The global biometrics technology market is expected to reach USD 59.31 billion by 2025. The increasing demand for biometrics technology across various applications is expected to favor the market growth over the next nine years. Biometrics technology is used by several verticals in private, public, and commercial sectors to overcome security threats. This is expected to fuel the market demand over the forecast period.
The increasing use of biometrics technology in consumer electronics, to enhance customer experiences, is expected to drive the market over the coming years. Implementation of biometrics technology for e-commerce applications may enable secure transactions and provide new opportunities to the market. High initial investments may hinder the industry growth over the forecast period.
The biometrics technology is extensively used for e-passport programs and to counter illegal migrations. Government and defense services are further expected to witness high growth over the forecast period. Biometrics technology can be used in banking and finance to increase efficiency and prevent frauds enabling the industry to grow at a significant rate over the next nine years.
- 3M Cogent
- Accu-Time Systems, Inc.
- BIO-key International, Inc.
- NEC Corporation
- Iris ID, Inc.
- FaceFirst, Inc.
- EyeVerify, Inc.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Biometrics Technology Industry Outlook
4 Biometrics Technology End-use Outlook
5 Biometrics Technology Application Outlook
6 Biometrics Technology Regional Outlook
7 Competitive Landscape
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