Global Biometrics Market is expected to reach $76.64 billion by 2027 growing at a CAGR 18.0% during 2018 to 2027.

Some of the key players in Biometrics Market include ASSA Abloy, Aware, Bio-Key International, Cognitec Systems, Daon, Facebanx, Fujitsu, Fulcrum Biometrics, NEC, Precise Biometrics, Safran, Securiport, Stanley Black & Decker and Thales.

Some of the key factors such as need for security owing to threats of terrorist attacks and growing need for surveillance are driving the market growth during the forecast period. However, high deployment cost is the restraining factor for the growth of the market.

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Biometrics is the term used to define metrics related to human characteristics. Biometrics authentication or realistic authentication is used in computer science as a form of identification and access control. It is also used to recognize individuals in groups that are below surveillance.

By authentication type, voice recognition is supposed to witness significant growth due to the consumer likes for a safer identity mechanism. Technological advancement in biometrics and the growing popularity of voice recognition biometrics in the BFSI sector will propel market growth of this segment during the forecast period.

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On the basis of geography, North America is anticipated to hold considerable market share during the estimate period due to the rapid digitalization and increasing popularity of smart technology. The growing government initiatives in countries such as Canada and US also fuel the market in this region.

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Functionality Types Covered:
• Combined
• Noncontact
• Contact

Authentication Types Covered:
• Multi-Factor Authentication
• Single-Factor Authentication

Offerings Covered:
• Software
• Hardware

End Users Covered:
• Automotive & Transportation
• Government
• Travel
• Defense
• Consumer Goods & Electronics
• Healthcare & Life Sciences
• Banking & Finance Services and Insurance (BFSI)
• Security
• Offices & Industrial
• Information Technology
• Aerospace
• Agriculture
• Building, Construction & Real Estate
• Chemicals & Advanced Material
• Energy & Utilities
• Semiconductor
• Food & Beverage
• Packaging
• Retail

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 88954124