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Biometric System Market By Type (iris Recognition, Hand Geometry Recognition, Signature Recognition, Middleware Recognition, Face Recognition, Fingerprint Recognition, Voice Recognition, Other Types) And Application (banking & Financial Sector, It & Telecommunication, Public Sector, Healthcare, Other Application) - Global Industry Analysis And Forecast To 2023

Published On : June 2022 Pages : 152 Category: Sensors & Controls Report Code : SE061051

SEGMENTS & REGIONS:

  • By Type: iris Recognition, Hand Geometry Recognition, Signature Recognition, Middleware Recognition, Face Recognition, Fingerprint Recognition, Voice Recognition, Other Types
  • And Application: banking & Financial Sector, It & Telecommunication, Public Sector, Healthcare, Other Application
  • Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa

Industry Outlook and Trend Analysis

The Biometric System Market was worth USD X.XX billion in 2017 and is expected to reach approximately USD XX.XX billion by 2023, while registering itself at a compound annual growth rate (CAGR) of XX.XX% during the forecast period. Biometric system alludes to biological information utilized by technology to identify an individual. This system empowers organizations to give factual analysis of physical and behavioural qualities of individuals. Generally, biometric authentication expresses that every individual is unique and can be distinguished by his or her particular conduct and physical traits. Biometrics authentication is utilized in computer science as a type of recognizable proof and access control. It is likewise used to distinguish people in groups that are under surveillance. Biometric identifiers are the particular, quantifiable attributes used to describe and label people. Biometric identifiers are frequently categorized as physiological versus behavioural characteristics.

Drivers and Restraints

The worldwide biometric technology market is driven by developing usage of biometric systems in the government and commercial divisions. Moreover, the expanding requirement for improved security systems in associations and utilization of e-passport &e-visas are the main factors that are quickening the market development. Nonetheless, the technology of biometrics has its own particular impediments, for example, expensive biometric devices, technological restrictions including matching accuracy with physical characteristics, image resolution, and low-quality capture device, and others and risk of security interruption. Developing multilevel biometric technology, usage of biometric in e-commerce, and cloud computing have brought about development opportunities for leading players working in the worldwide biometric market.

Market Segmentation

The Biometric System Market is segmented on the basis of type and application. Based on type the market is segmented into Iris recognition, Hand geometry recognition, Signature recognition, Middleware recognition, Face recognition, Fingerprint recognition, Voice recognition and others. Face recognition is an adaptable technology, which is anticipated to demonstrate quick development amid the gauge time frame attributable to its high selection in law enforcement, retail and defence, and consumer electronics sectors. Iris recognition framework is a standout amongst the most preferred technology inferable from its speed of task and protection from false matches compared with other technologies. Based on application the market is segmented into Banking & financial sector, IT & telecommunication, Public sector, Healthcare and others.

Regional Outlook and Trend Analysis

North America is foreseen to represent biggest share of the overall industry in biometric systems market inferable from high execution of biometrics framework by government and security offices and wide implementation of unique mark acknowledgment by US district. Asia-Pacific region is developing at most elevated CAGR rate attributable to expanded implementation of this framework by government in security of national legacy, airplane terminals and e-passport confirmation.

Competitive Insights

The leading players in the market are 3M, NEC Corp, ImageWare Systems Inc, Bio-Key International, Suprema, Thales Group, Precise Biometrics, FUJITSU FRONTECH LTD and Safran. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Biometric System Market is segmented as follows-

By Type

  • Iris recognition
  • Hand geometry recognition
  • Signature recognition
  • Middleware recognition
  • Face recognition
  • Fingerprint recognition
  • Voice recognition
  • Others

By Application

  • Banking & financial sector
  • IT & telecommunication
  • Public sector
  • Healthcare
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2023?
  • What will be the industry market growth from 2017 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Biometric System Market, By Type, Estimates and Forecast, 2014-2023 ($Million)

·         Iris recognition

·         Hand geometry recognition

·         Signature recognition

·         Middleware recognition

·         Face recognition

·         Fingerprint recognition

·         Voice recognition

·         Other Types

·         Biometric System Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Banking & financial sector

·         IT & telecommunication

·         Public sector

·         Healthcare

·         Other Application

·         Biometric System Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Biometric System Market, By Country

o    U.S. Biometric System Market

o    Canada Biometric System Market

o    Mexico Biometric System Market

·         Europe

§  Europe Biometric System Market, By Country

o    Germany Biometric System Market

o    UK Biometric System Market

o    France Biometric System Market

o    Russia Biometric System Market

o    Italy Biometric System Market

o    Rest of Europe Biometric System Market

·         Asia-Pacific

§  Asia-Pacific Biometric System Market, By Country

o    China Biometric System Market

o    Japan Biometric System Market

o    South Korea Biometric System Market

o    India Biometric System Market

o    Southeast Asia Biometric System Market

o    Rest of Asia-Pacific Biometric System Market

·         South America

§  South America Biometric System Market

o    Brazil Biometric System Market

o    Argentina Biometric System Market

o    Columbia Biometric System Market

o    South Africa Biometric System Market

o    Rest of South America Biometric System Market

·         Middle East and Africa

§  Middle East and Africa Biometric System Market

o    Saudi Arabia Biometric System Market

o    UAE Biometric System Market

o    Egypt Biometric System Market

o    Nigeria Biometric System Market

o    South Africa Biometric System Market

o    Rest of MEA Biometric System Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.2.  Restraints

3.2.3.  Opportunities

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2017-2023)

4.1.2.  Canada Market States and Outlook (2017-2023)

4.1.3.  Mexico Market States and Outlook (2017-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2017-2023)

4.2.2.  France Market States and Outlook (2017-2023)

4.2.3.  UK Market States and Outlook (2017-2023)

4.2.4.  Russia Market States and Outlook (2017-2023)

4.2.5.  Italy Market States and Outlook (2017-2023)

4.2.6.  Rest of Europe Market States and Outlook (2017-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2017-2023)

4.3.2.  Japan Market States and Outlook (2017-2023)

4.3.3.  Korea Market States and Outlook (2017-2023)

4.3.4.  India Market States and Outlook (2017-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2017-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2017-2023)

4.4.2.  Argentina Market States and Outlook (2017-2023)

4.4.3.  Columbia Market States and Outlook (2017-2023)

4.4.4.  Rest of South America Market States and Outlook (2017-2023)

4.5.       Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market States and Outlook (2017-2023)

4.5.2.  UAE Market States and Outlook (2017-2023)

4.5.3.  Egypt Market States and Outlook (2017-2023)

4.5.4.  Nigeria Market States and Outlook (2017-2023)

4.5.5.  South Africa Market States and Outlook (2017-2023)

4.5.6.  Rest of MEA Market States and Outlook (2017-2023)

5.       Biometric System Market, By Type

5.1.       Introduction

5.2.       Global Biometric System Revenue and Market Share by Type (2017-2027)

5.2.1.  Global Biometric System Revenue and Revenue Share by Type (2017-2027)

5.3.       Iris recognition

5.3.1.  Global Iris recognition Revenue and Growth Rate (2017-2027)

5.4.       Hand geometry recognition

5.4.1.  Global Hand geometry recognition Revenue and Growth Rate (2017-2027)

5.5.       Signature recognition

5.5.1.  Global Signature recognition Revenue and Growth Rate (2017-2027)

5.6.       Middleware recognition

5.6.1.  Global Middleware recognition Revenue and Growth Rate (2017-2027)

5.7.       Face recognition

5.7.1.  Global Face recognition Revenue and Growth Rate (2017-2027)

5.8.       Fingerprint recognition

5.8.1.  Global Fingerprint recognition Revenue and Growth Rate (2017-2027)

5.9.       Voice recognition

5.9.1.  Global Voice recognition Revenue and Growth Rate (2017-2027)

5.10.    Other Types

5.10.1.      Global Other Types Revenue and Growth Rate (2017-2027)

6.       Biometric System Market, By Application

6.1.       Introduction

6.2.       Global Biometric System Revenue and Market Share by Application (2017-2027)

6.2.1.  Global Biometric System Revenue and Revenue Share by Application (2017-2027)

6.3.       Banking & financial sector

6.3.1.  Global Banking & financial sector Revenue and Growth Rate (2017-2027)

6.4.       IT & telecommunication

6.4.1.  Global IT & telecommunication Revenue and Growth Rate (2017-2027)

6.5.       Public sector

6.5.1.  Global Public sector Revenue and Growth Rate (2017-2027)

6.6.       Healthcare

6.6.1.  Global Healthcare Revenue and Growth Rate (2017-2027)

6.7.       Other Application

6.7.1.  Global Other Application Revenue and Growth Rate (2017-2027)

7.       Biometric System Market, By Region

7.1.       Introduction

7.2.       Global Biometric System Revenue and Market Share by Regions

7.2.1.  Global Biometric System Revenue by Regions (2017-2027)

7.3.       North America Biometric System by Countries

7.3.1.  North America Biometric System Revenue and Growth Rate (2017-2027)

7.3.2.  North America Biometric System Revenue by Countries (2017-2027)

7.3.3.  North America Biometric System Revenue (Million USD) by Countries (2017-2027)

7.3.4.  U.S.

7.3.4.1.    United States Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.5.  Canada

7.3.5.1.    Canada Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Mexico

7.3.6.1.    Mexico Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Biometric System by Countries

7.4.1.  Europe Biometric System Revenue and Growth Rate (2017-2027)

7.4.2.  Europe Biometric System Revenue by Countries (2017-2027)

7.4.3.  Europe Biometric System Revenue (Million USD) by Countries (2017-2027)

7.4.4.  Germany

7.4.4.1.    Germany Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.5.  UK

7.4.5.1.    UK Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  France

7.4.6.1.    France Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  Russia

7.4.7.1.    Russia Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Italy

7.4.8.1.    Italy Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Rest of Europe

7.4.9.1.    Rest of Europe Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Biometric System Revenue and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Biometric System Revenue by Countries (2017-2027)

7.5.3.  Asia-Pacific Biometric System Revenue (Million USD) by Countries (2017-2027)

7.5.4.  China

7.5.4.1.    China Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.5.  Japan

7.5.5.1.    Japan Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.5.2.     

7.5.6.  Korea

7.5.6.1.    Korea Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.7.  India

7.5.7.1.    India Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  Southeast Asia

7.5.8.1.    Southeast Asia Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Rest of Asia-Pacific

7.5.9.1.    Rest of Asia-Pacific Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.       South America

7.6.1.  South America Biometric System Revenue and Growth Rate (2017-2027)

7.6.2.  South America Biometric System Revenue by Countries (2017-2027)

7.6.3.  South America Biometric System Revenue (Million USD) by Countries (2017-2027)

7.6.4.  Brazil

7.6.4.1.    Brazil Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.5.  Argentina

7.6.5.1.    Argentina Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Columbia

7.6.6.1.    Columbia Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Rest of South America

7.6.7.1.    Rest of South America Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Biometric System Revenue and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Biometric System Revenue by Countries (2017-2027)

7.7.3.  Middle East and Africa Biometric System Revenue (Million USD) by Countries (2017-2027)

7.7.4.  Saudi Arabia

7.7.4.1.    Saudi Arabia Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.5.  United Arab Emirates

7.7.5.1.    United Arab Emirates Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  Egypt

7.7.6.1.    Egypt Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7.  Nigeria

7.7.7.1.    Nigeria Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  South Africa

7.7.8.1.    South Africa Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  Rest of Middle East and Africa

7.7.9.1.    Rest of Middle East and Africa Biometric System Revenue (Millions USD) and Growth Rate (2017-2027)

8.       Company Profiles

8.1.       3M

8.1.1.  Business Overview

8.1.2.  Type Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       NEC Corp

8.2.1.  Business Overview

8.2.2.  Type Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       ImageWare Systems Inc

8.3.1.  Business Overview

8.3.2.  Type Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       Bio-Key International

8.4.1.  Business Overview

8.4.2.  Type Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Suprema

8.5.1.  Business Overview

8.5.2.  Type Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       Thales Group

8.6.1.  Business Overview

8.6.2.  Type Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       Precise Biometrics

8.7.1.  Business Overview

8.7.2.  Type Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       FUJITSU FRONTECH LTD

8.8.1.  Business Overview

8.8.2.  Type Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       Safran

8.9.1.  Business Overview

8.9.2.  Type Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

9.       Global Biometric System Market Competition, by Manufacturer

9.1.       Global Biometric System Revenue and Market Share by Manufacturer (2017-2017)

9.2.       Global Biometric System Price by Region (2017-2017)

9.3.       Top 5 Biometric System Manufacturer Market Share

9.4.       Market Competition Trend

10.   Biometric System Market Forecast (2027-2023)

10.1.    Global Biometric System Revenue (Millions USD) and Growth Rate (2027-2023)

10.2.    Biometric System Market Forecast by Regions (2027-2023)

10.2.1.      North America Biometric System Market Forecast (2027-2023)

10.2.1.1. United States Biometric System Market Forecast (2027-2023)

10.2.1.2. Canada Biometric System Market Forecast (2027-2023)

10.2.1.3. Mexico Biometric System Market Forecast (2027-2023)

10.2.2.      Europe Biometric System Market Forecast (2027-2023)

10.2.2.1. Germany Biometric System Market Forecast (2027-2023)

10.2.2.2. United Kingdom Biometric System Market Forecast (2027-2023)

10.2.2.3. France Biometric System Market Forecast (2027-2023)

10.2.2.4. Russia Biometric System Market Forecast (2027-2023)

10.2.2.5. Italy Biometric System Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Biometric System Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Biometric System Market Forecast (2027-2023)

10.2.3.1. China Biometric System Market Forecast (2027-2023)

10.2.3.2. Japan Biometric System Market Forecast (2027-2023)

10.2.3.3. Korea Biometric System Market Forecast (2027-2023)

10.2.3.4. India Biometric System Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Biometric System Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Biometric System Market Forecast (2027-2023)

10.2.4.      South America Biometric System Market Forecast (2027-2023)

10.2.4.1. Brazil Biometric System Market Forecast (2027-2023)

10.2.4.2. Argentina Biometric System Market Forecast (2027-2023)

10.2.4.3. Columbia Biometric System Market Forecast (2027-2023)

10.2.4.4. Rest of South America Biometric System Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Biometric System Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Biometric System Market Forecast (2027-2023)

10.2.5.2. UAE Biometric System Market Forecast (2027-2023)

10.2.5.3. Egypt Biometric System Market Forecast (2027-2023)

10.2.5.4. Nigeria Biometric System Market Forecast (2027-2023)

10.2.5.5. South Africa Biometric System Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Biometric System Market Forecast (2027-2023)

10.3.    Biometric System Market Forecast by Type (2027-2023)

10.3.1.      Global Biometric System Revenue Forecast by Type (2027-2023)

10.3.2.      Global Biometric System Revenue Market Share Forecast by Type (2027-2023)

10.4.    Biometric System Market Forecast by Application (2027-2023)

10.4.1.      Global Biometric System Revenue Forecast by Application (2027-2023)

10.4.2.      Global Biometric System Revenue Market Share Forecast by Application (2027-2023)

List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Biometric System Market.

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources
  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources
  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)
  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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