The increasing number of security breaches and extensive rise in the adoption of biometric systems in smartphones & IoT devices are the major factors influencing the market growth.
The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The Biometrics report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
The Global Biometrics Market is forecasted to be worth USD 99.63 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of facial recognition, fingerprint scans, iris recognition, and vein pattern recognition in smartphones & other IoT devices owing to its more accurate personal identification, reduced risks of security breaches, and huge overall growth of the IoT device industry.
Extensive growth in the smartphone usage and higher requirement of effortless & quick biometric security in smartphone and tablet devices have been a huge impulsive factor behind the growth of this market growth. Smartphone manufacturers have been investing enormously in the research & development of a various type of biometric techniques and implementing those in the smartphones & tablets.
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Revenue and cost profit analysis of major player dominating the Biometrics market
Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
Key players in the Biometrics market Baxter International, Nipro, B. Braun Melsungen, DaVita Healthcare Partners, Covidien, Dialysis Clinic, Fresenius Medical Care, Diversified Specialty Institute Holdings, Medical Components, Huaren Pharmaceutical, NephroPlus, Northwest Kidney Centers, Satellite Healthcare, NxStage Medical, Renal Services, Sandor, Sichuan Kelun Pharmaceutical, and U.S. Renal Care, among others.
Global Biometrics Market COVID-19 Analysis
The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Biometrics industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Biometrics market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Biometrics industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Biometrics market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Biometrics market and offers revenue estimations in a post-COVID-19 scenario.
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The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Biometrics market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
- Technology Outlook (Revenue: USD Billion; 2017-2027)
- Facial Recognition
- Fingerprint Recognition
- Voice Recognition
- Palm Recognition
- Iris Recognition
- Industry Vertical Outlook (Revenue: USD Billion; 2017-2027)
- Government and Defense
- Healthcare and Life Sciences
- Law Enforcement
- Human Resources
- Retail and E-commerce
- IT and Telecommunication
- Banking, Financial services, and Insurance (BFSI)
- Applications Outlook (Revenue: USD Billion; 2017-2027)
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
- Component Outlook (Revenue: USD Billion; 2017-2027)
- System Type Outlook (Revenue: USD Billion; 2017-2027)
- Unimodal Biometric Systems
- Multimodal Biometric Systems
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Key Geographical Segments Analyzed in the Report:
- North America (U.S., Canada)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Contents:
- Chapter 1 includes an introduction of the global Biometrics market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.