Market Industry Reports (MIR) has published a new report titled “Biometric System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global biometric system market accounted for over US$ 34.25 billion in 2019. The market is anticipated to grow at a CAGR of 14.09% from 2019 to 2030.
Biometric systems depend on human characteristics, such as faces, finger veins, palm veins, fingerprints, irises, and voice patterns, to identify human beings. Biometric systems have a wide range of applications in various end-use industries such as banking & finance, consumer electronics, healthcare, automotive, government, and military & defense. The key players have been investing heavily in the development of better solutions. For instance, Panasonic is going to launch the facial recognition technology in the Indian market by 2020
Some of the prominent players in the global biometric system market include:
NEC Corporation, Integrated Biometrics, LLC, HID Global Corporation/ASSA ABLOY AB, SUPREMA, SecuGen Corporation, and FUJITSU, among others
NEC Corporation, Integrated Biometrics, LLC, HID Global Corporation/ASSA ABLOY AB, SUPREMA, SecuGen Corporation, and FUJITSU, among others
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