The biometrics in government market is expected to gain significant growth in the forecast period of 2021 to 2028. 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.
BIOMETRICS IN GOVERNMENT MARKET research report deals with bountiful of important market related aspects which are; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. This market study also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The wide-ranging BIOMETRICS IN GOVERNMENT MARKET report studies rising opportunities in the market and associated influencing factors which are valuable for the businesses.
Biometrics in Government Market Scope & Size:
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. In 2021, single factor authentication segment is expected to dominate the market as the system is faster and simple in terms of deployment.
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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?
What has been the impact of COVID-16.8 on the Biometrics in Government Market?
What are the key regional markets?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the injury location?
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
Countries covered in the biometrics in government market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina, Colombia, Peru, Chile, Venezuela, Ecuador, and Rest of South America.
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
HID Global Corporation
Shenzhen Goodix Technology Co.
Beijing Kuangshi Technology Co. Ltd.
BioEnable Technologies Pvt. Ltd.
BIO-key International Cognitec Systems GmbH, 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 Market Share by Product & Procedure type
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