Biometrics Market Growth, Global Survey, Analysis

  afrin mujawar    December 28, 2021    23

 

The Global Biometrics Market is forecasted to be worth USD 99.63 billion by 2027, according to a current analysis by Emergen Research. Higher research & development costs associated with this sub-segment is also expected to add to the biometrics market growth. The key factors influencing the market include increasing usage of facial recognition, fingerprint scans, iris recognition, and vein pattern recognition in smartphones & other IoT devices owing to its more accurate personal identification, reduced risks of security breaches, and huge overall growth of the IoT device industry. The global market landscape of Biometrics is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates.

Extensive growth in the smartphone usage and higher requirement of effortless & quick biometric security in smartphone and tablet devices have been a huge impulsive factor behind the growth of this market growth. Smartphone manufacturers have been investing enormously in the research & development of a various type of biometric techniques and implementing those in the smartphones & tablets. In April 2020, TECH5, a leading global technology company, launched a biometric eKYC deployment for its users in the country India, having partnered with ID R&D. The biometric includes biometric facial recognition & active liveness detection technology.

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https://www.emergenresearch.com/request-sample/177

Key players in the market Baxter International, Nipro, B. Braun Melsungen, DaVita Healthcare Partners, Covidien, Dialysis Clinic, Fresenius Medical Care, Diversified Specialty Institute Holdings, Medical Components, Huaren Pharmaceutical, NephroPlus, Northwest Kidney Centers, Satellite Healthcare, NxStage Medical, Renal Services, Sandor, Sichuan Kelun Pharmaceutical, and U.S. Renal Care, among others.

The fingerprint recognition sub-segment led the market in 2019 with extensive usage of the fingerprint sensors and recognition systems in smartphones & other IoT devices, ATMs, and many others. The report’s authors have offered necessary details on the latest Biometrics  market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Biometrics  industry entails useful insights into the estimated Biometrics  market size, revenue share, and sales & distribution network such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.

For the purpose of this report, Emergen Research has segmented into the global Biometrics Market on the basis of Technology, Industry Vertical, Application, System Type, Component, and Region:

Technology Outlook (Revenue: USD Billion; 2017-2027)

Facial Recognition

Fingerprint Recognition

Voice Recognition

Palm Recognition

Iris Recognition

Others

Applications Outlook (Revenue: USD Billion; 2017-2027)

Site Access Control

Time Recording

Mobile Application

Web and Workplace

Others

Industry Vertical Outlook (Revenue: USD Billion; 2017-2027)

Government and Defense

Healthcare and Life Sciences

Law Enforcement

Banking, Financial services, and Insurance (BFSI)

Others

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Regional Overview:

The global Biometrics  market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Biometrics  market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Key questions addressed in the report:

What are the key factors driving the global Biometrics  market?

Who are the key manufacturers in this market space?

Who are the distributors, traders and dealers of this market?

What are the market opportunities and risks affecting the performance of the vendors in the global Biometrics  market?

What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

Market Taxonomy:

Chapter 1: Methodology & Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources


Chapter 2:

Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends


Chapter 3:

Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape


Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape
  • Strategic Outlook

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Read More:https://www.emergenresearch.com/industry-report/biometrics-market

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At Emergen Research, we believe in advancing with technology. We are a growing market research         and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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 Article keywords:
, Biometrics Market Forecast, Biometrics Market Growth, Biometrics Market Share, Biometrics Mark

 


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