New York, Sept. 29, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Biometrics Industry” – https://www.reportlinker.com/p05957509/?utm_source=GNW
8 Billion by 2027, growing at a CAGR of 19.3% over the analysis period 2020-2027. Non-AFIS, one of the segments analyzed in the report, is projected to record a 19.7% CAGR and reach US$34.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the AFIS segment is readjusted to a revised 20.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 18.5% CAGR
The Biometrics market in the U.S. is estimated at US$7.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.2 Billion by the year 2027 trailing a CAGR of 18.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 16.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.
Iris Segment to Record 18.8% CAGR
In the global Iris segment, USA, Canada, Japan, China and Europe will drive the 18.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.1 Billion in the year 2020 will reach a projected size of US$10.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.1 Billion by the year 2027.We bring years of research experience to this 14th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- AllTrust Networks
- Cyber-Sign, Inc.
- HID Global Corporation
- Hitachi Ltd.
- IDEMIA Group
- Ingenico Group S.A.
- Nuance Communications, Inc.
- Precise Biometrics AB
- Suprema, Inc.
Read the full report: https://www.reportlinker.com/p05957509/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Biometrics Competitor Market Share Scenario Worldwide (in %):
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Table 1: Biometrics Global Market Estimates and Forecasts in
US$ Million by Region/Country: 2020-2027
Table 2: Biometrics Global Retrospective Market Scenario in US$
Million by Region/Country: 2012-2019
Table 3: Biometrics Market Share Shift across Key Geographies
Worldwide: 2012 VS 2020 VS 2027
Table 4: Non-AFIS (Application) Global Opportunity Assessment…