The North America Biometric Technology Market would witness market growth of 12.5% CAGR during the forecast period (2021-2027).
Biometrics technology reduces fraud and security breaches when compared to traditional approaches such as the usage of tokens and passwords. A biometrics system compares fingerprints or other recordable parts like the iris or the face using a reader, accompanying software, and a database, resulting in high accuracy and security. Moreover, increased usage of the technology in the e-commerce industry for safe payments is likely to propel the market further upwards during the forecast period.
During the forecast period, growing concerns about internal and external securities are likely to push the market. Additionally, rising usage of technology for employee authentication and attendance in the public and private sectors is expected to increase overall demand in the coming years. Furthermore, the increased implementation of biometrics systems in the BFSI sector for safeguarding financial transactions around the studied regions will bolster the market even more. In addition, the widespread use of advanced authentication and identification systems in smartphones and tablets is driving the demand for biometrics technology
Contact-less biometrics systems are widely being adopted in military and government applications, which is driving sales in North America. The deployment of biometric technology with face recognition, fingerprint, and iris scanning for border security by the El Paso Police Department in the United States, for example, is accelerating market expansion. The nVIAsoft Corporation, HID Global, and M2SYS Technology are among the leading market participants in the United States. Furthermore, being near to end users allows technology companies to gather regular feedback from them in order to enhance their products. The financial services industry is a hotbed of biometric authentication activities. Wells Fargo, Bank of America, Citibank, Mastercard, and other financial institutions in the region use a variety of technologies to authenticate their clients at ATMs, online, and at the point of sale, ranging from fingerprint readers to heartbeat-monitoring bracelets. An expanding availability of biometrics-enabled personal devices, such as Apple and Samsung's fingerprint scanning smartphones, is a major contributor to mobile biometrics growth.
The US market dominated the North America Biometric Technology Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $20,652.4 million by 2027. The Canada market is poised to grow at a CAGR of 15.1% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 14.1% during (2021 - 2027).
Based on Type, the market is segmented into Physiological Biometrics and Behavioral Biometrics. Based on Physiological Biometrics Type, the market is segmented into Face Recognition, Fingerprint Recognition, Iris Recognition, Hand Geometry, and Others. Based on Behavioral Biometrics Type, the market is segmented into Signature Recognition, Voice Recognition, and Others. Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Public Sector, BFSI, Healthcare, IT & Telecom, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Biometric Technology Market is Estimated to reach $85 Billion by 2027, at a CAGR of 14.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NEC Corporation, Thales Group S.A., Fujitsu Limited, ImageWare Systems, Inc., Precise Biometrics AB, BIO-key International, Inc., Secunet Security Networks AG, Suprema, Inc., IDEMIA SAS, and HID Global Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Physiological Biometrics
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Hand Geometry
- Others
- Behavioral Biometrics
- Signature Recognition
- Voice Recognition
- Others
By Component
By End User
- Public Sector
- BFSI
- Healthcare
- IT & Telecom
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- NEC Corporation
- Thales Group S.A.
- Fujitsu Limited
- ImageWare Systems, Inc.
- Precise Biometrics AB
- BIO-key International, Inc.
- Secunet Security Networks AG
- Suprema, Inc.
- IDEMIA SAS
- HID Global Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Biometric Technology Market, by Type
1.4.2 North America Biometric Technology Market, by Component
1.4.3 North America Biometric Technology Market, by End User
1.4.4 North America Biometric Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Jul – 2022, Feb) Leading Players
Chapter 4. North America Biometric Technology Market by Type
4.1 North America Physiological Biometrics Market by Country
4.2 North America Biometric Technology Market by Physiological Biometrics Type
4.2.1 North America Face Recognition Market by Country
4.2.2 North America Fingerprint Recognition Market by Country
4.2.3 North America Iris Recognition Market by Country
4.2.4 North America Hand Geometry Market by Country
4.2.5 North America Others Market by Country
4.3 North America Behavioral Biometrics Market by Country
4.4 North America Biometric Technology Market by Behavioral Biometrics Type
4.4.1 North America Signature Recognition Market by Country
4.4.2 North America Voice Recognition Market by Country
4.4.3 North America Others Market by Country
Chapter 5. North America Biometric Technology Market by Component
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
Chapter 6. North America Biometric Technology Market by End User
6.1 North America Public Sector Market by Country
6.2 North America BFSI Market by Country
6.3 North America Healthcare Market by Country
6.4 North America IT & Telecom Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Biometric Technology Market by Country
7.1 US Biometric Technology Market
7.1.1 US Biometric Technology Market by Type
7.1.1.1 US Biometric Technology Market by Physiological Biometrics Type
7.1.1.2 US Biometric Technology Market by Behavioral Biometrics Type
7.1.2 US Biometric Technology Market by Component
7.1.3 US Biometric Technology Market by End User
7.2 Canada Biometric Technology Market
7.2.1 Canada Biometric Technology Market by Type
7.2.1.1 Canada Biometric Technology Market by Physiological Biometrics Type
7.2.1.2 Canada Biometric Technology Market by Behavioral Biometrics Type
7.2.2 Canada Biometric Technology Market by Component
7.2.3 Canada Biometric Technology Market by End User
7.3 Mexico Biometric Technology Market
7.3.1 Mexico Biometric Technology Market by Type
7.3.1.1 Mexico Biometric Technology Market by Physiological Biometrics Type
7.3.1.2 Mexico Biometric Technology Market by Behavioral Biometrics Type
7.3.2 Mexico Biometric Technology Market by Component
7.3.3 Mexico Biometric Technology Market by End User
7.4 Rest of North America Biometric Technology Market
7.4.1 Rest of North America Biometric Technology Market by Type
7.4.1.1 Rest of North America Biometric Technology Market by Physiological Biometrics Type
7.4.1.2 Rest of North America Biometric Technology Market by Behavioral Biometrics Type
7.4.2 Rest of North America Biometric Technology Market by Component
7.4.3 Rest of North America Biometric Technology Market by End User
Chapter 8. Company Profiles
8.1 NEC Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Thales Group S.A.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research and Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 Fujitsu Limited (Fujitsu Frontech Limited)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 ImageWare Systems, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Research & Development Expenses
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Product Launches and Product Expansions:
8.5 Precise Biometrics AB
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.6 BIO-key International, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Research & Development Expenses
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Product Launches and Product Expansions:
8.6.4.3 Acquisition and Mergers:
8.7 Secunet Security Networks AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 Suprema, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 IDEMIA SAS (Advent International, Inc.)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Product Launches and Product Expansions:
8.10. HID Global Corporation
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Product Launches and Product Expansions:
8.10.2.3 Acquisition and Mergers:
TABLE 1 North America Biometric Technology Market, 2017 - 2020, USD Million
TABLE 2 North America Biometric Technology Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Biometric Technology Market
TABLE 4 Product Launches And Product Expansions – Biometric Technology Market
TABLE 5 Acquisition and Mergers – Biometric Technology Market
TABLE 6 North America Biometric Technology Market by Type, 2017 - 2020, USD Million
TABLE 7 North America Biometric Technology Market by Type, 2021 - 2027, USD Million
TABLE 8 North America Physiological Biometrics Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Physiological Biometrics Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Biometric Technology Market by Physiological Biometrics Type, 2017 - 2020, USD Million
TABLE 11 North America Biometric Technology Market by Physiological Biometrics Type, 2021 - 2027, USD Million
TABLE 12 North America Face Recognition Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Face Recognition Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Fingerprint Recognition Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Fingerprint Recognition Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Iris Recognition Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Iris Recognition Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Hand Geometry Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Hand Geometry Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Behavioral Biometrics Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Behavioral Biometrics Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Biometric Technology Market by Behavioral Biometrics Type, 2017 - 2020, USD Million
TABLE 25 North America Biometric Technology Market by Behavioral Biometrics Type, 2021 - 2027, USD Million
TABLE 26 North America Signature Recognition Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Signature Recognition Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Voice Recognition Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Voice Recognition Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Biometric Technology Market by Component, 2017 - 2020, USD Million
TABLE 33 North America Biometric Technology Market by Component, 2021 - 2027, USD Million
TABLE 34 North America Hardware Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Hardware Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Software Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Software Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Biometric Technology Market by End User, 2017 - 2020, USD Million
TABLE 39 North America Biometric Technology Market by End User, 2021 - 2027, USD Million
TABLE 40 North America Public Sector Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Public Sector Market by Country, 2021 - 2027, USD Million
TABLE 42 North America BFSI Market by Country, 2017 - 2020, USD Million
TABLE 43 North America BFSI Market by Country, 2021 - 2027, USD Million
TABLE 44 North America Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 46 North America IT & Telecom Market by Country, 2017 - 2020, USD Million
TABLE 47 North America IT & Telecom Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 50 North America Biometric Technology Market by Country, 2017 - 2020, USD Million
TABLE 51 North America Biometric Technology Market by Country, 2021 - 2027, USD Million
TABLE 52 US Biometric Technology Market, 2017 - 2020, USD Million
TABLE 53 US Biometric Technology Market, 2021 - 2027, USD Million
TABLE 54 US Biometric Technology Market by Type, 2017 - 2020, USD Million
TABLE 55 US Biometric Technology Market by Type, 2021 - 2027, USD Million
TABLE 56 US Biometric Technology Market by Physiological Biometrics Type, 2017 - 2020, USD Million
TABLE 57 US Biometric Technology Market by Physiological Biometrics Type, 2021 - 2027, USD Million
TABLE 58 US Biometric Technology Market by Behavioral Biometrics Type, 2017 - 2020, USD Million
TABLE 59 US Biometric Technology Market by Behavioral Biometrics Type, 2021 - 2027, USD Million
TABLE 60 US Biometric Technology Market by Component, 2017 - 2020, USD Million
TABLE 61 US Biometric Technology Market by Component, 2021 - 2027, USD Million
TABLE 62 US Biometric Technology Market by End User, 2017 - 2020, USD Million
TABLE 63 US Biometric Technology Market by End User, 2021 - 2027, USD Million
TABLE 64 Canada Biometric Technology Market, 2017 - 2020, USD Million
TABLE 65 Canada Biometric Technology Market, 2021 - 2027, USD Million
TABLE 66 Canada Biometric Technology Market by Type, 2017 - 2020, USD Million
TABLE 67 Canada Biometric Technology Market by Type, 2021 - 2027, USD Million
TABLE 68 Canada Biometric Technology Market by Physiological Biometrics Type, 2017 - 2020, USD Million
TABLE 69 Canada Biometric Technology Market by Physiological Biometrics Type, 2021 - 2027, USD Million
TABLE 70 Canada Biometric Technology Market by Behavioral Biometrics Type, 2017 - 2020, USD Million
TABLE 71 Canada Biometric Technology Market by Behavioral Biometrics Type, 2021 - 2027, USD Million
TABLE 72 Canada Biometric Technology Market by Component, 2017 - 2020, USD Million
TABLE 73 Canada Biometric Technology Market by Component, 2021 - 2027, USD Million
TABLE 74 Canada Biometric Technology Market by End User, 2017 - 2020, USD Million
TABLE 75 Canada Biometric Technology Market by End User, 2021 - 2027, USD Million
TABLE 76 Mexico Biometric Technology Market, 2017 - 2020, USD Million
TABLE 77 Mexico Biometric Technology Market, 2021 - 2027, USD Million
TABLE 78 Mexico Biometric Technology Market by Type, 2017 - 2020, USD Million
TABLE 79 Mexico Biometric Technology Market by Type, 2021 - 2027, USD Million
TABLE 80 Mexico Biometric Technology Market by Physiological Biometrics Type, 2017 - 2020, USD Million
TABLE 81 Mexico Biometric Technology Market by Physiological Biometrics Type, 2021 - 2027, USD Million
TABLE 82 Mexico Biometric Technology Market by Behavioral Biometrics Type, 2017 - 2020, USD Million
TABLE 83 Mexico Biometric Technology Market by Behavioral Biometrics Type, 2021 - 2027, USD Million
TABLE 84 Mexico Biometric Technology Market by Component, 2017 - 2020, USD Million
TABLE 85 Mexico Biometric Technology Market by Component, 2021 - 2027, USD Million
TABLE 86 Mexico Biometric Technology Market by End User, 2017 - 2020, USD Million
TABLE 87 Mexico Biometric Technology Market by End User, 2021 - 2027, USD Million
TABLE 88 Rest of North America Biometric Technology Market, 2017 - 2020, USD Million
TABLE 89 Rest of North America Biometric Technology Market, 2021 - 2027, USD Million
TABLE 90 Rest of North America Biometric Technology Market by Type, 2017 - 2020, USD Million
TABLE 91 Rest of North America Biometric Technology Market by Type, 2021 - 2027, USD Million
TABLE 92 Rest of North America Biometric Technology Market by Physiological Biometrics Type, 2017 - 2020, USD Million
TABLE 93 Rest of North America Biometric Technology Market by Physiological Biometrics Type, 2021 - 2027, USD Million
TABLE 94 Rest of North America Biometric Technology Market by Behavioral Biometrics Type, 2017 - 2020, USD Million
TABLE 95 Rest of North America Biometric Technology Market by Behavioral Biometrics Type, 2021 - 2027, USD Million
TABLE 96 Rest of North America Biometric Technology Market by Component, 2017 - 2020, USD Million
TABLE 97 Rest of North America Biometric Technology Market by Component, 2021 - 2027, USD Million
TABLE 98 Rest of North America Biometric Technology Market by End User, 2017 - 2020, USD Million
TABLE 99 Rest of North America Biometric Technology Market by End User, 2021 - 2027, USD Million
TABLE 100 key information – NEC Corporation
TABLE 101 key information – Thales Group S.A.
TABLE 102 Key Information – Fujitsu Limited
TABLE 103 Key information – ImageWare Systems, Inc.
TABLE 104 Key information – Precise Biometrics AB
TABLE 105 Key information – BIO-key International, Inc.
TABLE 106 Key information – secunet Security Networks AG
TABLE 107 Key information – Suprema, Inc.
TABLE 108 Key Information – IDEMIA SAS
TABLE 109 Key information – HID Global Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Jul – 2022, Feb) Leading Players
FIG 5 SWOT Analysis: NEC Corporation
FIG 6 Recent strategies and developments: Thales Group S.A.
FIG 7 Recent strategies and developments: Fujitsu Limited
FIG 8 SWOT Analysis: Fujitsu Limited
FIG 9 Recent strategies and developments: ImageWare Systems, Inc.
FIG 10 Recent strategies and developments: Precise Biometrics AB
FIG 11 Recent strategies and developments: BIO-key International, Inc.
FIG 12 Recent strategies and developments: Suprema, Inc.
FIG 13 Recent strategies and developments: IDEMIA SAS
FIG 14 Recent strategies and developments: HID Global Corporation