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Biometric System Market: An Exclusive Study On Upcoming Trends And Growth Opportunities

Opportunities in the biometric system market have evolved through a number of stages i.e. Lucintel has found the future of this market to be promising; the biometric system market is expected to reach $51.3 billion by 2027 with a CAGR of 12%. In this market, AFIS is expected to remain the largest technology, and government and law enforcement segment is expected to remain the largest end use industry. Players can benefit from the available opportunities like increasing focus of safety and security in private and business sectors related to unauthorized access, growth in the e-passport program for personal identification, and the growing adaption of voice recognition systems in the banking and financial services sector.
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3M Cogent, Inc., Safran (Morpho), Hid Global, IDEMIA, NEC Corporation, Thales Group, Bio-Key, International Inc., Precise Biometrics AB., Suprema Inc., IriTech, Inc. and Fujitsu are some of the companies profiled in this report.
Some of the features of this report:
• Market size estimates: Biometric ...
... system market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation analysis: Biometric system market size by technology, by type, by end use industry and region in terms of value and volume shipment.
• Regional analysis: Biometric system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different by technology, by type, end use industry and region of biometric system in the biometric system market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of biometric system in the biometric system market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This exclusive report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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