It is anticipated that the market for devices with embedded biometric authentication will grow at a CAGR of 13.3% over the course of the forecast period. In 2022, the market is expected to be worth US$ 49,618.39 million. By the year 2032, it is predicted that the market for devices with embedded biometric authentication will reach a high of US$ 1,72,958.44 Million. According to Future Market Insights’ analysis, the historical market valuation was US$ 43,793.82 Million.
It has been determined that the market for devices with embedded biometric authentication has seen a significant increase in demand in recent years. The market valuation has increased by about US$ 5,824.57 Million from the base year to the present.
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Global Device-Embedded Biometric Authentication Market: Competition Landscape
The key vendors in the Global Device-Embedded Biometric Authentication Market, include
- HID Global,
- IDEX America, Inc.,
- Gemalto NV,
- ImageWare Systems.,
- FUJITSU,
- Fingerprint Cards AB,
- Techshino Technology,
- Apple Inc.,
- Nuance Communications, Inc., and
- ArmorVox.
The device-embedded biometric authentication market refers to the use of biometric technology, such as fingerprint sensors, facial recognition, and iris scanners, embedded within electronic devices, such as smartphones, tablets, and laptops, to provide secure authentication for users. This market has seen significant growth in recent years as more and more consumers demand convenient and secure ways to access their devices and personal data.
One of the main drivers of the device-embedded biometric authentication market is the increasing use of mobile devices for sensitive tasks such as banking, e-commerce, and social media. Consumers want to ensure that their personal data is secure and that they can access their devices quickly and easily without having to remember complex passwords or PINs. Biometric authentication provides a simple and secure way to do this, as users can simply use their fingerprint or face to unlock their device.
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Another driver of the market is the increasing adoption of biometric technology in industries such as healthcare, finance, and government. These industries require high levels of security to protect sensitive data and prevent fraud, and biometric authentication is seen as an effective way to achieve this. For example, healthcare providers can use biometric authentication to ensure that only authorized personnel can access patient records, while financial institutions can use it to secure online transactions and prevent fraud.
The device-embedded biometric authentication market is also being driven by advancements in biometric technology, such as improved accuracy, faster processing times, and the ability to detect spoofing attempts. These advancements are making biometric authentication more reliable and secure, which is driving demand for the technology.
Global Device-Embedded Biometric Authentication Market: Regional Outlook
North America followed by Western Europe is expected to dominate the market due to continuous investment to deploy new technologies and high customer preference to enhanced security solutions. Asia pacific is identified as the fastest growing market due to increasing number of smartphone users and rapid adaptation to mobile banking applications.
Global Device-Embedded Biometric Authentication Market: Segmentation
On the basis of type, the global device-embedded biometric authentication market can be segmented:
- hardware
- software
On the basis of technology, the global device-embedded biometric authentication market can be segmented into:
- fingerprint recognition
- iris recognition
- face recognition
- Voice authentication
On the basis of type of devices, global device-embedded biometric authentication market can be segmented into:
- smartphones
- laptops
- tablets
- wearable devices
On the basis of end-user, global device-embedded biometric authentication market can be segmented into:
- Banking
- Financial services
- Insurance (BFSI)
- e -commerce
- healthcare government
- others
On the basis of region, global device-embedded biometric authentication market can be segmented into:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
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