Summary

The global biometric system market is expected to be valued at USD 47.2 billion in 2024 and is projected to reach USD 84.5 billion by 2029; it is expected to grow at a CAGR of 12.3% from 2024 to 2029. Increasing adoption of consumer electronics enhances security and user convenience, therefore driving the demand for the systems. On the other hand, increased adoption of Biometric-as-a-Service is an opportunity since it offers scaled solutions at less cost without heavy upfront investments. However, data security concerns and a lack of technical expertise are major issues since organizations struggle to protect sensitive data and manage complex systems effectively.
“Single-factor authentication segment accounts for the largest share in the biometric system market”
Single-Factor Authentication dominates the biometric system market because of its usage, simplicity, and cost-effectiveness. Of all single-factor authentication methods, fingerprint recognition occupies the largest share. This dominance is attributed to its high reliability and ease of use, integration into a myriad of devices and applications ranging from smartphones to access control systems. Fingerprint recognition technology is within a hair's breadth of becoming ubiquitous in consumer electronics, banking, and government ID programs because of its accuracy and quick response time. On the other hand, improvements to fingerprint sensors and algorithms have increased security and efficiency, holding their position at the top of the single-factor authentication type in the biometric system market.
“Fixed biometric systems based on mobility to hold the largest share in the biometric system market.”
Fixed biometric systems occupy the largest market share in the biometric system market because of their enhanced security and reliability in high-traffic environments. They include devices installed in one fixed position, usually for access control, surveillance, and identity verification in several locations such as offices, airports, and government facilities. This is made possible because they have the ability to ensure constant performance and high accuracy. The stability and durability of fixed systems make them ideally suited for a host of environments where it is paramount to have constant and reliable biometric authentication.The reason they dominate this market is that they can easily be integrated into the existing security structure and support a large number of users. Nevertheless, fixed systems continue to become preferred applications by a lot of sectors due to their history of high performance and depth of features, even amidst growing interest in portable biometric solutions.
“Based on vertical, the BFSI to hold second largest the biometric system market”
The Banking, Financial Services, and Insurance (BFSI) has the second largest market share in the global biometric system market because of its nature as a backbone sector for secure and efficient customer authentication as well as fraud prevention. Biometric systems with fingerprint, facial, and voice recognition are being applied more and more in banking and financial transactions to improve security and ease of use. These systems bring down cases of identity theft, secure transactions, and enhance access control to online and in-branch services. It is expected to capture a substantial market share in the BFSI sector with its increasing adoption of biometric technologies within ATMs, mobile banking applications, and customer verification procedures. The high market share of the sector in terms of biometric systems is also supported by the strong emphasis on security and compliance with regulations.
“On-premises deployment segment to hold the largest share in the biometric system market”
On-premises deployment has the largest market share of the biometric system market due to improved control, security, and customization. This is a preferred solution for organizations, especially in the government, healthcare, and financial sectors that require full control over infrastructure and data in view of tight regulations and privacy requirements. This mode of deployment allows for more personalization to meet specific organizational needs and more enhanced security by keeping information that is sensitive in biometrics within the premises. In addition, on-premises systems provide more reliable performance and faster response times, which are critical in high-security applications. As much as interest in cloud versions has widely taken over, demand for the on-premise version has still remained quite strong due to these advantages, thereby maintaining its top position in the marketplace.
“Asia Pacific region to exhibit highest growth rate in the biometric system market.”
The increasing growth in the biometric system market is likely to be established in the Asia Pacific region, driven by rapid urbanization, technological advancement, and increasing government initiatives. India and China are the two fast-paced countries having large-scale biometric projects; for example, Aadhaar in India has enrolled more than one billion citizens. Additionally, the boom in the tech industry in the region and the wide acceptance of smartphones that integrate biometric features act as fuel for the market. The increasingly strict demands from the financial transaction side, healthcare, and border control drive demand for biometric systems. Together with the rise of the middle class, escalating investment in smart city projects, and proactive regulatory support, this provides a fertile environment for an accelerated expansion of the biometric market in Asia Pacific region.

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 26%, Tier 2 – 32%, and Tier 3 – 42%
• By Designation: C-level Executives – 40%, Directors – 30%, and Others – 30%
• By Region: North America – 35%, Europe – 30%, Asia Pacific – 25%, and RoW – 10%
The key players operating in the biometric system market are Thales (France), IDEMIA (France), NEC Corporation (Japan), ASSA ABLOY (Sweden), and Fujitsu (Japan) among others.
Research Coverage:
The research reports the Biometric System Market, by Authentication Type, (Single-Factor Authentication [Fingerprint Recognition, Iris Recognition, Palm Recognition, Face Recognition, Vein Recognition, Signature Recognition, Voice Recognition, Other Single-factor Authentication Type], Multi-Factor Authentication [Two-factor Authentication, Three-factor Authentication, Four-factor Authentication, Five-factor Authentication]) by Offering (Hardware [Fingerprint Sensors, Readers and Scanners, Cameras, Other Biometric Hardware], Software), by Mobility (Fixed, Portable), By Type (Contact-Based, Contact-less, Hybrid), By Deployment Mode (On-premises, Cloud-based, Integrated Deployment), By Vertical (Government, Defense, Healthcare, BFSI, Consumer Electronics, Travel & Immigration, Automotive, Security [Home Security, Commercial Security], Other Verticals and Region (North America, Europe, Asia Pacific, and Rest of the world (RoW)). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the biometric system market. A thorough analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent biometric system market developments. This report covers a competitive analysis of upcoming biometric system market ecosystem startups.

Key Benefits of Buying the Report

• Analysis of key drivers (Growing adoption of biometric technology in consumer electronics for authentication and identification, Growing government focus on enhancing governance and welfare delivery with biometrics, Increasing demand for biometric surveillance and security due to heightened terrorism threats, Rapid increase in adoption of biometric technologies in automotive applications aims to enhance safety and security, Increasing focus on smart infrastructure and smart city), restraints (Significant costs associated with biometric systems, Strict regulations regarding the use and storage of biometric data), opportunities (Advancements in biometric solutions tailored for authentication and identification, Collaborative strategies among participants in the supply chain, Rising implementation of Biometric-as-a-Service (BaaS), Integration of IoT and cloud computing technologies), and challenges (Concerns about data security and insufficient technical expertise, Challenges in detecting authorized and unauthorized users, Challenges in system integration) influencing the growth of the biometric system market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the biometric system market
• Market Development: Comprehensive information about lucrative markets – the report analyses the biometric system market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the biometric system market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Thales (France), IDEMIA (France), NEC Corporation (Japan), ASSA ABLOY (Sweden), and Fujitsu (Japan) among others in the biometric system market.

ページTOPに戻る

Table of Contents

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 27
1.3.2 INCLUSIONS AND EXCLUSIONS 29
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY CONSIDERED 30
1.5 UNIT CONSIDERED 30
1.6 LIMITATIONS 30
1.7 STAKEHOLDERS 30
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH APPROACH 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 34
2.1.2 SECONDARY DATA 34
2.1.2.1 List of major secondary sources 35
2.1.2.2 Key data from secondary sources 35
2.1.3 PRIMARY DATA 35
2.1.3.1 Intended interview participants 35
2.1.3.2 List of key primary interview participants 36
2.1.3.3 Breakdown of primaries 36
2.1.3.4 Key data from primary sources 37
2.1.3.5 Key industry insights 38
2.2 MARKET SIZE ESTIMATION METHODOLOGY 39
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach to arrive at market size using bottom-up analysis
(demand side) 39
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach to arrive at market size using top-down analysis
(supply side) 40
2.3 DATA TRIANGULATION 42
2.4 RESEARCH ASSUMPTIONS 43
2.5 RESEARCH LIMITATIONS 43
2.6 RISK ASSESSMENT 44
3 EXECUTIVE SUMMARY 45
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOMETRIC SYSTEM MARKET 48
4.2 BIOMETRIC SYSTEM MARKET IN ASIA PACIFIC,
BY COUNTRY AND AUTHENTICATION TYPE 49
4.3 BIOMETRIC SYSTEM MARKET, BY SINGLE-FACTOR AUTHENTICATION TYPE 49
4.4 BIOMETRIC SYSTEM MARKET, BY REGION 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 52
5.2.1 DRIVERS 53
5.2.1.1 Surging demand for biometric technology-enabled consumer electronics 54
5.2.1.2 Elevating use of biometrics in government projects to enhance security and efficiency 56
5.2.1.3 Escalating deployment of biometrics in security and surveillance applications due to increasing terrorism 57
5.2.1.4 Rising focus of automakers on enhancing vehicle safety 58
5.2.1.5 Pressing need to protect smart infrastructure from cyber threat 59
5.2.2 RESTRAINTS 59
5.2.2.1 High costs associated with biometric systems 60
5.2.2.2 Stringent regulations related to biometric data collection, storage, and processing 60
5.2.3 OPPORTUNITIES 61
5.2.3.1 Development of AI- and ML-based biometric solutions 61
5.2.3.2 Collaborative strategies among participants in supply chain 63
5.2.3.3 Increasing number of subscribers for BaaS 65
5.2.3.4 Transition of businesses toward IoT and cloud technologies 66
5.2.4 CHALLENGES 66
5.2.4.1 Data security concerns and shortage of technical knowledge 67
5.2.4.2 Detecting authorized and unauthorized users 67
5.2.4.3 System integration-related challenges 67
5.3 VALUE CHAIN ANALYSIS 68
5.4 ECOSYSTEM ANALYSIS 69
5.5 INVESTMENT AND FUNDING SCENARIO 71
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
5.7 PRICING ANALYSIS 73
5.7.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY FINGERPRINT SENSOR TECHNOLOGY 73
5.7.2 AVERAGE SELLING PRICE TREND OF IRIS SCANNERS, BY KEY PLAYER 74
5.7.3 AVERAGE SELLING PRICE TREND OF FINGERPRINT SENSOR TECHNOLOGIES, BY REGION 75
 
5.8 TECHNOLOGY ANALYSIS 77
5.8.1 KEY TECHNOLOGIES 77
5.8.1.1 Cloud-based biometric system 77
5.8.1.2 Finger-vein recognition 77
5.8.1.3 3D face recognition 78
5.8.1.4 Fingerprint recognition 78
5.8.2 COMPLEMENTARY TECHNOLOGIES 78
5.8.2.1 Liveness detection 78
5.8.2.2 Multimodal biometrics 78
5.8.3 ADJACENT TECHNOLOGIES 78
5.8.3.1 Internet of Things (IoT) 78
5.8.3.2 Artificial intelligence (AI) and machine learning (ML) 79
5.9 IMPACT OF GEN/AI ON BIOMETRIC SYSTEM MARKET 79
5.9.1 INTRODUCTION 79
5.9.2 TOP USE CASES AND MARKET POTENTIAL 80
5.9.2.1 Facial recognition 80
5.9.2.2 Iris recognition 80
5.9.2.3 Palm recognition 80
5.9.2.4 Vein recognition 80
5.9.2.5 Signature recognition 80
5.9.3 BEST PRACTICES 81
5.9.3.1 Case study 81
5.9.4 INTERCONNECT ADJACENT ECOSYSTEM 81
5.9.5 ADOPTION OF AI BY CLIENTS/READINESS TO ADOPT AI 82
5.10 PORTER'S FIVE FORCES ANALYSIS 82
5.10.1 INTENSITY OF COMPETITIVE RIVALRY 83
5.10.2 BARGAINING POWER OF SUPPLIERS 83
5.10.3 BARGAINING POWER OF BUYERS 84
5.10.4 THREAT OF NEW ENTRANTS 84
5.10.5 THREAT OF SUBSTITUTES 84
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 85
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 85
5.11.2 BUYING CRITERIA 86
5.12 CASE STUDY ANALYSIS 87
5.12.1 EUROPEAN UNION DEPLOYS SBMS TO ENHANCE BORDER SECURITY 87
5.12.2 UAE FACILITATES MULTI-BIOMETRIC ENTRY/EXIT PROGRAMS TO ENSURE SMOOTH BORDER CROSSINGS 87
5.12.3 THALES AND GEMALTO IMPLEMENT ADVANCED BIOMETRIC SOLUTIONS TO ENHANCE ELECTORAL INTEGRITY 87
5.12.4 NEC IMPLEMENTS FACIAL RECOGNITION SYSTEM AT HEADQUARTERS TO SECURE ENTRY 88
 
5.13 TRADE ANALYSIS 88
5.13.1 IMPORT DATA (HS CODE 847190) 88
5.13.2 EXPORT DATA (HS CODE 847190) 89
5.14 TARIFF AND REGULATORY LANDSCAPE 89
5.14.1 TARIFF ANALYSIS 89
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
5.14.3 REGULATIONS 93
5.14.4 STANDARDS 93
5.15 PATENT ANALYSIS 95
5.16 KEY CONFERENCES AND EVENTS, 2024–2025 98
6 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE 99
6.1 INTRODUCTION 100
6.2 SINGLE-FACTOR 101
6.2.1 FINGERPRINT RECOGNITION 104
6.2.1.1 AFIS 106
6.2.1.1.1 High reliance on biometrics for criminal identification and forensic investigations to boost demand 106
6.2.1.2 Non-AFIS 107
6.2.1.2.1 Surging deployment in educational institutions to support market growth 107
6.2.2 IRIS RECOGNITION 107
6.2.2.1 Rising demand from government sector to fuel segmental growth 107
6.2.3 PALM PRINT RECOGNITION 109
6.2.3.1 Growing concerns over security across various sectors to accelerate market growth 109
6.2.4 FACE RECOGNITION 111
6.2.4.1 Increasing use of surveillance and security applications to spur demand 111
6.2.5 VEIN RECOGNITION 113
6.2.5.1 Rising demand for high security in banking and immigration to foster segmental growth 113
6.2.6 SIGNATURE RECOGNITION 115
6.2.6.1 Requirement for convenience in banking & finance to support market growth 115
6.2.7 VOICE RECOGNITION 116
6.2.7.1 Low operational cost, better accuracy, and simplified design to boost demand 116
6.2.8 OTHER SINGLE-FACTOR AUTHENTICATION TYPES 118
6.3 MULTI-FACTOR 119
6.3.1 TWO-FACTOR 122
6.3.1.1 Biometric smart card 122
6.3.1.1.1 Elevating demand for managing access to buildings, secure areas, and IT systems to drive market 122
6.3.1.2 Biometric PIN 123
6.3.1.2.1 Increasing adoption in educational institutions to fuel market 123
6.3.1.3 Two-factor biometric technology 124
6.3.1.3.1 Growing preference for multifaceted authentication to boost demand 124
6.3.2 THREE-FACTOR 125
6.3.2.1 Biometric smart card with PIN 126
6.3.2.1.1 Surging focus on metigating cyber threats to foster segmental growth 126
6.3.2.2 Smart card with two-factor biometric technology 127
6.3.2.2.1 Escalating demand for sensitive data handling in healthcare and finance to propel market 127
6.3.2.3 PIN with two-factor biometric technology 128
6.3.2.3.1 Increasing instances of data breaches and identity theft to accelerate demand 128
6.3.2.4 Three-factor biometric technology 129
6.3.2.4.1 Surging deployment in government organizations and forensic labs to drive market 129
6.3.3 FOUR-FACTOR 130
6.3.3.1 Pressing need to protect sensitive system from unauthorized access and cyberattacks to boost demand 130
6.3.4 FIVE-FACTOR 131
6.3.4.1 Need for high levels of security in susceptible and regulated sectors to fuel segmental growth 131
7 BIOMETRIC SYSTEM MARKET, BY OFFERING 133
7.1 INTRODUCTION 134
7.2 HARDWARE 136
7.2.1 FINGERPRINT SENSORS 139
7.2.1.1 Capacitive 140
7.2.1.1.1 Widespread adoption in smartphones, laptops, and other consumer electronics to drive market 140
7.2.1.2 Optical 141
7.2.1.2.1 Increasing adoption by smartphone manufacturers to boost demand 141
7.2.1.3 Thermal 141
7.2.1.3.1 Growing use of smart cards for payments and authentication to fuel segmental growth 141
7.2.1.4 Ultrasonic 142
7.2.1.4.1 Continuous advancements in sensing technology to contribute to market growth 142
7.2.2 READERS & SCANNERS 142
7.2.2.1 High demand from government, financial, and healthcare facilities to boost segmental growth 142
 
7.2.3 CAMERAS 142
7.2.3.1 Significant demand for non-intrusive and user-friendly biometric solutions to fuel market growth 142
7.2.4 OTHER BIOMETRIC HARDWARE 143
7.3 SOFTWARE 143
7.3.1 HEIGHTENED DEMAND FOR SECURE, SEAMLESS, AND EFFICIENT BIOMETRIC AUTHENTICATION SOLUTIONS TO FOSTER MARKET GROWTH 143
8 BIOMETRIC SYSTEM MARKET, BY MOBILITY 146
8.1 INTRODUCTION 147
8.2 FIXED 148
8.2.1 INCREASING SECURITY CONCERNS TO DRIVE ADOPTION OF FIXED BIOMETRIC SOLUTIONS TO FUEL MARKET GROWTH 148
8.3 PORTABLE 149
8.3.1 SURGING DEMAND FROM LAW ENFORCEMENT AGENCIES TO SUPPORT MARKET GROWTH 149
9 BIOMETRIC SYSTEM MARKET, BY TYPE 151
9.1 INTRODUCTION 152
9.2 CONTACT-BASED 153
9.2.1 HIGH RELIABILITY AND ACCURACY TO CONTRIBUTE TO MARKET GROWTH 153
9.3 CONTACTLESS 154
9.3.1 RISING ADOPTION OF TOUCHLESS TECHNOLOGIES DUE TO HYGIENE CONCERNS TO ACCELERATE DEMAND 154
9.4 HYBRID 155
9.4.1 FLEXIBILITY AND USER CONVENIENCE TO FOSTER MARKET GROWTH 155
10 BIOMETRIC SYSTEM MARKET, BY DEPLOYMENT MODE 156
10.1 INTRODUCTION 157
10.2 ON-PREMISES 158
10.2.1 INCREASING CONCERNS ABOUT DATA SECURITY AND PRIVACY TO FUEL MARKET GROWTH 158
10.3 CLOUD-BASED 159
10.3.1 RISING DEMAND FOR SCALABLE AND COST-EFFECTIVE SOLUTIONS TO DRIVE MARKET 159
11 BIOMETRIC SYSTEM MARKET, BY VERTICAL 160
11.1 INTRODUCTION 161
11.2 GOVERNMENT 164
11.2.1 INCREASING ADOPTION TO SECURE CRUCIAL DATA TO CONTRIBUTE TO MARKET GROWTH 164
11.3 DEFENSE 165
11.3.1 PRESSING NEED TO COMPLY WITH RIGOROUS SECURITY PROTOCOLS TO BOOST DEMAND 165
 
11.4 HEALTHCARE 166
11.4.1 NEED FOR RELIABILITY AND ACCURACY IN MEDICAL SETTINGS TO SUPPORT MARKET GROWTH 166
11.5 BFSI 166
11.5.1 INCREASING NEED FOR ROBUST FRAUD PREVENTION SOLUTIONS TO ACCELERATE MARKET GROWTH 166
11.6 CONSUMER ELECTRONICS 167
11.6.1 ELEVATING DEMAND FOR SMARTPHONES WITH IMPROVED SECURITY FEATURES TO SUPPORT MARKET GROWTH 167
11.7 TRAVEL & IMMIGRATION 167
11.7.1 GOVERNMENT-LED INITIATIVES TO PREVENT UNAUTHORIZED ACCESS TO SPUR DEMAND 167
11.8 AUTOMOTIVE 168
11.8.1 INCREASING EMPHASIS ON ENHANCING VEHICLE SECURITY TO BOOST DEMAND 168
11.9 SECURITY 168
11.9.1 HOME SECURITY 169
11.9.1.1 Rising adoption of IoT and wireless technologies in residential settings to drive market 169
11.9.2 COMMERCIAL SECURITY 169
11.9.2.1 Growing need to replace manual attendance tracking to drive market 169
11.10 OTHER VERTICALS 170
12 BIOMETRIC SYSTEM MARKET, BY REGION 171
12.1 INTRODUCTION 172
12.2 NORTH AMERICA 173
12.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 176
12.2.2 US 177
12.2.2.1 Increasing focus on modernizing technologies for border surveillance to fuel market growth 177
12.2.3 CANADA 177
12.2.3.1 Rising focus on upgrading immigration biometric identification to accelerate demand 177
12.2.4 MEXICO 178
12.2.4.1 Implementation of city-wide facial recognition system for improving public safety to spur demand 178
12.3 EUROPE 179
12.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 182
12.3.2 GERMANY 183
12.3.2.1 Integration of biometrics into automotive sector to fuel market growth 183
12.3.3 UK 183
12.3.3.1 Deployment of contactless biometric scanners in high-traffic areas to foster market growth 183
 
12.3.4 FRANCE 183
12.3.4.1 Implementation of biometrics across finance, healthcare, and transportation sectors to drive market 183
12.3.5 ITALY 184
12.3.5.1 Adoption of advanced biometric technologies in travel & immigration sector to support market growth 184
12.3.6 SPAIN 184
12.3.6.1 Need for security enhancement due to robust tourism sector to stimulate market growth 184
12.3.7 REST OF EUROPE 185
12.4 ASIA PACIFIC 185
12.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 189
12.4.2 CHINA 190
12.4.2.1 Increasing deployment of surveillance cameras to support market growth 190
12.4.3 JAPAN 190
12.4.3.1 Country's commitment to integrating biometric systems across various applications to propel market 190
12.4.4 SOUTH KOREA 190
12.4.4.1 Development of smart devices based on advanced biometric technologies to boost demand 190
12.4.5 INDIA 191
12.4.5.1 Growing need for more secure, efficient, and convenient transaction methods to spike demand 191
12.4.6 AUSTRALIA 191
12.4.6.1 Increasing use of voice recognition to streamline interactions with public to drive market 191
12.4.7 REST OF ASIA PACIFIC 192
12.5 ROW 192
12.5.1 MACROECONOMIC OUTLOOK FOR ROW 194
12.5.2 MIDDLE EAST 194
12.5.2.1 Advancements and investments in security infrastructure to foster growth 194
12.5.3 AFRICA 195
12.5.3.1 Growing adoption of identity cards and e-passports to drive market 195
12.5.4 SOUTH AMERICA 195
12.5.4.1 Spike in cybercrimes to fuel adoption of biometrics 195
13 COMPETITIVE LANDSCAPE 196
13.1 OVERVIEW 196
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 196
13.3 MARKET SHARE ANALYSIS, 2023 199
13.4 REVENUE ANALYSIS, 2019–2023 201
13.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 202
13.6 BRAND/PRODUCT COMPARISON 203
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 203
13.7.1 STARS 203
13.7.2 EMERGING LEADERS 203
13.7.3 PERVASIVE PLAYERS 204
13.7.4 PARTICIPANTS 204
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 205
13.7.5.1 Company footprint 205
13.7.5.2 Authentication footprint 206
13.7.5.3 Mobility footprint 207
13.7.5.4 Offering footprint 209
13.7.5.5 Vertical footprint 210
13.7.5.6 Region footprint 212
13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 213
13.8.1 PROGRESSIVE COMPANIES 213
13.8.2 RESPONSIVE COMPANIES 213
13.8.3 DYNAMIC COMPANIES 213
13.8.4 STARTING BLOCKS 213
13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 215
13.8.5.1 Detailed list of startups/SMEs 215
13.8.5.2 Competitive benchmarking of key startups/SMEs 216
13.9 COMPETITIVE SCENARIO 217
13.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 217
13.9.2 DEALS 220
13.9.3 EXPANSIONS 231
13.9.4 OTHER DEVELOPMENTS 231
14 COMPANY PROFILES 233
14.1 KEY PLAYERS 233
14.1.1 THALES 233
14.1.1.1 Business overview 233
14.1.1.2 Products/Solutions/Services offered 235
14.1.1.3 Recent developments 236
14.1.1.3.1 Product launches/Development 236
14.1.1.3.2 Deals 236
14.1.1.3.3 Expansions 237
14.1.1.3.4 Other developments 237
14.1.1.4 MnM view 238
14.1.1.4.1 Key strengths 238
14.1.1.4.2 Strategic choices 238
14.1.1.4.3 Weaknesses and competitive threats 238
 
14.1.2 IDEMIA 239
14.1.2.1 Business overview 239
14.1.2.2 Products/Solutions/Services offered 240
14.1.2.3 Recent developments 241
14.1.2.3.1 Product launches/Developments 241
14.1.2.3.2 Deals 242
14.1.2.3.3 Other developments 244
14.1.2.4 MnM view 244
14.1.2.4.1 Key strengths 244
14.1.2.4.2 Strategic choices 244
14.1.2.4.3 Weaknesses and competitive threats 245
14.1.3 NEC CORPORATION 246
14.1.3.1 Business overview 246
14.1.3.2 Products/Solutions/Services offered 248
14.1.3.3 Recent developments 248
14.1.3.3.1 Product launches/Developments 248
14.1.3.3.2 Deals 249
14.1.3.3.3 Other developments 249
14.1.3.4 MnM view 250
14.1.3.4.1 Key strengths 250
14.1.3.4.2 Strategic choices 250
14.1.3.4.3 Weaknesses and competitive threats 250
14.1.4 ASSA ABLOY 251
14.1.4.1 Business overview 251
14.1.4.2 Products/Solutions/Services offered 252
14.1.4.3 Recent developments 253
14.1.4.3.1 Deals 253
14.1.4.4 MnM view 255
14.1.4.4.1 Key strengths 255
14.1.4.4.2 Strategic choices 255
14.1.4.4.3 Weaknesses and competitive threats 255
14.1.5 FUJITSU 256
14.1.5.1 Business overview 256
14.1.5.2 Products/Solutions/Services offered 258
14.1.5.3 Recent developments 258
14.1.5.3.1 Product launches/Developments 258
14.1.5.3.2 Deals 259
14.1.5.4 MnM view 259
14.1.5.4.1 Key strengths 259
14.1.5.4.2 Strategic choices 259
14.1.5.4.3 Weaknesses and competitive threats 259
 
14.1.6 PRECISE BIOMETRICS AB 260
14.1.6.1 Business overview 260
14.1.6.2 Products/Solutions/Services offered 262
14.1.6.3 Recent developments 262
14.1.6.3.1 Product launches /Developments 262
14.1.6.3.2 Deals 263
14.1.7 SECUNET SECURITY NETWORKS AG 266
14.1.7.1 Business overview 266
14.1.7.2 Products/Solutions/Services offered 268
14.1.7.3 Recent developments 268
14.1.7.3.1 Deals 268
14.1.8 AWARE INC. 270
14.1.8.1 Business overview 270
14.1.8.2 Products/Solutions/Services offered 271
14.1.8.3 Recent developments 272
14.1.8.3.1 Product launches/Developments 272
14.1.8.3.2 Deals 272
14.1.9 COGNITEC SYSTEMS GMBH 275
14.1.9.1 Business overview 275
14.1.9.2 Products/Solutions/Services offered 275
14.1.9.3 Recent developments 276
14.1.9.3.1 Product launches/Developments 276
14.1.9.3.2 Deals 276
14.1.10 ANVIZ GLOBAL INC. 277
14.1.10.1 Business overview 277
14.1.10.2 Products/Solutions/Services offered 277
14.1.10.3 Recent developments 278
14.1.10.3.1 Product launches/Developments 278
14.2 OTHER PLAYERS 279
14.2.1 DAON, INC. 279
14.2.2 DERMALOG IDENTIFICATION SYSTEMS GMBH 280
14.2.3 NEUROTECHNOLOGY 281
14.2.4 INNOVATRICS 282
14.2.5 VERIDOS GMBH 282
14.2.6 ZETES 283
14.2.7 JUMIO 283
14.2.8 ONFIDO 284
14.2.9 IPROOV 284
14.2.10 FACETEC, INC. 285
14.2.11 ID R&D INC. 285
14.2.12 BEIJING KUANGSHI TECHNOLOGY CO., LTD. (MEGVII) 286
14.2.13 SENSETIME 286
14.2.14 FACEBANX 287
14.2.15 DAVID-LINK CORPORATION 287
14.2.16 BIO-KEY INTERNATIONAL 288
14.2.17 SECURIPORT 289
14.2.18 M2SYS TECHNOLOGY 289
14.2.19 SUPREMA INC. 290
14.2.20 FULCRUM BIOMETRICS 290
14.2.21 ONESPAN 291
14.2.22 QUALCOMM TECHNOLOGIES, INC. 292
14.2.23 INTEGRATED BIOMETRICS 293
14.2.24 LEIDOS 294
14.2.25 IMAGEWARE 295
14.2.26 PAPILLON 296
14.2.27 NUANCE COMMUNICATIONS, INC. 296
15 APPENDIX 297
15.1 INSIGHTS FROM INDUSTRY EXPERTS 297
15.2 DISCUSSION GUIDE 298
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 302
15.4 CUSTOMIZATION OPTIONS 304
15.5 RELATED REPORTS 304
15.6 AUTHOR DETAILS 305