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Biometric Market is expected to generate a revenue of USD 123.25 Billion by 2030, Globally, at 13.2% CAGR: Verified Market Research®The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Biometric Market. JERSEY CITY, N.J., Jan. 23, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Biometric Market" By Functionality Type (Combined, Contact and Non-contact), By End-User (Government, Military & Defense, Electronics Healthcare, Banking & Finance), and By Geography. 
As per the deep research carried out by Verified Market Research®, the global Biometric Market size was valued at USD 40.09 Billion in 2021 and is projected to reach USD 123.25 Billion by 2030, growing at a CAGR of 13.2% from 2023 to 2030. Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=31051 Browse in-depth TOC on "Biometric Market" 202 - Pages 126 – Tables 37 – Figures Global Biometric 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, healthcare sectors are 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. However, the huge cost of deployment is expected to hamper the market growth. Biometric technology is becoming more widely used in businesses to provide increased convenience, secure identity management, and superior human resource management. When compared to traditional security systems that rely on passwords, PINs, or smart cards, biometric systems are thought to be more rapid, convenient, and secure. International terrorism, criminal organizations, and illegal migration linked to identity theft and document fraud have all been facilitated by these systems. Additionally, biometric systems are easy to set up and don't require complicated operations. The adoption of the e-passport, voter registration in low literacy economies, ration card registration, and identifying individuals of interest have resulted in growing usage of the technology across the government sector. For example, India's national ID program, Aadhar, is one of the world's largest biometric databases, allowing government agencies to provide retail services without the need for burdensome paper-based methods or the physical presence of an officer at a specific location. Likewise, fingerprints are increasingly being employed in the educational and commercial sectors to preserve employee attendance, time, and work-check, resulting in their widespread adoption. Fingerprint technology is also utilized to identify students and employees in cashless vending machines. Increased new technologies defined by accuracy and reduced implementation costs are expected to boost the Biometric Market. Emerging technolgies such as electroencephalograms and electrocardiograms are projected to boost the market. These technologies trace the unique nature of an individual's heart and brain patterns, allowing for enhanced fraud resistance. Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Biometric Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. Key Players The "Global Biometric Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Fujitsu, Cognitec Systems, Aware, ASSA Abloy, Precise Biometrics, Safran, Secunet Security Networks, Stanley Black & Decker, NEC Corporation, and Thales. Based on the research, Verified Market Research® has segmented the global Biometric Market into Functionality Type, End-User, and Geography.
Browse Related Reports: Behavioral Biometrics Market By Component (Software, Services), By Application (Identity Proofing, Continuous Authentication), By Vertical (BFSI, Retail And E-commerce), By Geography, And Forecast 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), By Geography, And Forecast Contactless Biometrics Technology Market By Technology (Contactless Fingerprint Technology, Facial Recognition), By Application (Identity Verification, Payments And Transactions), By Geography, And Forecast Voice Biometric Solutions Market By Product (Automatic Speech Recognition Software, Speech-to-text Systems), By Application (Consumer Electronics, BFSI, It & Telecom, Healthcare, Consumer Electronics), By Geography, And Forecast Best Fingerprint Sensor Companies implementing robust security solutions across networks Visualize Biometric Market using Verified Market Intelligence -: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in 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, 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 SMEs 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 Semiconductors & 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.
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