Report Highlights
Biometric Market Size And Forecast
According to Verified Market Research, Global Biometric Market was valued at USD 27.61 Billion in 2018 and is projected to reach USD 76.78 Billion by 2026, growing at a CAGR of 13.6% from 2019 to 2026.
Global Biometric Market Outlook
The increasing demand for security and surveillance owing to the emergence of factors such as the threat of terrorist attacks is the major factor for fueling the growth of the market. In addition, the growing utilization of biometrics as the security identity management in the IT organizations, healthcare sectors is another factor propelling the growth of the market. Moreover, the rising government initiatives for promoting the adaption of biometrics impose a positive outlook on the market growth. However, the huge cost of deployment is expected to hamper the market growth.
Global Biometric Market Competitive Landscape
The Global Biometric Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Precise Biometrics, Inc., Thales Group, Safran, NEC Corporation, ASSA ABLOY AB, Fujitsu Ltd., Secunet Security Networks AG, Stanley Black & Decker, Inc., Aware and Cognitec Systems GmbH.
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