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Biometric Technology Market by Technology (Face, Signature, Hand Geometry, Voice, and Others), for Industry Vertical (Government, Defence & Security, Banking and Finance, Consumer Electronics, and Healthcare) and by Region – Global Trends and Forecast Analysis, 2018-2025

Publish Date: January 2020 | Format :PDF/Excel | Category: ICT | Pages :104

Biometric is used to have advance security by analysing personal traits like finger-print, voice recognition, face, iris, palm print, and vascular pattern. It forms a strong secure system unlike the traditional PIN based systems.

Market Insights and Dynamics

The global biometric technology market is projected to reach USD 49 Billion by 2025 at a CAGR of around 20% during the forecasted period. The global biometric technology market is driven by the need of advanced security systems to avoid breach of confidential information, ATM cards, networks, and access to desktops. Also higher usage of e-passport and e-visas are the driving factor for the growth of global biometric technology market. The major players in the market have got opportunity to operate in the field of e-commerce and cloud computing which are flourishing currently. The usage of biometric technology has reduced frauds as compared to usage of PINs. Many organizations and colleges use biometric technology for employee/student identification and attendance, which is increasing usage in in day-to-day life and thus stimulating the growth of the biometric technology market. Higher adoption rate is seen in BFSI sector where security is prime concern and organizations need to incur huge loss if any frauds occur. Growth of online banking is creating need of proper verification to access respective accounts. Biometric technology has undergone changes ad gave rise to the advent of multimodal biometrics (combination of multiple biometric modalities) which is largely used in sectors where high security needed. The high cost that incurs in setting up the biometric system is restraining the market growth. However, prices are likely to reduce due to the competitiveness and economy of scale. The global biometric technology market is segmented on the basis of technology, industry vertical, and region.

Technology Segment Analysis:     

On the basis of technology, the biometric technology market is divided into face, signature, hand geometry, voice, and others. Fingerprint recognition is the widely used security system. It is used not only in organizations but also in phones, tablets, phablets, e-commerce platforms, and cloud computing. Growth of fingerprint recognition technology and iris technology follow the face recognition technology and is being highly adopted in defence, retail and consumer electronic sector.

Industry Vertical Segment Analysis:

Based on industry vertical, the global biometric technology market report is categorised into government, defence & security, banking and finance, consumer electronics, healthcare and others. The defence & security segment has the higher growth in comparison with other segments.

Region Segment Analysis:

The biometric technology market is analysed across five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. A rapid increase is seen in terms of revenue generation in North America. Asia- Pacific is anticipated to grow due to rapid increase in technology usage in China, India and Japan.

Competitive Scenario

The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global biometric technology market. Key players profiled in the report are Fujitsu Limited, 3M (Cogent), Hitachi, NEC Corporation, Suprema, Inc., FaceFirst, Nuance Communications, Precise Biometrics, BIO-key International, Inc., and Thales S.A.

Chapter 1 Introduction

1.1. Research Objective

1.2. Market Introduction

1.3. Market Segmentation

1.4. Report Highlights

Chapter 2 Research Scope & Methodology

2.1. Report Scope

2.2. Market Research Methodology

2.2.1. Data Mining

2.2.2. Data Analysis

2.2.3. Data Validation

2.2.4. Secondary Research

2.2.5. Primary Research

2.2.6. Model

2.3. Market Size Estimation

Chapter 3 Executive Summary

Chapter 4 Biometric Technology Market Size

4.1. Global Biometric Technology Market Size (USD Billion) and Growth Rate (%) Analysis, 2018-2025

Chapter 5 Market Dynamics

5.1. Market Drivers

5.1.1. Global Biometric Technology Market Drivers: Impact Analysis

5.1.2. Need of advanced security systems to avoid breach of confidential information

5.1.3. Higher usage of e-passport and e-visas

Chapter 6 Market Restrains

6.1.1. Global Biometric Technology Market Restraints: Impact Analysis

6.1.2. High cost that incurs in setting up the biometric system

6.2. Market Opportunities

6.2.1. Opportunity 1

6.2.2. Opportunity 2

6.3. Value Chain Analysis

6.4. Porter's Five Forces Analysis

6.4.1. Threat of new entrants

6.4.2. Threat of substitutes

6.4.3. Bargaining power of customers

6.4.4. Bargaining power of suppliers

6.4.5. Industry rivalry

6.5. Regulatory Framework

6.6. Price Trend Analysis

Chapter 7 Biometric Technology Market Analysis, by Technology

7.1. Segment Overview

7.2. Biometric Technology Market Share (%), by Technology in 2019 & 2025

7.3. Market Attractiveness Analysis, by Technology

7.4. Face

7.4.1. Biometric Technology Market Analysis by Face, 2018-2025

7.5. Signature

7.5.1. Biometric Technology Market Analysis by Signature, 2018-2025

7.6. Hand Geometry

7.6.1. Biometric Technology Market Analysis by Hand Geometry, 2018-2025

7.7. Voice

7.7.1. Biometric Technology Market Analysis by Voice, 2018-2025

7.8. Others

7.8.1. Biometric Technology Market Analysis by Other, 2018-2025

Chapter 8 Biometric Technology Market Analysis, by Industry Vertical

8.1. Segment Overview

8.2. Biometric Technology Market Share (%), by Industry Vertical in 2019 & 2025

8.3. Market Attractiveness Analysis, by Industry Vertical

8.4. Government

8.4.1. Biometric Technology Market Analysis for Government, 2018-2025

8.5. Defence & Security

8.5.1. Biometric Technology Market Analysis for Defence & Security, 2018-2025

8.6. Banking and Finance

8.6.1. Biometric Technology Market Analysis for Banking and Finance, 2018-2025

8.7. Consumer Electronic

8.7.1. Biometric Technology Market Analysis for Consumer electronics, 2018-2025

8.8. Healthcare

8.8.1. Biometric Technology Market Analysis for Healthcare, 2018-2025

Chapter 9 North America Biometric Technology Market Analysis

9.1. North America Biometric Technology Market Overview

9.2. North America Biometric Technology Market Size, by Technology, 2018-2025

9.2.1. Face

9.2.2. Signature

9.2.3. Hand Geometry

9.2.4. Voice

9.2.5. Others

9.3. North America Biometric Technology Market Size, by Industry Vertical, 2018-2025

9.3.1. Government

9.3.2. Defence & security

9.3.3. Banking and Finance

9.3.4. Consumer electronics

9.3.5. Healthcare

9.4. North America Biometric Technology Market Size, by Country, 2018-2025

9.4.1. U.S.

9.4.2. Canada

9.4.3. Mexico

Chapter 10 Europe Biometric Technology Market Analysis

10.1. Europe Biometric Technology Market Overview

10.2. Europe Biometric Technology Market Size, by Technology, 2018-2025

10.2.1. Face

10.2.2. Signature

10.2.3. Hand Geometry

10.2.4. Voice

10.2.5. Others

10.3. Europe Biometric Technology Market Size, by Industry Vertical, 2018-2025

10.3.1. Government

10.3.2. Defence & security

10.3.3. Banking and Finance

10.3.4. Consumer electronics

10.3.5. Healthcare

10.4. Europe Biometric Technology Market Size, by Country, 2018-2025

10.4.1. UK

10.4.2. Germany

10.4.3. France

10.4.4. Russia

10.4.5. Rest of Europe

Chapter 11 Asia Pacific Biometric Technology Market Analysis

11.1. Asia Pacific Biometric Technology Market Overview

11.2. Asia Pacific Biometric Technology Market Size, by Technology, 2018-2025

11.2.1. Face

11.2.2. Signature

11.2.3. Hand Geometry

11.2.4. Voice

11.2.5. Others

11.3. Asia Pacific Biometric Technology Market Size, by Industry Vertical, 2018-2025

11.3.1. Government

11.3.2. Defence & security

11.3.3. Banking and Finance

11.3.4. Consumer electronics

11.3.5. Healthcare

11.4. Asia Pacific Biometric Technology Market Size, by Country, 2018-2025

11.4.1. China

11.4.2. Japan

11.4.3. India

11.4.4. South Korea

11.4.5. Australia

11.4.6. Rest of Asia Pacific

Chapter 12 Latin America Biometric Technology Market Analysis

12.1. Latin America Biometric Technology Market Overview

12.2. Latin America Biometric Technology Market Size, by Technology, 2018-2025

12.2.1. Face

12.2.2. Signature

12.2.3. Hand Geometry

12.2.4. Voice

12.2.5. Others

12.3. Latin America Biometric Technology Market Size, by Industry Vertical, 2018-2025

12.3.1. Government

12.3.2. Defence & security

12.3.3. Banking and Finance

12.3.4. Consumer electronics

12.3.5. Healthcare

12.4. Latin America Biometric Technology Market Size, by Country, 2018-2025

12.4.1. Brazil

12.4.2. Argentina

12.4.3. Rest of Latin America

Chapter 13 Middle East & Africa Biometric Technology Market Analysis

13.1. Middle East & Africa Biometric Technology Market Overview

13.2. Middle East & Africa Biometric Technology Market Size, by Technology, 2018-2025

13.2.1. Face

13.2.2. Signature

13.2.3. Hand Geometry

13.2.4. Voice

13.2.5. Others

13.3. Middle East & Africa Biometric Technology Market Size, by Industry Vertical, 2018-2025

13.3.1. Government

13.3.2. Defence & security

13.3.3. Banking and Finance

13.3.4. Consumer electronics

13.3.5. Healthcare

13.4. Middle East & Africa Biometric Technology Market Size, by Country, 2018-2025

13.4.1. Saudi Arabia

13.4.2. UAE

13.4.3. South Africa

13.4.4. Rest of MEA

Chapter 14 Competitive Landscape

14.1. Company Market Share Analysis, 2018

14.2. Competitive Scenario

14.2.1. New Product Launches

14.2.2. Regional Expansion and R&D Investments

14.2.3. Merger and Acquisitions

Chapter 15 Company Profiles

15.1. Fujitsu Limited

15.1.1. Company Details

15.1.2. Business Overview

15.1.3. Product Portfolio

15.1.4. Financials

15.1.5. Recent Developments

15.2. 3M (Cogent)

15.2.1. Company Details

15.2.2. Business Overview

15.2.3. Product Portfolio

15.2.4. Financials

15.2.5. Recent Developments

15.3. Hitachi

15.3.1. Company Details

15.3.2. Business Overview

15.3.3. Product Portfolio

15.3.4. Financials

15.3.5. Recent Developments

15.4. NEC Corporation

15.4.1. Company Details

15.4.2. Business Overview

15.4.3. Product Portfolio

15.4.4. Financials

15.4.5. Recent Developments

15.5. Suprema, Inc.

15.5.1. Company Details

15.5.2. Business Overview

15.5.3. Product Portfolio

15.5.4. Financials

15.5.5. Recent Developments

15.6. FaceFirst

15.6.1. Company Details

15.6.2. Business Overview

15.6.3. Product Portfolio

15.6.4. Financials

15.6.5. Recent Developments

15.7. Nuance Communications

15.7.1. Company Details

15.7.2. Business Overview

15.7.3. Product Portfolio

15.7.4. Financials

15.7.5. Recent Developments

15.8. Precise Biometrics

15.8.1. Company Details

15.8.2. Business Overview

15.8.3. Product Portfolio

15.8.4. Financials

15.8.5. Recent Developments

15.9. BIO-key International, Inc.

15.9.1. Company Details

15.9.2. Business Overview

15.9.3. Product Portfolio

15.9.4. Financials

15.9.5. Recent Developments

15.10. Thales S.A.

15.10.1. Company Details

15.10.2. Business Overview

15.10.3. Product Portfolio

15.10.4. Financials

15.10.5. Recent Developments

List of Tables

Table 1 Global Biometric Technology Market Drivers: Impact Analysis

Table 2 Global Biometric Technology Market Restraints: Impact Analysis

Table 3 North America Biometric Technology Market Size (USD Billion), by Technology, 2018-2025

Table 4 North America Biometric Technology Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 5 North America Biometric Technology Market Size (USD Billion), by Country, 2018-2025

Table 6 Europe Biometric Technology Market Size (USD Billion), by Technology, 2018-2025

Table 7 Europe Biometric Technology Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 8 Europe Biometric Technology Market Size (USD Billion), by Country, 2018-2025

Table 9 Asia Pacific Biometric Technology Market Size (USD Billion), by Technology, 2018-2025

Table 10 Asia Pacific Biometric Technology Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 11 Asia Pacific Biometric Technology Market Size (USD Billion), by Country, 2018-2025

Table 12 Latin America Biometric Technology Market Size (USD Billion), by Technology, 2018-2025

Table 13 Latin America Biometric Technology Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 14 Latin America Biometric Technology Market Size (USD Billion), by Country, 2018-2025

Table 15 Middle East & Africa Biometric Technology Market Size (USD Billion), by Technology, 2018-2025

Table 16 Middle East & Africa Biometric Technology Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 17 Middle East & Africa Biometric Technology Market Size (USD Billion), by Country, 2018-2025

List of Figures

Figure 1 Market Research Methodology

Figure 2 Global Biometric Technology Market Size and Growth Rate Analysis, 2018-2025

Figure 3 Value Chain Analysis

Figure 4 Porter's Five Forces Analysis

Figure 5 Price Trend Analysis

Figure 6 Biometric Technology Market Share (%), by Technology in 2019 & 2025

Figure 7 Market Attractiveness Analysis, by Technology

Figure 8 Biometric Technology Market Size, by Face, 2018-2025

Figure 9 Biometric Technology Market Size, by Signature, 2018-2025

Figure 10 Biometric Technology Market Size, by Hand Geometry, 2018-2025

Figure 11 Biometric Technology Market Size, by Voice, 2018-2025

Figure 12 Biometric Technology Market Size, by Others, 2018-2025

Figure 13 Biometric Technology Market Share (%), by Industry Vertical in 2019 & 2025

Figure 14 Market Attractiveness Analysis, by Industry Vertical

Figure 15 Biometric Technology Market Size, for Government, 2018-2025

Figure 16 Biometric Technology Market Size, for Defence & Security, 2018-2025

Figure 17 Biometric Technology Market Size, for Banking and Finance, 2018-2025

Figure 18 Biometric Technology Market Size, for Consumer Electronics, 2018-2025

Figure 19 Biometric Technology Market Size, for Healthcare, 2018-2025

Figure 20 North America Biometric Technology Market Size, 2018-2025

Figure 21 Europe Biometric Technology Market Size, 2018-2025

Figure 22 Asia Pacific Biometric Technology Market Size, 2018-2025

Figure 23 Latin America Biometric Technology Market Size, 2018-2025

Figure 24 Middle East & Africa Biometric Technology Market Size, 2018-2025

Figure 25 Company Market Share (%), 2018

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