Biometrics System Market is expected to reach $48.1 Billion by 2025 – An exclusive market research report by Lucintel

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Biometrics System Market is expected to reach $48.1 Billion by 2025 – An exclusive market research report by Lucintel

Biometrics System Market is expected to reach $48.1 Billion by 2025 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Biometrics System Market
Trends, opportunities and forecast in this market to 2025 by type (physiological and behavioral), by technology (fingerprint, AFIS, iris recognition, facial recognition, hand geometry, vein recognition, signature recognition, voice recognition, and others), by end use industry (government and law enforcement, commercial and retail, health care, travel and immigration, financial and banking, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that biometrics system provides attractive opportunities in the government, commercial, healthcare, and banking sector. The biometrics system market is expected to reach $48.1 billion by 2025 with a CAGR of 14.5%. In this market, AFIS is the largest segment by technology, whereas government and law enforcement is largest by end use industry. Development of advanced biometric modalities, such as body odor, ear pattern, and lip biometrics and increasing use of advanced biometric sensors provides strategic growth path in this market.

Download Brochure of this report by clicking on https://www.lucintel.com/biometric-system-market-2020-2025.aspx   Based on technology, the biometrics system market is segmented into fingerprint, AFIS, iris recognition, facial recognition, hand geometry, vein recognition, signature recognition, voice recognition, and others. The AFIS segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing demand in various law enforcement and civil applications. The voice recognition technology segment is expected to experience the highest growth during the forecast period, supported by the by increasing demand from the banking and finance sector in addition to the healthcare sector.

Browse in-depth TOC on “Biometrics System Market”

64 – Tables

87 – Figures

176 – Pages

The biometrics system market is marked by the presence of several big and small players. Some of the prominent players offering biometrics system include Safran SA, NEC Corporation, 3M Cogent, Precise Biometrics, and Fujitsu Ltd.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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