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Biometrics in Government Market Growth Rate & Industry Challenge in 2028

Submitted by Sarthak on Fri, 04/21/2023 - 01:07

Data Bridge Market Research analyses that the market is growing with a CAGR of 14.7% in the forecast period of 2021 to 2028 and is expected to reach USD 24,272.95 million by 2028.

By working with a number of steps of collecting and analyzing market data, the finest Biometrics in Government Market research report is framed with the expert team. Being an outstanding resource of market info, the market document provides recent as well as upcoming technical and financial details of the industry to 2029. The market study and analysis of this market document also lends a hand to figure out types of consumers, their views about the product, their buying intentions and their ideas for advancement of a product. Biometrics in Government Market analysis report comprises of various segments linked to SEMICONDUCTORS AND ELECTRONICS industry and market with comprehensive research and analysis.

Biometrics in Government Market Scope & Size:

The biometrics in government market is segmented on the basis of the mode, components, type, authentication, and application.  

On the basis of mode, the biometrics in government market is segmented into fingerprint recognition, face recognition, iris recognition, palmprint recognition, vein recognition, signature recognition, voice recognition, and others. In 2021, fingerprint recognition segment is expected to dominate the market owing to high speed of detection and lower cost of deployment.
On the basis of components, the biometrics in government market is segmented into hardware and software. In 2021, hardware segment is expected to dominate the market due to higher revenue generated by this segment as compared to software per devices/system deployed.
On the basis of type, the biometrics in government market is segmented into contactless, contact-based and hybrid/multimodal. In 2021, contactless segment is expected to dominate the market due concerns among consumers for hi-tech security.
On the basis of authentication, the biometrics in government market is segmented into single factor authentication and multiple factor authentication.

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Some of the key questions answered in this report:

How has the Biometrics in Government Market performed so far and how will it perform in the coming years?

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What are the key regional markets?
What is the breakup of the market based on the procedure?
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What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Biometrics in Government Market and who are the key players?
What is the degree of competition in the industry?

 

Market Analysis and Insight:  Biometrics in Government Market

Biometrics is the measurement and statistical analysis of people's unique physical and behavioral characteristics. The technology is mainly used for identification and access control or for identifying individuals who are under surveillance. The basic premise of biometric authentication is that every person can be accurately identified by their intrinsic physical or behavioral traits. The term biometrics is derived from the Greek words bio, meaning life, and metric, meaning to measure. At the Department of Homeland Security, biometrics are used to detect and prevent illegal entry into the U.S., grant and administer proper immigration benefits, vetting and credentialing, facilitating legitimate travel and trade, enforcing federal laws, and enabling verification for visa applications. Biometrics in the government is majorly used for security and surveillance purposes in places of high risk and protection of sensitive information.
Rising use of biometrics in government for maintenance of central database of citizens for national ID is the major driving factor expected to boost the market growth. However, the risk of security due to data breach can prove to be a challenge for market growth. On the other hand, advancements in technologies in Biometrics in government are expected to act as a major opportunity. Furthermore, hindrances due to high deployment cost may restrain the market growth in the forecast period.

Biometrics in Government Market- Regional Level Analysis

The countries covered in the Biometrics in Government Market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).

Biometrics in Government Market- Share Analysis: 

Biometrics in government market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to biometrics in government market.

Key player - Biometrics in Government Market 

Major companies operating in the biometrics in government market are

Paravision
Thales Group
NEC Corporation
HID Global Corporation
IDEMIA
Shenzhen Goodix Technology Co.
Aratek, Aware Inc.
Beijing Kuangshi Technology Co. Ltd.
BioEnable Technologies Pvt. Ltd.
BIO-key International Cognitec Systems GmbH
FUJITSU, id3 Technologies, and other in domestic players.

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 MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: Biometrics in Government MarketShare by Product & Procedure type

 

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