The global market for Biometrics is estimated at US$31.6 Billion in 2023 and is projected to reach US$93.0 Billion by 2030, growing at a CAGR of 16.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the biometrics market is driven by several factors, including technological advancements, increasing concerns about security, and the digital transformation of industries. Enhanced computing power and innovations in artificial intelligence have significantly improved the accuracy and reliability of biometric systems, making them more appealing across various applications. The rising emphasis on security, driven by an increase in identity theft and data breaches, has prompted organizations and governments to invest in biometric technologies as part of their security infrastructures. Additionally, the growing trend of digitalization across industries has necessitated the need for more robust authentication methods to manage and secure access to critical information and locations. Consumer behavior also plays a role, as there is a growing preference for convenience and seamless user experiences, which biometric technologies offer.
The growth in the biometrics market is driven by several factors, including technological advancements, increasing concerns about security, and the digital transformation of industries. Enhanced computing power and innovations in artificial intelligence have significantly improved the accuracy and reliability of biometric systems, making them more appealing across various applications. The rising emphasis on security, driven by an increase in identity theft and data breaches, has prompted organizations and governments to invest in biometric technologies as part of their security infrastructures. Additionally, the growing trend of digitalization across industries has necessitated the need for more robust authentication methods to manage and secure access to critical information and locations. Consumer behavior also plays a role, as there is a growing preference for convenience and seamless user experiences, which biometric technologies offer.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Non-AFIS Biometrics segment, which is expected to reach US$25.4 Billion by 2030 with a CAGR of a 14.7%. The AFIS Biometrics segment is also set to grow at 18.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.4 Billion in 2023, and China, forecasted to grow at an impressive 20.3% CAGR to reach $14.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Biometrics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Biometrics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Biometrics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Anviz Global, Inc., 4G Identity Solutions Pvt., Ltd., AGNITiO S.L., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 340 Featured):
- Anviz Global, Inc.
- 4G Identity Solutions Pvt., Ltd.
- AGNITiO S.L.
- Animetrics, Inc.
- 360 Biometrics
- 3dMD LLC
- Accu-Time Systems, Inc.
- Applied Recognition, Inc.
- ACK3 Bionetics
- AgeWell Biometrics
- Acuity Market Intelligence
- Airside
- ALiCE Biometrics
- ANDE
- 3D Face
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Anviz Global, Inc.
- 4G Identity Solutions Pvt., Ltd.
- AGNITiO S.L.
- Animetrics, Inc.
- 360 Biometrics
- 3dMD LLC
- Accu-Time Systems, Inc.
- Applied Recognition, Inc.
- ACK3 Bionetics
- AgeWell Biometrics
- Acuity Market Intelligence
- Airside
- ALiCE Biometrics
- ANDE
- 3D Face
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 872 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 31.6 Billion |
| Forecasted Market Value ( USD | $ 93 Billion |
| Compound Annual Growth Rate | 16.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
