The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Biometric Technologies Global Market Report 2024 offers crucial insights into the biometric technologies market help businesses analyse and build stronger strategies.

Introduction:

The biometric technologies market has experienced significant growth in recent years, with forecasts indicating continued expansion. Let’s delve into the factors driving this growth and the trends shaping the future of this dynamic industry.

Rapid Growth Trajectory:

• From $52.65 billion in 2023 to $59.76 billion in 2024 at a CAGR of 13.5%.
• Expected to reach $100.26 billion in 2028 at a CAGR of 13.8%.

Historical Factors Driving Growth:

• Increasing cybersecurity threats.
• Rising concerns about security.
• Adoption in healthcare for patient identification.
• Use in time and attendance systems.
• Use in border control and immigration.

Future Growth Drivers:

• Emergence of wearable biometric devices.
• Integration with smart cities initiatives.
• Focus on user convenience.
• Growth in remote authentication.
• Use in aviation and travel security.

Major Trends in Forecast Period:

• Integration with artificial intelligence (AI).
• Expansion in mobile biometrics.
• Multi-modal biometrics adoption.
• Remote authentication solutions.
• Blockchain integration for enhanced security.

Biometric Technology Market Thrives On The Surge In Consumer Electronics Integration:

• Adoption of biometric technologies in consumer electronics is driving market growth.
• Consumer electronics increasingly incorporate biometric technology for safety and additional features.
• Cisco Duo’s 2022 Trusted Access Report highlights the integration of biometrics in phones and increased transactions utilizing multi-factor authentication.

Technological Advancements Driving Market Growth:

• Major companies focus on developing innovative solutions using artificial intelligence.
• Example: Touchless Biometric Systems (TBS) introduces 3D Fly sensor for superior recognition performance.
• Integration of AI in biometric solutions enhances efficiency and accuracy.

Read The Full Biometric Technologies Market Report Here:

https://www.thebusinessresearchcompany.com/report/biometric-technologies-global-market-report

Prove Identity Expands Authentication Capabilities:

• Prove Identity Inc. acquires UnifyID, expanding authentication techniques.
• Enhanced push authentication with private and secure location intelligence.
• Integration of passive, dynamic mobile behavioral biometrics.

Market Segmentation:

The biometric technologies market is segmented based on various factors:

1. Offering: Hardware, Software
2. Type: Contact-Based, Contact-Less, Hybrid
3. Authentication Type: Single-Factor Authentication, Multi-Factor Authentication
4. Application: Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS, Other Applications
5. Vertical: Government, Consumer Electronics, Military And Defense, Healthcare, Banking And Finance, Travel And Immigration, Automotive, Security, Other Verticals

Asia-Pacific Dominates Market Share:

• Asia-Pacific was the largest region in the biometric technologies market in 2023.
• Rapid technological advancements and increasing adoption drive growth in the region.

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The Biometric Technologies Global Market Report 2024  provides a comprehensive outlook of the biometric technologies market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biometric technologies market forecast offers a thorough analysis on biometric technologies market size, biometric technologies market share, prominent players and their strategies.

The Table Of Content For The Biometric Technologies Market Include:
1. Biometric Technologies Market Executive Summary
2. Biometric Technologies Market Segments
3. Biometric Technologies Market Size And Biometric Technologies Market Growth Rate
4. Key Biometric Technologies Market Trends
5. Major Biometric Technologies Market Drivers
……
25. Key Mergers And Acquisitions In The Biometric Technologies Market
26. Top Biometric Technologies Companies
27. Biometric Technologies Market Opportunities And Strategies
28. Biometric Technologies Market, Conclusions And Recommendations
29. Appendix

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