Enjoy complimentary customisation on priority with our Enterprise License!
The biometrics market size is expected to grow by USD 38.11 billion at a CAGR of 15.2% between 2023 and 2028. Biometrics is a dynamic market, fueled by increasing demand for secure identification and authentication solutions, heightened security concerns, government initiatives, and technological advancements. Biometrics as a service refers to the use of unique physical or behavioral characteristics, such as fingerprints, facial recognition, iris scanning, or voice recognition, to verify or identify individuals. This market is experiencing significant growth due to its ability to offer enhanced security and convenience compared to traditional methods. Government initiatives, including the implementation of biometric identification systems for border control and national ID programs, are driving demand. Technological advancements, such as improved accuracy and speed of biometric sensors, are further boosting market growth. The biometrics market is poised for continued expansion as it adapts to evolving industry dynamics and meets the increasing demand for secure and efficient digital identity and security and authentication solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.