report cover1

Biometrics Technology Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

Biometric technologies generally refer to the use of technology to identify a person based on some aspect of their biology. Fingerprint recognition is one of the first and original biometric technologies that have been grouped loosely under digital forensics. Biometric authentication is used in computer science as a form of identification and access control. It is also used to identify individuals in groups that are under surveillance. Biometric identifiers are the distinctive, measurable characteristics used to label and describe individuals. Biometric categorization is not only limited to fingerprints but also palm veins, face recognition, retina, voice, shape of ears, and gait. Many different aspects of human physiology, chemistry, or behavior can be used for biometric authentication. The selection of a particular biometric for use in a specific application involves a weighting of several factors. Jain et al. identified seven such factors to be used when assessing the suitability of any trait for use in biometric authentication.

In recent times, biometrics based on brain and heart signals emerged. The advantage of this newer technology is that it is more fraud-resistant compared to conventional biometrics like fingerprints. However, such technology is generally more cumbersome and still has issues such as lower accuracy and poor reproducibility over time. On the portability side of biometric products, more and more vendors are embracing significantly miniaturized biometric authentication systems thereby elaborate cost saving, especially for large-scale deployments.

Global Biometrics Technology Market – Competitive Landscape

On November 16, 2023, Silicon Photonics Vendor (SiLC) announced USD 25 million in new funding for biometrics. On October 18, 2023, Anonybit, a decentralized biometric authentication and data protection firm, completed a funding round raising USD 3 million. On September 13, 2023, Deduce Nets invested USD 9 million to scale a synthetic identify fraud prevention service. On November 7, 2022, a Biometric smart gun maker raised USD 14 million and planned a hiring spree. On September 28, 2022, identified raised USD 15 million to scale biometric authentication across Africa.

Some of the Key Players in the Global Biometrics Technology Market Include –

  • Accu-Time System
  • Bio-Key International
  • Dermalog Identification Systems
  • East Shore Technology
  • EveVerify
  • Fujitsu
  • NEC
  • Idemia
  • HID Global
  • Iris ID System

Global Biometrics Technology Market – Growth Drivers

Increasing awareness and concerns about security breaches drive the adoption of biometric solutions for robust authentication. The widening use of biometrics in government and defense applications contributes significantly to biometric technology market growth. Growing adoption in various industries, including finance, healthcare, and retail due to the need for secure access and identity verification. The integration of biometrics in mobile devices for identification verification and access control enhances biometric technology market expansion. Continuous advancements such as AI and machine learning integration, improve accuracy and efficiency in biometric authentication processes. Increasing awareness of the importance of strong security measures propels the demand for biometric technology solutions. According to the biometric update, the percentage of phones with built-in biometric capabilities remained at around 81 percent over the last year. Cybersecurity breaches have been on the rise, and it’s expected that by 2023, they’ll have grown to USD 15.4 million.

Global Biometrics Technology Market – Restraints

Increased use of biometrics raises privacy issues, as individuals may be concerned about the storage and potential misuse of their biometric data. The initial setup costs for implementing biometric systems, including hardware and software, can be substantial, hindering adoption, especially for smaller businesses. Biometric access control systems range from a total of USD 2,500 to USD 10,000 per door. Compatibility issues and lack of standardization across different biometric systems can pose challenges, making it difficult for seamless integration in diverse environments. Despite advancements, biometric systems are not immune to hacking attempts and spoofing, which can compromise the security they are designed to provide. Strict regulations regarding the collection, storage, and use of biometric data may pose compliance challenges for businesses and organizations. Organizations and individuals may resist adopting biometric technology due to familiarity with existing authentication methods and concern about disruption during the transition. Biometric systems may face challenges in providing accurate results under certain conditions, such as poor lighting, variations in user physiology, or environmental factors. Ethical concerns and cultural differences regarding the use of biometrics may limit widespread acceptance, especially in regions where such technologies are viewed with skepticism.

Global Biometrics Technology Market – Opportunities

The rising demand for contactless authentication methods, driven by hygiene concerns and the need for convenient yet secure access, provides an opportunity for biometric technologies like facial recognition and fingerprint recognition. The healthcare sectors offer opportunities for biometric applications in patient identification, access control, and secure electronic health records, enhancing efficiency and patient safety. Governments worldwide are exploring biometric solutions for border control, enhancing travel security, and improving the efficiency of immigration processes.

Global Biometrics Technology Market – Geographical Insight

The market for global biometric technology is segmented into regions such as North America, Latin America, Europe, Asia-Pacific, the Middle East & Africa. North America is the largest market for global biometric technology due to this region characterized by stringent regulations governing the use of biometric data, contributing to a focus on security and privacy measures. Asia-Pacific region experiences rapid growth in the biometric technology market, driven by technological advancements, government initiatives, and the expanding use of smartphones. European countries are increasingly integrating biometric solutions for identity verification, border control, and financial transactions.

Global Biometrics Technology Market – Key Development

  • On November 30, 2022, IDEX Biometrics partnered with tech provider M-Tech Innovations to bring biometric payment cards to India by 2023.
  • On November 10, 2022, Keyo launched the first biometric identification network powered by palm scanning technology.
  • On June 29, 2022, AI Innovator Moqi launched contactless biometric scanners, meeting a demand for post-pandemic identification solutions.
Complete the form below and we'll get back to you shortly
Table of Content
Complete the form below and we'll get back to you shortly

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.



Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.


Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.
- Get Started -

Get insights that lead to new growth opportunities

Need a Custom Report?

We can customize every report – free of charge – including purchasing stand-alone sections or country-level reports

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Business Development

small c popup.png
Buy Now
small c popup.png
Complete the form below and we'll get back to you shortly
small c popup.png
Complete the form below and we'll get back to you shortly
small c popup.png
Complete the form below and we'll get back to you shortly
Ask an Expert