Market Forecasts and Industry Analysis Biometrics Market Shares, Market Strategies, and M

Biometrics Market to 2021 – Industry Survey,
Market Size, Competitive Trends
“It had a prior estimated revenue totaling USD 7
billion in 2014. Use of this technology to get rid of
terrorist concerns will spur market demand in the
years ahead.”
The Global biometrics market is projected to attain USD 44.2 billion by 2021. It had a prior estimated
revenue totaling USD 7 billion in 2014. Biometrics in commercial and government sectors can serve
as identity proof. Use of this technology to get rid of terrorist concerns will spur market demand in the
years ahead.
Biometrics can identify a person based on its physical characteristics. Common characteristics are
DNA, fingerprints, voice, and face. Most modern hybrid biometrics employs onboard fingerprint
readers. Portability issues have led to breakthroughs resulting in different weights, sizes, and battery
length.
Thwarting terrorist attacks, attempt to lower crime rates, and enforcing airport security have resulted
in increased investment in the biometrics market. Government projects that have adopted the
technology to include ePassports, eDriving licenses, national IDs, and border management.
TYPES OF BIOMETRIC DEVICES
• Automated fingerprint identification systems (AFIS)
• Palm and vein reading systems that supplement AFIS
• Non-automated fingerprint identification systems
• Facial recognition
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