The Biometric System Market is expected to reach $51.6 billion by 2029, at a CAGR of 12.4% during the forecast period of 2022 to 2029. The growth of the biometric systems market is driven by the growing security requirements in the BFSI sector, government initiatives encouraging the adoption of biometric technologies, and the integration of biometric capabilities into mobile devices. Significant advances in biometric solutions designed for authentication and identification applications are expected to create market growth opportunities. Additionally, the growing adoption of Biometrics-as-a-Service (BaaS) is a prominent trend in the global biometric systems market.
Here are the top 10 companies operating in the Biometric System Market
NEC Corporation (Japan)
Founded in 1899 and headquartered in Tokyo, Japan, NEC Corporation is a global leader in biometric authentication. It provides biometric authentication solutions, software services for service providers, and large-scale energy storage systems for international markets. The company operates through six business segments, namely, Public Solution Business, Public Infrastructure Business, Enterprise Business, Network Service Business, Global Business, and Others. The biometric system business of NEC is categorized under the Global Business segment. Furthermore, NEC’s biometric system portfolio comprises fingerprint, face, voice, and iris recognition.
Through its subsidiaries and a strong distribution network, the company has a geographic presence across North America and Latin America, Japan, China, East Asia, Asia-Pacific, Europe, the Middle East & Africa. Some of its subsidiaries are NEC Communication Systems, Ltd. (Japan), NEC OncoImmunity AS (Norway), and PT. NEC Indonesia. (Indonesia). As of 2021, the company had a headcount of 115,000 employees worldwide.
Thales Group (France)
Founded in 2000 and headquartered in Paris, France, Thales Group is a technology and electronics company that manufactures electronic devices and equipment. It mainly focuses on sustainable development and digital deep tech innovations, such as big data, artificial intelligence, connectivity, cyber-security, and quantum technology. The company operates through four business segments, namely, Aerospace, Defense & Security, Digital Identity & Security, and Other. The biometric system business of Thales Group is categorized under the Digital Identity & Security business segment. The company’s biometric system portfolio comprises fingerprint scanners, face recognition, palm print scanners, and iris scanners.
Thales Group has a geographic presence across the Americas, Europe, Asia-Pacific, and the Middle East & Africa through its subsidiaries and a strong distribution network. Some of its subsidiaries include Gemalto (Netherland), Thales Alenia Space (France), SafeNet, Inc. (U.S.), and SYSGO GmbH (Germany). As of 2021, the company had a headcount of 81,000 employees worldwide.
Aware, Inc. (U.S.)
Founded in 1986 and headquartered in Massachusetts, U.S., Aware, Inc. is a leading provider of biometrics products and services to government departments, system integrators, and solution suppliers globally. The company’s portfolio comprises SDKs, software components, workstation applications, and a modular, centralized, service-oriented platform. Aware operates through three business segments, namely, Software Licenses, Software Maintenance, and Services and Others. Its identity verification and management solutions support financial services, enterprise security, healthcare, human resources, citizen ID, border management, law enforcement, and intelligence.
Aware has a strong geographic presence across the U.S., U.K., and Brazil through its subsidiaries and a strong distribution network. Fortress Identity (U.S.) is one of its subsidiaries. As of 2021, the company had a headcount of 81 employees across the globe.
BIO-Key International, Inc. (U.S.)
Founded in 1993 and headquartered in New Jersey, U.S., BIO-Key International is a leading provider of secure access management and biometric identity solutions. The company develops biometric finger identification software products to authenticate the identities of employees, customers, and suppliers. BIO-Key operates through three business segments, namely, License Fees, Hardware, and Services. Its biometrics portfolio comprises identity and access management (IAM), fingerprint biometric security solutions, infrastructure components, software toolkits, and identity-bound biometric solutions.
BIO-Key has a geographic presence across North America, EMESA, Africa, and Asia through its subsidiaries and a strong distribution network. Some of its subsidiaries are PistolStar, Inc. (U.S.) and Swivel Secure (U.K.). As of 2021, the company had a headcount of 50 employees globally.
Fujitsu Limited (Japan)
Founded in 1935 and headquartered in Tokyo, Japan, Fujitsu Limited is a global information and communications technology company. The company provides innovative IT services and products globally and offers a comprehensive range of products, including human input, storage, connectivity, carrying cases, biometric security, and multimedia. Additionally, it develops cloud-based biometrics as a service platform that provides secure, enterprise-grade authentication for the government and public sector as well. Fujitsu operates through three business segments, namely, Technology Solutions, Ubiquitous Solutions, and Device Solutions.
The company has a strong geographic presence across Japan, Northern & Western Europe, Enteral & Eastern Europe, Americas, Asia, and Oceania through its subsidiaries and a strong distribution network. Some of its subsidiaries are PFU Limited (Japan), Shinko Electric Industries Co., Ltd. (Japan), Fujitsu Component Limited (Japan), and Fujitsu Semiconductor Limited (Japan). As of 2021, the company had a headcount of 126,371 employees across the globe.
Meticulous Research in its latest publication on Biometric System Market has predicted the growth of 12.4% during the forecast year 2022-2029.
HID Global Corporation (A part of ASSA ABLOY AB)
Founded in 1991 and headquartered in Texas, U.S., HID Global Corporation is a leading provider of reliable biometric readers & systems for the most secure environments. The company offers a broad range of biometric technology such as access control, customer onboarding, fraud prevention, loss prevention, time and attendance, forensic investigation, and border security. It serves various markets, including physical and logical access control, card personalization, eGovernment, cashless payment, and logistics. HID Global Corporation (U.S.) was acquired by ASSA ABLOY (Sweden) in 2000.
HID has a geographic presence across the Americas, Asia-Pacific, and Europe through its subsidiaries and a strong distribution network. Some of its subsidiaries are Quantum Secure, Inc. (U.S.), IdenTrust Inc. (U.S.), Bluvision, Inc. (U.S.), and HiD India Private Ltd. (India).
ImageWare Systems, Inc. (U.S.)
Founded in 1987 and headquartered in California, U.S., ImageWare Systems, Inc. is a leader in biometric technology that develops and provides defense-grade biometric identification and authentication solutions to safeguard data, products, services, or facilities. The company operates through four business segments, namely, Software and Royalties; Hardware and Consumables; Services; and Maintenance. ImageWare offers identity management solutions with biometrics, secure credentials, and law enforcement technologies. It also provides comprehensive authentication security software using biometrics to secure physical and logical access to facilities, computer networks, and internet sites.
ImageWare has a geographical presence across North America and Europe through its subsidiaries and a strong distribution network. Some of its subsidiaries are ImageWare Digital Photography Systems LLC (U.S.), E-Focus West LLC (U.S.), and XImage Corporation (U.S.). As of 2021, the company had a headcount of 26 employees across the globe.
Precise Biometrics (Sweden)
Founded in 1997 and headquartered in Lund, Sweden, Precise Biometrics is a global identification software provider. The company provides biometric technology for mobile phones and improves its offering to drive the identification solutions market. It operates through two business segments, namely, Algo and Digital Identity. The biometric system portfolio of the company comprises facial recognition and fingerprint recognition solutions.
Precise Biometrics has a geographic presence across the U.S., Europe, and Asia through its subsidiaries and a strong distribution network. Some of its subsidiaries are EastCoast Solutions AB (Sweden), Besökssystem Sverige AB (Sweden), and Precise Biometrics, Inc. (Sweden). As of 2021, the company had a headcount of 31 employees worldwide.
Aratek Biometrics (Taiwan)
Founded in 2004 and headquartered in Taipei, Taiwan, Aratek is a leading provider of biometrics and security solutions. The company offers a sophisticated end-to-end product portfolio that includes software and fingerprint scanners for multifunctional biometric terminals and cost-effective products and solutions for the government, educational institutions, and banking sectors. Its biometrics systems portfolio comprises fingerprint scanners and modules, biometric terminals, facial recognition terminals, and biometric software. Aratek has a geographical presence across Asia and Europe.
DERMALOG Identification Systems GmbH (Germany)
Founded in 1995 and headquartered in Hamburg, Germany, DERMALOG is a leading provider of biometric identification systems. The company offers automated biometric identification systems (ABIS), automated fingerprint identification systems (AFIS), fingerprint scanners, and customized biometric solutions. Its biometrics portfolio comprises biometric border control systems, biometric ID cards, passports, and biometric voting systems. DERMALOG delivers biometrics solutions to several industrial verticals, including banking, public administration, and law enforcement. It has a geographical presence across Malaysia, Philippines, Singapore, and Dubai.
Authoritative Research on the Biometric System Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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