Biometric Technology Market is projected to be valued at USD 198.5 billion in 2033, expand at a 15.4% CAGR during the forecast period.

Biometric Technology Market size was valued at USD 47.31 Billion in 2023 and is projected to reach USD 183.09 Billion by 2031, growing at a CAGR of 20.33% from 2024 to 2031.Biometric Technology Market: Definition/ OverviewBiometric technology is the use of specific physical or behavioral features to identify and authenticate persons. Fingerprint recognition, facial recognition, iris scanning, voice recognition, and gait analysis are some of the most often used biometrics. These technologies are widely used in a variety of industries, including security, healthcare, finance, and travel. For instance, biometric technologies improve airport security by allowing people to be identified rapidly and reliably. Biometrics in healthcare serve to protect sensitive patient information while also streamlining access to medical records.Advancements in artificial intelligence and machine learning are expected to fuel significant growth in biometric technology in the coming years. As these technologies advance, biometric systems will become more precise and efficient, lowering the likelihood of false positives and negatives. The integration of biometric authentication into mobile devices and Internet of Things (IoT) applications is expected to improve user convenience and security. As privacy concerns grow, the creation of secure and ethical biometric systems becomes essential. This is expected to result in more regulatory scrutiny and innovation in privacy-preserving approaches, ensuring that biometric data is gathered, kept, and utilized appropriately.

Global Biometric System Market is anticipated to grow at a CAGR of 12.1% during the forecast period, with an estimated size and share exceeding USD 110.34 billion by 2032.

The global biometric technology market size was valued at more than USD 47.32 billion in 2024 and is expected to register a CAGR of over 20.5%, exceeding USD 534.41 billion revenue by 2037. Hardware segment is estimated to account for 45.2% share by 2037, driven by rise in security risks and the demand for biometric hardware.

Global Biometric Technology Market size is set to expand from $ 48.48 Billion in 2023 to $ 157.64 Billion by 2032, with an anticipated CAGR of around 14% from 2024 to 2032.

The global Contactless Biometric Technology market is projected to grow significantly, from 25,208.2 Million in 2025 to 119,265.5 Million by 2035 an it is reflecting a strong CAGR of 12.8%. Contactless Biometric Technology refers to the advanced technology that enables users to authenticate themselves without making physical contact using biometric identifiers.

Attributes	Description
Industry Size (2025E)	USD 25,208.2 million
Industry Size (2035F)	USD 119,265.5 million
CAGR (2025 to 2035)	12.8% CAGR

Contracts & Deals Analysis

Company	NEC Corporation
Contract/Development Details	Awarded a contract by Vienna Airport to deploy contactless biometric solutions for seamless passenger boarding, enhancing security and efficiency in airport operations.
Date	March 2024
Contract Value (USD Million)	Approximately USD 15
Renewal Period	5 years

Company	Fingerprint Cards AB
Contract/Development Details	Partnered with Seshaasai to introduce contactless biometric payment cards in the Indian market, aiming to enhance secure and convenient transactions for consumers.
Date	July 2024
Contract Value (USD Million)	Approximately USD 10
Renewal Period	3 years

Country-wise Insights

Countries	CAGR from 2025 to 2035
India	15.9%
China	14.7%
Germany	10.3%
Japan	12.9%
United States	11.5%

Category-wise Insights

Technology	CAGR (2025 to 2035)
Facial Recognition	14.4%

Application	Value Share (2025)
Identity Verification	45.3%

Competition Outlook: Contactless Biometric Technology Market

Company Name	Estimated Market Share (%)
Thales Group	22-27%
NEC Corporation	15-20%
IDEMIA	12-18%
Cognitec Systems	8-12%
Aware, Inc.	6-10%
Other Companies (combined)	25-35%

The Global Contactless Biometrics Technology Market size was valued at USD 11.93 Billion in 2022 and is projected to be USD 48.23 Billion by 2030, growing at a CAGR of 19.1 % from 2023 to 2030 Market Dynamics of the Contactless Biometrics Technology Market

Increasing need for more secure and advanced identification: Increasing the number of smartphone users coupled with rapid penetration of the internet has driven the need for a secured layer of verification to unlock their smartphones. Therefore, companies are focusing on developing secured authentication unlock process where facial recognition solution is gaining traction. Further, financial institutions are majorly adopting contactless biometric solutions in order to secure financial traction across the globe. The rapid growing number of air travelers worldwide has raised the demand for advanced identification solutions at airports. This includes touchless health screening through voice recognition. Market players operating in contactless biometric solutions are also engaged in deploying temperature sensors in order to measure human body temperature which is expected to drive market growth in coming years.

Restraining Factor:

High cost of contactless biometric technology: The high initial investment for the deployment of contactless biometric solutions is projected to restrain market growth to a certain extent. Further, increasing incidences of data theft and cybercrime are expected to create new challenges for market growth. Facial recognition technology must be robust as the human face can change in terms of texture and shape over time which may result in high error rates in the recognition system. In addition, factors like illumination, changes in facial expressions, and aging can enable errors in the system which is imposing some limitations for using biometric machines.

Current Trends on Contactless Biometrics Technology:

Technological development in contactless biometric technology:

The emergence of new technologies offers better and highly efficient solutions. In contactless biometric solutions, the integration of behavioral biometrics helps for secured authentication in businesses, financial organizations, retail point sales, and government facilities. What is Contactless Biometrics Technology Software?

Contactless Biometrics technology is gaining traction due increase awareness about this technology among smartphone users followed by growing penetration of internet users. This technology includes a secured layer of verification through fingerprint and facia & voice recognition activities. Various sectors such as telecom operators, financial institutions, retailers, and others are adopting contactless biometric technology for human identification. Currently, this verification process becomes mandatory across several sectors which is expected to drive the growth of the market over the forecast period.

Biometric Technology Market Outlook

The biometric technology market size was valued at approximately USD 45 billion in 2023, and it is projected to reach an estimated USD 110 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.3% during the forecast period. This substantial growth is driven by the increasing demand for advanced security solutions across various sectors, including government, healthcare, and banking. The integration of biometric systems with existing infrastructure and the development of AI-driven biometric solutions further fuel this growth. The focus on strengthening security measures, coupled with advancements in technology, is poised to propel the market forward.

A significant growth factor in the biometric technology market is the rising need for robust security solutions in the wake of increasing cyber threats and data breaches. Biometric systems offer enhanced security by utilizing unique human characteristics for identification and verification, providing a secure alternative to traditional password-based systems. As organizations and governments worldwide strive to improve security protocols, the adoption of biometric technology is becoming more prevalent. The proliferation of smartphones and other connected devices also plays a crucial role, as these devices increasingly incorporate biometric features such as fingerprint and facial recognition for user authentication.

Technological advancements and innovations in biometric systems are another major driver of market growth. The integration of artificial intelligence and machine learning with biometric technology is enhancing the accuracy and efficiency of these systems, making them more reliable and user-friendly. This has led to wider acceptance among end-users, further boosting market expansion. Additionally, the development of multimodal biometric systems, which utilize multiple biometric indicators for authentication, is gaining traction as they offer higher accuracy and reliability compared to unimodal systems. These advancements are expected to continue driving the market forward over the forecast period.

The increasing adoption of biometric technology in various end-user industries, such as healthcare, banking, and consumer electronics, is also contributing to market growth. In the healthcare sector, biometric systems are used for patient identification and access control, ensuring data privacy and security. In the banking and finance industry, biometrics are employed for secure transactions and identity verification, reducing the risk of fraud. Moreover, the integration of biometric features in consumer electronics, such as smartphones and laptops, is enhancing user experience and security, further propelling market growth.

Biometric Authentication Technology Solution is increasingly becoming a cornerstone in the realm of digital security. As organizations seek to safeguard sensitive information and enhance user experience, the implementation of biometric authentication provides a robust solution. This technology leverages unique biological traits such as fingerprints, facial features, and voice patterns to verify identities, offering a more secure and convenient alternative to traditional methods like passwords and PINs. The seamless integration of biometric authentication into existing systems not only enhances security but also streamlines user interactions, reducing the risk of unauthorized access and data breaches. As a result, industries ranging from banking to healthcare are rapidly adopting these solutions to fortify their security frameworks and improve operational efficiency.

From a regional perspective, North America holds a significant share of the biometric technology market, driven by the presence of major market players and high adoption rates across various sectors. The Asia Pacific region is expected to exhibit the fastest growth during the forecast period, owing to the increasing government initiatives for biometric implementation, rising security concerns, and rapid technological advancements. Europe also represents a substantial market share, with a growing emphasis on privacy and data protection. The Middle East & Africa and Latin America regions are witnessing gradual adoption, with increasing investments in security infrastructure and digitalization efforts.

Component Analysis

The biometric technology market, segmented by component, includes hardware, software, and services. Each of these

Biometrics Technology Market size is growing with a CAGR of 18.46% in the prediction period & it crosses USD 2,59,411.6 Mn by 2032 from USD 79,247.8 Mn in 2025.

The Contactless Biometrics Technology Market Report is Segmented by Component (Hardware, Software, and Services), Technology (Face Recognition, Iris Recognition, Contactless Fingerprint Recognition, and More), Authentication Type (Single-Factor, and Multimodal), End-User Industry (Government and Public Sector, BFSI, Consumer Electronics, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Analyst Viewpoint

The biometric technology market is set to continue its rapid expansion, with the banking and finance sectors leading the adoption of advanced biometric systems. The shift towards more secure, contactless, and multi-layered authentication solutions, especially through MFA, will drive market growth.

As industries across the globe increasingly focus on enhancing security protocols and user experience, biometric solutions will play a critical role in shaping future security infrastructures. North America remains a dominant region, but other regions like Asia-Pacific are gaining momentum.

➤ Discover how our research uncovers business opportunities—request a sample now @ https://market.us/report/biometric-technology-market/free-sample/

Global Contactless Biometrics Technology Market will grow at a CAGR of 17.9% during the forecast period, with an estimated size and share crossing USD 66.33 billion by 2032.

Global Biometric Technology Market is poised for a significant growth, with market size projected to surge from USD 55.68 Billion in 2024 to USD 300.69 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 20.61% during the forecast period.

The Global Biometric Technology market size to cross USD 300.69 Billion by 2033. [https://edison.valuemarketresearch.com//uploads/report

According to Cognitive Market Research, the global Biometrics Technology Market size will be USD 47.2 billion in 2024. It will expand at a compound annual growth rate (CAGR) of 12.4 % from 2024 to 2031.

Market Dynamics of Biometrics Technology Market

Key Drivers for Biometrics Technology Market

Increase in the use of biometric technologies among organizations - Biometrics is ubiquitous and has become a fundamental component of the world. It is utilized in household items such as cellphones (fingerprint scanners, retina scanners, and infrared face scanners) and smart doorbells capable of facial recognition. Corporations also use biometric technology in a range of applications. Apple was the first company to implement fingerprint recognition technology in smartphones, which is now standard in handsets from Samsung, Motorola, HTC, and other manufacturers. For instance, Fujitsu is a consumer electronics pioneer that sells laptops and notebooks equipped with PalmSecure, a hand geometry biometrics reader. The popularity and use of biometric security systems are expected to grow even more as security standards rise.

Growing security concerns

Key Restraints for Biometrics Technology Market

The high cost of installation will limit the growth of the market

Unreliability of biometric technology may impede the market Introduction of Biometrics Technology Market

Biometrics identifies people based on bodily traits. Examples include fingerprint mapping, facial recognition, and retina scans. Biometric identifiers encompass unique methods of person identification, such as DNA, fingerprints, and voice for authentication purposes. Furthermore, biometric data can be utilized to access information in devices like cellphones. Moreover, the rising rate of crime and privacy intrusions has prompted concerns among individuals and businesses about protecting their assets and personal information. Biometric solutions have grown in popularity due to its ability to provide uniform security through the use of modern technologies. However, early expenditures in biometric technology development and device costs are significant due to extensive R&D efforts and challenges associated with data analysis via an embedded device. The costs of maintenance are also critical. These are some of the issues that hinder the growth of the biometric technology market.

Biometric System Market by Offering, Biometrics Type (Fingerprint Recognition, Voice Recognition), Contact Type, Authentication Type, Platform, Application, End User (Government, Military & Law Enforcement, and Other End Users) - Global Forecast to 2029

The market for Biometric System is booming lately with the growing security concerns and diffusion in government, health care, banking, and consumer electronics where biometric authentication is used. With further advancements in AI and deep learning, the market is expected to grow rapidly for better biometric recognition through machine learning. The key market drivers are increased demand for safe authentication methods, adoption of biometric systems by smartphones and smart devices, government initiatives for national ID programs, and the rise in the use of biometric-based access control in enterprises and financial institutions. The major restrains of this market include the high implementation cost, privacy concerns, and risk to data security. Some of the emerging trends are biometric integrated with IoT and cloud-based solutions, use of contactless biometrics including facial and iris recognition, and continuous R&D in AI-based biometric identification systems. Recent developments include: September 2022: On the Genesys AppFoundry platform, Daon Inc., a developer of biometric solutions, has made its biometric identity access management solution "Identity X" available. Customers of Genesys Cloud X benefit from increased security thanks to the integration of Identity X with Genesys Platform., June 2022: The new MOQI A1 Pro contact-free biometric scanning system was introduced by Moqi, an AI startup. This product enables customers of biometric solutions to fulfil their post-COVID-19 requirements. In order to verify user information, this device uses iris and facial recognition technology., January 2022: Infineon Technology has teamed with Precision Biometrics, a biometric software and services provider. Precision Biometrics' Precise BioMatch product leverages the Infineon biometry fingerprint algorithm through this collaboration. The driver seat in cars can now be adjusted automatically due to this solution., December 2021: Iemia, a company offering biometric solutions to business and household users, has teamed up with Bosche Building Solutions. Through this joint venture, Idemia offers fingerprint integration services for Bosche Building technologies' smart home technologies.. Key drivers for this market are: Increasing demand for enhanced security Convenience and efficiency benefits Government regulations and initiatives Technological advancements. Potential restraints include: Privacy and data security concerns High cost of implementation Technical limitations and accuracy issues Lack of interoperability between systems. Notable trends are: The biometric system market is driven by increasing demand for enhanced security and convenience, particularly in sectors such as banking, healthcare, and government. Contactless biometric solutions are gaining popularity due to concerns about hygiene and the need for faster and more efficient identification methods. Multifactor authentication is becoming more prevalent as an additional layer of security to prevent unauthorized access..

Biometrics Technology Market Outlook

The global biometrics technology market size is projected to grow from USD 42.9 billion in 2023 to USD 127.3 billion by 2032, at a compound annual growth rate (CAGR) of 12.8% during the forecast period. Factors driving this growth include the increasing need for security solutions, growing incidences of cyber threats, and advancements in technology that have made biometric systems more accessible and cost-effective. As industries from various sectors digitize their operations, the demand for foolproof security measures, such as biometrics, is expected to rise exponentially.

One of the significant growth factors in the biometrics technology market is the increasing need for robust security systems. In an age where cyber crimes are becoming more sophisticated and frequent, traditional security measures such as passwords and PINs are proving inadequate. Biometrics offers a higher level of security because it relies on unique biological traits that are difficult to forge or steal. This makes it an attractive option for organizations looking to protect sensitive data and ensure secure access to facilities and information systems. Additionally, the increasing adoption of mobile devices equipped with biometric sensors is boosting the market's growth.

Another major growth driver is the advancements in biometric technologies. Innovations such as Artificial Intelligence (AI) and Machine Learning (ML) are being integrated with biometric systems to improve their accuracy and efficiency. For example, AI-powered facial recognition systems can now identify individuals even in low-light conditions or when they are wearing masks. Similarly, advancements in hardware technologies, such as ultrasound-based fingerprint sensors, are making biometric systems more reliable and user-friendly. These technological advancements are not only enhancing the capabilities of biometric systems but also reducing their costs, making them more accessible to a broader range of users.

The expanding application areas for biometric technologies are also fueling market growth. Initially limited to government and military use, biometrics is now finding applications in various sectors, including healthcare, banking, consumer electronics, and travel. In healthcare, biometric systems are used for patient identification and access control, ensuring that sensitive medical data is protected. In banking, biometrics is being used for secure customer authentication, reducing the risk of fraud. The widespread adoption of biometric systems across different industries is contributing to the market's rapid growth.

Biometrics in Workforce Management is revolutionizing how organizations track and manage employee attendance and productivity. By utilizing unique biological traits such as fingerprints or facial recognition, companies can ensure accurate timekeeping and reduce instances of time theft. This technology not only enhances security by preventing unauthorized access to sensitive areas but also streamlines HR processes by automating attendance records. As remote work and flexible schedules become more prevalent, biometrics provides a reliable solution for managing a distributed workforce, ensuring that employees are present and productive regardless of their location. The integration of biometrics into workforce management systems is expected to increase efficiency and accuracy, making it a valuable tool for modern businesses.

From a regional perspective, North America holds a significant share of the biometrics technology market due to the presence of major technology companies and high adoption rates of advanced security solutions. Asia Pacific is expected to witness the fastest growth during the forecast period, driven by increasing government initiatives for citizen identification and rising investments in security infrastructure. Europe, Latin America, and the Middle East & Africa are also expected to see substantial growth, supported by the growing awareness of biometric technologies and their benefits.

Component Analysis

The biometrics technology market is segmented by component into hardware, software, and services. The hardware segment includes biometric sensors, scanners, and other physical devices used to capture and process biometric data. This segment is crucial as it forms the backbone of any biometric system. Advances in sensor technologies, such as the development of more accurate and affordable fingerprint and facial

Contactless Biometrics Technology Market Outlook

As per our latest research, the global Contactless Biometrics Technology market size reached USD 20.8 billion in 2024, demonstrating robust adoption across industries. The market is expected to grow at a CAGR of 16.7% from 2025 to 2033, ultimately reaching a value of USD 70.9 billion by 2033. This impressive growth is primarily driven by heightened demand for secure, hygienic, and user-friendly authentication solutions, especially in the aftermath of the COVID-19 pandemic and the increasing digitization of critical services worldwide.

The primary growth factor for the Contactless Biometrics Technology market is the rising need for enhanced security and seamless user experience across various sectors. As organizations face sophisticated cyber threats and increasing incidents of identity theft, there is a growing emphasis on implementing advanced authentication methods that do not require physical contact. Contactless biometrics, such as facial recognition, iris scanning, and voice authentication, provide a robust layer of security while ensuring convenience for end users. The proliferation of mobile devices and the integration of biometric authentication in smartphones, laptops, and wearables have further accelerated the adoption of these technologies, making them an integral part of digital transformation strategies across enterprises.

Another significant driver fueling the growth of the Contactless Biometrics Technology market is the regulatory push for stronger identity verification standards, particularly in sectors such as banking, healthcare, and government. Compliance with regulations such as GDPR, PSD2, and HIPAA necessitates the deployment of advanced authentication mechanisms to safeguard sensitive data and protect user privacy. Governments worldwide are investing heavily in biometric-enabled national ID programs, e-passports, and border control systems, further propelling market expansion. Moreover, the increased focus on contactless solutions due to public health concerns has accelerated deployments in public spaces, transportation hubs, and retail environments, where minimizing physical contact is paramount.

Technological advancements and innovation are also playing a pivotal role in shaping the Contactless Biometrics Technology market. Continuous improvements in artificial intelligence, machine learning algorithms, and sensor technologies have significantly enhanced the accuracy, speed, and scalability of biometric systems. The integration of biometric authentication with cloud-based platforms and the emergence of multimodal solutions—combining face, voice, and iris recognition—are expanding the range of applications and increasing user acceptance. Additionally, the growing trend of digital payments and the rise of smart cities are opening new avenues for market growth, as contactless biometrics become essential for secure access, surveillance, and financial transactions.

From a regional perspective, North America continues to dominate the Contactless Biometrics Technology market, accounting for the largest revenue share in 2024, followed closely by Europe and Asia Pacific. The United States, in particular, has witnessed widespread adoption across BFSI, healthcare, and government sectors, driven by stringent regulatory requirements and a strong focus on cybersecurity. Asia Pacific is emerging as the fastest-growing region, fueled by large-scale government initiatives in countries like India and China, rapid urbanization, and the increasing penetration of smartphones. Meanwhile, Europe is experiencing steady growth due to the emphasis on data privacy and the adoption of biometric solutions in border control and law enforcement. The Middle East & Africa and Latin America are also witnessing gradual uptake, supported by investments in smart infrastructure and digital transformation projects.

Component Analysis

The Contactless Biometrics Technology market is segmented by component into hardware, software, and services

Recent developments include: In January 2024, NEC Corporation of America asserted that it received level 2 certification from the Texas Risk and Authorization Management Program (TX-RAMP) for suit of biometric and face recognition solutions. , In March 2023, Iris ID reported that it showcased its “comprehensive range of iris recognition and dual biometric identity authentication solutions” in Las Vegas. .

The global biometric system market is experiencing robust growth, projected to reach $51.15 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.30% from 2025 to 2033. This expansion is driven by several key factors. Increasing concerns over security and identity theft are fueling the adoption of biometric systems across diverse sectors. Governments and law enforcement agencies are increasingly leveraging these technologies for enhanced security and surveillance, while commercial and retail businesses are implementing them for improved access control and fraud prevention. Furthermore, the healthcare industry is adopting biometric authentication for patient identification and access control, enhancing data security and streamlining workflows. The rising adoption of contactless biometric technologies, driven by the COVID-19 pandemic, is also contributing significantly to market growth. Technological advancements, including improvements in accuracy, speed, and cost-effectiveness of biometric solutions, further bolster this market expansion. The market is segmented by biometric type (fingerprint, facial, iris, etc.), contact type (contact-based and contactless), and end-user, providing opportunities for specialized solutions tailored to specific industry needs. The competitive landscape is characterized by a mix of established players and emerging technology providers. Companies like Gemalto (Thales Group), Leidos Holdings, NEC Corporation, and others are actively involved in developing and deploying sophisticated biometric solutions. Future growth will be shaped by the ongoing integration of artificial intelligence (AI) and machine learning (ML) to enhance the accuracy and reliability of biometric systems, as well as the increasing demand for multi-modal biometric authentication, which combines different biometric methods for enhanced security. The geographical distribution of the market shows significant growth potential in developing economies in Asia-Pacific, driven by increasing urbanization and the growing adoption of digital technologies. However, challenges such as data privacy concerns and the potential for bias in biometric systems remain crucial considerations for sustained market growth. Regulations surrounding data security and ethical considerations will play a vital role in shaping the future trajectory of the biometric systems market. Recent developments include: August 2022 - The Minister of Finance Economic Planning and the Ambassador of Japan to Rwanda signed the Exchange of Notes (E/N) for Japan's Grant Aid amounting to 550 million Yen (around USD 4 million). The Grant will be used by the Government of Rwanda to procure an advanced Automated Fingerprint Identification System for Criminal Investigation (Criminal AIFS), which will contribute to improving Rwanda's crime investigation capacity and enhancing the accuracy and efficiency of investigations. This system is also expected to strengthen the ability of Rwanda's counter-terrorism and public security., August 2022 - Chile announced rolling out an automated biometric identification system (ABIS) with the aim of tackling organized crime. The hardware has been supplied by Idemia., September 2021 - Thales partnered with Jordan Kuwait Bank to supply biometric payment cards for contactless EMV transactions. The fingerprint-enabled cards of Jordan Kuwait Bank will enable its customers to authorize transactions using their fingerprints, marking the region's first contactless biometric EMV bank card., September 2021 - Imageware and TECH5 partnered to become value-added resellers. This partnership enables the Integration of the existing Imageware product portfolio, which includes Imageware Proof, Imageware Authenticate, Imageware Identify, and the Imageware Biometric Engine, among others, with all TECH5 offerings. Along with the integration, ImageWare will also provide SISCO, Inc. with the Imageware Identity Platform, powered by TECH5 technologies, to enhance its product portfolio for the marine and visitor management industries., May 2021 - Phonexia partnered with Almawave, a vendor in Artificial Intelligence (AI), natural language analysis, and Big Data services, through its subsidiary PerVoice to enrich Almawave's portfolio with Phonexia's voice biometric solution Phonexia Voice Verify. This partnership would allow Almawave to authenticate a person based on voice biometrics, effectively replacing the use of written passwords.. Key drivers for this market are: Increasing Demand for Biometric Solutions in Consumer-facing Applications, Rising Adoption from the Public and Government Sectors in Emerging Countries; Key Technological Developments Leading to the Commodification of Biometrics. Potential restraints include: Increasing Demand for Biometric Solutions in Consumer-facing Applications, Rising Adoption from the Public and Government Sectors in Emerging Countries; Key Technological Developments Leading to the Commodification of Biometrics. Notable trends are: Software and Services Segment to Account for Largest Market Share.