Actionable Benefits
- Compare the size of enterprise market modalities, namely the size of markets based on fingerprint, face recognition, iris recognition, and vein recognition technologies.
- Gain a deeper understanding of the enterprise biometrics market and develop a coherent digital security strategy.
- Gain insight into shipments, revenue, and Average Selling Prices (ASPs) for biometric devices based on fingerprint, iris, face, and vein recognition.
Research Highlights
- After weathering the storm of the pandemic in 2020 and 2021, the market is now experiencing a renaissance of growth. Still, global macroeconomic concerns, particularly inflation, uncertainty, and interest rates, are negatively influencing market trends.
- Contactless biometrics technologies, namely facial recognition, are versatile in adapting to new applications, and poised to become the dominant form of biometrics, surpassing fingerprint technologies.
- With the adoption of personal devices, such as cellphones, not only consumers, but enterprises will also eventually embrace Bring-Your-Own-Device (BYOD) strategies for Identity (ID) authentication. This could impact the sale of dedicated biometric ID devices where the technology could be implemented via mobile phones.
Critical Questions Answered
- How is the global enterprise biometrics market evolving over time?
- How will ASPs based on modality and technology evolve over time?
- Which biometric devices and markets should implementers invest in—both for the long term and near future?
Who Should Read This?
- Biometric hardware manufacturers and vendors.
- Digital security players, biometric software and algorithm developers.
- System integrators and service providers.
- Governmental, regulatory, and standardization organizations.
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