1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION AND SCOPE 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 29
1.3.1 MARKETS COVERED 29
FIGURE 1 BIOMETRIC SYSTEM MARKET SEGMENTATION 29
1.3.2 GEOGRAPHIC SCOPE 30
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY 30
1.5 LIMITATIONS 31
1.6 STAKEHOLDERS 31
1.7 SUMMARY OF CHANGES 31

2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 BIOMETRIC SYSTEM MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 33
2.1.2 SECONDARY DATA 34
2.1.2.1 Major secondary sources 34
2.1.2.2 Secondary sources 34
2.1.3 PRIMARY DATA 35
2.1.3.1 Primary interviews with experts 35
2.1.3.2 Key data from primary sources 35
2.1.3.3 Key industry insights 36
2.1.3.4 Breakdown of primaries 36
2.2 MARKET SIZE ESTIMATION 36
2.3 BOTTOM-UP AND TOP-DOWN APPROACHES 37
2.3.1 BOTTOM-UP APPROACH 37
2.3.1.1 Arriving at market size by adopting bottom-up approach
(demand side) 37
FIGURE 3 BIOMETRIC SYSTEM MARKET: BOTTOM-UP APPROACH 37
2.3.2 TOP-DOWN APPROACH 38
2.3.2.1 Capturing market size by top-down approach (supply side) 38
FIGURE 4 BIOMETRIC SYSTEM MARKET: TOP-DOWN APPROACH 38
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 5 DATA TRIANGULATION 39
2.5 RESEARCH ASSUMPTIONS 40

3 EXECUTIVE SUMMARY 41
FIGURE 6 MULTI-FACTOR AUTHENTICATION TYPE TO REGISTER HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD 42
FIGURE 7 HYBRID BIOMETRIC SYSTEM MARKET TO GROW AT HIGHEST CAGR
DURING FORECAST PERIOD 43
FIGURE 8 BIOMETRIC SYSTEM MARKET FOR SOFTWARE OFFERINGS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 44
FIGURE 9 GOVERNMENT VERTICAL TO HOLD LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2020 45
FIGURE 10 BIOMETRIC SYSTEM MARKET IN ROW TO GROW AT HIGHEST CAGR
DURING FORECAST PERIOD 46

4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES IN BIOMETRIC SYSTEM MARKET 47
FIGURE 11 INCREASING USE OF BIOMETRICS IN CONSUMER ELECTRONIC DEVICES TO BOOST MARKET GROWTH 47
4.2 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE 47
FIGURE 12 SINGLE-FACTOR AUTHENTICATION TO CONTINUE TO HOLD LARGER SIZE OF BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD 47
4.3 BIOMETRIC SYSTEM MARKET, BY TYPE 48
FIGURE 13 CONTACT-BASED BIOMETRIC SYSTEMS TO ACCOUNT FOR LARGEST MARKET SIZE IN 2020 48
4.4 BIOMETRIC SYSTEM MARKET, BY OFFERING 48
FIGURE 14 SOFTWARE OFFERINGS TO DOMINATE BIOMETRIC SYSTEM MARKET
DURING FORECAST PERIOD 48
4.5 BIOMETRIC SYSTEM MARKET, BY VERTICAL 49
FIGURE 15 GOVERNMENT VERTICAL TO ACCOUNT FOR LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2025 49
4.6 BIOMETRIC SYSTEM MARKET, BY REGION 49
FIGURE 16 APAC TO CAPTURE LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2025 49

5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
5.2.1 DRIVERS 51
FIGURE 17 BIOMETRIC SYSTEM MARKET DRIVERS AND THEIR IMPACT 51
5.2.1.1 Increasing use of biometrics in consumer electronic devices for authentication and identification purposes 51
5.2.1.2 Rising number of government initiatives to adopt biometrics 52
5.2.1.3 Growing need for surveillance and security with heightened threat of terrorist attacks 53
TABLE 1 TOP 10 COUNTRIES WITH HIGHEST NUMBER OF TERROR ATTACKS
AND FATALITIES, 2018 53
5.2.1.4 Surging adoption of biometric technology in automotive applications 54
5.2.1.5 Increasing use of biometric technology in enterprises to ensure improved convenience, secure identity management, and superior human resource management 55
5.2.2 RESTRAINTS 55
FIGURE 18 BIOMETRIC SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 55
5.2.2.1 High deployment cost 55
5.2.3 OPPORTUNITIES 56
FIGURE 19 BIOMETRIC SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 56
5.2.3.1 Advancements in biometric identification technology 56
5.2.3.2 Gradual implementation of mobile-based access control solutions 56
5.2.4 CHALLENGES 57
FIGURE 20 BIOMETRIC SYSTEM MARKET CHALLENGES AND THEIR IMPACT 57
5.2.4.1 Data security concerns and lack of technical know-how 57

6 INDUSTRY TRENDS 59
6.1 HISTORICAL REVENUE ANALYSIS 59
TABLE 2 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE,
2016-2019 (USD BILLION) 59
6.2 VALUE CHAIN ANALYSIS 59
FIGURE 21 VALUE CHAIN: BIOMETRIC SYSTEM MARKET, 2019 59
6.3 BIOMETRIC SYSTEM ECOSYSTEM 60
FIGURE 22 ECOSYSTEM OF BIOMETRIC SYSTEMS 60
6.4 IMPACT OF COVID-19 ON BIOMETRIC SYSTEM MARKET 61
6.5 KEY USE CASES 61
6.5.1 BIOMETRIC-ENABLED BOARDING HAS BECOME POSSIBLE FOR UK PASSENGERS OWING TO JOINT EFFORTS OF EUROSTAR AND IPROOV 61
6.5.2 MULTI-BIOMETRIC ENTRY/EXIT PROGRAM IN UAE HAS ENABLED
SEAMLESS CROSSINGS 61
6.5.3 CYBERLINK WILL DEPLOY FACE RECOGNITION SYSTEMS FOR TALMA IN
LATIN AMERICA 61
6.5.4 AMAZON HAS INTRODUCED NEW CONTACTLESS PALM RECOGNITION SYSTEM CALLED AMAZON ONE 62
6.5.5 IDEMIA AND SOPRA STERIA WILL TOGETHER DEPLOY NEW SHARED BIOMETRIC MATCHING SYSTEM TO BOOST BORDER SECURITY IN EU 62
6.6 PATENT ANALYSIS 63
6.7 MAJOR NEXT-GENERATION BIOMETRIC TECHNOLOGIES 64
6.7.1 CLOUD-BASED BIOMETRIC SYSTEM 64
6.7.2 FINGER-VEIN RECOGNITION 64
6.7.3 3D FACE RECOGNITION 64
6.7.4 SENSOR INTEROPERABILITY 64
6.8 GOVERNMENT REGULATIONS REGARDING FAIR AND TRANSPARENT
USE OF BIOMETRIC SYSTEMS 65

7 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE AND TECHNOLOGY 66
7.1 INTRODUCTION 67
FIGURE 23 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE 67
FIGURE 24 MULTI-FACTOR AUTHENTICATION TYPE TO REGISTER HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD 67
TABLE 3 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE,
2018-2025 (USD BILLION) 68
7.2 SINGLE-FACTOR AUTHENTICATION 68
7.2.1 SINGLE-FACTOR AUTHENTICATION INVOLVES USE OF FINGERPRINT RECOGNITION, FACE RECOGNITION, IRIS RECOGNITION, VOICE RECOGNITION, AND PALM RECOGNITION TECHNOLOGIES 68
TABLE 4 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY TECHNOLOGY, 2018-2025 (USD MILLION) 69
TABLE 5 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET,
BY VERTICAL, 2018-2025 (USD BILLION) 70
TABLE 6 SINGLE-FACTOR BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018-2025 (USD BILLION) 70
7.2.2 FINGERPRINT RECOGNITION 70
7.2.2.1 Fingerprint recognition is most prominent technology
used in biometric systems 70
TABLE 7 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018-2025 (USD BILLION) 71
TABLE 8 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 72
TABLE 9 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION, 2018-2025 (USD BILLION) 72
TABLE 10 FINGERPRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY TYPE,
2018-2025 (USD BILLION) 72
7.2.2.2 AFIS 73
7.2.2.2.1 Growing demand from law enforcement agencies to propel market for AFIS 73
7.2.2.3 Non-AFIS 73
7.2.2.3.1 Increasing consumer awareness for biometrics to drive adoption of non-AFIS technology 73
7.2.3 IRIS RECOGNITION 73
7.2.3.1 Iris recognition technology is adopted mainly in government applications for identification and authentication 73
TABLE 11 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 74
TABLE 12 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018-2025 (USD MILLION) 74
TABLE 13 IRIS RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018-2025 (USD MILLION) 75
7.2.4 PALM PRINT RECOGNITION 75
7.2.4.1 Increased level of accuracy and security offered by palm print recognition fosters market growth 75
TABLE 14 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018-2025 (USD MILLION) 76
TABLE 15 PALM PRINT RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 76
TABLE 16 PALM RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018-2025 (USD MILLION) 77
7.2.5 FACE RECOGNITION 77
7.2.5.1 Escalated need for surveillance and elevated demand for video analytics boosting market for face recognition 77
TABLE 17 FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 78
TABLE 18 FACE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 78
TABLE 19 FACE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018-2025 (USD BILLION) 78
7.2.6 VEIN RECOGNITION 79
7.2.6.1 Constant requirement for high security in banking and immigration applications fuels growth of vein recognition market 79
TABLE 20 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 79
TABLE 21 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 80
TABLE 22 VEIN RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018-2025 (USD MILLION) 80
7.2.7 SIGNATURE RECOGNITION 81
7.2.7.1 Non-invasive nature and better convenience of signature recognition to surge its adoption in near future 81
TABLE 23 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018-2025 (USD MILLION) 81
TABLE 24 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 82
TABLE 25 SIGNATURE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018-2025 (USD MILLION) 82
7.2.8 VOICE RECOGNITION 82
7.2.8.1 High accuracy of voice recognition through integration of AI to
boost demand for voice recognition 82
TABLE 26 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 83
TABLE 27 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 83
TABLE 28 VOICE RECOGNITION BIOMETRIC SYSTEM MARKET, BY REGION,
2018-2025 (USD MILLION) 84
7.2.9 OTHERS 85
TABLE 29 OTHER BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 85
TABLE 30 OTHER RECOGNITION TECHNOLOGIES BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 85
TABLE 31 OTHER RECOGNITION TECHNOLOGIES BIOMETRIC SYSTEM MARKET, BY REGION, 2018-2025 (USD MILLION) 86
7.2.9.1 DNA recognition 86
7.2.9.1.1 DNA recognition is adopted in forensic sciences, healthcare, and criminal investigations 86
7.2.9.2 Keystroke recognition 86
7.2.9.2.1 Keystroke recognition is known as leading behavioral biometric technology 86
7.2.9.3 Gait recognition 87
7.2.9.3.1 Gait recognition is widely used for long-distance verification 87
7.2.9.4 Otoacoustic emissions 87
7.2.9.4.1 Otoacoustic emission is considered most innovative and emerging biometric technology 87
7.3 MULTI-FACTOR AUTHENTICATION 87
TABLE 32 BIOMETRIC SYSTEM MARKET FOR MULTI-FACTOR AUTHENTICATION,
BY TECHNOLOGY, 2018-2025 (USD MILLION) 87
TABLE 33 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018-2025 (USD MILLION) 88
TABLE 34 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD MILLION) 88
7.3.1 BIOMETRIC SMART CARD 89
7.3.1.1 Biometric smart card method leads market for advanced secured authentication technologies 89
TABLE 35 BIOMETRIC SMART CARD MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 89
TABLE 36 BIOMETRIC SMART CARD MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018-2025 (USD MILLION) 89
TABLE 37 BIOMETRIC SMART CARD MARKET, BY REGION, 2018-2025 (USD MILLION) 90
7.3.2 BIOMETRIC PIN 90
7.3.2.1 Biometric PIN is most common multi-factor authentication method 90
TABLE 38 BIOMETRIC PIN MARKET, BY VERTICAL, 2018-2025 (USD MILLION) 90
TABLE 39 BIOMETRIC PIN MARKET FOR SECURITY VERTICAL, BY TYPE,
2018-2025 (USD MILLION) 91
TABLE 40 BIOMETRIC PIN MARKET, BY REGION, 2018-2025 (USD MILLION) 91
7.3.3 MULTIMODAL 91
TABLE 41 MULTIMODAL MARKET, BY TYPE, 2018-2025 (USD MILLION) 91
TABLE 42 MULTIMODAL MARKET, BY VERTICAL, 2018-2025 (USD MILLION) 92
TABLE 43 MULTIMODAL MARKET FOR SECURITY VERTICAL, BY APPLICATION,
2018-2025 (USD MILLION) 92
TABLE 44 MULTIMODAL MARKET, BY REGION, 2018-2025 (USD MILLION) 92
7.3.3.1 Two-factor authentication 93
7.3.3.1.1 Two-factor authentication to lead market for multimodal biometric system market during forecast period 93
7.3.3.2 Three-factor authentication 93
7.3.3.2.1 Growth of three-factor authentication biometric systems driven by their adoption in forensic laboratories and government applications 93

8 BIOMETRIC SYSTEM MARKET, BY OFFERING 94
8.1 INTRODUCTION 95
FIGURE 25 BIOMETRIC SYSTEM MARKET, BY OFFERING 95
FIGURE 26 SOFTWARE SEGMENT TO EXHIBIT HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD 95
TABLE 45 BIOMETRIC SYSTEM MARKET, BY OFFERING, 2018-2025 (USD BILLION) 95
8.2 HARDWARE 96
TABLE 46 BIOMETRIC SYSTEM MARKET FOR HARDWARE OFFERINGS, BY COMPONENT, 2018-2025 (USD BILLION) 96
8.2.1 FINGERPRINT READERS 97
8.2.1.1 Fingerprint readers to hold largest share of biometric system market for hardware segment 97
8.2.2 SCANNERS 97
8.2.2.1 Low failure rate of scanners in identifying and authenticating individuals boosts their demand 97
8.2.3 CAMERAS 98
8.2.3.1 High adoption of facial recognition technology-based biometric systems to create increased demand for cameras 98
8.2.4 OTHERS 98
8.3 SOFTWARE 98
8.3.1 SOFTWARE OFFERINGS TO WITNESS HIGHER CAGR IN BIOMETRIC SYSTEM MARKET DURING FORECAST PERIOD 98

9 BIOMETRIC SYSTEM MARKET, BY TYPE 99
9.1 INTRODUCTION 100
FIGURE 27 BIOMETRIC SYSTEM MARKET, BY TYPE 100
FIGURE 28 CONTACT-BASED BIOMETRIC SYSTEMS TO HOLD LARGEST
MARKET SIZE IN 2025 100
TABLE 47 BIOMETRICS MARKET, BY TYPE, 2018-2025 (USD BILLION) 101
9.2 CONTACT BASED 101
9.2.1 CONTACT-BASED BIOMETRIC SYSTEMS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 101
TABLE 48 CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 102
TABLE 49 CONTACT-BASED BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2028 (USD MILLION) 102
TABLE 50 CONTACT-BASED BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018-2025 (USD MILLION) 102
9.3 CONTACTLESS 103
9.3.1 CONTACTLESS BIOMETRIC SOLUTIONS ARE WIDELY USED FOR
NON-TOUCH VERIFICATION 103
TABLE 51 CONTACTLESS BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY,
2018-2025 (USD MILLION) 103
TABLE 52 CONTACTLESS BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 104
TABLE 53 CONTACTLESS BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018-2025 (USD MILLION) 104
9.4 HYBRID 105
9.4.1 MARKET FOR HYBRID BIOMETRIC SOLUTIONS TO GROW AT HIGHEST RATE OWING TO HIGH SECURITY AND ACCURACY OFFERED BY THEM 105
TABLE 54 HYBRID BIOMETRIC SYSTEM MARKET, BY TECHNOLOGY,
2018-2025 (USD MILLION) 105
TABLE 55 HYBRID BIOMETRIC SYSTEM MARKET, BY VERTICAL,
2018-2025 (USD MILLION) 105
TABLE 56 HYBRID BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL,
BY APPLICATION, 2018-2025 (USD MILLION) 106

10 BIOMETRIC SYSTEM MARKET, BY VERTICAL 107
10.1 INTRODUCTION 108
FIGURE 29 BIOMETRIC SYSTEM MARKET, BY VERTICAL 108
FIGURE 30 GOVERNMENT SEGMENT LIKELY TO HOLD LARGEST SIZE OF BIOMETRIC SYSTEM MARKET IN 2025 108
TABLE 57 BIOMETRIC SYSTEM MARKET, BY VERTICAL, 2018-2025 (USD BILLION) 109
10.2 GOVERNMENT 110
10.2.1 INCREASING GOVERNMENT INITIATIVES FOR PUBLIC SAFETY BOOST DEMAND FOR BIOMETRICS SOLUTIONS 110
TABLE 58 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 110
TABLE 59 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 110
TABLE 60 BIOMETRIC SYSTEM MARKET FOR GOVERNMENT VERTICAL, BY REGION, 2018-2025 (USD BILLION) 111
10.3 MILITARY & DEFENSE 111
10.3.1 RISING IMPLEMENTATION OF BIOMETRICS IN MILITARY & DEFENSE SECTOR TO ENSURE ENHANCED SECURITY 111
TABLE 61 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET
FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY,
2018-2025 (USD MILLION) 112
TABLE 62 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 112
TABLE 63 BIOMETRIC SYSTEM MARKET FOR MILITARY & DEFENSE VERTICAL,
BY REGION, 2018-2025 (USD BILLION) 112
10.4 HEALTHCARE 113
10.4.1 SURING NEED TO BRING EFFICIENCY IN CLINICAL PROCESSES AND
IMPROVE DIAGNOSIS AND TREATMENT BOOSTS ADOPTION OF BIOMETRICS IN HEALTHCARE 113
TABLE 64 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 113
TABLE 65 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 114
TABLE 66 BIOMETRIC SYSTEM MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2018-2025 (USD BILLION) 114
10.5 BANKING & FINANCE 115
10.5.1 GROWING FOCUS ON PROVIDING EASY ACCESS TO FINANCIAL SERVICES DRIVES ADOPTION OF BIOMETRIC SYSTEMS IN BANKING & FINANCE SECTOR 115
TABLE 67 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET
FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY,
2018-2025 (USD MILLION) 115
TABLE 68 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 116
TABLE 69 BIOMETRIC SYSTEM MARKET FOR BANKING & FINANCE VERTICAL,
BY REGION, 2018-2025 (USD BILLION) 116
10.6 CONSUMER ELECTRONICS 117
10.6.1 INCREASING ADOPTION OF BIOMETRICS IN CONSUMER
ELECTRONICS TO SAFEGUARD CRITICAL INFORMATION AND AVOID
RISKS OF THEFT AND FRAUD 117
TABLE 70 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET
FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY,
2018-2025 (USD MILLION) 117
TABLE 71 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY TECHNOLOGY,
2018-2025 (USD MILLION) 118
TABLE 72 BIOMETRIC SYSTEM MARKET FOR CONSUMER ELECTRONICS VERTICAL,
BY REGION, 2018-2025 (USD BILLION) 118
10.7 TRAVEL & IMMIGRATION 118
10.7.1 INCREASING SECURITY CONCERNS OF VARIOUS NATIONS TO DRIVE ADOPTION OF BIOMETRIC SYSTEMS IN TRAVEL & IMMIGRATION SECTOR 118
TABLE 73 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 119
TABLE 74 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 119
TABLE 75 BIOMETRIC SYSTEM MARKET FOR TRAVEL & IMMIGRATION VERTICAL,
BY REGION, 2018-2025 (USD BILLION) 120
10.8 AUTOMOTIVE 120
10.8.1 RISING FOCUS ON IMPROVING VEHICLE SAFETY AND PROTECTING THEM FROM THEFT SPURS DEMAND FOR BIOMETRICS IN AUTOMOTIVE SECTOR 120
TABLE 76 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 121
TABLE 77 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 121
TABLE 78 BIOMETRIC SYSTEM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2018-2025 (USD MILLION) 121
10.9 SECURITY 122
TABLE 79 BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY APPLICATION, 2018-2025 (USD BILLION) 122
TABLE 80 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 122
TABLE 81 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY TECHNOLOGY, 2018-2025 (USD MILLION) 123
TABLE 82 BIOMETRIC SYSTEM MARKET FOR SECURITY VERTICAL, BY REGION,
2018-2025 (USD MILLION) 123
10.9.1 RESIDENTIAL SECURITY 123
10.9.1.1 Increasing deployment of IoT and wireless technologies in
residential sector creates requirement for biometrics to ensure enhanced security 123
TABLE 83 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR RESIDENTIAL SECURITY APPLICATION, BY TECHNOLOGY,
2018-2025 (USD MILLION) 124
TABLE 84 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR RESIDENTIAL SECURITY APPLICATION, BY TECHNOLOGY,
2018-2025 (USD MILLION) 124
TABLE 85 BIOMETRIC SYSTEM MARKET FOR RESIDENTIAL SECURITY APPLICATION,
BY REGION, 2018-2025 (USD MILLION) 124
10.9.2 COMMERCIAL SECURITY 125
10.9.2.1 Rising security concerns among enterprises drive adoption of biometric systems in commercial security applications 125
TABLE 86 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR COMMERCIAL SECURITY APPLICATION, BY TECHNOLOGY,
2018-2025 (USD MILLION) 125
TABLE 87 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR COMMERCIAL SECURITY APPLICATION, BY TECHNOLOGY,
2018-2025 (USD MILLION) 126
TABLE 88 BIOMETRIC SYSTEM MARKET FOR COMMERCIAL SECURITY APPLICATION,
BY REGION, 2018-2025 (USD MILLION) 126
10.10 OTHERS (ENTERTAINMENT, SPORTS, INDUSTRIAL, AND UTILITY) 126
TABLE 89 SINGLE-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2018-2025 (USD MILLION) 127
TABLE 90 MULTI-FACTOR AUTHENTICATION BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2018-2025 (USD MILLION) 127
TABLE 91 BIOMETRIC SYSTEM MARKET FOR OTHER VERTICALS, BY REGION,
2018-2025 (USD MILLION) 127

11 GEOGRAPHIC ANALYSIS 128
11.1 INTRODUCTION 129
FIGURE 31 GEOGRAPHIC SNAPSHOT: CHINA AND INDIA WOULD BE POTENTIAL MARKETS IN APAC FOR BIOMETRIC SYSTEMS DURING FORECAST PERIOD 129
FIGURE 32 BIOMETRIC SYSTEM MARKET IN ROW TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 130
TABLE 92 BIOMETRIC SYSTEM MARKET, BY REGION, 2018-2025 (USD BILLION) 130
TABLE 93 BIOMETRIC SYSTEM MARKET FOR SINGLE-FACTOR AUTHENTICATION,
BY REGION, 2018-2025 (USD BILLION) 131
TABLE 94 BIOMETRIC SYSTEM MARKET FOR MULTI-FACTOR AUTHENTICATION,
BY REGION, 2018-2025 (USD MILLION) 131
11.2 NORTH AMERICA 131
FIGURE 33 NORTH AMERICA: BIOMETRIC SYSTEM MARKET SNAPSHOT 132
TABLE 95 BIOMETRIC SYSTEM MARKET IN NORTH AMERICA, BY VERTICAL,
2018-2025 (USD MILLION) 133
TABLE 96 BIOMETRIC SYSTEM MARKET IN NORTH AMERICA FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 133
TABLE 97 BIOMETRIC SYSTEM MARKET IN NORTH AMERICA FOR MULTI-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 134
TABLE 98 BIOMETRIC SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY,
2018-2025 (USD BILLION) 134
11.2.1 US 134
11.2.1.1 US accounts for largest share of biometric system market in
North America 134
11.2.2 CANADA 135
11.2.2.1 Canada holds significant growth opportunities for biometric system market owing to high investments in biometric infrastructure 135
11.2.3 MEXICO 135
11.2.3.1 Mexican market growth is attributed to increasing government focus on brining political stability 135
11.3 EUROPE 136
FIGURE 34 EUROPE: BIOMETRIC SYSTEM MARKET SNAPSHOT 136
TABLE 99 BIOMETRIC SYSTEM MARKET IN EUROPE, BY VERTICAL,
2018-2025 (USD MILLION) 137
TABLE 100 BIOMETRIC SYSTEM MARKET IN EUROPE FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 137
TABLE 101 BIOMETRIC SYSTEM MARKET IN EUROPE FOR MULTI-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 138
TABLE 102 BIOMETRIC SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018-2025 (USD BILLION) 138
11.3.1 GERMANY 138
11.3.1.1 Germany accounts largest share of European biometric
system market 138
11.3.2 UK 139
11.3.2.1 Biometric system market in UK to grow with increasing government initiatives toward adoption of biometrics 139
11.3.3 FRANCE 139
11.3.3.1 Presence of biometric system manufacturers in country would
propel market growth 139
11.3.4 ITALY 140
11.3.4.1 Market in Italy to grow at highest CAGR during forecast period 140
11.3.5 REST OF EUROPE 140
11.4 APAC 140
FIGURE 35 APAC: BIOMETRIC SYSTEM MARKET SNAPSHOT 141
TABLE 103 BIOMETRIC SYSTEM MARKET IN APAC, BY VERTICAL,
2018-2025 (USD MILLION) 142
TABLE 104 BIOMETRIC SYSTEM MARKET IN APAC FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 142
TABLE 105 BIOMETRIC SYSTEM MARKET IN APAC FOR MULTI-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 143
TABLE 106 BIOMETRIC SYSTEM MARKET IN APAC, BY COUNTRY,
2018-2025 (USD BILLION) 143
11.4.1 CHINA 143
11.4.1.1 China accounts for largest share of biometric system market in APAC 143
11.4.2 JAPAN 144
11.4.2.1 Existence of leading biometric companies to fuel biometric system market growth in Japan 144
11.4.3 SOUTH KOREA 145
11.4.3.1 Adoption of biometrics in consumer electronics would spur growth of biometric system market in South Korea 145
11.4.4 INDIA 145
11.4.4.1 Government initiatives to provide improved services to citizens would propel biometric system market growth in India 145
11.4.5 REST OF APAC 146
11.5 ROW 146
TABLE 107 BIOMETRIC SYSTEM MARKET IN ROW, BY VERTICAL,
2018-2025 (USD MILLION) 146
TABLE 108 BIOMETRIC SYSTEM MARKET IN ROW FOR SINGLE-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 147
TABLE 109 BIOMETRIC SYSTEM MARKET IN ROW FOR MULTI-FACTOR AUTHENTICATION, BY TECHNOLOGY, 2018-2025 (USD MILLION) 147
TABLE 110 BIOMETRIC SYSTEM MARKET IN ROW, BY REGION,
2018-2025 (USD BILLION) 147
11.5.1 SOUTH AMERICA 148
11.5.1.1 Increasing demand for biometrics in government applications to accelerate market growth in South America 148
11.5.2 MIDDLE EAST & AFRICA 148
11.5.2.1 Growing investments in economic development to drive market in Middle East & Africa 148

12 COMPETITIVE LANDSCAPE 150
12.1 OVERVIEW 150
FIGURE 36 KEY DEVELOPMENTS IN BIOMETRIC SYSTEM MARKET (2017-2020) 150
12.2 MARKET SHARE ANALYSIS: BIOMETRIC SYSTEM MARKET 151
FIGURE 37 MARKET SHARES OF PLAYERS IN BIOMETRIC SYSTEM MARKET, 2019 151
12.3 COMPANY EVALUATION MATRIX 153
12.3.1 STARS 153
12.3.2 EMERGING LEADERS 153
12.3.3 PERVASIVE PLAYERS 153
12.3.4 PARTICIPANTS 153
FIGURE 38 BIOMETRIC SYSTEM MARKET (GLOBAL) COMPANY EVALUATION
MATRIX, 2019 154
12.4 STARTUP/SME EVALUATION MATRIX, 2019 155
12.4.1 PROGRESSIVE COMPANIES 155
12.4.2 RESPONSIVE COMPANIES 155
12.4.3 DYNAMIC COMPANIES 155
12.4.4 STARTING BLOCKS 155
FIGURE 39 BIOMETRIC SYSTEM MARKET: STARTUP/SME EVALUATION MATRIX, 2019 156

13 COMPANY PROFILES 157
13.1 KEY PLAYERS 157
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1.1 THALES GROUP 157
FIGURE 40 THALES GROUP: COMPANY SNAPSHOT 158
13.1.2 SAFRAN 161
FIGURE 41 SAFRAN: COMPANY SNAPSHOT 161
13.1.3 NEC 165
FIGURE 42 NEC: COMPANY SNAPSHOT 165
13.1.4 ASSA ABLOY 169
FIGURE 43 ASSA ABLOY: COMPANY SNAPSHOT 169
13.1.5 FUJITSU 172
FIGURE 44 FUJITSU: COMPANY SNAPSHOT 172
13.1.6 PRECISE BIOMETRICS 175
FIGURE 45 PRECISE BIOMETRICS: COMPANY SNAPSHOT 175
13.1.7 SECUNET SECURITY NETWORKS 178
FIGURE 46 SECUNET SECURITY NETWORKS: COMPANY SNAPSHOT 178
13.1.8 STANLEY BLACK & DECKER 180
FIGURE 47 STANLEY BLACK & DECKER: COMPANY SNAPSHOT 180
13.1.9 AWARE 182
FIGURE 48 AWARE: COMPANY SNAPSHOT 182
13.1.10 COGNITEC SYSTEMS 184
13.1.11 DAON 185
13.1.12 DERMALOG IDENTIFICATION SYSTEMS 186
13.1.13 NEUROTECHNOLOGY 187
13.1.14 INNOVATRICS 188
13.1.15 VERIDOS 189
13.1.16 ZETES INDUSTRIES 190
13.1.17 JUMIO 191
13.1.18 ONFIDO 192
13.1.19 IPROOV 193
13.1.20 FACETEC 194
13.1.21 ID R&D 195
13.1.22 MEGVII 196
13.1.23 SENSETIME 197
* Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
13.2 RIGHT TO WIN 198
13.3 OTHER PLAYERS 199
13.3.1 FACEBANX 199
13.3.2 BIO-KEY INTERNATIONAL 199
13.3.3 SECURIPORT 200
13.3.4 M2SYS TECHNOLOGY 200
13.3.5 SUPREMA HQ 201
13.3.6 FULCRUM BIOMETRICS 201
13.3.7 ONESPAN 202
13.3.8 QUALCOMM 203
13.3.9 INTEGRATED BIOMETRICS 203

14 APPENDIX 204
14.1 INSIGHTS FROM INDUSTRY EXPERTS 204
14.2 DISCUSSION GUIDE - BIOMETRIC SYSTEM MARKET 205
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 208
14.4 AVAILABLE CUSTOMIZATIONS 210
14.5 RELATED REPORTS 210
14.6 AUTHOR DETAILS 211