RELATED SERVICE:
Trusted Device Solutions
Actionable Benefits
- Analyze the COVID-19 ramifications on the biometrics landscape and identify the opportunities into all key biometrics markets including government, law enforcement, border control, enterprise and consumer.
- Gain a deeper understanding of the biometrics hardware market and develop a better-boned digital security strategy.
- Gain insight into shipments, revenue and average selling prices for biometric devices based on fingerprint, iris, face and vein recognition.
Research Highlights
- After a crushing blow to biometric device shipments during the course of the pandemic sinking global revenues during 2020 and 2021, the biometrics market is starting to pick. Hygiene concerns are more noticeable in APAC but have significantly diminished across NA, WEU and EEU.
- Pandemic-related restrictions and mandates have been greatly reduced worldwide - especially during the current quarter (Q2 2022). Market-wise this is translated into more access control and biometric registration projects being unfrozen. Contactless biometrics are quite versatile in adapting to new applications, but the test-tested fingerprint technologies managed to endure across most government and security.
- The uncertainty due to the still-persisting supply chain disruption has affected all markets. However, the conflict at the borders of Europe has caused a rapid increase of security and defence budgets of European economies. This is reflected through higher levels of sales of biometric identification devices meant for border control and law enforcement.
- Civil biometric applications are also expected to increase in the next five years in collaboration with banking and welfare initiatives. Countries in Africa and Middle East are expected to leverage biometric civil ID in more electoral, educational and welfare projects.
Critical Questions Answered
- How is the global biometrics market evolving over time?
- Which modalities are more prevalent in each vertical and which ones are the most profitable?
- Which biometric devices and markets should implementers invest towards - both for the long-term and near-future?
Who Should Read This?
- Biometric hardware manufacturers and vendors.
- Digital security players, biometric software and algorithm developers.
- System integrators and service providers.
- Governmental, regulatory and standardization organizations.
Companies Mentioned
