Middle East & Africa Biometric Technology Market Size & Outlook
Middle East & Africa biometric technology market, 2018-2030 (US$M)
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MEA biometric technology market highlights
- The MEA biometric technology market generated a revenue of USD 3,350.2 million in 2023.
- The market is expected to grow at a CAGR of 20.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 3,350.2 million |
| Market revenue in 2030 | USD 12,498.0 million |
| Growth rate | 20.7% (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 |
| 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, MEA region accounted for 8.2% of the global biometric technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,451.6 million by 2030.
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Biometric Technology Market Scope
Biometric Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 Middle East & Africa biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
In the MEA, various end use industries have started adopting contactless Biometric solutions owing to the spread of COVID-19. This is anticipated to propel the regional market growth over the forecast period.
For instance, in June 2020, Abu Dhabi International Airport deployed touchless gesture recognition technology to prevent the spread of COVID-19. The demand for enhancing traveler experience by adopting biometric system, which eliminates the need for passport or boarding pass and use facial and iris recognition for traveler identification, is increasing in the UAE.
For instance, Dubai International Airport (DXB) implemented iris and facial recognition for traveler identification. This is anticipated to drive market growth in the MEA region over the forecast period.
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Our clientele includes a mix of biometric technology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa biometric technology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa biometric technology market
Middle East & Africa Biometric Technology Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa biometric technology market
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