Germany Biometric Technology Market Size & Outlook
Germany biometric technology market, 2018-2030 (US$M)
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Germany biometric technology market highlights
- The Germany biometric technology market generated a revenue of USD 2,947.7 million in 2023 and is expected to reach USD 10,575.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 20% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
Biometric technology market data book summary
| Market revenue in 2023 | USD 2,947.7 million |
| Market revenue in 2030 | USD 10,575.4 million |
| Growth rate | 20% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Bio-K+ International, Fujitsu Ltd, Assa Abloy AB ADR, IDEMIA, LG Electronics Inc ADR, NEC Corp, Accu-Time Systems, AFIX Biometric Identification, DERMALOG, Gemalto |
Other key industry trends
- In terms of revenue, Germany accounted for 7.2% of the global biometric technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany biometric technology market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10,575.4 million by 2030.
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Biometric Technology Market Scope
Biometric Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 42.12% in 2023. Horizon Databook has segmented the Germany biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
The growing number of data security breaches is expected to accelerate the deployment of fingerprint sensors in Germany, resulting in increased adoption of biometric technology. The significant increase in investment in telecommunications technologies such as 4G/5G is expected to boost smartphone adoption, facilitating the growth of the Biometric technology market in Germany.
Biometric access control systems are increasingly being used at national or regional borders to track and manage the flow of people, databases, and documents, ensuring border security. The Federal Police in Germany is focusing on adopting biometric technology to offer better security.
For instance, in April 2019, the Federal German Police adopted Livetouch Quattro, a ten-print fingerprint scanner developed by Jenetric GmbH, a manufacturer of biometric fingerprint scanners, to provide better border security in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany biometric technology market , including forecasts for subscribers. This country databook contains high-level insights into Germany biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany biometric technology market size, by component, 2018-2030 (US$M)
Germany Biometric Technology Market Outlook Share, 2023 & 2030 (US$M)
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