Data Bridge Market Research analyses that the Fixed Biometric Authentication and Identification Market which was growing at a value of 38.77 billion in 2021 and is expected to reach the value of USD 115.34 billion by 2029, at a CAGR of 14.60% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Technological advancements, from paper to electronic to digital to biometric, have significantly impacted the economy. This advancement has improved the operating capacities of many industries, including the automotive, manufacturing, and construction sectors, in terms of improved safety measures, connectivity, cost savings, and user convenience. When combined with AI, this technology has begun to generate significant growth opportunities in a variety of industries, including gaming, social networking, and e-commerce.
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Global Fixed Biometric Authentication and Identification Market Drivers
- Improvisation and implementation of advanced security parameters
Security is critical for everyone, and many new technologies and developments are being implemented to improve security everywhere. Many different security devices with image recognition have been developed today. People's safety and security are enhanced by facial recognition biometric devices, security cameras, and drones. This image recognition technology is used in various products, including gaming and retail, because it improves people's overall experiences and creates a new platform for them.
Some of the major players operating in the fixed biometric authentication and identification market are:
- NEC Corporation (Japan)
- CardLogix Corporation (U.S.)
- Fujitsu (Japan)
- Thales (France)
- Integrated Biometrics (U.S.)
- Iris ID, Inc. (U.S.)
- Suprema, Inc. (South Korea)
- HID Global Corporation (U.S.)
- Precise Biometrics (Sweden)
- Aware, Inc. (U.S.)
- Daon, Inc. (U.S.)
- M2SYS Technology (U.S.)
- BIO-key International (U.S.)
- Cognitec Systems GmbH (Germany)
- BioRugged (South Africa)
- DERMALOG Identification Systems GmbH (Germany)
- IDEMIA (France)
- Imageware (U.S.).
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Fixed Biometric Authentication and Identification Market Regional Analysis/Insights
The countries covered in the fixed biometric authentication and identification market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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