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Published Date: 2017-10-10Number of Pages: 170

Government Biometrics Market - (Technology - Fingerprint Recognition, Facial Recognition, Iris/Retinal Recognition, Signature Recognition, Voice Recognition, and Hand Recognition; Authentication - Single Factor Authentication and Multi-Factor Authentication; Application - Border Control, Public Safety, E-Passport, Voter Registration, Latent Print Matching, National ID, and Healthcare and Welfare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Government Biometrics Market: Overview

Biometrics have emerged as a vital component of identity management world over as these are considered better than various traditional knowledge-based systems, notably password systems. There is a rising adoption of various biometric technology for border control, public safety, voter registration, latent print matching, and healthcare and welfare. A number of government programs on biometrics pertaining to e-passports and national IDs for citizens in several developing countries in recent years is a key factor accentuating the market. The demand for biometrics by law and security enforcement agencies in numerous developed nations to thwart security attacks is a key factor boosting the implementation. The concerted efforts of government agencies in transitioning to advanced biometrics system in for a universal identification of the individuals has bolstered the uptake. A growing number of government agencies are adopting biometrics to foster healthcare and welfare of the citizens by linking them to social security schemes.

The global government biometrics market is expected to be valued at US$4,996.5 Mn by 2017 end. Rising at a CAGR of 11.5% during 2017–2022, the market is expected to reach US$8,605.2 by the end of 2022.

government biometrics market

Fingerprint Recognition Most Attractive Technology Segment

The major biometrics technologies are fingerprint recognition, facial recognition, iris/retinal recognition, signature recognition, voice recognition, and hand recognition. Of these, fingerprint recognition is projected to be most lucrative biometric technology segment over the forecast period. The segments is projected to hold the dominant share of 31.8% by 2017 end representing US$1,589.5 Mn of the market. Rising at a healthy CAGR of 12.8%, the segment is expected to be worth US$2,901.3 Mn by the end of 2022. This represents a share of 33.7%. The segment is growing at an annual rate of US$ 262.4 Mn from 2017 to 2022. The dominance of this segment is attributed to its wide application in e-passports, e-visas, driving licenses, and national IDs in various parts of the world, mainly in the travel and immigration sector.

The extensive use of fingerprint biometrics for controlling access to security-restricted buildings is further expected to accentuate the market.

North America Estimated to be Major Revenue Producing Region

The major regional markets profiled in the report are North America, Latin America, the Middle East and Africa (MEA), Europe, Asia Pacific excluding Japan (APEJ), and Japan. Of these, North America is projected to be the dominant regional market, in terms of revenue. The regional market is projected to rise from US$1,494.9 Mn in 2017 to US$2,510.4 Mn by the end of 2022. The North America market is estimated to rise at a compound annual growth rate of 10.9% during 2017 - 2022. A large number of trials in biometrics and program implementation cases among federal agencies in the U.S. are substantially boosting the regional market.

Meanwhile, the Europe government biometrics market is projected to embark on a healthy annual growth, estimated to be US$ 745.9 Mn during 2017 - 2022.

APEJ and MEA to Offer Promising Growth Avenues

Asia Pacific excluding Japan and the Middle East and Africa are expected to rise at a promising pace, each registering a CAGR of 13.1% from 2017 to 2022. The APEJ government biometrics market is expected to reach a valuation of US$2,548.1 Mn by the end of the forecast period. The MEA being a relatively smaller market is projected to reach US$ 768.9 Mn by the end of the same year.

Competitive Analysis

Some of the leading players profiled in the report are Daon Inc., Gemalto N.V., Safran Electronics & Defense SAS, NEC Corporation, Fujitsu, BIO-Key International, Inc., Precise Biometrics AB, Secunet Security Networks AG, Thales SA, and Aware, Inc. Several players are keen on developing advanced biometrics modality that are error-free, accurate, and cannot be fudged, in order to gain a competitive edge over others. 

Global Government Biometrics Market: Overview

The new report on global government biometrics offers a comprehensive insight into key market dynamics, notable trends, major developments, extensive profile of key players and their offerings, and competitive landscape. The study provides a detailed assessment of various technologies and their scope in various regional markets. It offers the market share and size of various segments based on technology, authentication, and application. The well-researched study takes a closer look at the revenue share and other key figures during the historical period of 2012–2016 and offers projections for the same during the forecast period (2017–2022). Evaluating various prominent trends, the findings offered in the report gives a clear indication of the growth trajectory in the coming years. The study helps market participants identify lucrative avenues and imminent investment pockets in various regions.

The global government biometrics market is projected to rise from a valuation of US$4,996.5 Mn in 2017 to reach US$8,605.2 by 2022 end. The market worldwide market is anticipated to register a CAGR of 11.5% from 2017 to 2022.

Global Government Biometrics Market: Dynamics

The report offers an in-depth analysis of key drivers and restraining factors, crucial implementation challenges, recent technological advancements, and cost structure and pricing strategy. The study takes a closer look at promising opportunities for market players. The burgeoning adoption of biometric system by various government agencies for public safety, voters’ registration, and national IDs is a key factor boosting the market. The pressing need for a reliable, accurate, and convenient individual identification of populations has stoked the demand for biometrics among these agencies. There is a rapidly growing demand for various biometric modalities including fingerprint recognition, facial recognition, and retinal recognition among law enforcement agencies and border protection and custom officers.

The widely prevalent concerns of security and privacy of biometrics among populations and their consequent effect on restriction on civil liberties are key factors likely to hamper the demand for government biometrics. Nevertheless, the marked success of several biometric trials conducted in several developing and developed nations in recent years is expected to accentuate the government biometrics market.

Global Government Biometrics Market: Segmentation

The report offers insights into detailed segmentation and elaborates on the share and size of various segments. It further includes a granular comparative analysis of their revenue across various regions and takes a closer look at the year-on-year growth over the historical period. Prominent factors affecting the implementation rates of various application and technology segments are highlighted in the study.

The report segments the global government biometrics market based on technology, application, authentication, and geography. On the basis of technology, the market is sub-segmented into fingerprint recognition, facial recognition, iris/retinal recognition, signature recognition, voice recognition, hand recognition, and others. Of these, the fingerprint recognition sub-segment leads the market for biometrics technology and is growing at the dominant rate vis-à-vis absolute growth over 2017–2022. The segment is projected to reach a valuation of US$ 2,901.3 Mn by the end of the forecast period. This is attributed to the large-scale adoption of this modality in the travel and immigration sector in various parts of the world, notably among law enforcement agencies.

On the basis of application, the report segments the global government biometrics market into border control, public safety, e-passport, voter registration, latent print matching, national ID, healthcare and welfare, and others. Based on authentication, the market is bifurcated into single factor and multi-factor authentication.

On the basis of region, the report segments the global government biometrics market into North America, Latin America, the Middle East and Africa, Europe, Asia Pacific excluding Japan (APEJ), and Japan. Of these, the North America market is predicted to dominate the global market vis-à-vis revenue. The market is projected to rise at a CAGR of 10.9% during the forecast period and is expected to be valued at US$ 2,510.4 Mn by the end of 2022.

Companies profiled in the report are:

The report offers a detailed profiling of various players and analyzes their offerings and key strategies. Key players profiled in the report are Daon Inc., Gemalto N.V., Safran Electronics & Defense SAS, NEC Corporation, Fujitsu, BIO-Key International, Inc., Precise Biometrics AB, Secunet Security Networks AG, Thales SA, and Aware, Inc.


 
 
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