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Report Overview
The global biometrics market value reached USD 46.37 billion in 2023. The market is estimated to grow at a CAGR of 12.5% during 2024-2032 to reach a value of USD 134.90 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- According to the data issued in 2024, in China, 74 airports, representing 86% of the country’s international airports have biometric technology installed.
- By 2030, the global e-commerce sector is projected to reach USD 5.5 trillion compared to USD 1.3 trillion in 2019.
- In China, about 7,500 central and state government organizations, are using over 80,000 suspect biometric attendance systems.
Global Biometrics Market Players
The market players are focusing on providing advanced biometric solutions with improved security features and customer service
Fujitsu Ltd
Fujitsu is a global leader in providing technology and business solutions. Its business structure is aligned with the modern digital world. Headquartered in Japan, company offers its products and services to various industries including Automotive, Manufacturing, Retail, Financial Services, Transport, Public Sector, Energy and Utilities, and Customer Stories.
NEC Corporation
Founded in 1899, the company offers its products and services across various industries including Aerospace, Agriculture, Aviation, Broadcasting, Finance, Government, Healthcare, Logistics, Manufacturing, Retail, Telecom and Transportation.
M2SYS Technology
The company offers its solutions through its core divisions and products including Cloud Solutions, Biometric technology, Enterprise solutions, and Healthcare solutions. M2SYS is globally recognized for its leadership in digital transformation, with its identification and authentication solutions implemented in countries such as the USA (prison management), Egypt (military database), Bolivia (Prison management), Uganda (NS security fund), Oman (Military database), Turkey (national ID), etc.
Leidos Holdings Inc
Leidos is a leading innovation company addressing national security and health challenges. The company have a presence across various markets including Aviation, Defense, Energy, Government, Health, Homeland, Intelligence, Science, and Space.
Other notable players operating in the global biometrics market are Thales SA, Aware, Inc, Imageware Systems, Inc, Accu-Time Systems, Inc, S.I.C. Biometrics Global Inc, and Phonexia s.r.o, among others.
Biometrics Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for biometrics attained a value of USD 46.37 billion in 2023.
The market is estimated to grow at a CAGR of 12.5% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 134.90 billion by 2032.
The factors driving the market growth are increasing requirements for safety and security, rising technological advancements, and expansion of the government and law sector.
The key trends of the market include growing incidences of identity thefts, cybercrime, document fraud, and terrorism, increasing affordability of IP cameras, sensors and other smart devices, advancements in artificial intelligence (AI), and development of new markers in high-security applications.
The key regional markets for biometrics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different components are solution and services.
The key players in the market include Fujitsu Ltd, NEC Corporation, M2SYS Technology, Leidos Holdings Inc, Thales SA, Aware, Inc, Imageware Systems, Inc, Accu-Time Systems, Inc, S.I.C. Biometrics Global Inc, and Phonexia s.r.o, among others.
The biometric systems based on contact types are contact based, non-contact based, and hybrid.
The end uses are BFSI, government and law enforcement, commercial and retail, healthcare, travel and immigration, and others.
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