North America Biometric Technology Market Size & Outlook
North America biometric technology market, 2018-2030 (US$M)
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North America biometric technology market highlights
- The North America biometric technology market generated a revenue of USD 12,482.2 million in 2023.
- The market is expected to grow at a CAGR of 19.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 12,482.2 million |
| Market revenue in 2030 | USD 42,613.8 million |
| Growth rate | 19.2% (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, North America region accounted for 30.4% 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 |
|---|
North America 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 42.38% in 2023. Horizon Databook has segmented the North America biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
North America has many biometric technology providers’ presence, and their focus on continuous development in biometric technology is also contributing to the regional market growth. For instance, a global biometric security and access control player Suprema launched an updated X-station 2, an access control terminal that supports fingerprint authentication.
A strong emphasis on safety and the rising demand for Biometric in commercial authentication and identification applications are anticipated to drive the growth of the biometric market in the North American region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America biometric technology market , including forecasts for subscribers. This continent databook contains high-level insights into North America biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America biometric technology market size, by country, 2018-2030 (US$M)
North America Biometric Technology Market Outlook Share, 2023 & 2030 (US$M)
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