Global Government Biometric Market to Value $62.8 Bn Over 2017-2027

According to this latest report, now available on ASDReports, ‘The Government Biometric market is expected to register a CAGR of 6.37%, to reach US$7.9 billion in 2027. The market consists of five segments: Facial Recognition, Fingerprint Recognition, Signature Recognition, Iris/Retinal Recognition and Other Technologies. The fingerprint identification segment is expected to account for largest share, 36.4% of the market, followed by the facial recognition segment. Currently, North America dominates the sector with a share of 47.9%, followed by Asia-Pacific and Europe.

Drivers

• Government and law enforcement projects to boost demand for biometric systems
• Technological upgrades and advancements acting as a key driver for spending on the market

Trends

• Biometric ID cards continue to replace conventional identity cards world-wide
• Multimodal biometrics are more in demand over Unimodal biometrics
• Governments use of biometrics to secure borders to foster demand
• Mobile Biometrics devices are becoming popular with various governments

Challenges

• Data hacking pose a serious threat to biometric solutions
• Privacy of data and protection of civil rights poses a challenge for biometric systems market
• Complexity and cost of deployment, a key barrier for the biometric systems market

Read more on ASDReports or Download Report Information