Summary

The next-gen biometric authentication market was valued at $44.6 billion in 2023, and is projected to reach $249.6 billion by 2032, growing at a CAGR of 21.1% from 2024 to 2032.
Next-generation biometric authentication refers to advanced identity verification systems that leverage cutting-edge technologies and innovative techniques to enhance security, accuracy, and user convenience. Unlike traditional biometrics, which primarily rely on fingerprints or facial recognition, next-gen solutions incorporate a broader range of biological and behavioral identifiers, such as voice patterns, iris scanning, vein mapping, gait analysis, and even brainwave patterns. These systems utilize AI and ML algorithms to improve the accuracy and adaptability of biometric recognition, addressing challenges like spoofing and environmental variability.

The growth of the global next-gen biometric authentication market is majorly driven by alarming rise in frequency and sophistication of cyberattacks, vulnerabilities in traditional authentication methods like passwords, and surge in need for robust, personalized security in sectors such as banking, healthcare, and government. According to a study published by Cobalt—provider of offensive security solutions—approximately 2,220 cyberattacks are recorded each day, equating to around 800,000 attacks each year. Furthermore, rapid adoption of IoT and connected devices necessitates enhanced security mechanisms, which significantly contributes toward the market growth. In addition, increase in penetration of smartphones and wearable devices acts as the major driver of the global market. This is attributed to the fact that these devices increasingly feature biometric authentication, including fingerprint, facial recognition, and voice verification. This integration has made biometrics more accessible and normalized its use in everyday scenarios. Moreover, rise in trend of mobile banking, digital wallets, and contactless payments has necessitated biometrics, as these systems provide a balance of security and user-friendliness, making them ideal for financial applications. In addition, shift toward remote work and online operations has increased the need for biometric systems, which augments the market growth. However, high cost associated with deployment of next-generation biometric authentication systems acts as the key deterrent factor of the global market. Moreover, compatibility issues across different devices and platforms hinder widespread adoption, thus restraining the market growth. On the contrary, AI-driven enhancements in biometric algorithms have significantly improved accuracy, speed, and adaptability, allowing these systems to function reliably under diverse conditions and detect spoofing attempts. Such developments are expected to offer remunerative opportunities for the expansion of the global market during the forecast period.

The global next-gen biometric authentication market is segmented into component, technology, authentication type, end user, and region. On the basis of component, the market is divided into software and services. As per technology, it is segregated into fingerprint recognition, facial recognition, iris recognition, voice recognition, palm vein recognition, signature recognition, and others. By authentication type, it is classified into single-factor authentication and multi-factor authentication. Depending on end user, it is categorized into government, defense, travel & immigration, home security, banking & financial service, healthcare, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings
By component, the software segment held the highest market share in 2023.
On the basis of technology, the facial recognition segment garnered the largest share in 2023, and is expected to register the highest CAGR from 2024 to 2032.
Depending on authentication type, the multi-factor authentication segment was the major shareholder in 2023, and is anticipated to grow at the highest CAGR during the forecast period.
As per end user, the banking & financial service segment dominated the market, in terms of share, in 2023, and is projected to exhibit the highest CAGR in the near future.
Region wise, North America acquired the largest market share in 2023; however, Asia Pacific is projected to emerge as the most lucrative market for next-gen biometric authentication systems in throughout the forecast period.

Competition Analysis
Competitive analysis and profiles of the major players in the global next-gen biometric authentication market include CU NextGen, IDEMIA, NEC Corporation, Fujitsu Ltd., Siemens AG, Thales Group, Cross Match Technologies, Fingerprint Cards AB, Suprema Inc., RCG Holdings Limited, and Safran SA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.


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● End user preferences and pain points
● Industry life cycle assessment, by region
● Product Benchmarking / Product specification and applications
● Product Life Cycles
● Scenario Analysis & Growth Trend Comparison
● Technology Trend Analysis
● Go To Market Strategy
● Market share analysis of players by products/segments
● New Product Development/ Product Matrix of Key Players
● Pain Point Analysis
● Regulatory Guidelines
● Strategic Recommendations
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Brands Share Analysis
● Criss-cross segment analysis- market size and forecast
● Expanded list for Company Profiles
● Historic market data
● Market share analysis of players at global/region/country level
● SWOT Analysis
Key Market Segments
By Component
● Software
● Service
By Technology
● Fingerprint Recognition
● Facial Recognition
● Iris Recognition
● Voice Recognition
● Palm Vein Recognition
● Signature Recognition
● Others
By Authentication Type
● single-factor authentication
● single-factor authentication
By End User
● Government
● Defense
● Travel and Immigration
● Home Security
● Banking and Financial Service
● Healthcare
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ France
○ Germany
○ Italy
○ Spain
○ UK
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Australia
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ CU NextGen
○ IDEMIA
○ NEC Corporation
○ Fujitsu Ltd
○ Siemens AG
○ Thales Group
○ Cross Match Technologies
○ Fingerprint Cards AB
○ Suprema Inc.
○ RCG Holdings Limited
○ Safran SA.

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: NEXT-GEN BIOMETRIC AUTHENTICATION MARKET, BY COMPONENT
4.1. Market Overview
4.1.1 Market Size and Forecast, By Component
4.2. Software
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Service
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
CHAPTER 5: NEXT-GEN BIOMETRIC AUTHENTICATION MARKET, BY TECHNOLOGY
5.1. Market Overview
5.1.1 Market Size and Forecast, By Technology
5.2. Fingerprint Recognition
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Facial Recognition
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Iris Recognition
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
5.5. Voice Recognition
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, By Region
5.5.3. Market Share Analysis, By Country
5.6. Palm Vein Recognition
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, By Region
5.6.3. Market Share Analysis, By Country
5.7. Signature Recognition
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast, By Region
5.7.3. Market Share Analysis, By Country
5.8. Others
5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast, By Region
5.8.3. Market Share Analysis, By Country
CHAPTER 6: NEXT-GEN BIOMETRIC AUTHENTICATION MARKET, BY AUTHENTICATION TYPE
6.1. Market Overview
6.1.1 Market Size and Forecast, By Authentication Type
6.2. Single-factor Authentication
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Share Analysis, By Country
6.3. Single-factor Authentication
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, By Region
6.3.3. Market Share Analysis, By Country
CHAPTER 7: NEXT-GEN BIOMETRIC AUTHENTICATION MARKET, BY END USER
7.1. Market Overview
7.1.1 Market Size and Forecast, By End User
7.2. Government
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast, By Region
7.2.3. Market Share Analysis, By Country
7.3. Defense
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, By Region
7.3.3. Market Share Analysis, By Country
7.4. Travel And Immigration
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast, By Region
7.4.3. Market Share Analysis, By Country
7.5. Home Security
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast, By Region
7.5.3. Market Share Analysis, By Country
7.6. Banking And Financial Service
7.6.1. Key Market Trends, Growth Factors and Opportunities
7.6.2. Market Size and Forecast, By Region
7.6.3. Market Share Analysis, By Country
7.7. Healthcare
7.7.1. Key Market Trends, Growth Factors and Opportunities
7.7.2. Market Size and Forecast, By Region
7.7.3. Market Share Analysis, By Country
7.8. Others
7.8.1. Key Market Trends, Growth Factors and Opportunities
7.8.2. Market Size and Forecast, By Region
7.8.3. Market Share Analysis, By Country
CHAPTER 8: NEXT-GEN BIOMETRIC AUTHENTICATION MARKET, BY REGION
8.1. Market Overview
8.1.1 Market Size and Forecast, By Region
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. Market Size and Forecast, By Component
8.2.3. Market Size and Forecast, By Technology
8.2.4. Market Size and Forecast, By Authentication Type
8.2.5. Market Size and Forecast, By End User
8.2.6. Market Size and Forecast, By Country
8.2.7. U.S. Next-Gen Biometric Authentication Market
8.2.7.1. Market Size and Forecast, By Component
8.2.7.2. Market Size and Forecast, By Technology
8.2.7.3. Market Size and Forecast, By Authentication Type
8.2.7.4. Market Size and Forecast, By End User
8.2.8. Canada Next-Gen Biometric Authentication Market
8.2.8.1. Market Size and Forecast, By Component
8.2.8.2. Market Size and Forecast, By Technology
8.2.8.3. Market Size and Forecast, By Authentication Type
8.2.8.4. Market Size and Forecast, By End User
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Market Size and Forecast, By Component
8.3.3. Market Size and Forecast, By Technology
8.3.4. Market Size and Forecast, By Authentication Type
8.3.5. Market Size and Forecast, By End User
8.3.6. Market Size and Forecast, By Country
8.3.7. France Next-Gen Biometric Authentication Market
8.3.7.1. Market Size and Forecast, By Component
8.3.7.2. Market Size and Forecast, By Technology
8.3.7.3. Market Size and Forecast, By Authentication Type
8.3.7.4. Market Size and Forecast, By End User
8.3.8. Germany Next-Gen Biometric Authentication Market
8.3.8.1. Market Size and Forecast, By Component
8.3.8.2. Market Size and Forecast, By Technology
8.3.8.3. Market Size and Forecast, By Authentication Type
8.3.8.4. Market Size and Forecast, By End User
8.3.9. Italy Next-Gen Biometric Authentication Market
8.3.9.1. Market Size and Forecast, By Component
8.3.9.2. Market Size and Forecast, By Technology
8.3.9.3. Market Size and Forecast, By Authentication Type
8.3.9.4. Market Size and Forecast, By End User
8.3.10. Spain Next-Gen Biometric Authentication Market
8.3.10.1. Market Size and Forecast, By Component
8.3.10.2. Market Size and Forecast, By Technology
8.3.10.3. Market Size and Forecast, By Authentication Type
8.3.10.4. Market Size and Forecast, By End User
8.3.11. UK Next-Gen Biometric Authentication Market
8.3.11.1. Market Size and Forecast, By Component
8.3.11.2. Market Size and Forecast, By Technology
8.3.11.3. Market Size and Forecast, By Authentication Type
8.3.11.4. Market Size and Forecast, By End User
8.3.12. Rest Of Europe Next-Gen Biometric Authentication Market
8.3.12.1. Market Size and Forecast, By Component
8.3.12.2. Market Size and Forecast, By Technology
8.3.12.3. Market Size and Forecast, By Authentication Type
8.3.12.4. Market Size and Forecast, By End User
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Market Size and Forecast, By Component
8.4.3. Market Size and Forecast, By Technology
8.4.4. Market Size and Forecast, By Authentication Type
8.4.5. Market Size and Forecast, By End User
8.4.6. Market Size and Forecast, By Country
8.4.7. China Next-Gen Biometric Authentication Market
8.4.7.1. Market Size and Forecast, By Component
8.4.7.2. Market Size and Forecast, By Technology
8.4.7.3. Market Size and Forecast, By Authentication Type
8.4.7.4. Market Size and Forecast, By End User
8.4.8. Japan Next-Gen Biometric Authentication Market
8.4.8.1. Market Size and Forecast, By Component
8.4.8.2. Market Size and Forecast, By Technology
8.4.8.3. Market Size and Forecast, By Authentication Type
8.4.8.4. Market Size and Forecast, By End User
8.4.9. India Next-Gen Biometric Authentication Market
8.4.9.1. Market Size and Forecast, By Component
8.4.9.2. Market Size and Forecast, By Technology
8.4.9.3. Market Size and Forecast, By Authentication Type
8.4.9.4. Market Size and Forecast, By End User
8.4.10. South Korea Next-Gen Biometric Authentication Market
8.4.10.1. Market Size and Forecast, By Component
8.4.10.2. Market Size and Forecast, By Technology
8.4.10.3. Market Size and Forecast, By Authentication Type
8.4.10.4. Market Size and Forecast, By End User
8.4.11. Australia Next-Gen Biometric Authentication Market
8.4.11.1. Market Size and Forecast, By Component
8.4.11.2. Market Size and Forecast, By Technology
8.4.11.3. Market Size and Forecast, By Authentication Type
8.4.11.4. Market Size and Forecast, By End User
8.4.12. Rest of Asia-Pacific Next-Gen Biometric Authentication Market
8.4.12.1. Market Size and Forecast, By Component
8.4.12.2. Market Size and Forecast, By Technology
8.4.12.3. Market Size and Forecast, By Authentication Type
8.4.12.4. Market Size and Forecast, By End User
8.5. LAMEA
8.5.1. Key Market Trends and Opportunities
8.5.2. Market Size and Forecast, By Component
8.5.3. Market Size and Forecast, By Technology
8.5.4. Market Size and Forecast, By Authentication Type
8.5.5. Market Size and Forecast, By End User
8.5.6. Market Size and Forecast, By Country
8.5.7. Latin America Next-Gen Biometric Authentication Market
8.5.7.1. Market Size and Forecast, By Component
8.5.7.2. Market Size and Forecast, By Technology
8.5.7.3. Market Size and Forecast, By Authentication Type
8.5.7.4. Market Size and Forecast, By End User
8.5.8. Middle East Next-Gen Biometric Authentication Market
8.5.8.1. Market Size and Forecast, By Component
8.5.8.2. Market Size and Forecast, By Technology
8.5.8.3. Market Size and Forecast, By Authentication Type
8.5.8.4. Market Size and Forecast, By End User
8.5.9. Africa Next-Gen Biometric Authentication Market
8.5.9.1. Market Size and Forecast, By Component
8.5.9.2. Market Size and Forecast, By Technology
8.5.9.3. Market Size and Forecast, By Authentication Type
8.5.9.4. Market Size and Forecast, By End User
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023
CHAPTER 10: COMPANY PROFILES
10.1. CU NextGen
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2. IDEMIA
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. Business Performance
10.2.7. Key Strategic Moves and Developments
10.3. NEC Corporation
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. Fujitsu Ltd
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Siemens AG
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. Thales Group
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. Business Performance
10.6.7. Key Strategic Moves and Developments
10.7. Cross Match Technologies
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. Business Performance
10.7.7. Key Strategic Moves and Developments
10.8. Fingerprint Cards AB
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. Business Performance
10.8.7. Key Strategic Moves and Developments
10.9. Suprema Inc.
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. RCG Holdings Limited
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments
10.11. Safran SA.
10.11.1. Company Overview
10.11.2. Key Executives
10.11.3. Company Snapshot
10.11.4. Operating Business Segments
10.11.5. Product Portfolio
10.11.6. Business Performance
10.11.7. Key Strategic Moves and Developments