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Biometric System Market Size is expected to grow from USD 42.9 billion in 2022 to USD 82.9 billion by 2027 , at a CAGR of 14.1% .  Biometric systems are no longer confined to science fiction movies. Today, these technologies are rapidly transforming the way we identify and authenticate ourselves. By leveraging our unique biological or behavioral characteristics, biometrics offer a powerful and secure alternative to traditional methods like passwords or keys. What Makes Biometrics Special? Biometric systems work by capturing and analyzing a person’s distinctive features. These features can be categorized into two main types: Physiological: These are physical characteristics inherent to a person, such as fingerprints, iris patterns, facial recognition, and DNA. Behavioral: These are unique ways we interact with the world, including voice recognition, gait analysis, and signature recognition. Biometrics boast several advantages over traditional methods: Uniqueness: Our biological...

The biometric system market size is projected to grow from USD 42.9 billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%. The market slightly declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic affected the market, especially automotive, Industrial, and others. Also, due to lockdown restrictions, companies could not source the required labor for their operations due to travel restrictions. Though the Biometric System Market is expected to be impacted in 2020–2021, it is expected to fully recover by mid-2022. Increasing the advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Moreover, growing adoption of biometric system in consumer electronics, BFSI as well as automotive verticals will drive the demand for this technology ...