as electrocardiogram (ECG) patterns or gait recognition, to tackle the significant challenges presented during the integration of authentication and identification. Moreover, the increasing integration of biometrics in mobile banking and financial services opens substantial opportunities for manufacturers and service providers. Additionally, the demand for multi-modal biometric systems that combine two or more types of biometric verification offers a significant opportunity to help key players remain agile within the global space.

Regional Insights

The Americas, specifically the United States and Canada, demonstrate a high adoption rate of biometric technologies, driven by advanced infrastructure and consumer readiness to accept new technologies. The market in this region is characterized by a strong presence of tech giants and startups innovating in facial recognition, fingerprint scanning, and voice recognition, fueled by finance, healthcare, and government sectors. At the same time, in Europe, the market is seeing growth in industries such as banking, law enforcement, and public security, emphasizing privacy-compliant solutions. Meanwhile, the Middle East and Africa region show a significant interest in biometric systems, particularly security, identity verification, and banking services. The need for enhanced security measures amidst various economic developments influences customer purchasing behavior in this region. Moreover, the Asia Pacific region countries, including China, Japan, and India, present a rapidly expanding space for biometric technology, characterized by high consumer demand and substantial government and private sector investment in security and identification systems. Mobile payments and e-commerce have surged in these economies, bolstering biometric authentication methods. China is at the forefront, with a vast deployment of facial recognition technologies and many related patents, reflecting strong government support and consumer acceptance. On the other hand, India's Aadhaar project is drastically influencing the global space, with government services and payments increasingly being linked to biometric authentication.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Biometric Authentication & Identification Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biometric Authentication & Identification Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Biometric Authentication & Identification Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services Inc., AT&T Inc., Avatier Corporation, BioCatch Ltd., Broadcom Inc., Cisco Systems, Inc., CyberArk Software, Inc., Entrust Corporation, Forgerock, Inc., Fujitsu Limited, HID Global Corporation, HP Development Company, L.P., Huawei Technologies Co., Ltd., HYPR Corp., Intel Corporation, International Business Machines Corporation, Ivanti, Inc., Keyless Technologies S.R.L., Microsoft Corporation, miniOrange Security Software Pvt Ltd., Okta, Inc., OneLogin, Inc. by One Identity, Open Text Corporation, Optimal IdM, Oracle Corporation, Ping Identity Corporation, Salesforce.com, Inc., SAP SE, Siemens AG, Thales Group, VMware, Inc. by Broadcom Inc., and Zoho Corporation Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Biometric Authentication & Identification Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Eye & Iris Scanner
- Face Recognition
- Fingerprint
- Palm & Vein Reader
- Voice Recognition
Offering
- Hardware
- Software
Authentication Type
- Multi-Factor Authentication
- Single-Factor Authentication
Type
- Contact-Based
- Contact-less
- Hybrid
Vertical
- Automotive
- Banking & Finance
- Consumer Electronics
- Government
- Healthcare
- Military & Defense
- Security
- Travel & Immigration
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Biometric Authentication & Identification Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biometric Authentication & Identification Market?

3. What are the technology trends and regulatory frameworks in the Biometric Authentication & Identification Market?

4. What is the market share of the leading vendors in the Biometric Authentication & Identification Market?

5. Which modes and strategic moves are suitable for entering the Biometric Authentication & Identification Market?

Product Code: MRR-5C6F41F5AFB1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Biometric Authentication & Identification Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising need for robust security solutions across diverse commercial and corporate sectors
  - 5.1.1.2. Government initiative to facilitate e-governance and promote biometric identification
  - 5.1.1.3. Utilization of biometric services in healthcare facilities and development of smart hospitals
- 5.1.2. Restraints
  - 5.1.2.1. Possibility of errors and false rejections and acceptances
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of AI, ML, and IoT and development of touchless technologies
  - 5.1.3.2. Adoption of biometric identification in educational institutions and airports
- 5.1.4. Challenges
  - 5.1.4.1. Privacy concerns and the possibility of data breach
5.2. Market Segmentation Analysis
- 5.2.1. Product: Introduction of AI integrated biometric devices to cater a secure and reliable authentication method
- 5.2.2. Offering: Integration of software and hardware technology in biometric authentications & identification offering enhanced security measures
- 5.2.3. Authentication Type: Utilization of multi and single-factor authentication as per their need in large, small, and medium-sized enterprises
- 5.2.4. Type: Growing popularity of hybrid biometric systems in preference to their enhanced accuracy and functionality
- 5.2.5. Vertical: Increasing adoption of biometric authentication & identification in varied sectors offering robust security management
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Biometric Authentication & Identification Market, by Product

6.1. Introduction
6.2. Eye & Iris Scanner
6.3. Face Recognition
6.4. Fingerprint
6.5. Palm & Vein Reader
6.6. Voice Recognition

7. Biometric Authentication & Identification Market, by Offering

7.1. Introduction
7.2. Hardware
7.3. Software

8. Biometric Authentication & Identification Market, by Authentication Type

8.1. Introduction
8.2. Multi-Factor Authentication
8.3. Single-Factor Authentication

9. Biometric Authentication & Identification Market, by Type

9.1. Introduction
9.2. Contact-Based
9.3. Contact-less
9.4. Hybrid

10. Biometric Authentication & Identification Market, by Vertical

10.1. Introduction
10.2. Automotive
10.3. Banking & Finance
10.4. Consumer Electronics
10.5. Government
10.6. Healthcare
10.7. Military & Defense
10.8. Security
10.9. Travel & Immigration

11. Americas Biometric Authentication & Identification Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Biometric Authentication & Identification Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Biometric Authentication & Identification Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Agreement, Collaboration, & Partnership
  - 14.3.1.1. iProov Partners with Ping Identity for Biometric Authentication
- 14.3.2. New Product Launch & Enhancement
  - 14.3.2.1. Vouched Launches Biometric ID Verification Software for Auto Retailers
- 14.3.3. Investment & Funding
  - 14.3.3.1. Prove Secures USD 40 Million to Expand Global Digital Identity Verification

15. Competitive Portfolio

15.1. Key Company Profiles
- 15.1.1. Amazon Web Services Inc.
- 15.1.2. AT&T Inc.
- 15.1.3. Avatier Corporation
- 15.1.4. BioCatch Ltd.
- 15.1.5. Broadcom Inc.
- 15.1.6. Cisco Systems, Inc.
- 15.1.7. CyberArk Software, Inc.
- 15.1.8. Entrust Corporation
- 15.1.9. Forgerock, Inc.
- 15.1.10. Fujitsu Limited
- 15.1.11. HID Global Corporation
- 15.1.12. HP Development Company, L.P.
- 15.1.13. Huawei Technologies Co., Ltd.
- 15.1.14. HYPR Corp.
- 15.1.15. Intel Corporation
- 15.1.16. International Business Machines Corporation
- 15.1.17. Ivanti, Inc.
- 15.1.18. Keyless Technologies S.R.L.
- 15.1.19. Microsoft Corporation
- 15.1.20. miniOrange Security Software Pvt Ltd.
- 15.1.21. Okta, Inc.
- 15.1.22. OneLogin, Inc. by One Identity
- 15.1.23. Open Text Corporation
- 15.1.24. Optimal IdM
- 15.1.25. Oracle Corporation
- 15.1.26. Ping Identity Corporation
- 15.1.27. Salesforce.com, Inc.
- 15.1.28. SAP SE
- 15.1.29. Siemens AG
- 15.1.30. Thales Group
- 15.1.31. VMware, Inc. by Broadcom Inc.
- 15.1.32. Zoho Corporation Pvt. Ltd.
15.2. Key Product Portfolio

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing