GITNUX MARKETDATA REPORT 2024

Biometrics Industry Statistics

The biometrics industry is expected to continue experiencing strong growth, driven by increasing demand for secure authentication and identification solutions across various sectors.

Statistic 1

"The global biometrics market was valued at around $21.8 billion in 2020."

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Statistic 2

"The biometrics market is projected to reach $76.64 billion by 2027, at a CAGR of 19.7%."

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Statistic 3

"North American biometrics market is estimated to reach around $18 billion in 2026."

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Statistic 4

"United States accounts for more than 30% of global biometrics spending."

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Statistic 5

"The biometric technology market in Asia-Pacific is expected to grow at the highest CAGR of 20.5% from 2020 to 2027."

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Statistic 6

"In 2018, fingerprint recognition technology held the highest share in the global biometric market."

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Statistic 7

"In 2019, the use of biometrics in government sector accounted for almost 34% of the global market."

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Statistic 8

"84% of the organizations are currently using biometric technology for employee identification."

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Statistic 9

"By 2022, over 1.9 billion bank customers will be using biometrics."

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Statistic 10

"By 2023, about 90% of mobile devices will have biometric systems."

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Statistic 11

"By 2023, over 570 million biometric payment cards are expected to be in use globally."

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Statistic 12

"The biometrics market in India is expected to grow at a CAGR of 31% from 2021 to 2026."

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Statistic 13

"China leads the Asia-Pacific region in its adoption of biometric technology, mainly driven by government initiatives."

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Statistic 14

"Latin America biometrics market is estimated to reach $1.2 billion by 2026."

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Statistic 15

"In 2021, biometrics hardware and software spending reached $4.4 billion in the U.S."

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Statistic 16

"Middle East's biometrics market is expected to reach $2.8 billion by 2027."

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Statistic 17

"The facial recognition market is expected to grow from $3.2 billion in 2019 to $7 billion by 2024."

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Statistic 18

"The iris recognition segment of the biometrics market is projected to grow at a CAGR of 9.9% from 2021 to 2026."

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Statistic 19

"The global healthcare biometrics market is expected to reach $14.5 billion by 2025."

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