What is biometric technology, and how does it work?

Biometric technology uses physical or behavioral characteristics such as fingerprints, facial patterns or iris scans to uniquely identify and authenticate individuals. It does so by collecting and analyzing these distinctive features - creating a digital template for comparison and verification during the authentication process.

What are the primary applications of biometric technology?

Biometric technology finds applications in various sectors, including security systems, access control, time management, healthcare, banking, and government services. It is commonly used for identity verification, secure access, and fraud prevention.

How big is Biometric Technology Market?

The Global Biometric Technology Market size was projected to be USD 47.3 billion in 2023 . By the end of 2024, the industry is likely to reach a valuation of USD 54.7 billion . During the forecast period, the global market for biometric technology is expected to garner a 15.4% CAGR and reach a size of USD 198.5 billion by 2033.

Who are the prominent players operating in the biometric technology market?

The top players operating in the biometric technology market are NEC Corporation, Precise Biometrics AB, Fujitsu Limited 3M Cogent, Hitachi, FaceFirst, Nuance Communications

Which region will lead the global biometric technology market?

Asia Pacific region will lead the global biometric technology market during the forecast period 2023 to 2032.

How is the government leveraging biometric technology for security and identification purposes?

Governments are turning to biometric technology for various uses, including national identification systems, border control, law enforcement and public services. Biometrics enable government operations by authenticating citizens while reducing identity fraud and increasing security within government operations.

Global Biometric Technology Market By Authentication Type (Single-Factor Authentication, Multi-Factor Authentication), By Component(Hardware and Software), By Type(Contact-Based, Contact-less, Hybrid), By Mobility (Fixed and Portable), By Application (Face, Hand geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Others), By End-User (Government, Banking and Finance, Consumer Electronics, Healthcare, Transport/Logistics, Defense & Security, Other End-Users), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: May 2024
Report ID: 67654
Number of Pages: 224
Format:

- NEC Corporation
- HID Global Corporation
- Thales Group
- Gemalto (A Thales Company)
- Morpho (Safran Identity & Security)
- Fujitsu Limited
- Crossmatch Technologies
- Idemia (formerly OT-Morpho)
- Suprema Inc.
- Aware, Inc.
- Bio-key International, Inc.
- SecuGen Corporation
- Other Key Players
Settings

Related Reports

Our Clients

Inquiry Before Buying

Report ID 67654
Published Date May 2024
Rating
- ★★★★★
  
  ★★★★★
- (34)

Buy Now

Trusted by more than 17382 organizations globally

✖

Request a Sample Report

We'll get back to you as quickly as possible

	Single User $6,000 $3,999 USD / per unit save 24%	Multi User $8,000 $5,999 USD / per unit save 28%	Corporate User $10,000 $6,999 USD / per unit save 32%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization	No	up to 10 hrs work	up to 30 hrs work
Accessibility	1 User	2-5 User	Unlimited
Analyst Support	up to 20 hrs	up to 40 hrs	up to 50 hrs
Benefit	Up to 20% off on next purchase	Up to 25% off on next purchase	Up to 30% off on next purchase
	Buy Now ($ 3,999)	Buy Now ($ 5,999)	Buy Now ($ 6,999)