Biometric Identity Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Biometric identity management is the type of biometric identification which consist of analysis and recognition of an individual depending upon their behavioral and physical traits. The biometric identification management includes scanning and identification of, eye retina, fingerprints, voice recognition, iris scanning, body movements, facial pattern etc. The key market drivers for biometric identity management market are, surging demand of biometric identity in defense, electronics and automotive sectors along with increased need for surveillance and security needs.

MARKET DYNAMICS

The key market drivers for biometric identity management market are, rising demand for biometric identity in defense sector, automotive industry, electronic industry along with high demand for biometric identification in defense because of growing need of security concerns and high need of surveillance as a part of national security. Additionally, increasing defense budgets of countries to strengthen their forces as well as to provide world class security to protect confidential information is also expected to boost market growth during the forecast period. Moreover, technological advancement in biometric technology is expected to fuel market growth during the forecast period. However, high deployment cost associated with such systems is expected to restrain market growth during the forecast period.

MARKET SCOPE

The "Global Biometric Identity Management Market Analysis to 2031" is a specialized and in-depth study of the biometric identity management market with a special focus on the global market trend analysis. The report aims to provide an overview of biometric identity management market with detailed market segmentation by type, system and application. The global biometric identity management market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biometric identity management market player and offers key trends and opportunities in the biometric identity management market.

MARKET SEGMENTATION

The global biometric identity management market is segmented on the basis of type, system and application. On the basis of type the market is segmented as, fixed and mobile. On the basis of system the market is bifurcated as, behavioral parameters system, iris recognition system, retina recognition system, face recognition system, voice recognition system, others. Further, on the basis of application the market is bifurcated as, land borders, naval borders, airports.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global biometric identity management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The biometric identity management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting biometric identity management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the biometric identity management market in these regions.

MARKET PLAYERS

The reports cover key developments in the biometric identity management market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from biometric identity management market are anticipated to lucrative growth opportunities in the future with the rising demand for biometric identity management market. Below mentioned is the list of few companies engaged in the biometric identity management market.

The report also includes the profiles of key biometric identity management market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Cogent Systems, Inc
  
•   NEC Corporation
  
•   ZOLOZ CO., LTD
  
•   Lockheed Martin Corporation
  
•   HID Global Corporation
  
•   FUJITSU
  
•   Thales Group
  
•   Safran
  
•   Precise Biometrics
  
•   Sensory Inc
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Biometric Identity Management Report Scope