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Global biometrics market size is expected to reach $83.23 Bn by 2028 at a rate of 16.0%, segmented as by biometric type, iris recognition, hand geometry, facial recognition, signature verification
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Biometrics Global Market Report 2024 Market Size, Trends and Global Forecast 2023-2032 © The Business Research Company. All Rights Reserved.
Biometrics Market Segments The Business Research Company segments it’s biometrics market report as: IRIS Recognition, Hand Geometry, Facial Recognition, Signature Verification, Fingerprint, Voice Recognition, Palm Vein By Biometric Type Contact, Non-contact, Combined By Functionality Government, Defense Services, Banking and Finance, Consumer Electronics, Healthcare, Commercial Safety and Security, Transport/Visa/Logistics, Other End Users By End User © The Business Research Company. All Rights Reserved.
Biometrics Market Statistics The biometrics market size has grown rapidly in recent years. It will grow from $39.12 billion in 2023 to $45.89 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. It will grow to $83.23 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. Global Biometrics Market Size Forecast To 2033 83.23 45.89 39.12 2023 2024 2028 Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers The increasing use of biometric technology in consumer electronics for authentication and identification applications is driving the biometrics market. Trends Strategic partnership is a key trend gaining popularity in the biometrics market Region North America was the largest region in the biometrics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. © The Business Research Company. All Rights Reserved.
Key Market Players Major players in the control valve market are: ▪ Hitachi Corporation ▪ Siemens AG ▪ 3M Company ▪ Fujitsu Limited ▪ NEC Corporation ▪ And more. Get More Information On The Biometrics Market Report © The Business Research Company. All Rights Reserved.
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