Consumer Biometrics Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2022-2026
Decelerating at a CAGR of 14.48%, the Global Consumer Biometrics Market is expected to grow by 2.31 billion during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.
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Consumer Biometrics Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Application (Mobile, PC, Payments, and Access) and Geography (APAC, North America, Europe, South America, and MEA).
- 33% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Consumer Biometrics Market size.
Consumer Biometrics Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Growing adoption of smartphones will be a significant factor in driving the growth of the Consumer Biometrics Market.
- Emergence of in-display fingerprint scanners will be instrumental in driving the market growth during the forecast period.
- Data security and privacy concerns is a hurdle that needs to be crossed on the path to success.
Consumer Biometrics Market: Vendor Analysis
- The market is fragmented.
- Apple Inc., ASSA ABLOY AB, Aware Inc., IDEX Biometrics ASA, NEC Corp., Princeton Identity, Qualcomm Inc., Semiconductor Components Industries LLC, Shenzhen Goodix Technology Co. Ltd., and STMicroelectronics NV are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Consumer Biometrics Market Split by Application
- Mobile
- PC
- Payments
- Access
- Consumer Biometrics Market Split by Geography
- APAC
- North America
- Europe
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Apple Inc.
- ASSA ABLOY AB
- Aware Inc.
- IDEX Biometrics ASA
- NEC Corp.
- Princeton Identity
- Qualcomm Inc.
- Semiconductor Components Industries LLC
- Shenzhen Goodix Technology Co. Ltd.
- STMicroelectronics NV
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Browse through some of other related market research reports for more insights:
- Mobile Biometrics Market: The Global Mobile biometrics market is expected to grow by $ 12.56 billion, accelerating at a CAGR of about 11.59% till 2025.
- Voice Biometrics Market: The Global voice biometrics market is expected to grow by $ 2.02 billion, accelerating at a CAGR of almost 18.81% during the forecast period.
- Advanced Authentication Market: Technavio’s Advanced Authentication Market is set to grow by $ 33.65 billion, and the market will be progressing at a CAGR of almost 15% till 2025.
- Gait Biometrics Market: The gait biometrics market is expected to grow by $ 39.06 million, accelerating at a CAGR of almost 9.35% during the forecast period.
- Facial Recognition Market: The facial recognition market and it is expected to grow by $ 3.78 billion, accelerating at a CAGR of almost 12.40% during the forecast period.
- Fingerprint Module Market: The Fingerprint Module Market is projected to post an incremental growth of $ 5.44 billion, at a CAGR of 20.24% till 2025.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of 14.48%.
- What is the incremental growth of the market?
The market is expected to grow by 2.31 bn through 2022-2026.
- What is a key factor driving this market?
Growing adoption of smartphones will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
33% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Apple Inc., ASSA ABLOY AB, Aware Inc., IDEX Biometrics ASA, NEC Corp., Princeton Identity, Qualcomm Inc., Semiconductor Components Industries LLC, Shenzhen Goodix Technology Co. Ltd., and STMicroelectronics NV
- What are the market segments covered in this report?
The market is segmented by Application (Mobile, PC, Payments, and Access) and Geography (APAC, North America, Europe, South America, and MEA)
