Global biometric authentication & identification market 2020 boasted array of opportunities and profited when the Coronavirus ripped through the world economy and financial markets. Now The Global Biometric Authentication & Identification Market is expected to grow at USD 82.9 Billion by 2030, at 14.10% of CAGR between 2022-2030. Market Research Future has accumulated the information in its latest reports observing COVID 19 situation. Organizations such as DHS (Homeland Security), mounting adoption of biometric authentication in banking and healthcare sector (e-banking and mobile payments) and surged security & convenience for consumers have ensured the fast growth of the Biometric industry.
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Top Market Players
The top players that are involved in Global Biometric Authentication & Identification market are Anviz Global, 3M Cogent, Aware INC, Apple INC, Cognitec Systems, Bio-Key International INC, Diamond Fortress Technologies, Crossmatch Technologies, Fujitsu Global, Fingerprint Cards AB, and Synaptics INC.
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While COVID-19 pandemic continues to cripple, the study of the Global biometric authentication & identification market is conducted through segments— modality, motility, application.
The modality segment includes classification of biometric systems, market statistics, and multimodal biometric systems.
The segment of motility includes fixed and mobile.
The segment of application includes banking and financial institutions, enterprise, consumer electronics, government, healthcare, retail and commerce.
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Regionally, Asia-Pacific will experience the highest growth owing to surged government spending on biometric-authorized applications, thus will boost Global biometric authentication & identification market in future.
North America led the global biometric authentication & identification market with the largest market share, accounting millions and is expected to grow over the exiting value by 2027.
The European market for biometric authentication & identification is likely to inflate at elevated GAGR.