Learn More On The Biometrics In Government Market:
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According to The Business Research Company’s Biometrics In Government Global Market Report 2024, The biometrics in government market size is expected to see rapid growth in the next few years. It will grow to $10.62 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increasing demand for enhanced border security measures, rising investments in AI-driven biometric solutions, growing use of e-passports and e-visas, growing security concerns, and increasing security measures. Major trends in the forecast period include technological advancements, the adoption of facial recognition for border control, biometric voter registration systems, the integration of biometric authentication, and the adoption of voice recognition.
The growing security concerns are expected to drive the growth of biometrics in the government market going forward. Security concerns refer to potential threats, vulnerabilities, or risks that could compromise the integrity, confidentiality, or availability of information, systems, or physical assets. The growth of safety concerns is due to various factors, including cybersecurity threats, physical security, supply chain security, regulatory compliance, terrorism and political instability, and personal privacy. Biometrics in government applications enhance security, improve efficiency in service delivery, and help mitigate risks associated with identity fraud and unauthorized access. For instance, in March 2023, according to the Federal Bureau of Investigation, a US-based law enforcement agency, complaints about investment fraud surged by 127%, from $1.45 billion in 2021 to $3.31 billion in 2022. Therefore, the increasing number of cash withdrawals is driving growth in biometrics in the government market.
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The biometrics in government market covered in this report is segmented –
1) By Type: Contactless, Contact-Based, Hybrid Or Multimodal
2) By Components: Hardware, Software
3) By Mode: Fingerprint Recognition, Face Recognition, Iris Recognition, Palmprint Recognition, Vein Recognition, Signature Recognition, Voice Recognition, Other Modes
4) By Application: Border Control, Public Safety, Voter Registration, Latent Fingerprint Matching, National ID
5) By End User: Civil, Military, Law Enforcement, E-Passport, E-Visas, Commercial, Healthcare And Welfare, Other End-Users
Major companies operating in biometrics in the government market focus on developing innovative authentication solutions, such as vein authentication, to enhance security and accuracy. Vein authentication, also known as vein pattern recognition or vascular biometrics, is a biometric authentication method that uses the unique patterns of veins in a person’s hand, finger, or other body parts for identification and verification. For instance, in May 2024, Uniken, a US-based software company, launched palm vein authentication as part of its REL-ID security platform. Palm vein authentication is a biometric security solution that uses the unique vein patterns in a person’s palm to verify their identity. This technology provides a highly secure and convenient way for customers to authenticate themselves when accessing financial accounts or conducting transactions, such as for financial services, healthcare, and e-government initiatives.
The biometrics in government market report table of contents includes:
1. Executive Summary
2. Biometrics In Government Market Characteristics
3. Biometrics In Government Market Trends And Strategies
4. Biometrics In Government Market – Macro Economic Scenario
5. Global Biometrics In Government Market Size and Growth
…
32. Global Biometrics In Government Market Competitive Benchmarking
33. Global Biometrics In Government Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Biometrics In Government Market
35.Biometrics In Government Market Future Outlook and Potential Analysis
36. Appendix
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