Biometric Data Encryption Device Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
As organizations are increasing focus on secure authentication methods for user access, ecommerce and other safety applications, the demand for biometric data encryption devices is growing rapidly. Increasing dependency on digital technologies and automation is further driving the growth of the biometric data encryption device. Moreover, continuous demand for enhanced security and identification systems has led to increasing adoption of biometric data encryption devices. Furthermore, as the businesses strive to implement the right mix of technologies and policies for security and reliability, the demand for biometric data encryption devices is expected to grow rapidly, which will further drive the growth of the biometric data encryption device market.
MARKET DYNAMICS
The meteoric rise in demand for smartphones and tablets is one of the primary factors fuelling the growth of the biometric data encryption device market. Also, rise in demand for biometric authentication systems for physical authentication is creating potential growth opportunities in the biometric data encryption device market. The primary application of a biometric data encryption device is to provide accessibility to an authorized individual and provide protection against unwanted thefts. Growing population and expansion of digital infrastructure are key factors creating lucrative opportunities for the biometric data encryption device market.
MARKET SCOPE
The "Global Biometric Data Encryption Device Market Analysis to 2031" is a specialized and in-depth study of the biometric data encryption device market with a special focus on the global market trend analysis. The report aims to provide an overview of biometric data encryption device market with detailed market segmentation by authentication type, vertical. The global biometric data encryption device market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biometric data encryption device market player and offers key trends and opportunities in the biometric data encryption device market.
MARKET SEGMENTATION
The global biometric data encryption device market is segmented on the basis of authentication type, vertical. On the basis of authentication type, market is segmented as fingerprint recognition, face recognition, iris recognition, voice recognition, others. On the basis of vertical, market is segmented as BFSI, healthcare, government, retail, IT and telecom, education, manufacturing, others.
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 data encryption device 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 data encryption device 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 data encryption device 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the biometric data encryption device market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global biometric data encryption device 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 data encryption device 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 data encryption device 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the biometric data encryption device market in these regions.
MARKET PLAYERS
The reports cover key developments in the biometric data encryption device 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 data encryption device market are anticipated to lucrative growth opportunities in the future with the rising demand for biometric data encryption device market. Below mentioned is the list of few companies engaged in the biometric data encryption device market.
The report also includes the profiles of key biometric data encryption device 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.
- Fujitsu Laboratories Ltd.
- Samsung Electronics
- Dataram
- SecuGen
- Integrated Biometrics
- Lumidigm
- Nitgen
- Suprema
- Crossmatch
- NEXT Biometrics
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Biometric Data Encryption Device Market - By Authentication Type
1.3.2Biometric Data Encryption Device Market - By Vertical
1.3.3Biometric Data Encryption Device Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BIOMETRIC DATA ENCRYPTION DEVICE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.BIOMETRIC DATA ENCRYPTION DEVICE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BIOMETRIC DATA ENCRYPTION DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1.BIOMETRIC DATA ENCRYPTION DEVICE - GLOBAL MARKET OVERVIEW
6.2.BIOMETRIC DATA ENCRYPTION DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BIOMETRIC DATA ENCRYPTION DEVICE MARKET - REVENUE AND FORECASTS TO 2028 â" AUTHENTICATION TYPE
7.1.OVERVIEW
7.2.AUTHENTICATION TYPE MARKET FORECASTS AND ANALYSIS
7.3.FINGERPRINT RECOGNITION
7.3.1.Overview
7.3.2.Fingerprint Recognition Market Forecast and Analysis
7.4.FACE RECOGNITION
7.4.1.Overview
7.4.2.Face Recognition Market Forecast and Analysis
7.5.IRIS RECOGNITION
7.5.1.Overview
7.5.2.Iris Recognition Market Forecast and Analysis
7.6.VOICE RECOGNITION
7.6.1.Overview
7.6.2.Voice Recognition Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.BIOMETRIC DATA ENCRYPTION DEVICE MARKET - REVENUE AND FORECASTS TO 2028 â" VERTICAL
8.1.OVERVIEW
8.2.VERTICAL MARKET FORECASTS AND ANALYSIS
8.3.BFSI
8.3.1.Overview
8.3.2.BFSI Market Forecast and Analysis
8.4.HEALTHCARE
8.4.1.Overview
8.4.2.Healthcare Market Forecast and Analysis
8.5.GOVERNMENT
8.5.1.Overview
8.5.2.Government Market Forecast and Analysis
8.6.RETAIL
8.6.1.Overview
8.6.2.Retail Market Forecast and Analysis
8.7.IT AND TELECOM
8.7.1.Overview
8.7.2.IT and Telecom Market Forecast and Analysis
8.8.EDUCATION
8.8.1.Overview
8.8.2.Education Market Forecast and Analysis
8.9.MANUFACTURING
8.9.1.Overview
8.9.2.Manufacturing Market Forecast and Analysis
8.10.OTHERS
8.10.1.Overview
8.10.2.Others Market Forecast and Analysis
9.BIOMETRIC DATA ENCRYPTION DEVICE MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Biometric Data Encryption Device Market Overview
9.1.2North America Biometric Data Encryption Device Market Forecasts and Analysis
9.1.3North America Biometric Data Encryption Device Market Forecasts and Analysis - By Authentication Type
9.1.4North America Biometric Data Encryption Device Market Forecasts and Analysis - By Vertical
9.1.5North America Biometric Data Encryption Device Market Forecasts and Analysis - By Countries
9.1.5.1United States Biometric Data Encryption Device Market
9.1.5.1.1United States Biometric Data Encryption Device Market by Authentication Type
9.1.5.1.2United States Biometric Data Encryption Device Market by Vertical
9.1.5.2Canada Biometric Data Encryption Device Market
9.1.5.2.1Canada Biometric Data Encryption Device Market by Authentication Type
9.1.5.2.2Canada Biometric Data Encryption Device Market by Vertical
9.1.5.3Mexico Biometric Data Encryption Device Market
9.1.5.3.1Mexico Biometric Data Encryption Device Market by Authentication Type
9.1.5.3.2Mexico Biometric Data Encryption Device Market by Vertical
9.2.EUROPE
9.2.1Europe Biometric Data Encryption Device Market Overview
9.2.2Europe Biometric Data Encryption Device Market Forecasts and Analysis
9.2.3Europe Biometric Data Encryption Device Market Forecasts and Analysis - By Authentication Type
9.2.4Europe Biometric Data Encryption Device Market Forecasts and Analysis - By Vertical
9.2.5Europe Biometric Data Encryption Device Market Forecasts and Analysis - By Countries
9.2.5.1Germany Biometric Data Encryption Device Market
9.2.5.1.1Germany Biometric Data Encryption Device Market by Authentication Type
9.2.5.1.2Germany Biometric Data Encryption Device Market by Vertical
9.2.5.2France Biometric Data Encryption Device Market
9.2.5.2.1France Biometric Data Encryption Device Market by Authentication Type
9.2.5.2.2France Biometric Data Encryption Device Market by Vertical
9.2.5.3Italy Biometric Data Encryption Device Market
9.2.5.3.1Italy Biometric Data Encryption Device Market by Authentication Type
9.2.5.3.2Italy Biometric Data Encryption Device Market by Vertical
9.2.5.4United Kingdom Biometric Data Encryption Device Market
9.2.5.4.1United Kingdom Biometric Data Encryption Device Market by Authentication Type
9.2.5.4.2United Kingdom Biometric Data Encryption Device Market by Vertical
9.2.5.5Russia Biometric Data Encryption Device Market
9.2.5.5.1Russia Biometric Data Encryption Device Market by Authentication Type
9.2.5.5.2Russia Biometric Data Encryption Device Market by Vertical
9.2.5.6Rest of Europe Biometric Data Encryption Device Market
9.2.5.6.1Rest of Europe Biometric Data Encryption Device Market by Authentication Type
9.2.5.6.2Rest of Europe Biometric Data Encryption Device Market by Vertical
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Biometric Data Encryption Device Market Overview
9.3.2Asia-Pacific Biometric Data Encryption Device Market Forecasts and Analysis
9.3.3Asia-Pacific Biometric Data Encryption Device Market Forecasts and Analysis - By Authentication Type
9.3.4Asia-Pacific Biometric Data Encryption Device Market Forecasts and Analysis - By Vertical
9.3.5Asia-Pacific Biometric Data Encryption Device Market Forecasts and Analysis - By Countries
9.3.5.1Australia Biometric Data Encryption Device Market
9.3.5.1.1Australia Biometric Data Encryption Device Market by Authentication Type
9.3.5.1.2Australia Biometric Data Encryption Device Market by Vertical
9.3.5.2China Biometric Data Encryption Device Market
9.3.5.2.1China Biometric Data Encryption Device Market by Authentication Type
9.3.5.2.2China Biometric Data Encryption Device Market by Vertical
9.3.5.3India Biometric Data Encryption Device Market
9.3.5.3.1India Biometric Data Encryption Device Market by Authentication Type
9.3.5.3.2India Biometric Data Encryption Device Market by Vertical
9.3.5.4Japan Biometric Data Encryption Device Market
9.3.5.4.1Japan Biometric Data Encryption Device Market by Authentication Type
9.3.5.4.2Japan Biometric Data Encryption Device Market by Vertical
9.3.5.5South Korea Biometric Data Encryption Device Market
9.3.5.5.1South Korea Biometric Data Encryption Device Market by Authentication Type
9.3.5.5.2South Korea Biometric Data Encryption Device Market by Vertical
9.3.5.6Rest of Asia-Pacific Biometric Data Encryption Device Market
9.3.5.6.1Rest of Asia-Pacific Biometric Data Encryption Device Market by Authentication Type
9.3.5.6.2Rest of Asia-Pacific Biometric Data Encryption Device Market by Vertical
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Biometric Data Encryption Device Market Overview
9.4.2Middle East and Africa Biometric Data Encryption Device Market Forecasts and Analysis
9.4.3Middle East and Africa Biometric Data Encryption Device Market Forecasts and Analysis - By Authentication Type
9.4.4Middle East and Africa Biometric Data Encryption Device Market Forecasts and Analysis - By Vertical
9.4.5Middle East and Africa Biometric Data Encryption Device Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Biometric Data Encryption Device Market
9.4.5.1.1South Africa Biometric Data Encryption Device Market by Authentication Type
9.4.5.1.2South Africa Biometric Data Encryption Device Market by Vertical
9.4.5.2Saudi Arabia Biometric Data Encryption Device Market
9.4.5.2.1Saudi Arabia Biometric Data Encryption Device Market by Authentication Type
9.4.5.2.2Saudi Arabia Biometric Data Encryption Device Market by Vertical
9.4.5.3U.A.E Biometric Data Encryption Device Market
9.4.5.3.1U.A.E Biometric Data Encryption Device Market by Authentication Type
9.4.5.3.2U.A.E Biometric Data Encryption Device Market by Vertical
9.4.5.4Rest of Middle East and Africa Biometric Data Encryption Device Market
9.4.5.4.1Rest of Middle East and Africa Biometric Data Encryption Device Market by Authentication Type
9.4.5.4.2Rest of Middle East and Africa Biometric Data Encryption Device Market by Vertical
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Biometric Data Encryption Device Market Overview
9.5.2South and Central America Biometric Data Encryption Device Market Forecasts and Analysis
9.5.3South and Central America Biometric Data Encryption Device Market Forecasts and Analysis - By Authentication Type
9.5.4South and Central America Biometric Data Encryption Device Market Forecasts and Analysis - By Vertical
9.5.5South and Central America Biometric Data Encryption Device Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Biometric Data Encryption Device Market
9.5.5.1.1Brazil Biometric Data Encryption Device Market by Authentication Type
9.5.5.1.2Brazil Biometric Data Encryption Device Market by Vertical
9.5.5.2Argentina Biometric Data Encryption Device Market
9.5.5.2.1Argentina Biometric Data Encryption Device Market by Authentication Type
9.5.5.2.2Argentina Biometric Data Encryption Device Market by Vertical
9.5.5.3Rest of South and Central America Biometric Data Encryption Device Market
9.5.5.3.1Rest of South and Central America Biometric Data Encryption Device Market by Authentication Type
9.5.5.3.2Rest of South and Central America Biometric Data Encryption Device Market by Vertical
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.BIOMETRIC DATA ENCRYPTION DEVICE MARKET, KEY COMPANY PROFILES
11.1.FUJITSU LABORATORIES LTD.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.SAMSUNG ELECTRONICS
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.DATARAM
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.SECUGEN
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.INTEGRATED BIOMETRICS
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.LUMIDIGM
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.NITGEN
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SUPREMA
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.CROSSMATCH
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.NEXT BIOMETRICS
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Fujitsu Laboratories Ltd.
2. Samsung Electronics
3. Dataram
4. SecuGen
5. Integrated Biometrics
6. Lumidigm
7. Nitgen
8. Suprema
9. Crossmatch
10. NEXT Biometrics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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