South & Central America Biometric Technologies Market Forecast to 2030 - Regional Analysis - by Component, Type, Authentication Type, and End User

Description

List of Tables

The South & Central America biometrics technologies market was valued at US$ 1,555.64 million in 2022 and is expected to reach US$ 4,104.55 million by 2030; it is estimated to register a CAGR of 12.9% from 2022 to 2030.

Increasing Use of Biometric Systems at Airports Fuels South & Central America Biometrics Technologies Market

Airports around the world are actively exploring and implementing biometric solutions at various touchpoints, including check-in kiosks, security checkpoints, and boarding gates, which results into a continuous demand for new hardware and software systems. As airport administrations experience success with initial implementations, they are likely to expand the application of biometrics to other areas at airports, creating additional demand for technology and integrations. Moreover, facial recognition is becoming common in airport operations. In 2024, RecFaces, a developer of facial recognition software, announced that Jorge Chavez International Airport in Lima, Peru, would employ its Id-Guard technology for security purposes. Also, in 2023, Brazil deployed facial recognition technology to speed up passenger operations at airports. The new method uses facial biometrics to scan travelers' faces before cross-referencing their information with government databases. Therefore, the increasing use of biometric technology in airports presents a significant biometric technology market trend.

South & Central America Biometrics Technologies Market Overview

The growth of the South America biometrics technologies market is driven by increasing security concerns, and the rising incidence of cybercrimes. Chile and Panama, among other South American countries, are adopting biometric technologies to improve operational capabilities and reduced the risk of credential theft. For instance, in August 2023, Chile and Panama joined UNHCR's BIMS family and attended three training sessions in Santiago de Chile, Iquique, and Arica for biometric enrollment. This initiative supports the country in creating distinct registered identities, improving operational capabilities, strengthening personal identification, and protecting data integrity. The rising awareness of the benefits provided by biometrics technologies is likely to benefit the biometrics technologies market in Brazil in the coming years. In August 2023, BioCon Brazil conducted a conference to spread biometric awareness in Brazil and the rest of South American countries. BioCon Brazil demonstrated the practical uses of biometrics technologies in criminal identification and preventing fraud.

South & Central America Biometrics Technologies Market Revenue and Forecast to 2030 (US$ Billion)

South & Central America Biometrics Technologies Market Segmentation

The South & Central America biometrics technologies market is categorized into component, type, authentication type, end user, and country.

Based on component, the South & Central America biometrics technologies market is segmented into hardware, software, and services. The hardware segment held the largest share of South & Central America biometrics technologies market share in 2022.

In terms of type, the South & Central America biometrics technologies market is segmented into contact, contactless, and hybrid. The contact segment held the largest share of South & Central America biometrics technologies market in 2022.

By authentication type, the South & Central America biometrics technologies market is bifurcated into single factor authentication and multi factor authentication. The single factor authentication segment held a larger share of South & Central America biometrics technologies market in 2022.

Based on end user, the South & Central America biometrics technologies market is categorized into government, BFSI, healthcare, defense & security, and others. The government segment held the largest share of South & Central America biometrics technologies market in 2022.

By country, the South & Central America biometrics technologies market is segmented into Brazil, Argentina, and the Rest of South and Central America. Brazil dominated the South & Central America biometrics technologies market share in 2022.

Aware, Inc.; Thales SA; NEC Corp; IDEMIA France SAS; HID Global Corp; and Fujitsu Ltd are some of the leading companies operating in the South & Central America biometrics technologies market.

Product Code: BMIRE00030670

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Biometric Technologies Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain

5. South & Central America Biometric Technologies Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Use of Biometric Technologies in Consumer Electronics
- 5.1.1 Expanding Application Range in Government Sector
- 5.1.2 Increasing Crime Rates
5.2 Market Restraints
- 5.2.1 High Capital Requirements
- 5.2.2 Data Security Concerns
5.3 Market Opportunities
- 5.3.1 Technological Advancements Reinforcing Security Levels
5.4 Future Trends
- 5.4.1 Increasing Use of Biometric Systems at Airports
5.5 Impact of Drivers and Restraints:

6. Biometric Technologies Market - South & Central America Market Analysis

6.1 Biometric Technologies Market Revenue (US$ Billion), 2020-2030
6.2 Biometric Technologies Market Forecast Analysis

7. South & Central America Biometric Technologies Market Analysis - by Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.3 Services
- 7.3.1 Overview
- 7.3.2 Services: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

8. South & Central America Biometric Technologies Market Analysis - by Type

8.1 Contact
- 8.1.1 Overview
- 8.1.2 Contact: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.2 Contactless
- 8.2.1 Overview
- 8.2.2 Contactless: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.3 Hybrid
- 8.3.1 Overview
- 8.3.2 Hybrid: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

9. South & Central America Biometric Technologies Market Analysis - by Authentication Type

9.1 Single Factor Authentication
- 9.1.1 Overview
- 9.1.2 Single Factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
9.2 Multi factor Authentication
- 9.2.1 Overview
- 9.2.2 Multi factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

10. South & Central America Biometric Technologies Market Analysis - by End User

10.1 Government
- 10.1.1 Overview
- 10.1.2 Government: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.4 Defense and Security
- 10.4.1 Overview
- 10.4.2 Defense and Security: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.5 Others
- 10.5.1 Overview
- 10.5.2 Others: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

11. South & Central America Biometric Technologies Market - Country Analysis

11.1 South & Central America Market Overview
- 11.1.1 South & Central America: Biometric Technologies Market, By Key Country - Revenue 2022 (US$ Billion)
- 11.1.2 South & Central America: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 South & Central America: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 Brazil: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.2.1 Brazil: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.2.2 Brazil: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.2.3 Brazil: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.2.4 Brazil: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.3 Argentina: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.3.1 Argentina: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.3.2 Argentina: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.3.3 Argentina: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.3.4 Argentina: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.4 Rest of South & Central America: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.4.1 Rest of South & Central America: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.4.2 Rest of South & Central America: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.4.3 Rest of South & Central America: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.4.4 Rest of South & Central America: Biometric Technologies Market Breakdown, by End User

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Merger and Acquisition

14. Company Profiles

14.1 Aware, Inc.
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Thales SA
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 NEC Corp
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 IDEMIA France SAS
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 HID Global Corp
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Fujitsu Ltd
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments

15. Appendix

15.1 About the Insight Partners
15.2 Word Index