Biometrics in Government Market Synopsis:
The global biometrics in government market 2020 is supposed to witness proliferating applications. Over the next few years, this market is supposed to witness technological advancements and product launches. In an observation presented by Market Research Future (MRFR), the global biometrics in government market is presumed to mark 17.09% CAGR over the forecast period 2019 to 2025. The biometrics in government market size is supposed to reach USD 16,252.2 Million by 2025 up from USD 5,460.1 Million in 2018.
Government agencies are focusing on the digitization of their services. It is anticipated to guide the growth of the biometrics in government market. Increasing investments in research & development ensure a healthy growth trajectory of the market. In addition, rising threats and increasing cyberattacks are also expected to catapult the Biometrics in Government Marketon upward trajectory. The market players are supposed to witness rising popularity and are expected to capitalize on it across the review period.
The utilization of the technology in elections is expected to revolutionize the growth pattern of the biometrics in government market. The technology ensures minimum or no fraudulent activities and facilitates the conclusion of election events conveniently. This factor is presumed to accelerate growth rate of the biometrics in government market. In addition, the shift towards digitization of documentation is also prognosticated to drive the growth of the market. It is likely to encourage installation of multiple layers of security. This, in turn, is assumed to impact the biometrics in government market positively.
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Competitive Dashboard:
Gemalto NV (Netherlands), Aware Inc (US), HID Global Corporation (US), BioEnable Technologies Pvt. Ltd (India), IDEMIA (France), Jenetric GmbH (Germany), NEC Corporation (Japan), Innovatrics (Slovakia), and id3 Technologies (France), among others are the major participants of the biometrics in government market.
Market Segmentation:
- On the basis of type, the biometrics in government market has been segmented into face recognition, fingerprint identification, iris recognition, DNA analysis, and voice recognition. Among these, the fingerprint identification segment held the largest market share in 2018. It is anticipated to exhibit strong growth rate due to rising applications. Fingerprint identification is one of the most famous biometrics technology and its rising efficiency is poised to lead the augmentation of the segment.
- On the basis of application, the biometrics in government market has been segmented into public safety, border control, voter registration, e-passport, latent fingerprint matching, e-visas, national ID, and, healthcare and welfare. Among these, the border control segment held the largest share of the market in 2018. The e-passport segment resonates strong growth potential and was assessed to be the second largest application segment of the biometrics in government market in 2018. Also, the public safety segment is anticipated to exhibit a higher CAGR across the evaluation period.
Regional Analysis:
The regional evaluation of the biometrics in government market spans across the following segments – North America, Asia-Pacific, and the Middle East & Africa, Europe, and South America. These regional segments are narrowed down for a country-level study. North America is presumed to strike 17.3% CAGR over the review period. It held the largest share of the market in 2018.
The region is technologically advanced and latest technologies are available here. These factors are expected to augment the biometrics in government market in the region over the next few years. New players are poised to enter the market, which is expected to intensify competition. Furthermore, product launches and developments are projected to catalyze the growth rate of the biometrics in government market in the foreseeable future. APAC and Europe are also anticipated to resonate growth opportunities, leading to market proliferation.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.3 Research objectives
2.4 Markets Structure
3 Research Methodology
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List of Tables
Table 1 List of Assumptions
Table 2 Comparative Analysis of Biometrics Recognition Types
Table 3 Global Biometrics in Government Market, By Type, 2018–2025 (Usd Million)
Table 4 Global Biometrics in Government Market, By Application, 2018–2025 (Usd Million
Table 5 Global Biometrics in Government Market, By Region, 2018–2025 (Usd Million)
Continued…
List of Figures
Figure 1 Market Synopsis
Figure 2 Global Biometrics in Government Cagr (%), By Region, 2019–2025
Figure 3 Global Biometrics in Government Market: Market Structure
Figure 4 Research Process of Mrfr
Figure 5 Top Down & Bottom Up Approach
Continued…
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