According to Stratistics MRC, the Global Biometrics Technology Market is accounted for $8.36 billion in 2021 and is expected to reach $27.93 billion by 2028 growing at a CAGR of 18.8% during the forecast period.
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Biometrics technology is used for the recognition and verification of persons by analyzing their fingerprints, voice, face, iris, and hand geometry signatures. The technology presents several advantages such as a high level of security in the private, public, and commercial sectors. It records unique human characteristics for authorization.
Some of the key players profiled in the Biometrics Technology Market include Thales S.A., Suprema, Inc., BIO-key International, Precise Biometrics, NEC Corporation, Imageware Systems, Inc., Fujitsu Frontech Limited, Safran S.A. (IDEMIA), 3M Company and Secunet Security Networks AG.
Types Covered:
• Hybrid
• Contactless
• Contact-Based
Components Covered:
• Software
• Service
• Hardware
Authentication Types Covered:
• Behavioral Biometrics
• Physiological Biometrics
End Users Covered:
• Military & Defense
• Transport / Visa / Logistics
• Public Sector
• Consumer Electronics
• Medical and Research Labs
• IT and Telecommunication
• Home Safety and Security
• Healthcare
• Government
• Commercial Centers and Buildings
• Banking, Financial Services, and Insurance (BFSI)
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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