Global Biometric Technology Market Size & Outlook
Global biometric technology market, 2018-2030 (US$M)
Related Markets
Global biometric technology market highlights
- The global biometric technology market generated a revenue of USD 41,085.6 million in 2023 and is expected to reach USD 150,578.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20.4% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 17,385.4 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 41,085.6 million |
| Market revenue in 2030 | USD 150,578.9 million |
| Growth rate | 20.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 30.4% of the global biometric technology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 24,343.1 million by 2030.
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Biometric Technology Market Scope
Biometric Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global biometric technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biometric technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.32% in 2023. Horizon Databook has segmented the Global biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biometric Technology Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Service
- Global Biometric Technology Offering Outlook (Revenue, USD Million, 2018-2030)
- Contact
- Contactless
- Hybrid
- Global Biometric Technology Authentication Type Outlook (Revenue, USD Million, 2018-2030)
- Single Factor
- Two Factor
- Three Factor
- Four Factor
- Five Factor
- Global Biometric Technology Application Outlook (Revenue, USD Million, 2018-2030)
- Face
- Hand Geometry
- Voice
- Signature
- Iris
- AFIS
- Non-AFIS
- Others
- Global Biometric Technology End-Use Outlook (Revenue, USD Million, 2018-2030)
- Government
- Banking and Finance
- Consumer Electronics
- Healthcare
- Transport/Logistics
- Defense & Security
- Others
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Target buyers of Global biometric technology market databook
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Our clientele includes a mix of biometric technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global biometric technology market , including forecasts for subscribers. This global databook contains high-level insights into Global biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global biometric technology market size, by region, 2018-2030 (US$M)
Top 10 countries: Biometric technology market size, 2023 (US$M)
Global biometric technology market share, by component, 2023 & 2030 (%, US$M)
Biometric technology market: Opportunity assessment by country
Global biometric technology market, by region, 2023 (US$M)
Related industry reports
Related regional statistics
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