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Biometrics Market Size 2024-2028

The biometrics market size is forecast to increase by USD 38.11 billion at a CAGR of 15.2% between 2023 and 2028.

What will be the Size of the Biometrics Market During the Forecast Period?

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The biometric technology market encompasses sectors utilizing authentication and surveillance solutions based on biometric systems. These systems leverage various sensors, including scanners, cameras, and physiological or behavioral traits, such as fingerprints, iris scans, facial recognition, voice recognition, and gait analysis.
Electronics sectors, including automotive verticals, consumer electronics, tablets, laptops, and home automation devices, increasingly incorporate advanced biometric features for enhanced security. Raw materials and subcomponents, as well as additional costs for preventive maintenance and technological advances, contribute to market growth. Technological advances in sensing technologies, machine learning, and artificial intelligence facilitate multifactor authentication for computers, mobile phones, and other devices, further expanding the market's reach.

How is this Biometrics Industry segmented and which is the largest segment?

The biometrics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Government
  Healthcare
  BFSI
  Others


Component

  Hardware
  Software


Geography

  North America

    US


  APAC

    China
    Japan


  Europe

    Germany
    UK


  Middle East and Africa



  South America

By End-user Insights

The government segment is estimated to witness significant growth during the forecast period.

Biometric technology is extensively utilized in various sectors, with governments being one of the major consumers. This segment is the largest user of biometric technologies such as voice recognition biometrics and gait biometrics. Globally, governments employ biometrics for applications including border control, national security, law enforcement, and criminal identification. The increasing focus on security concerns has led to a surge in spending on advanced security measures, driving the demand for biometric technology. At the local and state levels, biometrics is used for background checks during employment screening and issuing identification cards. At the national level, its applications extend to defense, border control, and law enforcement. Biometric authentication is increasingly being adopted for securing bank accounts, email accounts, personal data, medical records, financial information, and credentials. The integration of biometrics with connected devices offers added convenience and security.

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The government segment was valued at USD 12.12 billion in 2018 and showed a gradual increase during the forecast period. Various government initiatives, such as the introduction of e-passports and e-visas, the implementation of election administration, and the use in criminal identification (ID), are government initiatives that require biometric technologies, including personal identity management, for the verification of their identity.

Regional Analysis

APAC is estimated to contribute 35% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Biometric technology, which utilizes physiological and behavioral traits for identification and authentication, has gained significant traction in various industries due to its high level of security and convenience. The increasing concern over data breaches and the need for secure authentication systems have accelerated the adoption of biometric technology in applications such as access control, time and attendance tracking, and financial transactions. Biometric technology offers a fast, accurate, and convenient method of authentication, making it an effective solution for enhancing security and reducing costs. Biometric scanners are mainly used to capture fingerprints, iris patterns, facial features, and voice prints, signifying the importance of mobile biometrics. With advancements in machine learning, artificial intelligence, and multifactor authentication, contactless biometric systems are expanding into new areas, including healthcare, education, and retail.

The use of facial recognition, fingerprint scanning, and iris recognition provides a high level of security as these traits are difficult to forge or replicate, making biometric technology a valu

The global biometric market generated nearly nine billion U.S. dollars in revenue in 2022. The market is expected to grow rapidly in the coming years, reaching a size exceeding 31 billion U.S. dollars by 2030.

The Biometrics Systems Market Research Report and it is segmented by Type (Hardware, Software, Services), Biometric Type (IRIS Recognition, Hand Geometry, Facial Recognition, Signature Verification, Fingerprint, Voice Recognition, Palm Vein), Contact Type (Contact-based, Non-contact Based), End User (Government and Law Enforcement, Commercial and Retail, Healthcare, BFSI, Travel, and Immigration), and Geography.

The global Biometrics market size reached USD 43.54 Billion in 2021 and is expected to reach USD 150.59 Billion in 2030 registering a CAGR of 7.2%. Biometrics industry report classifies global market by share, trend, growth and based on authentication type, component, functionality, technology, application, end-use, and region

The global biometric technology market is projected to grow from USD 47.32 billion in 2024 to USD 534.41 billion by 2037, registering a CAGR of over 20.5% during the forecast period, from 2025 through 2037. Key industry players include Accu-Time systems, Fujitsu Corporation, Thales, Idemia, among others.

The United States biometrics market size reached USD 6.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.8 Billion by 2033, exhibiting a growth rate (CAGR) of 12% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the United States biometrics market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on technology, functionality, component, authentication and end user.

Explore the Biometrics Market trends! Covers key players, growth rate 15.5% CAGR, market size $93.57 Billion, and forecasts to 2034. Get insights now!

Global Voice Biometrics Market size was valued at around USD 2.53 billion in 2022 & is estimated to grow at a CAGR of about 23.48% during the forecast period 2024-30, says MarkNtel Advisors.

The global behavioral biometrics market size was USD 1,645.23 Mn in 2022 and is to grow USD 7,369.41 Mn by 2030 with a CAGR of 20.61%.

The Latin America biometrics market size reached USD 4,273.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 15,153.9 Million by 2033, exhibiting a growth rate (CAGR) of 14.35% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America biometrics market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on technology, functionality, component, authentication, and end user.

The Europe BFSI Biometrics Market Report is Segmented by Authentication Type (Single Authentication Factor, Multi-Factor Authentication), Contact Type (Contact-Based, Non-Contact Based), Product Type (Voice Recognition, Facial Recognition, Fingerprint Identification, Vein Recognition, Iris Recognition), Application (Door Security, ATM, Internet Banking, Mobile Banking, Payment Authentication), and Country (United Kingdom, Germany, France). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The behavioral biometrics market revenue totaled US$ 1,254.7 million in 2022, according to Future Market Insights (FMI). The market is expected to reach US$ 13,001.4 million by 2033, growing at a CAGR of 23.8% from 2023 to 2033. As of 2023, the market for behavioral biometrics is expected to total US$ 1,533.2 million.

The behavioral biometrics market growth will continue to accelerate, resulting in a higher degree of competition among key players. FMI has forecast the top 5 providers to account for around 55.0% of the total market in 2022.

Scope of Report

The Report Covers Behavioral Biometrics Companies and the Market is segmented by Type (Signature Analysis, Keystroke Dynamics, Voice Recognition, Gait Analysis), Deployment (On-premises, Cloud), Application (Identity Proofing, Continuous Authentication, Risk and Compliance, Fraud Detection and Prevention), End-user Vertical (BFSI, Retail and Commerce, Healthcare, Government and Public Sector), and Geography.

This statistic shows the growth rate forecast for the global biometrics market from 2017 to 2025, by region. In 2017, the Latin American biometrics market is expected to grow by almost 200 percent compared to 2016.

The statistic shows the size of the biometrics market in the United States from 2013 to 2024. In 2016, the biometrics market in the United States reached 3.52 billion U.S. dollars.

Global voice biometric market size is expected to reach USD 7,348.7 million by 2030 at a CAGR of 21.7%, according to a new study by Polaris Market Research.

Global Next Generation Biometric Collection Market is segmented by type of solution (face recognition, fingerprint recognition, iris recognition, palm print recognition, signature recognition, and other types of solutions), end-user vertical (government, defense, travel and immigration, home security, banking, and financial service, consumer electronics, healthcare, and other end-user verticals), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America). The market sizes and forecasts are provided in value (USD million) for all the above segments.

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Gait Biometrics Market Forecast 2024-2028

The gait biometrics market size is projected to increase by USD 58.62 million, at a CAGR of 10.6% between 2023 and 2028. The growth rate of the market depends on several factors, including the rising adoption of contactless biometrics, the growing potential use of gait biometrics in geriatric care and increased R&D spending by market companies. Gait biometrics refers to the technology that is used to measure body movement along with the force and pressure exerted while moving. It is used to identify, track, and treat individuals by understanding their body movements.

The market growth and forecasting report includes key players' detailed analyses of the competitive landscape of the market and information about 15 market companies, including BioSensics, CIR Systems Inc., DIH Group, Fujitsu Ltd., GaitTronics Inc., Innovative Sports Training Inc., Mar Systems Ltd., Microsoft Corp., MindMaze SA, Motus Global, Movella Inc, Noraxon USA, Qualisys AB, ScribeLabs Inc., and Tekscan Inc. Additionally BioSensics provides biometrics solutions, including LEGSys and BalanSens, recognized as the first FDA-registered wearable devices. These offerings are designed for the objective assessment of gait, balance, fall risk, and mobility, contributing to advancements in healthcare technology.

What will be the Size of the Market During the Forecast Period?

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Market Overview

Market Growth Analysis Driver

The rising adoption of contactless biometrics is notably driving market growth. Contact biometric technologies such as fingerprint scanners require users to place their fingers on the sensor, which can be unhygienic. Also, the remnants of the fingerprint that remain on the scanner can be copied. Globally, growing concerns over hygiene due to the outbreak of various diseases, such as COVID-19, Ebola, and Swine flu, have made health regulators and officials re-evaluate the spread of these diseases, which includes infection by touching (contaminated) surfaces. Hence, several end-users are focusing on contactless biometrics, which includes retina and iris displays and vascular biometric scanners.

Moreover, contactless biometrics, such as gait biometrics, is faster and more efficient compared with contact biometrics, such as fingerprint sensors. Places where hygiene levels need to be maintained, such as hospitals and airports, are the major application segment for contactless biometrics. Thus, such factors are responsible for the high adoption. Therefore, it is expected to propel the growth of the market during the forecast period.

Market Growth and Trends

The growing popularity of GAIT authentication apps in smartphones is an emerging trend shaping market growth. With biometrics being widely accepted among trainers and athletes to track their performance and monitor physical status, the awareness of these products is increasing among individual users. As a result, app developers are introducing apps with gait authentication capabilities. GaitAnalysisPro and Gaitometer are two such apps available on Apple's iTunes store. Furthermore, it helps provide seamless access control over doors and smart locks. Doors equipped with authentication check for gait signature and automatically open for authenticated users using their smartphones.

As a result, even if the phone is stolen, failure to match the gait signature can keep doors locked. Besides, if someone steals their phone, their gait signature cannot match that of the user/owner, and they cannot unlock the door. Thus, the growing popularity of authentication apps in smartphones is expected to drive the growth of the market during the forecast period.

Market Restrain

Lack of standardization in GAIT biometrics is a significant challenge hindering market growth. Interoperability is the ability of a system to work or operate with other systems without requiring any extra effort by the user/customer. Firms require a seamless shift while using new technologies so that their workflow remains unaffected. Therefore, firms hesitate to opt for gait biometrics owing to its lack of standardization and interoperability. Biometric solutions such as gait biometrics are available in two types of standard organizations: formal and informal. Companies usually form consortiums to decide upon a standard that is to be followed while manufacturing biometric systems.

Moreover, standardization reduces compatibility issues that firms face while installing these systems. The implementation of compliant biometric solutions assists in the smooth transition of firms to biometric devices. Despite the advanced qualities of biometric systems, the growth in the market is inhibited due to the lack of standardization. Such factors are expected to hinder the growth of the market during the forecast period.

Market Segmentation By End-use

The Biometric System Market approximate to surpass USD 110.34 billion, with a forecasted CAGR of 12.1% By 2032

The global healthcare biometrics market size reached USD 5.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 23.0 Billion by 2033, exhibiting a growth rate (CAGR) of 15.98% during 2025-2033.