Global Biometrics in Government Market Research Report by Forecast to 2025
Biometrics in Government Market Insight:
The global biometrics government market is anticipated to register expansion at 17.09% CAGR and to witness substantial growth during the forecast period (2018-2025). The market is also recorded to record a valuation of USD 16,252.2 Million by 2025 from USD 5,460.1 Million in 2018, asserts Market Research Future in its comprehensive study. Rising adoption of biometrics has made the global biometric government market a booming one.
Increasing government’s initiatives along with rising efforts to mitigate terrorism threats are playing a distant role in shaping the global biometric government market. Among other issues, technological upgrades and advancements in biometrics are also pressing concerns to the market’s expansion. Also, these are bringing more and more opportunities for the new market players to invest in the product’s proliferation over the forecast period.
At present, the biometrics market has become highly competitive with the presence of various government vendors that are offering feature-rich and innovative solutions to the government customers. The option for Global Biometrics in Government Market has become a preferred one for government agencies for authentication and identification purposes, which is also making the market transparent than before and thus, gaining much traction in its growth period.
Major Key Players:
The well-known players of global Biometrics in Government Market are listed as BioEnable Technologies Pvt. Ltd (India), HID Global Corporation (US), Aware Inc (US), Gemalto NV (Netherlands), NEC Corporation (Japan), Jenetric GmbH (Germany), Innovatrics (Slovakia), IDEMIA (France), and id3 Technologies (France), and to name a few.
The global market for biometric government, as per the market, has been segmented by the elements of type and application.
In terms of type: Fingerprint identification, DNA analysis, iris recognition, face recognition, and voice recognition. Among these, the facial recognition segment was earlier valued at USD 7.7 billion, and now it is anticipated to record the higher CAGR during the assessment period. On the other hand, DNA analysis segment also registered the second-highest CAGR as it is highly used in forensic and healthcare biometric systems. Whereas, iris recognition uses pattern-recognition techniques to verify the identity of a person along with using various colors and patterns, which is unique to every individual. Voice recognition technology also uses specialized software and systems to distinguish, identify, and authenticate the voice of the individual speaker.
Region-wise, the analysis of the global biometrics government market has been studied among the regions of Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America.
Among these, North America is sited to lead the biometrics government market during the assessment period owing to the high adoption of biometrics by the developed countries is eventually resulting in remarkable growth. Along with this, the Department of Homeland Security (DHS) and the Department of Defense (DoD) are progressively integrating a range of biometric technologies for the activities such as immigration & border management, law enforcement, intelligence & counterterrorism, access control, and credentialing.