The global biometric authentication market was valued at USD XX million in 2018 and is expected to reach USD XX million in 2026, growing at a CAGR of 15.5% during the forecast period.
Biometric authentication is a security process of verifying individual’s identity using through unique biological characteristics. The entire biometric authentication architecture is the process of comparing and verifying biometric data that are stored in the database. The rising need for security across various end-use industries is the major driver for biometric authentication system. Furthermore, the rising demand for wearable technology, adoption of smartphones, and presence of a wide range of biometric solutions are further expected to drive the overall market demand. Further the growing technological advancements in biometric authentication and penetration of biometrics in consumer electronics such as tablets, speakers, smartphone and others are growing the demand for biometric authentication at exponential rate.
However, concern regarding biometric data security is a major factor slowing down the overall market. A breach of such biometric database is catastrophic, and all the individual’s personal data might be at risk. This is one of the factors that hampers the growth of biometric authentication market to some extent during the forecast period.
Biometric Authentication Market Segmentation |
|
| By Offerings | 1. Hardware |
| -Fingerprint Readers | |
| -Scanners | |
| -Cameras | |
| -Others | |
| 2. Software | |
| 3. Services | |
| By Deployment | 1. Web-Based |
| 2. iOS | |
| 3. Android | |
| 4. On-Premise | |
| By Technology | 1. Single-Factor Authentication |
| -Fingerprint Recognition | |
| -Iris Recognition | |
| -Palm Print Recognition | |
| -Face Recognition | |
| -Voice Recognition | |
| Others | |
| 2. Two-Factor Authentication | |
| 3. Multi-Factor Authentication | |
| By Functionality | 1. Contact Functionality |
| 2. Non-contact Functionality | |
| 3. Hybrid Functionality | |
| By Organization Size | 1. Individuals |
| 2. SME’s | |
| 3. Large Enterprises | |
| By End-use Industry | 1. Commercial Offices |
| 2. Public Institutions | |
| 3. Military & Defense | |
| 4. Healthcare | |
| 5. BFSI | |
| 6. Consumer Electronics | |
| 7. Travel & Immigration | |
| 8. Automotive | |
| 9. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The hardware segment expected to dominate the market throughout the forecast period
Based on offerings, the global biometric authentication market has been segmented into hardware, software and services. The hardware segment has been further segmented into fingerprint readers, scanners, cameras, and other hardware products. Fingerprint readers in the hardware segment is the most common and oldest modality. Fingerprint recognition devices are simple to install and are less expensive compared to other authentication devices. The software segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing usage of biometric authentication software across the end-use verticals.
Based on deployment, the web-based segment is expected to grow at a significant CAGR throughout the forecast period
Based on deployment, the global biometric authentication market has been segmented into web-based, iOS, android, and on-premise. On-Premises segment accounted for the highest market in 2018 and expected to show similar trend during forecast period. In an on-premises environment, enterprises retain all their data and are fully in control of what happens to it, for better or worse. Companies in highly regulated industries with extra privacy concerns are more likely to hesitate to leap into the cloud before others because of this reason.
Based on technology, the two-factor authentication segment is expected to grow at a significant rate during forecast period
Based on technology, the global biometric authentication market has been segmented into single factor authentication, two-factor authentication, and multi-factor authentication. The single factor authentication segment dominated the market in 2018 and is expected to display a similar trend in the coming years. However, the two-factor authentication has gained significant attention in recent years, owing to its high security levels and the adoption of the same in the military and defense sector. The segment is expected to witness significant growth in the coming years.
Based on functionality, the contact biometric system segment dominated the market in 2018
Based on the functionality, the global biometric authentication market is categorized into contact, non-contact and hybrid biometric systems. Non-contact and hybrid functionalities are the most attractive segments, owing to the rapid adoption of the same by individuals, small & medium enterprises, and by the large enterprises.
Based on End-use Industry, BFSI segment is expected to dominate during forecast
Based on the End-use Industry, the global biometric authentication market is categorized into commercial offices, public institutions, military & defense, healthcare, BFSI, consumer electronics, travel & immigration, automotive and others. Biometrics in banking has become an integral part of the security and verification systems. This transformational shift occurred owing to rapid digitization of banks and branches.
North America to dominate the biometric authentication market throughout the forecast period
North America accounted for the largest market share nearly 39.3% of the global biometric authentication market in 2018 and is expected to dominate the market throughout the forecast period. The growth is mainly attributed to the strong economy of U.S. and Canada. This enables them to invest substantially in public safety activities. Furthermore, with the rising adoption of smart technologies and digitalization have further propelled the growth of the biometric authentication market in this region. Asia Pacific is expected to register the highest CAGR in the global market during the forecast period. India has substantially contributed in the growth of the market and was valued at US$ 882.2 Mn in 2018 and expected to expand at a CAGR of 20.7% in 2026.
Company Profiles and Competitive Intelligence:
Some of the key player in the biometric authentication market are Fulcrum Biometrics, NEC Corporation, Thales Group (Gemalto), Cognitec Systems, Fujitsu Ltd., Precise Biometrics, Assa Abloy AB, Integrated Biometrics, Secunet Security Networks and among others
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Biometric Authentication Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Biometric Authentication Market
1.3. Market Dynamics
1.4. Global Biometric Authentication Market, by Segment, 2018
1.4.1. Global Biometric Authentication Market, by Offerings, 2018, (USD Million)
1.4.2. Global Biometric Authentication Market, by Deployment, 2018, (USD Million)
1.4.3. Global Biometric Authentication Market, by Technology, 2018, (USD Million)
1.4.4. Global Biometric Authentication Market, by Functionality, 2018, (USD Million)
1.4.5. Global Biometric Authentication Market, by Organization Size, 2018, (USD Million)
1.4.6. Global Biometric Authentication Market, by End-use Industry, 2018, (USD Million)
1.4.7. Global Biometric Authentication Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Biometric Authentication Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Biometric Authentication Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Rising usage of mobile biometric technology
2.2.2. Inclination towards cloud based biometric solutions
2.2.3. Rising usage of facial and voice recognition solutions
2.2.4. Rising number of internet and smartphone users
2.3. Market Restraints
2.3.1. Concern regarding security and privacy
2.4. Technical difficulties leading to starvation
2.5. Market Opportunities
2.5.1. The evolution of biometrics in the BFSI sector
2.5.2. Rising Number of Government Initiatives to adopt biometrics
2.5.3. Technological developments over the period
2.6. Industry Value Chain Analysis
2.7. SWOT Analysis
2.8. Porter’s Five Forces Analysis
Chapter 3 Global Biometric Authentication Market, by Offerings
3.1. Market Overview, by Offerings
3.1.1. Global Biometric Authentication Market, by Offerings, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Offerings, 2018
3.2. Hardware
3.2.1. Global Biometric Authentication Market, by Hardware, 2016-2026, (USD Million)
3.2.1.1. Fingerprint Readers
3.2.1.2. Scanners
3.2.1.3. Cameras
3.2.1.4. Others
3.3. Software
3.3.1. Global Biometric Authentication Market, by Software, 2016-2026, (USD Million)
3.4. Services
3.4.1. Global Biometric Authentication Market, by Services, 2016-2026, (USD Million)
Chapter 4 Global Biometric Authentication Market, by Deployment
4.1. Market Overview, by Deployment
4.1.1. Global Biometric Authentication Market, by Deployment, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Deployment, 2018
4.2. Web-Based
4.2.1. Global Biometric Authentication Market, by Web-Based, 2016-2026, (USD Million)
4.3. iOS
4.3.1. Global Biometric Authentication Market, by iOS, 2016-2026, (USD Million)
4.4. Android
4.4.1. Global Biometric Authentication Market, by Android, 2016-2026, (USD Million)
4.5. On-Premises
4.5.1. Global Biometric Authentication Market, by On-Premises, 2016-2026, (USD Million)
Chapter 5 Global Biometric Authentication Market, by Technology
5.1. Market Overview, by Technology
5.1.1. Global Biometric Authentication Market, by Technology, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by Technology, 2018
5.2. Single-Factor Authentication
5.2.1. Global Biometric Authentication Market, by Single-Factor Authentication, 2016-2026, (USD Million)
5.2.1.1. Fingerprint Recognition
5.2.1.2. Iris Recognition
5.2.1.3. Palm Print Recognition
5.2.1.4. Face Recognition
5.2.1.5. Voice Recognition
5.2.1.6. Others
5.3. Two-Factor Authentication
5.3.1. Global Biometric Authentication Market, by Two-Factor Authentication, 2016-2026, (USD Million)
5.4. Multi-Factor Authentication
5.4.1. Global Biometric Authentication Market, by Multi-Factor Authentication, 2016-2026, (USD Million)
Chapter 6 Global Biometric Authentication Market, by Functionality
6.1. Market Overview, by Functionality
6.1.1. Global Biometric Authentication Market, by Functionality, 2016-2026 (USD Million)
6.1.2. Incremental Opportunity, by Functionality, 2018
6.2. Contact Functionality
6.2.1. Global Biometric Authentication Market, by Contact Functionality, 2016-2026, (USD Million)
6.3. Non-contact Functionality
6.3.1. Global Biometric Authentication Market, by Non-contact Functionality, 2016-2026, (USD Million)
6.4. Hybrid Functionality
6.4.1. Global Biometric Authentication Market, by Hybrid Functionality, 2016-2026, (USD Million)
Chapter 7 Global Biometric Authentication Market, by Organization Size
7.1. Market Overview, by Organization Size
7.1.1. Global Biometric Authentication Market, by Organization Size, 2016-2026 (USD Million)
7.1.2. Incremental Opportunity, by Organization Size, 2018
7.2. Individuals
7.2.1. Global Biometric Authentication Market, by Individuals, 2016-2026, (USD Million)
7.3. SME’s
7.3.1. Global Biometric Authentication Market, by SME’s, 2016-2026, (USD Million)
7.4. Large Enterprises
7.4.1. Global Biometric Authentication Market, by Large Enterprises, 2016-2026, (USD Million)
Chapter 8 Global Biometric Authentication Market, by End-use Industry
8.1. Market Overview, by End-use Industry
8.1.1. Global Biometric Authentication Market, by End-use Industry, 2016-2026 (USD Million)
8.1.2. Incremental Opportunity, by End-use Industry, 2018
8.2. Commercial Offices
8.2.1. Global Biometric Authentication Market, by Commercial Offices, 2016-2026, (USD Million)
8.3. Public Institutions
8.3.1. Global Biometric Authentication Market, by Public Institutions, 2016-2026, (USD Million)
8.4. Military & Defense
8.4.1. Global Biometric Authentication Market, by Military & Defense, 2016-2026, (USD Million)
8.5. Healthcare
8.5.1. Global Biometric Authentication Market, by Healthcare, 2016-2026, (USD Million)
8.6. BFSI
8.6.1. Global Biometric Authentication Market, by BFSI, 2016-2026, (USD Million)
8.7. Consumer Electronics
8.7.1. Global Biometric Authentication Market, by Consumer Electronics, 2016-2026, (USD Million)
8.8. Travel & Immigration
8.8.1. Global Biometric Authentication Market, by Travel & Immigration, 2016-2026, (USD Million)
8.9. Automotive
8.9.1. Global Biometric Authentication Market, by Automotive, 2016-2026, (USD Million)
8.10. Others
8.10.1. Global Biometric Authentication Market, by Others, 2016-2026, (USD Million)
Chapter 9 Global Biometric Authentication Market, by Region
9.1. Market Overview, by Region
9.1.1. Global Biometric Authentication Market, by Region, 2016-2026, (USD Million)
9.2. Attractive Investment Opportunity, by Region, 2018
9.3. North America Biometric Authentication Market
9.3.1. North America Biometric Authentication Market, by Offerings, 2018, (USD Million)
9.3.2. North America Biometric Authentication Market, by Deployment, 2018, (USD Million)
9.3.3. North America Biometric Authentication Market, by Technology, 2018, (USD Million)
9.3.4. North America Biometric Authentication Market, by Functionality, 2018, (USD Million)
9.3.5. North America Biometric Authentication Market, by Organization Size, 2018, (USD Million)
9.3.6. North America Biometric Authentication Market, by End-use Industry, 2018, (USD Million)
9.3.7. United States Biometric Authentication Market, 2016-2026 (USD Million)
9.3.8. Canada Biometric Authentication Market, 2016-2026 (USD Million)
9.4. Europe Biometric Authentication Market
9.4.1. Europe Biometric Authentication Market, by Offerings, 2018, (USD Million)
9.4.2. Europe Biometric Authentication Market, by Deployment, 2018, (USD Million)
9.4.3. Europe Biometric Authentication Market, by Technology, 2018, (USD Million)
9.4.4. Europe Biometric Authentication Market, by Functionality, 2018, (USD Million)
9.4.5. Europe Biometric Authentication Market, by Organization Size, 2018, (USD Million)
9.4.6. Europe Biometric Authentication Market, by End-use Industry, 2018, (USD Million)
9.4.7. United Kingdom Biometric Authentication Market, 2016-2026 (USD Million)
9.4.8. Germany Biometric Authentication Market, 2016-2026 (USD Million)
9.4.9. France Biometric Authentication Market, 2016-2026 (USD Million)
9.4.10. Rest of Europe Biometric Authentication Market, 2016-2026 (USD Million)
9.5. Asia Pacific Biometric Authentication Market
9.5.1. Asia Pacific Biometric Authentication Market, by Offerings, 2018, (USD Million)
9.5.2. Asia Pacific Biometric Authentication Market, by Deployment, 2018, (USD Million)
9.5.3. Asia Pacific Biometric Authentication Market, by Technology, 2018, (USD Million)
9.5.4. Asia Pacific Biometric Authentication Market, by Functionality, 2018, (USD Million)
9.5.5. Asia Pacific Biometric Authentication Market, by Organization Size, 2018, (USD Million)
9.5.6. Asia Pacific Biometric Authentication Market, by End-use Industry, 2018, (USD Million)
9.5.7. China Biometric Authentication Market, 2016-2026 (USD Million)
9.5.8. Japan Biometric Authentication Market, 2016-2026 (USD Million)
9.5.9. India Biometric Authentication Market, 2016-2026 (USD Million)
9.5.10. Rest of Asia Pacific Biometric Authentication Market, 2016-2026 (USD Million)
9.6. Latin America Biometric Authentication Market
9.6.1. Latin America Biometric Authentication Market, by Offerings, 2018, (USD Million)
9.6.2. Latin America Biometric Authentication Market, by Deployment, 2018, (USD Million)
9.6.3. Latin America Biometric Authentication Market, by Technology, 2018, (USD Million)
9.6.4. Latin America Biometric Authentication Market, by Functionality, 2018, (USD Million)
9.6.5. Latin America Biometric Authentication Market, by Organization Size, 2018, (USD Million)
9.6.6. Latin America Biometric Authentication Market, by End-use Industry, 2018, (USD Million)
9.6.7. Brazil Biometric Authentication Market, 2016-2026 (USD Million)
9.6.8. Mexico Biometric Authentication Market, 2016-2026 (USD Million)
9.6.9. Rest of Latin America Biometric Authentication Market, 2016-2026 (USD Million)
9.7. Middle East & Africa Biometric Authentication Market
9.7.1. Middle East & Africa Biometric Authentication Market, by Offerings, 2018, (USD Million)
9.7.2. Middle East & Africa Biometric Authentication Market, by Deployment, 2018, (USD Million)
9.7.3. Middle East & Africa Biometric Authentication Market, by Technology, 2018, (USD Million)
9.7.4. Middle East & Africa Biometric Authentication Market, by Functionality, 2018, (USD Million)
9.7.5. Middle East & Africa Biometric Authentication Market, by Organization Size, 2018, (USD Million)
9.7.6. Middle East & Africa Biometric Authentication Market, by End-use Industry, 2018, (USD Million)
9.7.7. GCC Biometric Authentication Market, 2016-2026 (USD Million)
9.7.8. South Africa Biometric Authentication Market, 2016-2026 (USD Million)
9.7.9. Rest of Middle East & Africa Biometric Authentication Market, 2016-2026 (USD Million)
Chapter 10 Competitive Intelligence
10.1. Top 5 Players Comparison
10.2. Market Positioning of Key Players, 2018
10.3. Market Players Mapping
10.3.1. By Offerings
10.3.2. By Deployment
10.3.3. By Technology
10.3.4. By Functionality
10.3.5. By Organization Size
10.3.6. By End-use Industry
10.3.7. By Region
10.4. Strategies Adopted by Key Market Players
10.5. Recent Developments in the Market
10.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 11 Company Profiles
11.1. Fulcrum Biometrics
11.1.1. Fulcrum Biometrics Overview
11.1.2. Fulcrum Biometrics Products Portfolio
11.1.3. Fulcrum Biometrics Financial Overview
11.1.4. Fulcrum Biometrics News/Recent Developments
11.2. NEC Corporation
11.2.1. NEC Corporation Overview
11.2.2. NEC Corporation Products Portfolio
11.2.3. NEC Corporation Financial Overview
11.2.4. NEC Corporation News/Recent Developments
11.3. Thales Group (Gemalto)
11.3.1. Thales Group (Gemalto) Overview
11.3.2. Thales Group (Gemalto) Products Portfolio
11.3.3. Thales Group (Gemalto) Financial Overview
11.3.4. Thales Group (Gemalto) News/Recent Developments
11.4. Cognitec Systems
11.4.1. Cognitec Systems Overview
11.4.2. Cognitec Systems Products Portfolio
11.4.3. Cognitec Systems Financial Overview
11.4.4. Cognitec Systems News/Recent Developments
11.5. Fujitsu Ltd.
11.5.1. Fujitsu Ltd. Overview
11.5.2. Fujitsu Ltd. Products Portfolio
11.5.3. Fujitsu Ltd. Financial Overview
11.5.4. Fujitsu Ltd. News/Recent Developments
11.6. Precise Biometrics
11.6.1. Precise Biometrics Overview
11.6.2. Precise Biometrics Products Portfolio
11.6.3. Precise Biometrics Financial Overview
11.6.4. Precise Biometrics News/Recent Developments
11.7. Assa Abloy AB
11.7.1. Assa Abloy AB Overview
11.7.2. Assa Abloy AB Products Portfolio
11.7.3. Assa Abloy AB Financial Overview
11.7.4. Assa Abloy AB News/Recent Developments
11.8. Integrated Biometrics
11.8.1. Integrated Biometrics Overview
11.8.2. Integrated Biometrics Products Portfolio
11.8.3. Integrated Biometrics Financial Overview
11.8.4. Integrated Biometrics News/Recent Developments
11.9. Secunet Security Networks
11.9.1. Secunet Security Networks Overview
11.9.2. Secunet Security Networks Products Portfolio
11.9.3. Secunet Security Networks Financial Overview
11.9.4. Secunet Security Networks News/Recent Developments
11.10. Aware
11.10.1. Aware Overview
11.10.2. Aware Products Portfolio
11.10.3. Aware Financial Overview
11.10.4. Aware News/Recent Developments
Chapter 12 Preface
12.1. Data Triangulation
12.2. Research Methodology
12.2.1. Phase I – Secondary Research
12.2.2. Phase II – Primary Research
12.2.3. Phase III – Expert Panel Review
12.2.4. Approach Adopted
12.2.4.1. Top-Down Approach
12.2.4.2. Bottom-Up Approach
12.2.5. Supply- Demand side
12.2.6. Breakup of the Primary Profiles
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