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  4. > Biometrics Market Forecasts: Global Unit Shipments and Revenue by Biometric Modality, Technology, Use Case, Industry Segment, and World Region - 2015-2024

Just within the past couple of years, the biometrics market has become firmly established as advances in technology and improved mobile devices enable use cases that were previously thought impossible, or in some cases never even imagined. For instance, voter registration in low-literacy economies or identifying persons of interest in a crowd would be nearly unthinkable without biometrics. Biometrics use cases split into two distinct threads: consumer-facing use cases are typically high-volume at a low price, while enterprise-facing use cases (including government and defense) are typically much smaller volumes but use more expensive devices. Regardless, use cases define the biometrics market – biometrics does not sell itself and is considered after a use case has been established. Biometrics presents the opportunity to identify or authenticate individuals with greater confidence through a normally frictionless process. Many industries are now seizing this opportunity.

Tractica’s forecasts indicate that key industries in the biometrics market over the next decade are likely to be finance, consumer devices, healthcare, and government, followed by enterprise applications, defense, education, law enforcement, and non-government organizations. Key use cases that are likely to drive biometrics revenue over the next decade include consumer device authentication, mobile banking, automated teller machines (cashpoints), government IT systems, point-of-sale transactions, pharmacy dispensing, and wearable device authentication. Call center use cases apply across nearly all industries. Biometric modalities that are likely to generate the most revenue include fingerprint, iris image, and voice recognition. Tractica forecasts that the global biometrics market will increase from $2.0 billion in 2015 to $14.9 billion by 2024, with cumulative revenue for the 10-year period totaling $67.8 billion.

This Tractica report is based on a comprehensive and detailed 10-year market forecast for biometrics hardware and software during the period from 2015 through 2024. The forecasts are based upon analysis of 142 distinct use cases, each of which is forecast by world region and derived from separate forecasts for each OECD income level within a region. Biometrics revenue and device shipment forecasts are further segmented by industry, modality, device type, and use case.

Table Of Contents

Biometrics Market Forecasts: Global Unit Shipments and Revenue by Biometric Modality, Technology, Use Case, Industry Segment, and World Region - 2015-2024
Executive Summary 1
1.1 Biometrics Comes of Age .. 1
1.2 Overall Market Forecast . 1
SECTION 2 3
Definitions . 3
2.1 Use Cases . 3
2.2 Modalities .. 5
SECTION 3 8
Market Data Highlights . 8
3.1 Forecast Methodology . 8
3.2 Nearly All Markets Are Viable . 9
3.3 Largest Markets by Use Case . 9
3.4 Largest Markets by Modality . 10
3.4.1 Top Fingerprint Use Cases 11
3.5 Largest Markets by Industry .. 12
3.6 Conclusion .. 13
SECTION 4 . 14
Acronym and Abbreviation List 14
SECTION 5 . 15
Table of Contents .. 15
SECTION 6 . 16
Table of Charts and Figures 16
SECTION 7 . 17
Scope of Study 17
Sources and Methodology .. 17
Notes . 18

TABLE OF CHARTS AND FIGURES
Chart 1.1 Annual Biometrics Revenue by Region, World Markets: 2015-2024 .. 2
Chart 3.1 Annual Biometrics Revenue by Selected Use Cases, World Markets: 2015-2024 .. 9
Chart 3.2 Annual Biometrics Revenue by Modality, World Markets: 2015-2024 . 10
Chart 3.3 Annual Biometrics Revenue by Industry, World Markets: 2015-2024 .. 12
Chart 7.1 Tractica Research Methodology .. 18
Table 3.1 Annual Fingerprint - Industrial Revenue by Use Case, World Markets: 2015-2024 . 11

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