Summary

Global Biometrics Market 2024-2028
The biometrics market is forecasted to grow by USD 38.11 bn during 2023-2028, accelerating at a CAGR of 15.2% during the forecast period. The report on the biometrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand and enhanced security, government initiatives, and advancement in technology.
Technavio's biometrics market is segmented as below:
By End-user
• Government
• Healthcare
• BFSI
• Others
By Component
• Hardware
• Software
By Geographical Landscape
• North America
• APAC
• Europe
• Middle East and Africa
• South America
This study identifies the increasing adoption of facial recognition technology as one of the prime reasons driving the biometrics market growth during the next few years. Also, growing demand for contactless biometric systems and emergence of cloud-based biometric systems will lead to sizable demand in the market.
The report on the biometrics market covers the following areas:
• Biometrics market sizing
• Biometrics market forecast
• Biometrics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biometrics market vendors that include Advent International Corp., ASSA ABLOY AB, Aware Inc., BIO key International Inc., Cognitec Systems GmbH, Daon Inc., Facebanx, Fujitsu Ltd., Furukawa Electric Co. Ltd., Iris ID Systems Inc., M2SYS, NEC Corp., NEXT Biometrics Group ASA, Precise Biometrics AB, Qualcomm Inc., secunet Security Networks AG, Securiport LLC, Suprema Inc., Thales Group, and Veridium IP Ltd.. Also, the biometrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/biometrics-market-size-industry-analysis
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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Table of Contents

• 1 Executive Summary
o 1.1 Market overview
o Executive Summary - Chart on Market Overview
o Executive Summary - Data Table on Market Overview
o Executive Summary - Chart on Global Market Characteristics
o Executive Summary - Chart on Market By Geographical Landscape
o Executive Summary - Chart on Market Segmentation by End-user
o Executive Summary - Chart on Market Segmentation by Component
o Executive Summary - Chart on Incremental Growth
o Executive Summary - Data Table on Incremental Growth
o Executive Summary - Chart on Company Market Positioning
• 2 Market Landscape
o 2.1 Market ecosystem
o Parent Market
o Data Table on - Parent Market
o 2.2 Market characteristics
o Market characteristics analysis
o 2.3 Value chain analysis
o Value Chain Analysis
• 3 Market Sizing
o 3.1 Market definition
o Offerings of companies included in the market definition
o 3.2 Market segment analysis
o Market segments
o 3.3 Market size 2023
o 3.4 Market outlook: Forecast for 2023-2028
o Chart on Global - Market size and forecast 2023-2028 ($ billion)
o Data Table on Global - Market size and forecast 2023-2028 ($ billion)
o Chart on Global Market: Year-over-year growth 2023-2028 (%)
o Data Table on Global Market: Year-over-year growth 2023-2028 (%)
• 4 Historic Market Size
o 4.1 Global Biometrics Market 2018 - 2022
o Historic Market Size - Data Table on Global Biometrics Market 2018 - 2022 ($ billion)
o 4.2 End-user segment analysis 2018 - 2022
o Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
o 4.3 Component segment analysis 2018 - 2022
o Historic Market Size - Component Segment 2018 - 2022 ($ billion)
o 4.4 Geography segment analysis 2018 - 2022
o Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
o 4.5 Country segment analysis 2018 - 2022
o Historic Market Size - Country Segment 2018 - 2022 ($ billion)
• 5 Five Forces Analysis
o 5.1 Five forces summary
o Five forces analysis - Comparison between 2023 and 2028
o 5.2 Bargaining power of buyers
o Bargaining power of buyers - Impact of key factors 2023 and 2028
o 5.3 Bargaining power of suppliers
o Bargaining power of suppliers - Impact of key factors in 2023 and 2028
o 5.4 Threat of new entrants
o Threat of new entrants - Impact of key factors in 2023 and 2028
o 5.5 Threat of substitutes
o Threat of substitutes - Impact of key factors in 2023 and 2028
o 5.6 Threat of rivalry
o Threat of rivalry - Impact of key factors in 2023 and 2028
o 5.7 Market condition
o Chart on Market condition - Five forces 2023 and 2028
• 6 Market Segmentation by End-user
o 6.1 Market segments
o Chart on End-user - Market share 2023-2028 (%)
o Data Table on End-user - Market share 2023-2028 (%)
o 6.2 Comparison by End-user
o Chart on Comparison by End-user
o Data Table on Comparison by End-user
o 6.3 Government - Market size and forecast 2023-2028
o Chart on Government - Market size and forecast 2023-2028 ($ billion)
o Data Table on Government - Market size and forecast 2023-2028 ($ billion)
o Chart on Government - Year-over-year growth 2023-2028 (%)
o Data Table on Government - Year-over-year growth 2023-2028 (%)
o 6.4 Healthcare - Market size and forecast 2023-2028
o Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
o Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
o Chart on Healthcare - Year-over-year growth 2023-2028 (%)
o Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
o 6.5 BFSI - Market size and forecast 2023-2028
o Chart on BFSI - Market size and forecast 2023-2028 ($ billion)
o Data Table on BFSI - Market size and forecast 2023-2028 ($ billion)
o Chart on BFSI - Year-over-year growth 2023-2028 (%)
o Data Table on BFSI - Year-over-year growth 2023-2028 (%)
o 6.6 Others - Market size and forecast 2023-2028
o Chart on Others - Market size and forecast 2023-2028 ($ billion)
o Data Table on Others - Market size and forecast 2023-2028 ($ billion)
o Chart on Others - Year-over-year growth 2023-2028 (%)
o Data Table on Others - Year-over-year growth 2023-2028 (%)
o 6.7 Market opportunity by End-user
o Market opportunity by End-user ($ billion)
o Data Table on Market opportunity by End-user ($ billion)
• 7 Market Segmentation by Component
o 7.1 Market segments
o Chart on Component - Market share 2023-2028 (%)
o Data Table on Component - Market share 2023-2028 (%)
o 7.2 Comparison by Component
o Chart on Comparison by Component
o Data Table on Comparison by Component
o 7.3 Hardware - Market size and forecast 2023-2028
o Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
o Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
o Chart on Hardware - Year-over-year growth 2023-2028 (%)
o Data Table on Hardware - Year-over-year growth 2023-2028 (%)
o 7.4 Software - Market size and forecast 2023-2028
o Chart on Software - Market size and forecast 2023-2028 ($ billion)
o Data Table on Software - Market size and forecast 2023-2028 ($ billion)
o Chart on Software - Year-over-year growth 2023-2028 (%)
o Data Table on Software - Year-over-year growth 2023-2028 (%)
o 7.5 Market opportunity by Component
o Market opportunity by Component ($ billion)
o Data Table on Market opportunity by Component ($ billion)
• 8 Customer Landscape
o 8.1 Customer landscape overview
o Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
• 9 Geographic Landscape
o 9.1 Geographic segmentation
o Chart on Market share By Geographical Landscape 2023-2028 (%)
o Data Table on Market share By Geographical Landscape 2023-2028 (%)
o 9.2 Geographic comparison
o Chart on Geographic comparison
o Data Table on Geographic comparison
o 9.3 North America - Market size and forecast 2023-2028
o Chart on North America - Market size and forecast 2023-2028 ($ billion)
o Data Table on North America - Market size and forecast 2023-2028 ($ billion)
o Chart on North America - Year-over-year growth 2023-2028 (%)
o Data Table on North America - Year-over-year growth 2023-2028 (%)
o 9.4 APAC - Market size and forecast 2023-2028
o Chart on APAC - Market size and forecast 2023-2028 ($ billion)
o Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
o Chart on APAC - Year-over-year growth 2023-2028 (%)
o Data Table on APAC - Year-over-year growth 2023-2028 (%)
o 9.5 Europe - Market size and forecast 2023-2028
o Chart on Europe - Market size and forecast 2023-2028 ($ billion)
o Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
o Chart on Europe - Year-over-year growth 2023-2028 (%)
o Data Table on Europe - Year-over-year growth 2023-2028 (%)
o 9.6 Middle East and Africa - Market size and forecast 2023-2028
o Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
o Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
o Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o 9.7 South America - Market size and forecast 2023-2028
o Chart on South America - Market size and forecast 2023-2028 ($ billion)
o Data Table on South America - Market size and forecast 2023-2028 ($ billion)
o Chart on South America - Year-over-year growth 2023-2028 (%)
o Data Table on South America - Year-over-year growth 2023-2028 (%)
o 9.8 US - Market size and forecast 2023-2028
o Chart on US - Market size and forecast 2023-2028 ($ billion)
o Data Table on US - Market size and forecast 2023-2028 ($ billion)
o Chart on US - Year-over-year growth 2023-2028 (%)
o Data Table on US - Year-over-year growth 2023-2028 (%)
o 9.9 China - Market size and forecast 2023-2028
o Chart on China - Market size and forecast 2023-2028 ($ billion)
o Data Table on China - Market size and forecast 2023-2028 ($ billion)
o Chart on China - Year-over-year growth 2023-2028 (%)
o Data Table on China - Year-over-year growth 2023-2028 (%)
o 9.10 Japan - Market size and forecast 2023-2028
o Chart on Japan - Market size and forecast 2023-2028 ($ billion)
o Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
o Chart on Japan - Year-over-year growth 2023-2028 (%)
o Data Table on Japan - Year-over-year growth 2023-2028 (%)
o 9.11 UK - Market size and forecast 2023-2028
o Chart on UK - Market size and forecast 2023-2028 ($ billion)
o Data Table on UK - Market size and forecast 2023-2028 ($ billion)
o Chart on UK - Year-over-year growth 2023-2028 (%)
o Data Table on UK - Year-over-year growth 2023-2028 (%)
o 9.12 Germany - Market size and forecast 2023-2028
o Chart on Germany - Market size and forecast 2023-2028 ($ billion)
o Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
o Chart on Germany - Year-over-year growth 2023-2028 (%)
o Data Table on Germany - Year-over-year growth 2023-2028 (%)
o 9.13 Market opportunity By Geographical Landscape
o Market opportunity By Geographical Landscape ($ billion)
o Data Tables on Market opportunity By Geographical Landscape ($ billion)
• 10 Drivers, Challenges, and Opportunity/Restraints
o 10.1 Market drivers
o 10.2 Market challenges
o 10.3 Impact of drivers and challenges
o Impact of drivers and challenges in 2023 and 2028
o 10.4 Market opportunities/restraints
• 11 Competitive Landscape
o 11.1 Overview
o 11.2 Competitive Landscape
o Overview on criticality of inputs and factors of differentiation
o 11.3 Landscape disruption
o Overview on factors of disruption
o 11.4 Industry risks
o Impact of key risks on business
• 12 Competitive Analysis
o 12.1 Companies profiled
o Companies covered
o 12.2 Market positioning of companies
o Matrix on companies position and classification
o 12.3 Advent International Corp.
o Advent International Corp. - Overview
o Advent International Corp. - Product / Service
o Advent International Corp. - Key news
o Advent International Corp. - Key offerings
o 12.4 ASSA ABLOY AB
o ASSA ABLOY AB - Overview
o ASSA ABLOY AB - Business segments
o ASSA ABLOY AB - Key news
o ASSA ABLOY AB - Key offerings
o ASSA ABLOY AB - Segment focus
o 12.5 Aware Inc.
o Aware Inc. - Overview
o Aware Inc. - Business segments
o Aware Inc. - Key offerings
o Aware Inc. - Segment focus
o 12.6 BIO key International Inc.
o BIO key International Inc. - Overview
o BIO key International Inc. - Business segments
o BIO key International Inc. - Key news
o BIO key International Inc. - Key offerings
o BIO key International Inc. - Segment focus
o 12.7 Cognitec Systems GmbH
o Cognitec Systems GmbH - Overview
o Cognitec Systems GmbH - Product / Service
o Cognitec Systems GmbH - Key offerings
o 12.8 Daon Inc.
o Daon Inc. - Overview
o Daon Inc. - Product / Service
o Daon Inc. - Key offerings
o 12.9 Facebanx
o Facebanx - Overview
o Facebanx - Product / Service
o Facebanx - Key offerings
o 12.10 Fujitsu Ltd.
o Fujitsu Ltd. - Overview
o Fujitsu Ltd. - Business segments
o Fujitsu Ltd. - Key news
o Fujitsu Ltd. - Key offerings
o Fujitsu Ltd. - Segment focus
o 12.11 Furukawa Electric Co. Ltd.
o Furukawa Electric Co. Ltd. - Overview
o Furukawa Electric Co. Ltd. - Product / Service
o Furukawa Electric Co. Ltd. - Key news
o Furukawa Electric Co. Ltd. - Key offerings
o 12.12 M2SYS
o M2SYS - Overview
o M2SYS - Product / Service
o M2SYS - Key offerings
o 12.13 NEC Corp.
o NEC Corp. - Overview
o NEC Corp. - Business segments
o NEC Corp. - Key news
o NEC Corp. - Key offerings
o NEC Corp. - Segment focus
o 12.14 NEXT Biometrics Group ASA
o NEXT Biometrics Group ASA - Overview
o NEXT Biometrics Group ASA - Product / Service
o NEXT Biometrics Group ASA - Key offerings
o 12.15 Qualcomm Inc.
o Qualcomm Inc. - Overview
o Qualcomm Inc. - Business segments
o Qualcomm Inc. - Key news
o Qualcomm Inc. - Key offerings
o Qualcomm Inc. - Segment focus
o 12.16 secunet Security Networks AG
o secunet Security Networks AG - Overview
o secunet Security Networks AG - Business segments
o secunet Security Networks AG - Key offerings
o secunet Security Networks AG - Segment focus
o 12.17 Thales Group
o Thales Group - Overview
o Thales Group - Business segments
o Thales Group - Key news
o Thales Group - Key offerings
o Thales Group - Segment focus
• 13 Appendix
o 13.1 Scope of the report
o 13.2 Inclusions and exclusions checklist
o Inclusions checklist
o Exclusions checklist
o 13.3 Currency conversion rates for US$
o Currency conversion rates for US$
o 13.4 Research methodology
o Research methodology
o 13.5 Data procurement
o Information sources
o 13.6 Data validation
o Data validation
o 13.7 Validation techniques employed for market sizing
o Validation techniques employed for market sizing
o 13.8 Data synthesis
o Data synthesis
o 13.9 360 degree market analysis
o 360 degree market analysis
o 13.10 List of abbreviations
o List of abbreviations