The global biometric systems market is anticipated to grow at a considerable CAGR of 12.4% during the forecast period (2021-2027). The demand for biometric systems with sensors of body temperature detection had dramatically increased during the COVID-19 pandemic as various industries and organizations across the globe have to follow COVID-19 guidelines. ZKTeco Europe, S.L had launched such products to meet this global demand. Similarly, AmpleTrails, Kintronics, Asmang, and many more companies had added such biometric systems to their product portfolio. Such innovations and contactless technology will further drive the global biometric systems market during the forecast period. The market players are also using inorganic expansion strategies to extend their market reach. For instance, SECOM Co. had acquired ADT Alarm Monitoring Hong Kong Ltd. in February 2021. Similarly, companies are doing sales partnering with other companies, for instance, Suprema, Inc. had partnered with DVS Ltd. in November 2020 to expand its business in the UK market.
Browse the full report description of "Global Biometric Systems Market Size, Share & Trends Analysis Report by Technology (Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Signature Recognition, and Others), by Function (Contact-based, Contactless, and Hybrid), by Authentication Level (Single-factor Authentication and Multi-level Authentication), by Component (Hardware and Software), and by Application (Banking & Finance, Home Security, Travel & Immigration, Military Defense, Healthcare, Government, and Others) Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/biometric-systems-market
Market Coverage
o By Technology
o By Function
o By Authentication Level
o By Component
o By End-user
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Biometric Systems Market Report Segment
By Technology
By Function
By Authentication Level
By Function
By End-user
Global Biometric Systems Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World