Biometrics & Identity Management Market by Component, System, Deployment, Application

Description

List of Tables

[199 Pages Report] The Biometrics & Identity Management Market size was estimated at USD 33.63 billion in 2022 and expected to reach USD 36.86 billion in 2023, at a CAGR 9.84% to reach USD 71.27 billion by 2030.

Global Biometrics & Identity Management Market

KEY MARKET STATISTICS
Base Year [2022]	USD 33.63 billion
Estimated Year [2023]	USD 36.86 billion
Forecast Year [2030]	USD 71.27 billion
CAGR (%)	9.84%

Biometrics & Identity Management Market - IMG1

The biometrics and identity management market comprises technologies and services that authenticate individuals based on one or more intrinsic physical or behavioral traits. This includes fingerprint recognition, face recognition, iris scanning, voice recognition, other modalities, and identity management solutions designed to manage the information, security, and verification processes associated with biometric identifiers. Biometric technologies are significant to various sectors, including banking, finance, healthcare, government agencies, law enforcement, travel and immigration, and consumer electronics. For identity management, the uses include access control, identity verification for government services, and personal identity verification for mobile devices. Several factors influence the growth, including the rising focus on security and the need for reliable authentication systems due to increased security breaches and identity theft. Government initiatives for implementing biometrics in public safety and national identification projects, advancements in artificial intelligence and machine learning for improved accuracy, and the growing adoption of mobile payment solutions contribute to market growth. The biometrics and identity management market is growing with opportunities, especially integrating AI and IoT technologies to develop more sophisticated biometric systems. Cloud-based biometric solutions are becoming increasingly popular due to their scalability and ease of integration. The drive for contactless authentication methods post-pandemic has also opened new avenues, especially in industries like travel and healthcare.

Regional Insights

The Americas region, particularly North America, has been at the forefront of adopting biometrics and identity management solutions. With a strong emphasis on security and the presence of leading market players, the region extensively employs biometrics for various applications such as law enforcement, border control, and civilian use cases. The United States has initiated numerous government programs, such as the Next Generation Identification (NGI) system, leveraging biometric technology for identification and background checks. Latin America is also progressing, with Brazil and Mexico leading in biometric deployments for elections and national ID programs. Private sector uptake is substantial, too, with biometric-enabled devices proliferating across banking and consumer electronics industries. The EMEA region presents a diverse landscape for biometrics and identity management. In Europe, GDPR regulations have shaped the deployment and use of biometrics, focusing on data protection and privacy. European countries use biometrics primarily for border control and national identity schemes. The Middle East is rapidly increasing the uptake of biometrics in applications ranging from smart city initiatives to law enforcement and border security. The UAE and Saudi Arabia are notable for their ambitious identity management programs. The Asia-Pacific (APAC) region is one of the fastest-growing biometrics and identity management markets due to its large population base and booming economies. Countries like China, India, and Japan are key drivers with national initiatives such as China's social credit system, India's Aadhaar biometric database, and Japan's My Number system. The APAC region is known for its willingness to adopt new technologies, leading to a rapid expansion of biometric applications in mobile payments, smart banking, and public security. Different countries address data privacy and regulation in diverse ways, influencing the pace and nature of biometric technology adoption.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Biometrics & Identity Management 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 Biometrics & Identity Management 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 Biometrics & Identity Management Market, highlighting leading vendors and their innovative profiles. These include ACTATEK (UK) Ltd., Allegion PLC, Apple Inc., Assa Abloy AB, Aurora Computer Services Ltd., Aware, Inc., CardLogix Corporation, Credence ID, LLC, Diamond Fortress Technologies, Inc., EKEMP INT'L Ltd., ePortID LLC, Facephi Biometria, S.A., FaceTec, Inc., Fujitsu Limited, Herta Security, IDEMIA France SAS, Imprivata, Inc., Interbio, Iris ID Systems, Inc., Iritech, Inc., Johnson Control International PLC, M2sys Technology LLC, NEC Corporation, Precise Biometrics AB, RSA Security LLC, Securtime, SekureID, Sensory Inc., Thales Group, Unisys Corporation, Wow Effect Communications, and Xator Corporation.

Market Segmentation & Coverage

This research report categorizes the Biometrics & Identity Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Data Storage
- Input Extraction
  - Detectors
  - Sensors
- Quality Assessment
- Transmission & Signal Processing
System
- Behavioural Biometrics
- Physiological Biometrics
  - Face Recognition
  - Fingerprint
  - Iris Recognition
  - Palm Vein
  - Retina
Deployment
- On-Cloud
- On-Premise
Application
- Banking & Financial Institutions
- Border Control & Airport Security
- Consumer Electronics
- Enterprise
- Government & Law Enforcement
- Healthcare
- Retail & Commerce
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 Biometrics & Identity Management Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biometrics & Identity Management Market?

3. What are the technology trends and regulatory frameworks in the Biometrics & Identity Management Market?

4. What is the market share of the leading vendors in the Biometrics & Identity Management Market?

5. Which modes and strategic moves are suitable for entering the Biometrics & Identity Management Market?

Product Code: MRR-030C42D3EDCC

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. Biometrics & Identity Management Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Adoption of Biometrics in Enterprises and Banking Sector
  - 5.1.1.2. Government Initiatives to Adopt Biometrics for Identity Management
  - 5.1.1.3. Growing Need for Security Owing to Increasing Threat of Cyber Attacks and Identity Thefts
- 5.1.2. Restraints
  - 5.1.2.1. High Cost Associated with the Deployment
- 5.1.3. Opportunities
  - 5.1.3.1. Technological Advancements in Biometric IAM Systems
  - 5.1.3.2. Implementation of Blockchain Technology to Create a Smart Biometrics
- 5.1.4. Challenges
  - 5.1.4.1. Concern Associated with the Data Security
5.2. Market Segmentation Analysis
- 5.2.1. Component: Advancement across quality assessment and transmission & signal processing
- 5.2.2. System: Utilization of behavioural biometrics for non-intrusive security measures
- 5.2.3. Deployment: Rising demand for on-cloud biometric and identity management solution due to its scalability, flexibility, and lower upfront costs
- 5.2.4. Application: Development of next generation biometric & identity management solution for banking, financial, airport security
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization

6. Biometrics & Identity Management Market, by Component

6.1. Introduction
6.2. Data Storage
6.3. Input Extraction
- 6.4.1. Detectors
- 6.4.2. Sensors
6.4. Quality Assessment
6.5. Transmission & Signal Processing

7. Biometrics & Identity Management Market, by System

7.1. Introduction
7.2. Behavioural Biometrics
7.3. Physiological Biometrics
- 7.4.1. Face Recognition
- 7.4.2. Fingerprint
- 7.4.3. Iris Recognition
- 7.4.4. Palm Vein
- 7.4.5. Retina

8. Biometrics & Identity Management Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Biometrics & Identity Management Market, by Application

9.1. Introduction
9.2. Banking & Financial Institutions
9.3. Border Control & Airport Security
9.4. Consumer Electronics
9.5. Enterprise
9.6. Government & Law Enforcement
9.7. Healthcare
9.8. Retail & Commerce

10. Americas Biometrics & Identity Management Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Biometrics & Identity Management Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Biometrics & Identity Management Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. Visa and Tech5 sign agreement to enhance digital payment and ID ecosystems
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Oliu Identity Management Platform Launches a Ready-to-Deploy Solution for SME Market
- 13.3.3. Investment & Funding
  - 13.3.3.1. Provision IAM Raises Funding from Curql to Drive Growth

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. ACTATEK (UK) Ltd.
- 14.1.2. Allegion PLC
- 14.1.3. Apple Inc.
- 14.1.4. Assa Abloy AB
- 14.1.5. Aurora Computer Services Ltd.
- 14.1.6. Aware, Inc.
- 14.1.7. CardLogix Corporation
- 14.1.8. Credence ID, LLC
- 14.1.9. Diamond Fortress Technologies, Inc.
- 14.1.10. EKEMP INT'L Ltd.
- 14.1.11. ePortID LLC
- 14.1.12. Facephi Biometria, S.A.
- 14.1.13. FaceTec, Inc.
- 14.1.14. Fujitsu Limited
- 14.1.15. Herta Security
- 14.1.16. IDEMIA France SAS
- 14.1.17. Imprivata, Inc.
- 14.1.18. Interbio
- 14.1.19. Iris ID Systems, Inc.
- 14.1.20. Iritech, Inc.
- 14.1.21. Johnson Control International PLC
- 14.1.22. M2sys Technology LLC
- 14.1.23. NEC Corporation
- 14.1.24. Precise Biometrics AB
- 14.1.25. RSA Security LLC
- 14.1.26. Securtime
- 14.1.27. SekureID
- 14.1.28. Sensory Inc.
- 14.1.29. Thales Group
- 14.1.30. Unisys Corporation
- 14.1.31. Wow Effect Communications
- 14.1.32. Xator Corporation
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing