Biometrics Market Growth, Size, Trends, and Forecast 2025-2033

# Biometrics Market Growth, Size, Trends, and Forecast 2025-2033 Market Overview: According to IMARC Group's latest research publication, "Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global<a href="https://www.imarcgroup.com/biometrics-market"> biometrics market share</a>. The global market size reached USD 45.09 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 173.08 Billion by 2033, exhibiting a growth rate (CAGR) of 14.40% during 2025-2033. This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis. How AI is Reshaping the Future of Biometrics Market <ul> <li style="font-weight: 400;">AI enhances biometric accuracy by 25% through machine learning algorithms, enabling real-time identification and verification across financial services, healthcare, and border control applications.</li> <li style="font-weight: 400;">Government initiatives like India's biometric immigration system and the UK's £295 million police biometrics investment accelerate AI-powered facial recognition deployment across 700,000 security checkpoints globally.</li> <li style="font-weight: 400;">Companies like NEC Corporation and Mastercard leverage AI to develop multimodal authentication systems, with 80% of financial institutions adopting AI-driven biometric solutions for fraud prevention.</li> <li style="font-weight: 400;">AI improves voice recognition systems by 30%, with Bank of Ireland investing $36 million in voice biometrics technology to reduce customer wait times and enhance security measures.</li> <li style="font-weight: 400;">Machine learning reduces false authentication rates by 20-30%, with AI-powered behavioral biometrics processing 260 million user profiles annually in the US Department of Homeland Security's IDENT system.</li> </ul> Download a sample PDF of this report:<a href="https://www.imarcgroup.com/biometrics-market/requestsample"> https://www.imarcgroup.com/biometrics-market/requestsample</a> <h2>Key Trends in the Biometrics Market</h2> <ul> <li style="font-weight: 400;">Multimodal Biometrics Gaining Momentum: Organizations are integrating multiple biometric traits like fingerprint, facial, and iris recognition for enhanced security. About 15% of new products focus on multi-modal systems, with financial institutions adopting combined authentication methods. Fingerprint Cards and Valid launched Brazil's biometric payment card, achieving 30% higher security rates than single-factor methods.</li> <li style="font-weight: 400;">Contactless Authentication Surges Post-Pandemic: Non-contact biometric systems are expanding rapidly, holding 45.8% functionality share, driven by hygiene concerns and convenience. Eastern Bank Bangladesh introduced contactless biometric payment cards in December 2023. Facial recognition and iris scanning eliminate physical contact, with airports processing 100 million passengers annually through contactless systems.</li> <li style="font-weight: 400;">Government Digital Identity Programs Expanding: National ID initiatives in Asia-Pacific and Europe are driving biometric adoption. India's biometric immigration system speeds up passenger processing, while China's 74 airports (86% of international airports) deploy biometric technology. The UN's 2030 legal identity goals push World Bank's ID4D program across developing nations.</li> <li style="font-weight: 400;">Voice Biometrics for Financial Services: Voice recognition holds 11% market share in authentication, growing in banking and customer service sectors. Bank of Ireland invests $36 million in voice biometrics infrastructure to enhance fraud prevention. Healthcare providers adopt voice recognition for medical documentation, improving accuracy by 18% while reducing documentation time.</li> <li style="font-weight: 400;">Biometric Payment Cards Revolutionizing Transactions: Fingerprint-enabled payment cards combine security with contactless convenience, growing at 17.9% CAGR. Garanti BBVA and Thales launched Turkey's first biometric payment card in March 2024. Mastercard commits to retiring 16-digit card numbers by 2030, anchoring security on on-device biometrics and tokenization.</li> </ul> <h2>Growth Factors in the Biometrics Market</h2> <ul> <li style="font-weight: 400;">Rising Cybersecurity Threats: Global cyberattacks exceeded 2,300 incidents affecting 343 million victims in 2023, with data breaches increasing 72% year-over-year. Financial cyber fraud reached 1.13 million cases, driving 35% of organizations to implement biometric multi-factor authentication for enhanced protection.</li> <li style="font-weight: 400;">Mobile Device Integration: Smartphone biometric sensors reach 70% penetration in the US, with fingerprint and facial recognition standard across devices. Apple Pay, Samsung Pay, and Google's face verification drive mobile payment adoption. WhatsApp's biometric authentication adds security layers for 2 billion users worldwide.</li> <li style="font-weight: 400;">Border Control Modernization: US Customs and Border Protection issued RFI for "on the move" biometric facial capture technology at Ports of Entry. Canada mandates biometric submission for permanent residence applications since June 2023. Transportation Security Administration's Credential Authentication Technology units scan photo IDs, matching flight details for enhanced security.</li> <li style="font-weight: 400;">Healthcare Patient Identification: Biometric healthcare solutions grow at 15.98% CAGR, reaching $23 billion by 2033. Hospitals implement biometric authentication to prevent duplicate medical records and enable secure remote access to treatment plans. Ascension health system's 2024 cyberattack intensifies demand for biometric security solutions.</li> <li style="font-weight: 400;">Banking Fraud Prevention: Financial institutions deploy fingerprint recognition and facial authentication to combat identity theft. Mastercard's Biometric Authentication Service launched in January 2024, utilizing fingerprints, iris scans, and facial recognition to replace passwords. MinkasuPay received India patent for biometric 2-factor authentication technology in February 2024.</li> </ul> Leading Companies Operating in the Global Biometrics Industry: <ul> <li style="font-weight: 400;">Accu-Time Systems, Inc.</li> <li style="font-weight: 400;">BIO-Key International, Inc.</li> <li style="font-weight: 400;">Cognitec Systems, GmbH</li> <li style="font-weight: 400;">Fujitsu Limited</li> <li style="font-weight: 400;">3M Cogent, Inc.</li> <li style="font-weight: 400;">IDTECK</li> <li style="font-weight: 400;">NEC Corporation</li> <li style="font-weight: 400;">Siemens AG</li> <li style="font-weight: 400;">RCG Holdings, Ltd.</li> <li style="font-weight: 400;">Suprema, Inc.</li> <li style="font-weight: 400;">Lumidigm, Inc.</li> <li style="font-weight: 400;">IrisGuard, Inc.</li> <li style="font-weight: 400;">Daon, Inc.</li> <li style="font-weight: 400;">DigitalPersona, Inc.</li> <li style="font-weight: 400;">IDEMIA</li> </ul> Biometrics Market Report Segmentation: Breakup By Technology: <ul> <li style="font-weight: 400;">Face Recognition</li> <li style="font-weight: 400;">Hand Geometry</li> <li style="font-weight: 400;">Voice Recognition</li> <li style="font-weight: 400;">Signature Recognition</li> <li style="font-weight: 400;">Iris Recognition</li> <li style="font-weight: 400;">AFIS</li> <li style="font-weight: 400;">Non-AFIS</li> <li style="font-weight: 400;">Others</li> </ul> Non-AFIS accounts for the majority of shares at 35.6% on account of seamless, non-intrusive identification methods including facial recognition, iris scanning, and voice authentication. Breakup By Functionality: <ul> <li style="font-weight: 400;">Contact</li> <li style="font-weight: 400;">Non-Contact</li> <li style="font-weight: 400;">Combined</li> </ul> Contact dominates the market with 54.2% share due to widespread fingerprint scanner adoption in smartphones, access control, and attendance systems. Breakup By Component: <ul> <li style="font-weight: 400;">Hardware</li> <li style="font-weight: 400;">Software</li> </ul> Hardware leads the market with 84% share due to sensors, scanners, and biometric capture devices essential for accurate data collection and authentication. Breakup By Authentication: <ul> <li style="font-weight: 400;">Single-Factor Authentication</li> <li style="font-weight: 400;">Multifactor Authentication</li> </ul> Single-factor authentication dominates with 67.4% share due to simplicity, affordability, and widespread use in consumer electronics and government applications. Breakup By End-User: <ul> <li style="font-weight: 400;">Government</li> <li style="font-weight: 400;">Defense Services</li> <li style="font-weight: 400;">Banking and Finance</li> <li style="font-weight: 400;">Consumer Electronics</li> <li style="font-weight: 400;">Healthcare</li> <li style="font-weight: 400;">Commercial Safety and Security</li> <li style="font-weight: 400;">Transport/Visa/Logistics</li> <li style="font-weight: 400;">Others</li> </ul> Government enjoys the leading position with 21.4% share owing to national ID programs, border control modernization, and law enforcement applications driving large-scale biometric deployment. Breakup By Region: <ul> <li style="font-weight: 400;">Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)</li> <li style="font-weight: 400;">North America (United States, Canada)</li> <li style="font-weight: 400;">Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)</li> <li style="font-weight: 400;">Latin America (Brazil, Mexico, Others)</li> <li style="font-weight: 400;">Middle East and Africa</li> </ul> Asia Pacific enjoys the leading position with 35.6% market share owing to national ID initiatives, mobile payment growth, and government-led digital infrastructure development across China, India, and Southeast Asia. Recent News and Developments in Biometrics Market <ul> <li style="font-weight: 400;">February 2025: NEC Corporation developed biometric digital signature technology enabling highly accurate face recognition without storing facial data, enhancing security and reducing leakage risks through encrypted computation for electronic documents and digital transactions.</li> <li style="font-weight: 400;">January 2025: ASSA ABLOY agreed to acquire 3millID and Third Millennium for $21 million, expanding HID Global's portfolio for converged physical and digital access control solutions across enterprise security markets.</li> <li style="font-weight: 400;">December 2024: Gentex announced all-cash acquisition of VOXX International to secure iris-authentication intellectual property for mobility, automotive, and aerospace applications, strengthening biometric technology capabilities.</li> <li style="font-weight: 400;">May 2024: Suprema launched BioStar Air, the first cloud-based access control platform with native biometric authentication, eliminating on-premise servers and enabling seamless remote management for enterprises globally.</li> <li style="font-weight: 400;">April 2024: Mastercard launched Scam Protect, an AI-based tool combining digital identity, biometrics, and open banking capabilities to safeguard consumers against fraud, enhancing transaction security across payment networks worldwide.</li> </ul> Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. 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