This is due to the increasing awareness of the benefits of biometric authentication solutions and the growing availability of cost-effective cloud-based biometric-as-a-service solutions...
ATTRIBUTE, DETAILS ; Study Period, 2018-2029 ; Base Year, 2021 ; Estimated Year, 2022
The global biometric sensors market size is expected to reach $3.31 billion by 2030 from $1.16 billion in 2020, growing at a CAGR of 11.8% from 2021 to 2030. A biometric sensor converts a biometric characteristic of an individual, such as face, fingerprint, voice, and others, into an electrical signal. Such sensors are used to identify, verify, and authenticate identity via biometric technology with the help of specialized hardware. Biometric sensors are compact in design; therefore, they can be easily installed in devices. The biometric sensor ...
Biometric Technology Market Statistics, 2030 ; The global biometric technology market was valued at $34,950.35 million in 2020, and is projected to reach $1,27,322.12 million by 2030, growing at a CAGR of 14.1% from 2021 to 2030. Biometric devices are used for security identification and authentication. These devices can recognize a user and then correctly prove whether the identified user holds the identity they claim to have. Biometric security systems use automated techniques, in which human intervention is reduced to the minimum to recogniz ...
Automotive Biometric Market Overview: The global automotive biometric market was valued at $476 million in 2017, and is expected to reach at $1,128 million by 2024, growing at a CAGR of 12.0% from 2018 to 2024. Automotive Biometrics is an electronic device utilized for identification and authentication in vehicles for number of applications mainly, vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring. Biometric systems could be in any form such as fingerprint scanner, facial recognition, voice recogniti ...
Biometric Banking Market Research, 2032 ; The global biometric banking market was valued at $5 billion in 2022, and is projected to reach $23.6 billion by 2032, growing at a CAGR of 17.2% from 2023 to 2032. Biometrics is an automated method of identifying customers with the help of biological characteristics and traits like iris, voice recognition, and fingerprints. This characteristic is unique for every individual and not easy to forge into. This technology is rising as an advanced layer to ma...
Increasing adoption of Biometric-as-a-Service (BaaS) is a huge opportunity for the market of biometric systems by scaling the cost-effective solution for organizations of all sizes. BaaS...
This statistic shows the average cost of biometric apps, paid either by downloader or by provider, worldwide from 2016 to 2022.
Key Takeaways ; Based on application, the access control sub-segment emerged as the global leader in 2022 and the payments sub-segment is anticipated to be the fastest growing during the forecast period. ; Based on end user, the retail sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years. ; Based on region, North America registered the highest market share in 2022 and Asia-Pacific is predicted to show the fastest growth in the upcoming years.
Biometric voter registration implicates using biometric technology (capturing unique physical... the biometric templates for all voters. A biometric voting project might include introducing...