Some 57 percent of the companies surveyed admitted using biometrics for authentication.
Such technologies not only make authentication easier for users, but also help bolster overall data security..
The global biometric authentication and identification market had a revenue share of USD 4,135 million in 2021, presumed to reach USD 14,225 million, expanding at a CAGR of 16.7% during the forecast period.
The industry's expansion is apparent in its extensive use across various sectors..
In 2020, it was estimated that 80 percent of active phones in North America, Western Europe, and Asia Pacific were incorporated with biometric authentication systems.
In 2022, the global biometric system market was valued at approximately 43 billion U.S. dollars and was forecast to double its size by 2027..
In 2020, it was estimated that 80 percent of active phones in North America, Western Europe, and Asia Pacific were incorporated with biometric authentication systems.
In 2022, the global biometric system market was valued at approximately 43 billion U.S. dollars and was forecast to double its size by 2027..
Biometric Market size was valued at USD 35.39 Billion in 2020 and is projected to reach USD 95.33 Billion by 2028, growing at a CAGR of 13.29% from 2021 to 2028..
Some of the key players profiled in the report include 3M Company (Congent Systems, Inc.), Fujitsu Frontech Limited, Imageware Systems, Inc., Suprema, Inc., Safran S.A., secunet Security Networks AG, Thales S.A., BIO-key International, NEC Corporation and Precise Biometrics..
The global biometric authentication and identification market had a revenue share of USD 4,135 million in 2021, presumed to reach USD 14,225 million, expanding at a CAGR of 16.7% during the forecast period.
The industry's expansion is apparent in its extensive use across various sectors..
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