The research report titled ‘GLOBAL BIOMETRICS MARKET 2019-2027’, available with Market Study Report, predicts the global biometrics market to register a y-o-y growth rate 19.87% during 2019-2027.  
 

According to industry experts, global biometrics market forecast is primarily driven by rising safety & security concerns. Spike in identity threats and related costs, along with proliferation of mobile devices such as smartphones and tablets are adding considerable traction to the industry growth. Besides, application of biometrics in e-passports has led to decline in thefts, trans-border crimes, and illegal immigration. In addition, benefits like privacy protection and secured authentication are encouraging the use of biometrics in e-commerce industry.  
 

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For the uninitiated, biometrics are utilized for identifying and verifying information of an individual by analysing their personal features or behavioural characteristics, making it a highly preferred option over traditional PIN-based methods. This technology is used to secure personal/sensitive data from unauthorized access. As biometric identification is difficult to bypass, it is witnessing an increased adoption, thereby positively impacting global biometrics market outlook.
 

On the contrary, global biometrics industry dynamics are plagued by high technology cost and complexities in integration into existing software. Besides, technical limitations and data security & privacy concerns are further hampering the industry growth.
 

Based on type, worldwide biometrics industry share is divided into fixed and mobile. In terms of end-user spectrum, the market is fragmented into government, BFSI, transportation, healthcare, IT & telecommunication, retail, and others. Speaking of technology terrain, the industry is classified into iris recognition, fingerprint recognition, facial recognition, vein analysis, hand geometry, voice recognition, gait, DNA analysis, EEG/ECG, and others.
 

As per the regional analysis, global biometrics market size spans across North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Reliable sources cite that North America is anticipated to grab considerable market share over the forecast period. The growth is creditable to mounting number of daily online transactions, high internet penetration in Canada and United States, and booming e-commerce sector in the region. Apart from this, favourable policies for cloud computing, and strong presence of tech giants like Microsoft, Google, and Amazon are accelerating the expansion of biometrics industry in North America.
 

Key players influencing global biometrics market trends are Siemens AG, Nuance Communications, Idemia France S.A.S (Safran Identity & Security S.A.S), M2SYS Technologies, Inc., NEC Corp., Imageware Systems, Iris ID Systems, Inc., HID Global Corp., Fulcrum Biometrics LLC, Gemalto N.V., Fujitsu Ltd., Crossmatch Technologies, Inc. (acquired by HID Global), Fingerprint Cards AB, Aware, Inc., and Bio-Key International, Inc.