Press release
AI-enabled Biometrics market is expected to grow at a 16.5% CAGR from 2024 to 2031 | IDEMIA, NEC Corporation, Fujitsu Ltd., Facephi Biometria, S.A., Thales Group
AI-enabled Biometrics Market
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Market Overview:
AI-enabled biometrics use artificial intelligence to enhance identification systems based on facial recognition, fingerprints, or voice. They are increasingly deployed in security, banking, and smartphones for accurate and adaptive authentication. Market drivers include the need for advanced security solutions, regulatory compliance, and AI integration across sectors.
Major Takeaways from the AI-enabled Biometrics Report:
➤ The AI-enabled Biometrics market is expected to grow at a 16.5% CAGR from 2024 to 2031.
➤ Market size is projected to reach USD 36.1 billion by 2030.
➤ Growing Adoption and Necessity of Facial Recognition.
➤ Asia-Pacific is expected to be the fastest growing region in the global AI-enabled biometrics market.
➤ Rising adoption of behavioral biometrics.
➤ Increasing frequency of cyberattacks.
Research Methodology:
Our research methodology blends qualitative and quantitative techniques to deliver a comprehensive and insightful market analysis. We start by collecting data from reputable industry sources through secondary research, then validate and enrich our findings with primary research, including expert interviews and targeted surveys. Using advanced analytical tools, we examine the data to identify emerging trends and understand market behavior. To deepen our competitive analysis, we incorporate market segmentation and Porter's Five Forces framework. This thorough and systematic approach ensures that our insights are accurate, actionable, and aligned with your strategic goals.
Market Segmentation:
By Modalities (Face Recognition, Fingerprint Recognition, Iris Recognition, Voice Recognition, Others)
By End-User (Mobile Biometrics and Smart Devices, Biometric Access Control Systems, Identity Verification and Authentication, Surveillance and Security, Others)
By Application (Government, Defense, BFSI, Home Security, Healthcare, Others)
Regional Analysis for AI-enabled Biometrics Market:
The regional analysis of the AI-enabled Biometrics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key Developments:
On November 2022, Synaptics, a maker of interface hardware, has announced the acquisition of Emza Visual Sense, an AI visual sensing vendor. Himax Technologies, a Taiwan-based fabless chipmaker, purchased Emza. Emza's face detection software detects whether or not a face is gazing at a sensor. It can save energy by dimming a display, identify when a second face appears and obscure material to ensure security.
Key Players:
IDEMIA, NEC Corporation, Fujitsu Ltd., Facephi Biometria, S.A., Thales Group, Leidos Holdings, Inc., Fingerprint Cards AB, Nuance Communications, Aware Inc. and Veridium.
Assessing the Effects of U.S. Tariffs on the AI-enabled Biometrics Market:
The U.S. tariff war is transforming the way businesses evaluate market trends and plan strategically. With rising costs and supply chain disruptions, companies are placing greater emphasis on analyzing consumer behavior, exploring alternative sourcing options, and adapting operations to stay competitive. This climate of uncertainty has amplified the need for real-time insights and data-driven strategies to effectively manage evolving trade conditions and economic challenges
Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of AI-enabled Biometrics market?
➠ Who are the global key manufacturers of the AI-enabled Biometrics Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the AI-enabled Biometrics market opportunities and threats faced by the vendors in the global AI-enabled Biometrics Industry?
➠ What focused approach and constraints are holding the AI-enabled Biometrics market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
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Contact Person: Sai Kiran
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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