Next-Generation Biometrics Market Covid 19 - Insight, Size, Share, Regional and Global Forecast by 2023

Next-generation biometrics has taken the paradigms of security up to the ascended level. Evolving dramatically in every aspect of fingerprint scanning to voice recognition, biometric systems are transforming the way identification, and assessment of personal information of individuals is done. Today the next generation biometrics leverages all latest technologies to offer complete and accurate biometric solutions that can not only capture images but can also analysis real-time video data.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

Segmentation


For a better understanding, the report has been segmented into six key dynamics:

By Component : Hardware (scanners, cameras, fingerprint readers, and others), Solutions, and Services (installation services and support & maintenance services).

By Function: Contact and Non-Contact.

By Technology: Fingerprint, Face, Iris, Palm, Voice, Signature, and DNA, among others.

By Verticals BFSI, Military & Defense, Government, Healthcare, Consumer Electronics, IT, and Travel & Immigration, among others.

By Authentication Type: Single-Factor and Multi-Factor, among others.

By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Regional Analysis

North American region would retain its dominance over Next-Generation Biometrics Market Covid 19. Technological advancements and increasing usages by law enforcement agencies and various other sectors are some of the factors driving the regional market. Moreover, early adoption of the latest cutting-edge identification and recognition technologies assures an edge over other regions.

The next generation biometrics market in the Asia Pacific region accounts for the second-largest market, globally. Huge advancements in the related technologies and the availability of futuristic yet cost-competitive identification technologies is a key driving force behind the growth, the regional market is witnessing.

Also, the increasing adoption of next-generation biometric systems across government and commercial sectors for identification of individuals provides impetus to the growth of the regional market. Additionally, the dynamic growth in industries such as web, telecom, data centers, and the internet of things (IoT) ensures a substantial share of the region in the global space.

Major players:

Players leading the next generation biometrics market include NEC Corporation (Japan), Safran SA (France), 3M Cogent Inc. (US), Suprema Inc. (South Korea), Fujitsu Ltd. (Japan), Cross Match Technologies Inc. (US), Thales Group (France), Fulcrum Biometrics LLC (US), Bio-Key International Inc. (US), Secunet Security Networks AG (Germany), Precise Biometrics AB (Sweden), ValidSoft (UK), Facebanx (UK), Fingerprint Cards AB (Sweden), RCG Holdings Limited (Hong Kong), and Siemens AG (Germany), among others.

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