What is the global market size of Biometrics Market?

Biometrics Market size was valued at USD 33.18 billion in 2021 and is poised to grow from USD 39.15 billion in 2022 to USD 127.32 billion by 2030, growing at a CAGR of 14.1% in the forecast period (2023-2030).

What is the key driver of Global Biometrics Market?

Consumer electronics manufacturers, including smartphones, tablets, laptops, and home automation devices, are eager to incorporate advanced features and functionalities into their products in order to attract more customers and expand their client base. End users are concerned about security as they adopt highly advanced connected devices and digital technologies to process critical information. As a result, today's consumers prefer to access bank accounts, email accounts, and other personal data such as medical records and financial information using devices that support biometric authentication. Similarly, biometric technology-based smartphones are increasingly being used to secure credentials for accessing buildings, doors, and IT systems, resulting in a better user experience and new opportunities for providers of portable access control solutions.

What is the key market trend for Global Biometrics Market?

One of the key market trends observed is a model shift in business discourse toward more privacy and fewer security threats. End users are increasingly seeking integrated solutions rather than relying on traditional methods.

Which region accounted for the largest share in Global Biometrics Market?

The global biometrics market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. During the forecast period, the market in APAC will grow at the fastest CAGR. China, Japan, India, Australia, South Korea, and the rest of APAC make up the APAC biometric system market. Because of the rapid economic growth in major countries such as China, Japan, India, and South Korea, the presence of prominent biometric system manufacturers such as Fujitsu and NEC Corporation is expected to contribute to this region's revenue share. The growth of the APAC biometric system market can also be attributed to technological advancements, increased public awareness of the use of biometric systems for security purposes, and lower costs of devices based on these technologies. Increasing mobile payment transactions, as well as increased private corporation and government initiatives to adopt biometric authentication systems, are expected to be major drivers for the region's biometrics market. China is at the forefront of the global digital payment revolution, according to the Center for Strategic and International Studies Report (CSIS) 2021.

Top Biometrics Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Biometrics Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Biometrics industry players.

Biometrics Market Competitive Landscape

The Biometrics Market is highly fragmented due to the presence of numerous vendors around the world, including NEC Corporation, Fujitsu Limited, Leidos Holdings Inc., Gemalto NV (Thales Group), and others. Biometrics solutions are increasingly being adopted by various end-user industries in the market. In addition, the vendors are making significant product developments in order to increase their market presence. The market also sees strategic alliances and acquisitions as a lucrative path to growth.

Biometrics Market Top Players Company Profiles

NEC Corporation (Japan)
3M Cogent, Inc.
Crossmatch Technologies
Fujitsu Limited
Safran Identity and Security (formerly Morpho)
Gemalto NV (Thales Group)
BIO-key International, Inc.
Aware, Inc.
HID Global Corporation
Suprema, Inc.
Synaptics Incorporated
Precise Biometrics AB
ZKTeco Inc.
Idex Biometrics ASA
Fingerprint Cards AB
NEXT Biometrics Group ASA
Daon, Inc.
ImageWare Systems, Inc.
IDEMIA (formerly known as OT-Morpho)
M2SYS Technology

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FAQs

Biometrics Market size was valued at USD 44.61 Billion in 2024 and is poised to grow from USD 50.9 Billion in 2025 to USD 146.23 Billion by 2033, growing at a CAGR of 14.1% during the forecast period (2026–2033).

Innovation and launch of new hardware components are slated to be the prime focus of all biometric technology providers. Targeting countries with high spending on security and high digital literacy can help biometric providers to maximize their business scope in the long run. Emphasis on integration of advanced technologies can also help market players stand out from their competition going forward. 'Fujitsu (Japan)', 'NEC Corporation (Japan)', 'Thales Group (France)', 'IDEMIA (France)', 'Leidos (USA)', 'ASSA ABLOY (Sweden)', 'Aware Inc. (USA)', 'BioEnable Technologies (India)', 'Phonexia (Czech Republic)', 'ImageWare Systems (USA)', 'Cognitec Systems (Germany)', 'BioID AG (Germany)', 'Hitachi (Japan)', 'Nuance Communications (USA)', 'M2SYS Technology (USA)', 'Gemalto (Thales Group)', 'SIC Biometrics (Canada)', 'Suprema (South Korea)', 'Dermalog Identification Systems (Germany)', 'ZKTeco (China)'

Use of Multimodal Biometrics: Biometrics companies should focus on integrating multimodal biometrics that use a combination of facial recognition, fingerprint scanning, voice authentication, and other biometric technologies to secure systems and devices. Such multimodal biometric solutions are expected to be high in demand in high security and critical data applications over the coming years.

North America is estimated to spearhead the global biometrics demand outlook in the future. Growing sophistication of cyberattacks, quick adoption of advanced biometrics technologies, and rising awareness regarding importance of proper security solutions are slated to help this region maintain its dominant stance going forward. Canada and the United States are slated to be the leading markets for biometric technology vendors owing to high spending on security by organizations operating in these countries. Adoption of biometrics technology in military & defense, BFSI, and government verticals is slated to shine bright in North America in the long run.

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Top Biometrics Companies

Biometrics Market Competitive Landscape

FAQs

What is the global market size of Biometrics Market?

Who are the key vendors in the Biometrics Market?

What is the key driver of Biometrics Market?

What is the key market trend for Biometrics Market?

Which region accounted for the largest share in Biometrics Market?

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