Middle East & Africa Contactless Biometrics Technology Market Size & Outlook
Middle East & Africa contactless biometrics technology market, 2017-2030 (US$M)
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MEA contactless biometrics technology market highlights
- The MEA contactless biometrics technology market generated a revenue of USD 1,080.7 million in 2023.
- The market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, software 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 1,080.7 million |
| Market revenue in 2030 | USD 3,298.0 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 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 | Aware Inc, Fingerprint Cards AB Class B, Fujitsu Ltd, NEC Corp, Thales, Assa Abloy AB Class B, M2SYS Technology, nVIAsoft |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.4% of the global contactless biometrics technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 16,474.0 million by 2030.
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Contactless Biometrics Technology Market Scope
Contactless Biometrics Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa contactless biometrics 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 contactless biometrics technology market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 44.47% in 2023. Horizon Databook has segmented the Middle East & Africa contactless biometrics technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of contactless biometrics 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 contactless biometrics technology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa contactless biometrics technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa contactless biometrics technology market
Middle East & Africa Contactless Biometrics Technology Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa contactless biometrics technology market
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