Table of Content

"1    INTRODUCTION    40
1.1    STUDY OBJECTIVES    40
1.2    MARKET DEFINITION    40
1.2.1    INCLUSIONS AND EXCLUSIONS    40
1.3    STUDY SCOPE    41
1.3.1    MARKETS COVERED    41
FIGURE 1    BIOMETRIC SYSTEM MARKET SEGMENTATION    41
1.3.2    GEOGRAPHIC SCOPE    42
1.3.3    YEARS CONSIDERED    42
1.4    CURRENCY    42
1.5    VOLUME UNIT CONSIDERED    43
1.6    LIMITATIONS    43
1.7    STAKEHOLDERS    43
1.8    SUMMARY OF CHANGES:    44
2    RESEARCH METHODOLOGY    45
2.1    RESEARCH DATA    45
FIGURE 2    BIOMETRIC SYSTEM MARKET: RESEARCH DESIGN    45
2.1.1    SECONDARY AND PRIMARY RESEARCH    47
2.1.2    SECONDARY DATA    47
2.1.2.1    list of secondary sources    48
2.1.2.2    Key secondary sources    48
2.1.3    PRIMARY DATA    48
2.1.3.1    Primary interviews with experts    49
2.1.3.2    Key industry insights    49
2.1.3.3    Breakdown of primaries    50
2.2    MARKET SIZE ESTIMATION    50
2.2.1    BOTTOM-UP APPROACH    50
2.2.1.1    Methodology for arriving at market size using bottom-up approach    50
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1
BOTTOM UP (SUPPLY SIDE)— REVENUE GENERATED BY COMPANIES IN BIOMETRIC SYSTEM MARKET    51
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 2    52
2.2.2    TOP-DOWN APPROACH    52
2.2.2.1    Methodology for capturing market size using top-down approach    52
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    52
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    53
FIGURE 6    DATA TRIANGULATION    53
2.4    RESEARCH ASSUMPTIONS    54
2.5    RISK ASSESSMENT    55
TABLE 1    LIMITATIONS AND ASSOCIATED RISKS    55
2.6    LIMITATIONS    55
3    EXECUTIVE SUMMARY    56
3.1    GROWTH RATE ASSUMPTIONS/GROWTH FORECAST    56
FIGURE 7    IMPACT OF COVID-19 ON BIOMETRIC SYSTEM MARKET    57
3.2    POST-COVID-19 SCENARIO    57
TABLE 2    POST-COVID-19 SCENARIO: BIOMETRIC SYSTEM MARKET,
2022–2027 (USD MILLION)    57
3.3    OPTIMISTIC SCENARIO (POST-COVID-19)    57
TABLE 3    OPTIMISTIC SCENARIO (POST-COVID-19): BIOMETRIC SYSTEM MARKET, 2022–2027 (USD MILLION)    57
3.4    PESSIMISTIC SCENARIO (POST-COVID-19)    58
TABLE 4    PESSIMISTIC SCENARIO (POST-COVID-19): BIOMETRIC SYSTEM MARKET, 2022–2027 (USD MILLION)    58
FIGURE 8    MULTI-FACTOR AUTHENTICATION TYPE TO REGISTER HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD    58
FIGURE 9    CONTACTLESS BIOMETRIC SYSTEMS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD    59
FIGURE 10    BIOMETRIC SYSTEM MARKET FOR SOFTWARE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD    59
FIGURE 11    PORTABLE BIOMETRIC SYSTEM MARKET TO GROW AT HIGHER CAGR DURING FORECAST PERIOD    60
FIGURE 12    GOVERNMENT VERTICAL TO HOLD LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2027    61
FIGURE 13    BIOMETRIC SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    62
4    PREMIUM INSIGHTS    63
4.1    ATTRACTIVE GROWTH OPPORTUNITIES IN BIOMETRIC SYSTEM MARKET    63
FIGURE 14    INCREASING DEPLOYMENT OF BIOMETRIC SYSTEMS IN HEALTHCARE TO FUEL MARKET GROWTH FROM 2022 TO 2027    63
4.2    BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE    63
FIGURE 15    SINGLE-FACTOR AUTHENTICATION SEGMENT TO ACCOUNT FOR LARGER SHARE OF BIOMETRIC SYSTEM MARKET FROM 2022 TO 2027    63
4.3    BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE    64
FIGURE 16    SOFTWARE SEGMENT TO OUTGROW HARDWARE SEGMENT DURING FORECAST PERIOD    64
4.4    BIOMETRIC SYSTEM MARKET, BY TYPE    64
FIGURE 17    CONTACTLESS BIOMETRICS TO HOLD LARGEST SHARES OF BIOMETRIC SYSTEM MARKET IN 2027    64
4.5    BIOMETRIC SYSTEM MARKET, BY MOBILITY    65
FIGURE 18    PORTABLE SEGMENT IS EXPECTED TO WITNESS FASTER GROWTH DURING FORECAST PERIOD    65

4.6    BIOMETRIC SYSTEM MARKET, BY VERTICAL    65
FIGURE 19    GOVERNMENT SEGMENT HELD LARGEST MARKET SIZE IN 2022    65
4.7    BIOMETRIC SYSTEM MARKET, BY COUNTRY    66
FIGURE 20    INDIA TO REGISTER HIGHEST CAGR IN BIOMETRIC SYSTEM MARKET FROM 2022 TO 2027    66
5    MARKET OVERVIEW    67
5.1    INTRODUCTION    67
5.2    MARKET DYNAMICS    68
FIGURE 21    BIOMETRIC SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    68
5.2.1    DRIVERS    69
5.2.1.1    Increasing use of biometric technology in consumer electronics for authentication and identification applications    69
FIGURE 22    SMARTPHONE ADOPTION RATE (%), BY GEOGRAPHY, 2020 VS. 2025    70
TABLE 5    USE CASES OF MODERN-DAY CONSUMER ELECTRONICS: FINGERPRINT AUTHENTICATION    70
TABLE 6    USE CASES OF MODERN-DAY CONSUMER ELECTRONICS: FACE AUTHENTICATION    71
5.2.1.2    Growing focus of governments worldwide on improving governance and delivering welfare benefits to needy, and preventing fake entries of beneficiaries using biometrics    71
5.2.1.3    Rising need for biometric technology-based surveillance and security solutions owing to heightened threat of terrorist attacks    72
FIGURE 23    DEATH DUE TO TERRORIST ATTACKS (%), BY COUNTRY, 2019    73
TABLE 7    TOP 10 COUNTRIES WITH HIGHEST NUMBER OF TERROR ATTACKS AND FATALITIES, 2019    73
5.2.1.4    Surging adoption of biometric technologies in automotive applications to ensure improved safety and security    74
5.2.2    RESTRAINTS    74
5.2.2.1    Substantial costs associated with biometric systems    75
5.2.2.2    Increased hygiene concerns and high risk of transmission of coronavirus posed by touch-based biometric solutions    75
5.2.3    OPPORTUNITIES    76
5.2.3.1    Significant advances in biometric solutions designed for authentication and identification applications    76
TABLE 8    RECENT UPDATES IMPLEMENTED BY SUPPLIERS OF BIOMETRIC SYSTEMS    76
TABLE 9    BIOMETRIC DEPLOYMENT DEPICTING RELEVANT DEVELOPMENTS    77
5.2.3.2    Strategic collaborations among supply chain participants    77
TABLE 10    SYSTEM PROVIDERS – END-USER PARTNERSHIPS    78
5.2.3.3    Improved/direct availability of Biometric-as-a-Service    78
TABLE 11    SAAS DEVELOPMENTS BY PARTICIPANTS IN BIOMETRIC SYSTEM ECOSYSTEM    79
5.2.4    CHALLENGES    79
5.2.4.1    Data security concerns and lack of technical know-how    79
5.2.4.2    Failure in detecting authorized and unauthorized users    80

5.3    VALUE CHAIN ANALYSIS    81
FIGURE 24    BIOMETRIC SYSTEM MARKET: VALUE CHAIN    81
5.4    PORTER’S FIVE FORCES ANALYSIS    83
TABLE 12    BIOMETRIC SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS    83
5.5    BIOMETRIC SYSTEM ECOSYSTEM ANALYSIS    84
FIGURE 25    ECOSYSTEM OF BIOMETRIC SYSTEM MARKET    84
TABLE 13    BIOMETRIC SYSTEM MARKET: ECOSYSTEM    85
5.6    TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS' BUSINESS    86
5.6.1    REVENUE SHIFT AND NEW REVENUE POCKETS FOR BIOMETRIC SYSTEM MANUFACTURERS    86
FIGURE 26    REVENUE SHIFT FOR BIOMETRIC SYSTEM MANUFACTURERS    87
5.7    CASE STUDY ANALYSIS    87
5.7.1    USE CASE - BIOMETRIC-ENABLED BOARDING HAS BECOME POSSIBLE FOR UK PASSENGERS OWING TO JOINT EFFORTS OF EUROSTAR AND IPROOV    87
5.7.2    USE CASE - MULTI-BIOMETRIC ENTRY/EXIT PROGRAM IN UAE HAS ENABLED SEAMLESS CROSSINGS    88
5.7.3    CYBERLINK WILL DEPLOY FACE RECOGNITION SYSTEMS FOR TALMA IN LATIN AMERICA    88
5.7.4    IDEMIA AND SOPRA STERIA WILL TOGETHER DEPLOY NEW SHARED BIOMETRIC MATCHING SYSTEM TO BOOST BORDER SECURITY IN EU    89
5.8    TECHNOLOGY ANALYSIS    89
5.8.1    CLOUD-BASED BIOMETRIC SYSTEM    89
5.8.2    FINGER-VEIN RECOGNITION    89
5.8.3    3D FACE RECOGNITION    90
5.8.4    SENSOR INTEROPERABILITY    90
5.9    PRICING ANALYSIS    90
TABLE 14    BIOMETRIC SCANNERS, SELLING PRICE    90
5.10    TRADE AND TARIFF ANALYSIS    91
5.10.1    TRADE DATA FOR HS CODE 847190    91
TABLE 15    EXPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)    91
TABLE 16    IMPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)    92
5.10.2    TARIFF ANALYSIS    92
TABLE 17    TARIFFS DATA FOR HS 854081    93
5.11    PATENT ANALYSIS    93
FIGURE 27    PATENT ANALYSIS: BIOMETRIC SYSTEM MARKET    93
TABLE 18    RELATED PATENTS    94
5.12    REGULATORY LANDSCAPE    97
5.12.1    GOVERNMENT REGULATIONS REGARDING FAIR AND TRANSPARENT
USE OF BIOMETRIC SYSTEMS – PRIVACY POLICIES    97
TABLE 19    PRIVACY REGULATIONS BY COUNTRIES    98
5.13    EKYC-RELATED LEGISLATIONS    99
5.13.1    NORTH AMERICA    99
5.13.1.1    US    99
5.13.1.2    Canada    99
5.13.1.3    Mexico    100
5.13.2    EUROPE    101
5.13.2.1    UK    101
5.13.2.2    Germany    101
5.13.2.3    France    102
5.13.2.4    Italy    102
5.13.2.5    Rest of Europe    102
5.13.3    APAC    103
5.13.3.1    China    103
5.13.3.2    Japan    104
5.13.3.3    South Korea    104
5.13.3.4    Taiwan    105
5.13.3.5    Australia    105
5.13.3.6    India    106
5.13.3.7    Rest of APAC    107
5.13.4    REST OF THE WORLD (ROW)    107
5.13.4.1    Brazil    107
5.13.4.2    South America    108
5.13.4.3    Middle East & Africa    108
TABLE 20    SUMMARISED SURVEY RESULTS: ARAB COUNTRIES' POSITION ON IMPLEMENTATION OF EKYC PROCEDURES    108
5.14    STATUS OF ADOPTION OF BIOMETRICS IN BANKING AND FINANCIAL INDUSTRY    109
5.14.1    NORTH AMERICA    109
5.14.1.1    US    109
5.14.1.2    Canada    109
5.14.1.3    Mexico    109
5.14.2    EUROPE    110
5.14.2.1    UK    110
5.14.2.2    Germany    110
5.14.2.3    France    110
5.14.2.4    Italy    111
5.14.2.5    Rest of Europe    111
5.14.3    APAC    111
5.14.3.1    China    111
5.14.3.2    Japan    112
5.14.3.3    South Korea    112
5.14.3.4    Taiwan    112
5.14.3.5    Australia    113
5.14.3.6    India    113
5.14.3.7    Rest of APAC    113

5.14.4    REST OF THE WORLD (ROW)    114
5.14.4.1    Brazil    114
5.14.4.2    South America    114
5.14.4.3    Middle East & Africa (MEA)    114
5.15    MAJOR TRENDS    115
5.15.1    BIOMETRIC PAYMENT CARD    115
5.15.2    BIOMETRIC ATM    115
5.15.3    BIOMETRIC AND DATA PRIVACY REGULATIONS    115
5.15.4    BIOMETRIC MOBILE APP SECURITY    115
5.15.5    BIOMETRIC MULTI-FACTOR AUTHENTICATION    116
TABLE 21    CURRENT AND POTENTIAL PLAYERS, BY REGION    116
6    BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE    117
6.1    INTRODUCTION    118
FIGURE 28    BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE    118
FIGURE 29    MULTI-FACTOR AUTHENTICATION TYPE TO REGISTER HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD    119
TABLE 22    BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE,
2018–2021 (USD MILLION)    119
TABLE 23    BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE,
2022–2027 (USD MILLION)    119
6.2    SINGLE-FACTOR AUTHENTICATION    120
6.2.1    USE CASE: SINGLE-FACTOR AUTHENTICATION IN PERSONAL LAPTOPS OR COMPUTERS    120
TABLE 24    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY TECHNOLOGY, 2018–2021 (USD MILLION)    120
TABLE 25    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY TECHNOLOGY, 2022–2027 (USD MILLION)    121
TABLE 26    SINGLE-FACTOR BIOMETRICS SYSTEM MARKET FOR HARDWARE,
BY VERTICAL, 2018–2021 (USD MILLION)    121
TABLE 27    SINGLE-FACTOR BIOMETRICS SYSTEM MARKET FOR HARDWARE,
BY VERTICAL, 2022–2027 (USD MILLION)    122
TABLE 28    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY VERTICAL, 2018–2021 (USD MILLION)    122
TABLE 29    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY VERTICAL, 2022–2027 (USD MILLION)    123
TABLE 30    SINGLE-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY SECURITY TYPE, 2018–2021 (USD MILLION)    123
TABLE 31    SINGLE-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY SECURITY TYPE, 2022–2027 (USD MILLION)    123
TABLE 32    SINGLE-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION,
 2018–2021 (USD MILLION)    124
TABLE 33    SINGLE-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    124
6.2.2    FINGERPRINT RECOGNITION    124
TABLE 34    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)    125
TABLE 35    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)    126
TABLE 36    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    126
TABLE 37    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    126
TABLE 38    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)    127
TABLE 39    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)    127
TABLE 40    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY TYPE,
2018–2021 (USD MILLION)    127
TABLE 41    FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY TYPE,
2022–2027 (USD MILLION)    128
6.2.2.1    AFIS    128
6.2.2.1.1    Growing demand for biometrics from law enforcement agencies to propel market for AFIS    128
6.2.2.1.2    Use case: AFIS for forensic identification    128
6.2.2.2    Non-AFIS    128
6.2.2.2.1    Increasing use of biometrics in educational institutions to drive adoption of non-AFIS technology    128
6.2.3    IRIS RECOGNITION    129
6.2.3.1    Iris recognition technology is mainly adopted in government security vertical for identification and authentication    129
TABLE 42    IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
 2018–2021 (USD MILLION)    129
TABLE 43    IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    130
TABLE 44    IRIS RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY SECURITY TYPE, 2018–2021 (USD MILLION)    130
TABLE 45    IRIS RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY SECURITY TYPE, 2022–2027 (USD MILLION)    130
TABLE 46    IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    131
TABLE 47    IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    131
6.2.4    PALM PRINT RECOGNITION    131
6.2.4.1    Increased level of accuracy and security offered by palm print recognition fosters market growth    131
TABLE 48    PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)    132
TABLE 49    PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)    132
TABLE 50    PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    133
TABLE 51    PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    133
TABLE 52    PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    133
TABLE 53    PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    134
6.2.5    FACE RECOGNITION    134
6.2.5.1    Escalated need for surveillance and elevated demand for video analytics boosts market for face recognition    134
6.2.5.2    Use Case: Rising adoption of facial technology in law enforcement and government verticals    134
TABLE 54    FACIAL RECOGNITION TECHNOLOGY – RECENT DEVELOPMENTS    135
TABLE 55    FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    135
TABLE 56    FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    136
TABLE 57    FACE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    136
TABLE 58    FACE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    136
TABLE 59    FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    137
TABLE 60    FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    137
6.2.6    VEIN RECOGNITION    137
6.2.6.1    Constant requirement for high security in banking and immigration security verticals fuels growth of vein recognition market    137
TABLE 61    VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    138
TABLE 62    VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    138
TABLE 63    VEIN RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    139
TABLE 64    VEIN RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    139
TABLE 65    VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    139
TABLE 66    VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    140
6.2.7    SIGNATURE RECOGNITION    140
6.2.7.1    Non-invasive nature and better convenience of signature recognition to surge its adoption in near future    140
TABLE 67    SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)    141
TABLE 68    SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)    141
TABLE 69    SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    142
TABLE 70    SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    142
TABLE 71    SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    142
TABLE 72    SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    143
6.2.8    VOICE RECOGNITION    143
6.2.8.1    High accuracy of voice recognition through integration of AI to boost demand for voice recognition in coming years    143
6.2.8.2    Use Case: Soaring need for improving customer service in online banking    143
TABLE 73    VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    144
TABLE 74    VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    144
TABLE 75    VOICE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    145
TABLE 76    VOICE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    145
TABLE 77    VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    145
TABLE 78    VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    146
6.2.9    OTHERS    146
TABLE 79    OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    147
TABLE 80    OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    147
TABLE 81    OTHER RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    148
TABLE 82    OTHER RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    148
TABLE 83    OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    148
TABLE 84    OTHER RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    149
6.3    MULTI-FACTOR AUTHENTICATION    149
TABLE 85    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)    150
TABLE 86    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)    150
TABLE 87    MULTI-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY SECURITY TYPE, 2018–2021 (USD MILLION)    151
TABLE 88    MULTI -FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY SECURITY TYPE, 2022–2027 (USD MILLION)    151
TABLE 89    MULTI-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    151
TABLE 90    MULTI-FACTOR BIOMETRIC SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    152
TABLE 91    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY TYPE, 2018–2021 (USD MILLION)    152
TABLE 92    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY TYPE, 2022–2027 (USD MILLION)    152
6.3.1    BIOMETRIC SMART CARD    153
6.3.1.1    Biometric smart card offers advanced secured authentication capabilities    153
TABLE 93    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY VERTICAL, 2018–2021 (USD MILLION)    153
TABLE 94    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY VERTICAL, 2022–2027 (USD MILLION)    154
TABLE 95    MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART CARD MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    154
TABLE 96    MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART CARD MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    154
TABLE 97    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY REGION, 2018–2021 (USD MILLION)    155
TABLE 98    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART CARDS, BY REGION, 2022–2027 (USD MILLION)    155
6.3.2    BIOMETRIC PIN    155
6.3.2.1    Biometric PIN is most common multi-factor authentication method    155
TABLE 99    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY VERTICAL, 2018–2021 (USD MILLION)    156
TABLE 100    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY VERTICAL, 2022–2027 (USD MILLION)    156
TABLE 101    MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART PIN MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    157
TABLE 102    MULTI-FACTOR AUTHENTICATION BIOMETRIC SMART PIN MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    157
TABLE 103    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY REGION, 2018–2021 (USD MILLION)    157
TABLE 104    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SMART PIN, BY REGION, 2022–2027 (USD MILLION)    158
6.3.3    MULTIMODAL    158
6.3.3.1    Use case: Deployment of multi-modal biometrics in enterprise security    158
TABLE 105    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY VERTICAL, 2018–2021 (USD MILLION)    159
TABLE 106    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY VERTICAL, 2022–2027 (USD MILLION)    159
TABLE 107    MULTIMODAL MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2018–2021 (USD MILLION)    160
TABLE 108    MULTIMODAL MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY SECURITY TYPE, 2022–2027 (USD MILLION)    160
TABLE 109    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY REGION, 2018–2021 (USD MILLION)    160
TABLE 110    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MULTIMODAL TYPE, BY REGION, 2022–2027 (USD MILLION)    161
TABLE 111    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY MULTIMODAL TYPE, 2018–2021 (USD MILLION)    161
TABLE 112    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY MULTIMODAL TYPE, 2022–2027 (USD MILLION)    161

6.3.3.2    Two-factor authentication    161
6.3.3.3    Three-factor authentication    162
7    BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE    163
7.1    INTRODUCTION    164
FIGURE 30    BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE    164
FIGURE 31    MARKET FOR SOFTWARE TO GROW AT HIGHER RATE DURING FORECAST PERIOD    164
TABLE 113    BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE,
2018–2021 (USD MILLION)    165
TABLE 114    BIOMETRIC SYSTEM MARKET, BY OFFERING TYPE,
2022–2027 (USD MILLION)    165
7.2    HARDWARE    166
TABLE 115    RECENTLY LAUNCHED BIOMETRIC HARDWARE    166
TABLE 116    BIOMETRIC HARDWARE MARKET, BY TYPE, 2018–2021 (USD MILLION)    166
TABLE 117    BIOMETRIC HARDWARE MARKET, BY TYPE, 2022–2027 (USD MILLION)    167
7.2.1    FINGERPRINT READERS    167
7.2.1.1    Fingerprint readers to hold largest share of biometric system market for hardware segment in 2027    167
7.2.1.2    Use case: Fingerprint readers for access control at commercial spaces    167
7.2.2    SCANNERS    167
7.2.2.1    Low failure rate of scanners in identifying and authenticating individuals boosts their demand    167
7.2.3    CAMERAS    168
7.2.3.1    High adoption of facial recognition technology-based biometric systems to create increased demand for cameras    168
7.2.3.1.1    Use case: Utilization of biometric cameras in airport and immigration    168
7.2.4    OTHERS    169
7.3    SOFTWARE    169
7.3.1    SOFTWARE TO WITNESS HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD    169
7.3.1.1    Rising adoption of modernized biometric software in military & defense sector    169
TABLE 118    RECENTLY LAUNCHED BIOMETRIC SOFTWARE    170
TABLE 119    FINGERPRINT RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2018–2021 (USD MILLION)    170
TABLE 120    FINGERPRINT RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2022–2027 (USD MILLION)    171
TABLE 121    IRIS RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
 2018–2021 (USD MILLION)    171
TABLE 122    IRIS RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2022–2027 (USD MILLION)    172
TABLE 123    FACE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2018–2021 (USD MILLION)    172
TABLE 124    FACE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2022–2027 (USD MILLION)    173
TABLE 125    VOICE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2018–2021 (USD MILLION)    173
TABLE 126    VOICE RECOGNITION MARKET FOR SOFTWARE, BY VERTICAL,
2022–2027 (USD MILLION)    174
8    BIOMETRIC SYSTEM MARKET, BY TYPE    175
8.1    INTRODUCTION    176
FIGURE 32    BIOMETRIC SYSTEM MARKET, BY TYPE    176
FIGURE 33    MARKET FOR CONTACTLESS SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD    176
TABLE 127    BIOMETRIC SYSTEM MARKET, BY TYPE, 2018–2021 (USD MILLION)    177
TABLE 128    BIOMETRIC SYSTEM MARKET, BY TYPE, 2022–2027 (USD MILLION)    177
8.2    CONTACT-BASED    177
8.2.1    CONTACTLESS BIOMETRIC SYSTEMS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD    177
TABLE 129    CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018–2021 (USD MILLION)    178
TABLE 130    CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2022–2027 (USD MILLION)    178
TABLE 131    CONTACT-BASED BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    179
TABLE 132    CONTACT-BASED BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    179
TABLE 133    CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018–2021 (USD MILLION)    180
TABLE 134    CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2022–2027 (USD MILLION)    180
8.3    CONTACTLESS    180
8.3.1    CONTACTLESS BIOMETRIC SOLUTIONS ARE WIDELY USED FOR NON-TOUCH VERIFICATION    180
TABLE 135    USE CASE 1: STAR ALLIANCE BIOMETRICS LAUNCHED IDENTITY VERIFICATION PLATFORM IN FRANKFURT AND MUNICH AIRPORTS, GERMANY    181
TABLE 136    CONTACTLESS BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION)    181
TABLE 137    CONTACTLESS BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION)    181
TABLE 138    CONTACTLESS BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    182
TABLE 139    CONTACTLESS BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    182
TABLE 140    CONTACTLESS BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018–2021 (USD MILLION)    182
TABLE 141    CONTACTLESS BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2022–2027 (USD MILLION)    183

8.4    HYBRID    183
8.4.1    MARKET FOR HYBRID BIOMETRIC SOLUTIONS TO GROW AT SIGNIFICANT RATE OWING TO HIGH SECURITY AND ACCURACY OFFERED BY THEM    183
TABLE 142    HYBRID BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION)    183
TABLE 143    HYBRID BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION)    184
TABLE 144    HYBRID BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018–2021 (USD MILLION)    184
TABLE 145    HYBRID BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2022–2027 (USD MILLION)    185
TABLE 146    HYBRID BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018–2021 (USD MILLION)    185
TABLE 147    HYBRID BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2022–2027 (USD MILLION)    185
9    BIOMETRIC SYSTEM MARKET, BY MOBILITY    186
9.1    INTRODUCTION    187
FIGURE 34    BIOMETRIC SYSTEM MARKET, BY MOBILITY    187
FIGURE 35    PORTABLE BIOMETRIC SYSTEM MARKET TO GROW AT HIGHER RATE DURING FORECAST PERIOD    187
TABLE 148    BIOMETRIC SYSTEM MARKET, BY MOBILITY, 2018–2021 (USD MILLION)    188
TABLE 149    BIOMETRIC SYSTEM MARKET, BY MOBILITY, 2022–2027 (USD MILLION)    188
9.2    FIXED    188
9.2.1    FIXED BIOMETRICS SEGMENT IS EXPECTED TO HOLD LARGER SIZE OF MARKET DURING FORECAST PERIOD    188
9.2.2    USE OF BIOMETRIC ATTENDANCE SYSTEMS FOR HIGH-LEVEL SECURITY IN EDUCATIONAL INSTITUTES    189
9.3    PORTABLE    189
9.3.1    MARKET FOR PORTABLE BIOMETRIC SYSTEMS IS EXPECTED TO WITNESS HIGHER CAGR DURING FORECAST PERIOD    189
9.3.2    PORTABLE BIOMETRIC SOLUTIONS ARE WIDELY USED BY LAW ENFORCEMENT AGENCIES    189
10    BIOMETRIC SYSTEM MARKET, BY VERTICAL    190
10.1    INTRODUCTION    191
FIGURE 36    BIOMETRIC SYSTEM MARKET, BY VERTICAL    192
FIGURE 37    GOVERNMENT SEGMENT LIKELY TO HOLD LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2027    193
TABLE 150    BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018–2021 (USD MILLION)    193
TABLE 151    BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2022–2027 (USD MILLION)    194
10.2    GOVERNMENT    194
10.2.1    INCREASING GOVERNMENT INITIATIVES FOR PUBLIC SAFETY BOOST DEMAND FOR BIOMETRICS SOLUTIONS    194
10.2.1.1    Use case 1: Law enforcement and public security for criminal and suspect identification    195
10.2.1.2    Use case 2: Civil identification for citizens    195
10.2.1.3    Use case 3: Voter identification    195
TABLE 152    GLOBAL BIOMETRIC SYSTEM MARKET, BY GOVERNMENT VERTICAL TYPE, 2018–2021 (USD MILLION)    196
TABLE 153    GLOBAL BIOMETRIC SYSTEM MARKET, BY GOVERNMENT VERTICAL TYPE, 2022–2027 (USD MILLION)    196
TABLE 154    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    197
TABLE 155    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    197
TABLE 156    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    198
TABLE 157    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    198
TABLE 158    BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TYPE,
2018–2021 (USD MILLION)    198
TABLE 159    BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TYPE,
2022–2027 (USD MILLION)    199
TABLE 160    BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION)    199
TABLE 161    BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION)    199
10.3    MILITARY & DEFENSE    200
10.3.1    RISING IMPLEMENTATION OF BIOMETRICS IN MILITARY & DEFENSE SECTOR ENSURES ENHANCED SECURITY    200
10.3.1.1    Use Case: Soaring need for secure solutions at different check posts    200
TABLE 162    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY,
2018–2021 (USD MILLION)    201
TABLE 163    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY,
2022–2027 (USD MILLION)    201
TABLE 164    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    202
TABLE 165    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    202
TABLE 166    BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TYPE, 2018–2021 (USD MILLION)    202
TABLE 167    BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TYPE, 2022–2027 (USD MILLION)    203
TABLE 168    BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL,
BY REGION, 2018–2021 (USD MILLION)    203
TABLE 169    BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL,
BY REGION, 2022–2027 (USD MILLION)    203
10.4    HEALTHCARE    204
10.4.1    SOARING NEED TO BRING EFFICIENCY IN CLINICAL PROCESSES AND IMPROVE DIAGNOSIS AND TREATMENT BOOSTS ADOPTION OF BIOMETRICS IN HEALTHCARE    204
10.4.1.1    Use case: Securing patient’s personal information    204
TABLE 170    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    205
TABLE 171    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    205
TABLE 172    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    206
TABLE 173    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    206
TABLE 174    BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TYPE,
2018–2021 (USD MILLION)    206
TABLE 175    BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TYPE,
2022–2027 (USD MILLION)    207
TABLE 176    BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2018–2021 (USD MILLION)    207
TABLE 177    BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2022–2027 (USD MILLION)    207
10.5    BANKING & FINANCE    208
10.5.1    GROWING FOCUS ON PROVIDING EASY ACCESS TO FINANCIAL SERVICES DRIVES ADOPTION OF BIOMETRIC SYSTEMS IN BANKING & FINANCE SECTOR    208
10.5.1.1    Use Case: Rising need for contactless payment technologies by BFSI sector    208
TABLE 178    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY,
2018–2021 (USD MILLION)    209
TABLE 179    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY,
2022–2027 (USD MILLION)    209
TABLE 180    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    210
TABLE 181    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    210
TABLE 182    BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TYPE, 2018–2021 (USD MILLION)    210
TABLE 183    BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TYPE, 2022–2027 (USD MILLION)    211
TABLE 184    BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL,
BY REGION, 2018–2021 (USD MILLION)    211
TABLE 185    BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL,
BY REGION, 2022–2027 (USD MILLION)    211"
"10.6    CONSUMER ELECTRONICS    212
10.6.1    SURGING ADOPTION OF BIOMETRICS IN CONSUMER ELECTRONICS TO SAFEGUARD CRITICAL INFORMATION AND AVOID RISKS OF THEFT AND FRAUD    212
10.6.1.1    Use Case: Rising need for passwordless authentication algorithms    212
TABLE 186    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY,
2018–2021 (USD MILLION)    213
TABLE 187    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY,
2022–2027 (USD MILLION)    213
TABLE 188    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY,
2018–2021 (USD MILLION)    214
TABLE 189    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY,
2022–2027 (USD MILLION)    214
TABLE 190    BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL,
BY TYPE, 2018–2021 (USD MILLION)    214
TABLE 191    BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL,
BY TYPE, 2022–2027 (USD MILLION)    215
TABLE 192    BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION)    215
TABLE 193    BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION)    215
10.7    TRAVEL & IMMIGRATION    216
10.7.1    GROWING SECURITY CONCERNS OF VARIOUS NATIONS TO DRIVE ADOPTION OF BIOMETRIC SYSTEMS IN TRAVEL & IMMIGRATION SECTOR    216
10.7.1.1    Use Case: Biometric solutions at travel and immigration facilities    216
TABLE 194    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    217
TABLE 195    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    217
TABLE 196    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    218
TABLE 197    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    218
TABLE 198    BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL,
BY TYPE, 2018–2021 (USD MILLION)    218
TABLE 199    BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL,
BY TYPE, 2022–2027 (USD MILLION)    219
TABLE 200    BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL,
BY REGION, 2018–2021 (USD MILLION)    219
TABLE 201    BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL,
BY REGION, 2022–2027 (USD MILLION)    219
10.8    AUTOMOTIVE    220
10.8.1    RISING FOCUS ON IMPROVING VEHICLE SAFETY AND PROTECTING THEM FROM THEFT SPURS DEMAND FOR BIOMETRICS IN AUTOMOTIVE SECTOR    220
10.8.1.1    Use Case: Tailored biometric solutions for enhancing customization, safety, and convenience for drivers    220
TABLE 202    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    221
TABLE 203    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    221
TABLE 204    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    222
TABLE 205    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    222
TABLE 206    BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TYPE,
2018–2021 (USD MILLION)    222
TABLE 207    BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TYPE,
2022–2027 (USD MILLION)    223
TABLE 208    BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2018–2021 (USD MILLION)    223
TABLE 209    BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2022–2027 (USD MILLION)    223
10.9    SECURITY    224
TABLE 210    BIOMETRIC SYSTEM MARKET, BY SECURITY VERTICAL TYPE,
2018–2021 (USD MILLION),    224
TABLE 211    BIOMETRIC SYSTEM MARKET, BY SECURITY VERTICAL TYPE,
2022–2027 (USD MILLION)    224
TABLE 212    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    224
TABLE 213    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    225
TABLE 214    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2018–2021 (USD MILLION)    225
TABLE 215    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2022–2027 (USD MILLION)    225
TABLE 216    BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TYPE,
2018–2021 (USD MILLION)    226
TABLE 217    BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TYPE,
2022–2027 (USD MILLION)    226
TABLE 218    BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY REGION,
2018–2021 (USD MILLION)    226
TABLE 219    BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY REGION,
2022–2027 (USD MILLION)    227
10.9.1    HOME SECURITY    227
10.9.1.1    Increasing deployment of IoT and wireless technologies in residential sector creates requirement for biometrics to ensure enhanced security    227
10.9.2    COMMERCIAL SECURITY    228
10.9.2.1    Rising security concerns among enterprises drive adoption of biometric systems in commercial security applications    228
10.10    OTHERS    228
10.10.1    USE CASE: CONTACTLESS PAYMENT PROCESSING IN BRICK-AND-MORTAR STORES IS NEW NORMAL FOR BANKING SECTOR    228
TABLE 220    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2018–2021 (USD MILLION)    229
TABLE 221    SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2022–2027 (USD MILLION)    229
TABLE 222    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2018–2021 (USD MILLION)    230
TABLE 223    MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2022–2027 (USD MILLION)    230
TABLE 224    BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TYPE,
2018–2021 (USD MILLION)    230
TABLE 225    BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TYPE,
2022–2027 (USD MILLION)    231
TABLE 226    BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY REGION,
2018–2021 (USD MILLION)    231
TABLE 227    BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY REGION,
2022–2027 (USD MILLION)    231
11    GEOGRAPHIC ANALYSIS    232
11.1    INTRODUCTION    233
FIGURE 38    BIOMETRIC SYSTEM MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    233
TABLE 228    BIOMETRIC SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)    233
TABLE 229    BIOMETRIC SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)    234
11.2    NORTH AMERICA    234
FIGURE 39    NORTH AMERICA: SNAPSHOT OF BIOMETRIC SYSTEM MARKET    235
TABLE 230    BIOMETRIC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)    235
TABLE 231    BIOMETRIC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)    236
11.2.1    US    236
11.2.1.1    Growing military spending toward modernized infrastructure    236
11.2.2    CANADA    237
11.2.2.1    Rising immigrants in country for education and work purposes    237
11.2.3    MEXICO    237
11.2.3.1    Increasing smart city projects in country owing to rapid digitalization    237
11.3    EUROPE    238
FIGURE 40    EUROPE: SNAPSHOT OF BIOMETRIC SYSTEM MARKET    238
TABLE 232    BIOMETRIC SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)    239
TABLE 233    BIOMETRIC SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)    239
11.3.1    GERMANY    239
11.3.1.1    Increasing use of biometrics in automobiles for securing digital identity    239
11.3.2    UK    240
11.3.2.1    Rising demand for connected equipment from healthcare sector    240
11.3.3    FRANCE    240
11.3.3.1    Continuous efforts to facilitate healthcare sector with modernized equipment    240
11.3.4    ITALY    241
11.3.4.1    Rapid deployment of biometrics in airports and borders    241
11.3.5    SPAIN    241
11.3.5.1    Growing travel & tourism sector    241
11.3.6    REST OF EUROPE    241

11.4    APAC    242
FIGURE 41    APAC: SNAPSHOT OF BIOMETRIC SYSTEM MARKET    242
TABLE 234    BIOMETRIC SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)    243
TABLE 235    BIOMETRIC SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)    243
11.4.1    CHINA    243
11.4.1.1    Rising government initiatives for national security    243
11.4.2    JAPAN    244
11.4.2.1    Dominance of Japan in automotive manufacturing    244
11.4.3    INDIA    244
11.4.3.1    Growing deployment of biometrics by online payment services    244
11.4.4    SOUTH KOREA    245
11.4.4.1    Increasing presence of consumer electronics manufacturers    245
11.4.5    AUSTRALIA    245
11.4.5.1    Surging deployment of biometrics in educational facilities    245
11.4.6    REST OF APAC    246
11.5    ROW    246
FIGURE 42    ROW: SNAPSHOT OF BIOMETRIC SYSTEM MARKET    246
TABLE 236    BIOMETRIC SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION)    247
TABLE 237    BIOMETRIC SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)    247
11.5.1    SOUTH AMERICA    247
11.5.1.1    Rapid adoption of biometrics in country’s dominant sectors    247
11.5.2    MIDDLE EAST & AFRICA    247
11.5.2.1    Rising government interest toward automated technologies for national security    247
12    COMPETITIVE LANDSCAPE    249
12.1    OVERVIEW    249
12.2    3-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS    249
FIGURE 43    REVENUE SHARE OF TOP 5 COMPANIES (2018–2020)    249
12.3    KEY STRATEGIES/RIGHT TO WIN    250
FIGURE 44    KEY STRATEGIES/RIGHT TO WIN    250
12.4    MARKET SHARE ANALYSIS (2020)    251
TABLE 238    BIOMETRIC SYSTE MARKET: MARKET SHARE ANALYSIS    251
12.5    COMPANY EVALUATION QUADRANT, 2020    252
12.5.1    STAR    252
12.5.2    PERVASIVE    252
12.5.3    EMERGING LEADER    252
12.5.4    PARTICIPANT    252
FIGURE 45    BIOMETRIC SYSTEM MARKET (GLOBAL): COMPANY EVALUATION
QUADRANT, 2020    253
12.6    SMALL AND MEDIUM ENTERPRISE (SME) EVALUATION QUADRANT, 2020    253
12.6.1    PROGRESSIVE COMPANY    253
12.6.2    RESPONSIVE COMPANY    253
12.6.3    DYNAMIC COMPANY    254
12.6.4    STARTING BLOCK    254
FIGURE 46    BIOMETRIC SYSTEM MARKET (GLOBAL): STARTUPS/SME EVALUATION QUADRANT, 2020    254
TABLE 239    BIOMETRIC SYSTEM MARKET: DETAILED LIST OF KEY STARTUPS/SMES    255
TABLE 240    BIOMETRIC SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES    256
TABLE 241    BIOMETRIC SYSTEM MARKET: COMPANY FOOTPRINT    257
TABLE 242    COMPANY PRODUCT FOOTPRINT    258
TABLE 243    COMPANY VERTICAL FOOTPRINT    259
TABLE 244    COMPANY REGION FOOTPRINT    262
12.7    COMPETITIVE SCENARIO    263
TABLE 245    BIOMETRIC SYSTEM MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, SEPTEMBER 2019 TO OCTOBER 2021    263
TABLE 246    BIOMETRIC SYSTEM MARKET: DEALS, SEPTEMBER 2020 TO OCTOBER 2021    264
13    COMPANY PROFILES    265
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1    KEY PLAYERS    265
13.1.1    THALES GROUP    265
TABLE 247    THALES GROUP: BUSINESS OVERVIEW    265
FIGURE 47    THALES GROUP: COMPANY SNAPSHOT    266
13.1.2    IDEMIA (SAFRAN)    270
TABLE 248    IDEMIA: BUSINESS OVERVIEW    270
FIGURE 48    SAFRAN (PARENT COMPANY): COMPANY SNAPSHOT    271
13.1.3    NEC CORPORATION    275
TABLE 249    NEC CORPORATION: BUSINESS OVERVIEW    275
FIGURE 49    NEC CORPORATION: COMPANY SNAPSHOT    275
13.1.4    ASSA ABLOY    278
TABLE 250    ASSA ABLOY: BUSINESS OVERVIEW    278
FIGURE 50    ASSA ABLOY: COMPANY SNAPSHOT    279
13.1.5    FUJITSU    282
TABLE 251    FUJITSU: BUSINESS OVERVIEW    282
FIGURE 51    FUJITSU: COMPANY SNAPSHOT    283
13.1.6    PRECISE BIOMETRICS    286
TABLE 252    PRECISE BIOMETRICS: BUSINESS OVERVIEW    286
FIGURE 52    PRECISE BIOMETRICS: COMPANY SNAPSHOT    287
13.1.7    SECUNET SECURITY NETWORKS AG    290
TABLE 253    SECUNET SECURITY NETWORKS AG: BUSINESS OVERVIEW    290
13.1.8    STANLEY BLACK & DECKER, INC    292
TABLE 254    STANLEY BLACK & DECKER, INC: BUSINESS OVERVIEW    292
FIGURE 53    STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT    293
13.1.9    AWARE, INC    295
TABLE 255    AWARE, INC: BUSINESS OVERVIEW    295
FIGURE 54    AWARE, INC.: COMPANY SNAPSHOT    295
13.1.10    COGNITEC SYSTEMS GMBH    298
TABLE 256    COGNITEC SYSTEMS GMBH: BUSINESS OVERVIEW    298
13.2    OTHER KEY PLAYERS    300
13.2.1    DAON, INC.    300
13.2.2    DERMALOG IDENTIFICATIONS SYSTEMS GMBH    300
13.2.3    NEUROTECHNOLOGY    301
13.2.4    INNOVATRICS    301
13.2.5    VERIDOS GMBH    302
13.2.6    ZETES    302
13.2.7    JUMIO    303
13.2.8    ONFIDO    303
13.2.9    IPROOV    304
13.2.10    FACETEC, INC.    304
13.2.11    ID R&D, INC    305
13.2.12    MEGVII (BEIJING KUANGSHI TECHNOLOGY CO. LTD)    305
13.2.13    SENSETIME    306
13.2.14    FACEBANX    306
13.2.15    DAVID LINK MANILA CORPORATION    307
13.2.16    BIO-KEY INTERNATIONAL    307
13.2.17    SECURIPORT    308
13.2.18    M2SYS TECHNOLOGY    308
13.2.19    SUPREMA    309
13.2.20    FULCRUM BIOMETRICS, INC    309
13.2.21    ONESPAN    310
13.2.22    QUALCOMM    310
13.2.23    INTEGRATED BIOMETRICS    311
13.2.24    LEIDOS    311
13.2.25    IMAGEWARE    312
13.2.26    PAPILLON SYSTEMS    313
13.2.27    SONDA    313
13.2.28    NUANCE COMMUNICATIONS, INC    314
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14    APPENDIX    315
14.1    DISCUSSION GUIDE    315
14.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    318
14.3    AVAILABLE CUSTOMIZATIONS    320
14.4    RELATED REPORTS    320
14.5    AUTHOR DETAILS    321"