Technological Innovations Driving Biometric Systems
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 System Market Size and Share: The biometric system market has witnessed a remarkable expansion, with its size growing steadily in response to the rising adoption of biometric technologies. In terms of market share, fingerprint recognition technology has traditionally dominated the biometric system market. However, other modalities, such as facial recognition, iris recognition, and voice recognition, are gaining traction, leading to a more balanced distribution of market share across different biometric modalities. Ask for a PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=697 Top Biometrics Companies covered Thales Group(Paris), Idemia (France), ASSA ABLOY (Sweden), NEC Corporation (Japan) Fujitsu (Japan), Key Trends: Several trends are shaping the trajectory of the biometric system market: Multimodal Biometrics: The