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Biometric Scan Software Market
Biometric Scan Software Market Market Research Report – Segmented By Biometric Type (Fingerprint, Palm print, Facial Image, Iris), By End-user Industry (Government and Defense, Healthcare, IT and Telecom, BFSI, Other End-user Industries) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.
Table of contents
- Executive Summary
- Market Overview
- Industry Analysis
- Market Analysis
- By Biometric Type
- By End-user Industry
- North America
- Europe
- Asia-Pacific
- Middle-East & Africa
- Latin America
- Company Analysis
- Competitive Analysis
- Research Methodology
- Appendix
Executive Summary
Biometric Scan Software Market was valued at US $43.57 billion in 2021 and is projected to grow at 13.93% CAGR over the forecast period to reach US $95.27 billion by 2027. Biometric Scan Software Market represented US $10.00 billion opportunity over 2019-2021 and estimated to create US $51.70 billion opportunity in 2027 over 2021.
Biometric Scan Software from Consainsights analyses the Biometric Scan Software Market in the Technology & Media industry over the forecast period to 2027.
Biometric Scan Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.
Biometric Scan Software segmentation includes Biometric Type, End-user Industry and Geography.
Based on the Biometric Type, the Biometric Scan Software analysis covers Fingerprint, Palm print, Facial Image, Iris.
In Biometric Type segment, Fingerprint segment has highest cagr growth of 12.29%.
Based on the End-user Industry, the Biometric Scan Software analysis covers Government and Defense, Healthcare, IT and Telecom, BFSI, Other End-user Industries.
In End-user Industry segment, Government and Defense segment has highest cagr growth of 12.29%.
Based on the region, the Biometric Scan Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.
Key companies operating in the market include Gemalto NV (Thales Group), Aware Inc., NEC Corporation, ImageWare Systems Inc., Bayometric, BioEnable Technologies Pvt. Ltd., Corvus Integration Inc., Fulcrum Biometrics and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.
Market Overview
Definition & Scope
The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.
Currency, Year & Forecast
The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.
Biometric Type
Introduction
In 2021, Fingerprint segment has the highest revenue of US $18.00 billion and is expected to grow at CAGR of 12.29% by 2027 Fingerprint segment has highest cagr growth of 12.29%.
Fingerprint
Fingerprint segment was valued at US $13.87 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $39.36 billion by 2027. Fingerprint segment represented US $4.13 billion opportunity over 2019-2021 and estimated to create US $21.36 billion opportunity in 2027 over 2021.
Palm print
Palm print segment was valued at US $12.57 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $35.68 billion by 2027. Palm print segment represented US $3.75 billion opportunity over 2019-2021 and estimated to create US $19.36 billion opportunity in 2027 over 2021.
Facial Image
Facial Image segment was valued at US $3.95 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $11.22 billion by 2027. Facial Image segment represented US $1.18 billion opportunity over 2019-2021 and estimated to create US $6.09 billion opportunity in 2027 over 2021.
Iris
Iris segment was valued at US $3.17 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $9.01 billion by 2027. Iris segment represented US $0.95 billion opportunity over 2019-2021 and estimated to create US $4.89 billion opportunity in 2027 over 2021.
End-user Industry
Introduction
In 2021, Government and Defense segment has the highest revenue of US $19.72 billion and is expected to grow at CAGR of 12.29% by 2027 Government and Defense segment has highest cagr growth of 12.29%.
Government and Defense
Government and Defense segment was valued at US $15.20 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $43.13 billion by 2027. Government and Defense segment represented US $4.53 billion opportunity over 2019-2021 and estimated to create US $23.41 billion opportunity in 2027 over 2021.
Healthcare
Healthcare segment was valued at US $9.02 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $25.59 billion by 2027. Healthcare segment represented US $2.69 billion opportunity over 2019-2021 and estimated to create US $13.89 billion opportunity in 2027 over 2021.
IT and Telecom
IT and Telecom segment was valued at US $4.37 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $12.40 billion by 2027. IT and Telecom segment represented US $1.30 billion opportunity over 2019-2021 and estimated to create US $6.73 billion opportunity in 2027 over 2021.
BFSI
BFSI segment was valued at US $2.37 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $6.73 billion by 2027. BFSI segment represented US $0.71 billion opportunity over 2019-2021 and estimated to create US $3.65 billion opportunity in 2027 over 2021.
Other End-user Industries
Other End-user Industries segment was valued at US $2.61 billion in 2019 and is projected to grow at 12.29% CAGR over the forecast period to reach US $7.42 billion by 2027. Other End-user Industries segment represented US $0.78 billion opportunity over 2019-2021 and estimated to create US $4.03 billion opportunity in 2027 over 2021.