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Biometric Systems Market size worth $ 128.17 Billion, Globally, by 2030 at 13.4% CAGR: Verified Market Research®Advancements in Biometric Systems, increased demand for authentication and identification, security surveillance, increasing adoption from BFSI and automotive industries, are some of the factors to lead Biometric Systems Market growth. JERSEY CITY, N.J., May 18, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Biometric Systems Market" By Authentication Type (Single Factor Authentication, Multi Factor Authentication), By Functionality Type (Contact, Non-Contact), By End-User (Government, Military And Defense), and By Geography. According to Verified Market Research, the Global Biometric Systems Market size was valued at USD 39.95 Billion in 2021 and is projected to reach USD 128.17 Billion by 2030, growing at a CAGR of 13.4% from 2022 to 2030.  Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=3773 Browse in-depth TOC on "Biometric Systems Market" 202 - Pages Global Biometric Systems Market Overview The increasing demand for security and surveillance owing to the emergence of factors such as the threat of terrorist attacks is the major factor for fueling the growth of the market. In addition, the growing utilization of biometrics as the security identity management in the IT organizations, and healthcare sectors is another factor propelling the growth of the market. Moreover, the rising government initiatives for promoting the adaption of biometrics impose a positive outlook on the market growth. Many government-led initiatives have made it compulsory for every individual to register themselves in systems that are biometric. The driver for the Biometric Systems Market is to identify every individual with their own personal behavioral and physical characteristics. This helps to differentiate individuals and decrease the chances of fraud. In companies, employees are allowed to gain access only through biometric systems. These systems are secure, and convenient and are superior identification devices. The human resource department in various organizations is a key factor that is projected to fuel the growth of the Global Biometric Systems Market. Recently new and advanced technology has also led to the use of biometric systems in smartphones to identify the owner of the phone and only then allow the phone to be unlocked. This helps protect the privacy of an individual. With more demand for these phones, the Biometric Systems Market is expected to grow. The use of biometric systems for criminal identification is also meant to propel the demand for the global Biometric Systems Market. Key Developments
The major players in the market are NEC, Fujitsu, Cognitec Systems, Aware, ASSA Abloy, Precise Biometrics, Safran, Secunet Security Networks, Stanley Black & Decker, and Thales. Verified Market Research has segmented the Global Biometric Systems Market On the basis of Authentication Type, Functionality Type, End-User, and Geography.
Browse Related Reports: Voice Biometrics Market By Type (Active Voice Biometrics, Passive Voice Biometrics), By Application (Access Control And Authentication, Fraud Detection And Prevention), By End-User (BFSI, Government And Defense, Telecom And IT), By Geography, Forecast, 2021-2028 Biometric Market By Functionality Type (Combined, Contact and Non-contact), By End-User (Government, Military & Defense, Electronics Healthcare, Banking & Finance), By Geography, Forecast, 2021-2028 Biometric Identification Market By Component (Hardware, Software, Services), By End-User (Travel And Immigration, Government, Banking And Finance, Automotive), By Geography, Forecast, 2021-2028 Biometrics and Identity Management Market By Product (Fixed, Mobile), By Application (Retail and Commerce, Healthcare, Enterprise, Banking and Financial Institutions, Consumer Electronics, Government), By Geography, Forecast, 2021-2028 Top 10 Access Control And Authentication Companies improving security at breakneck speed Visualize Biometric Systems Market using Verified Market Intelligence:-: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research. We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries. Contact Us Mr. Edwyne Fernandes Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg
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