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Biometrics Market Share

Report ID: GMI493
Published Date: Aug 2021
Report Format: PDF

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Biometrics Market Share

Key participant operating in the market are

Aware Inc.
Accenture PLC
ASSA ABLOY AB
Fujitsu Ltd.
Idemia
NEC Corporation
Nuance Communications Inc.
Thales Group
Stanley Convergent Security Solutions Inc.
Leidos Holdings
Megvi (Face++)

Industry leaders are focusing on innovating their biometrics and launching advanced solutions to accelerate their performance.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of biometrics surpassed USD 20 billion in 2020 and will expand at a CAGR of 13% between 2021 and 2027.

The UK market size will grow at a rate of 16% by 2027 driven by the surging adoption of facial recognition systems that ensure the precise authentication of individuals.

The Asia Pacific market accounted for 20% of revenue share in 2020 and will grow due to favorable government policies in countries such as South Korea, China, India, and Japan.

Major participants in the industry comprise Accenture PLC, Idemia, Aware, Inc., Nuance Communications, Inc., Leidos Holdings, Thales Group, Fujitsu Ltd., Stanley Convergent Security Solutions, Inc., and others.