The Latin America, Middle East and Africa Next-Gen Biometric Authentication Market is expected to witness market growth of 23.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Next-Gen Biometric Authentication Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.90 billion by 2031. The Argentina market is registering a CAGR of 24.4% during 2024-2031. Additionally, the UAE market would witness a CAGR of 22.2% during 2024-2031.
NGBA is widely used for physical and logical access control. Organizations implement biometric systems to secure entry to buildings, restricted areas, and computer networks. This ensures that only authorized individuals gain access, enhancing overall security. Biometric time and attendance systems accurately track employee work hours, reducing time fraud and improving payroll accuracy. Fingerprint and facial recognition are commonly used to provide reliable and tamper-proof records.
Furthermore, biometric authentication is a powerful tool for preventing fraud in various sectors, including banking, e-commerce, and healthcare. By verifying the unique biological traits of users, biometric systems ensure that transactions and access requests are legitimate. In customer-centric industries, biometric authentication verifies customer identities during account creation, transactions, and service access. This enhances security and provides a personalized experience for customers. Biometric authentication aids law enforcement agencies in criminal identification and forensic investigations. Fingerprint, facial, and iris recognition technologies match suspects and identify individuals in criminal databases.
As Saudi Arabia continues its healthcare reforms and digital transformation, adopting biometric systems for hospital management, remote healthcare services, and patient authentication will enhance efficiency and security. Additionally, biometric systems can help mitigate fraud and ensure patient safety, making them integral to the country’s vision for a modern and secure healthcare infrastructure. Thus, the combined impact of these two sectors - rising tourism in the UAE and the booming healthcare industry in Saudi Arabia - creates a significant demand for next-generation biometric authentication technologies.
The Brazil market dominated the LAMEA Next-Gen Biometric Authentication Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.90 billion by 2031. The Argentina market is registering a CAGR of 24.4% during 2024-2031. Additionally, the UAE market would witness a CAGR of 22.2% during 2024-2031.
NGBA is widely used for physical and logical access control. Organizations implement biometric systems to secure entry to buildings, restricted areas, and computer networks. This ensures that only authorized individuals gain access, enhancing overall security. Biometric time and attendance systems accurately track employee work hours, reducing time fraud and improving payroll accuracy. Fingerprint and facial recognition are commonly used to provide reliable and tamper-proof records.
Furthermore, biometric authentication is a powerful tool for preventing fraud in various sectors, including banking, e-commerce, and healthcare. By verifying the unique biological traits of users, biometric systems ensure that transactions and access requests are legitimate. In customer-centric industries, biometric authentication verifies customer identities during account creation, transactions, and service access. This enhances security and provides a personalized experience for customers. Biometric authentication aids law enforcement agencies in criminal identification and forensic investigations. Fingerprint, facial, and iris recognition technologies match suspects and identify individuals in criminal databases.
As Saudi Arabia continues its healthcare reforms and digital transformation, adopting biometric systems for hospital management, remote healthcare services, and patient authentication will enhance efficiency and security. Additionally, biometric systems can help mitigate fraud and ensure patient safety, making them integral to the country’s vision for a modern and secure healthcare infrastructure. Thus, the combined impact of these two sectors - rising tourism in the UAE and the booming healthcare industry in Saudi Arabia - creates a significant demand for next-generation biometric authentication technologies.
List of Key Companies Profiled
- Fujitsu Limited
- Thales Group S.A.
- HID Global Corporation
- NEC Corporation
- Aware, Inc.
- Fingerprint Cards AB
- IDEMIA SAS
- M2SYS Technology, Inc.
- CardLogix Corporation
- Touchless Biometric Systems AG
Market Report Segmentation
By Component- Software
- Services
- Single-factor Authentication
- Multi-factor Authentication
- Fingerprint Recognition
- Facial Recognition
- Iris Recognition
- Voice Recognition
- Palm Vein Recognition
- Signature Recognition
- Other Technology
- Government
- BFSI
- Travel & Immigration
- Home Security
- Healthcare
- Defense
- Other End Users
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Next-Gen Biometric Authentication Market by Component
Chapter 6. LAMEA Next-Gen Biometric Authentication Market by Authentication Type
Chapter 7. LAMEA Next-Gen Biometric Authentication Market by Technology
Chapter 8. LAMEA Next-Gen Biometric Authentication Market by End User
Chapter 9. LAMEA Next-Gen Biometric Authentication Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Fujitsu Limited
- Thales Group S.A.
- HID Global Corporation
- NEC Corporation
- Aware, Inc.
- Fingerprint Cards AB
- IDEMIA SAS
- M2SYS Technology, Inc.
- CardLogix Corporation
- Touchless Biometric Systems AG
Methodology
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