Press release
Multi-Modal Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The Multi-Modal Biometrics Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The Global Multi-Modal Biometrics Market Size is Projected to Reach at a CAGR of 15% during 2022-2027.
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Market Overview
One of the key trends witnessed in the market studied is a model shift in business discourse toward more privacy and fewer security threats. The end-users are increasingly looking for integrated solutions rather than depending on conventional methods.
Consumer biometric applications have expanded rapidly over the recent years, with the increased adoption of mobile devices. The consumer electronics sector is dominated majorly by security and access control devices, owing to the adoption of biometric systems. Thus, it is supporting the growth of the market. For instance, WhatsApp, a popular messaging app, launched an additional privacy measure on the Android platform. The company claims that users will soon be able to secure their accounts in the form of biometric authentication through fingerprint sensors.
Top Leading Companies:
NEC, ZKTeco, 3M Cogent, 4G Identity Solutions, IriTech, ImageWare Systems, BioID, Fujitsu, Suprema, Crossmatch, M2SYS, Safran
Recent Development:
NEC has acquired 11 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 6 assets. NEC’s largest acquisition to date was in 2018 when it acquired KMD A/S for $1.2B. Its largest disclosed sale occurred in 2017 when it sold NEC TOKIN to KEMET for $53M. NEC has been acquired in 2 different US states, and 7 countries. The Company’s most targeted sectors include software (46%) and information technology (28%). NEC Corporation is a global provider of IT hardware and solutions. The Company also offers systems integration services, such as systems implementation and consulting services. NEC Corporation was founded in 1899 and is based in Tokyo, Japan.
October 2021 - ImageWare Systems developed a biometrically enabled Blockchain-Powered Self Sovereign Identity solution and entered the Self Sovereign Identity market. Adding biometric protection to the identity blockchain provides the final layer of protection the data is secure in digital wallets and only accessible to authorized users.
Multi-Modal Biometrics Market Segmentation by Type:
Fingerprint Recognition
Facial Recognition
Iris Recognition
Voice Recognition
Vein Recognition
Multi-Modal Biometrics Market Segmentation by Application:
Automotive
Electronics
Machinery
Commercial
Others
Explore Full Report with Detailed TOC Here:
https://www.marketintelligencedata.com/reports/1073322/global-multi-modal-biometrics-market-development-strategy-pre-and-post-covid-19-by-corporate-strategy-analysis-landscape-type-application-and-leading-20-countries?Mode=rukaiyya
We will get in touch with you within 24hrs and help you find the research reports and Additional Customization you need.
APAC Dominates the Market:
APAC remains a key market due to the high influence of the digital trend and greater customer acceptance of biometrics solutions. eCommerce and online retail are opening new avenues for biometric deployments across the region, with countries in other regions following suit. While stringent regulations pertaining to data privacy are causing uncertainty over biometrics, government regulations such as e-passports, digital ID, and digital licenses augur well for the technology's deployment in public service segments among different countries. Advanced biometric modalities such as behavioural biometrics, palm vein biometrics, 3D facial recognition and artificial intelligence-based biometrics are gaining traction given the need for higher accuracy and faster response times for high-end deployments. As these deployments become more prevalent, vendors will need to focus on interoperability and deployment of the technologies for ensuring optimum usability of different modalities.
Regional Multi-Modal Biometrics Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
Buy Full Report Here:
https://www.marketintelligencedata.com/report/purchase/1073322?mode=su?Mode=rukaiyya
Highlights of the Multi-Modal Biometrics Market Report:
Detailed overview of Multi-Modal Biometrics Market
Changing the Multi-Modal Biometrics market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Multi-Modal Biometrics market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Multi-Modal Biometrics Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Multi-Modal Biometrics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Multi-Modal Biometrics industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
ABOUT US:
Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Intelligence information
Phone: + 1704 266 3234 | 750-707-8687
Email: sales@marketintelligencedata.com
The Global Multi-Modal Biometrics Market Size is Projected to Reach at a CAGR of 15% during 2022-2027.
Click Here to Get a Free Sample Copy:
https://www.marketintelligencedata.com/reports/1073322/global-multi-modal-biometrics-market-development-strategy-pre-and-post-covid-19-by-corporate-strategy-analysis-landscape-type-application-and-leading-20-countries/inquiry?Mode=rukaiyya
Market Overview
One of the key trends witnessed in the market studied is a model shift in business discourse toward more privacy and fewer security threats. The end-users are increasingly looking for integrated solutions rather than depending on conventional methods.
Consumer biometric applications have expanded rapidly over the recent years, with the increased adoption of mobile devices. The consumer electronics sector is dominated majorly by security and access control devices, owing to the adoption of biometric systems. Thus, it is supporting the growth of the market. For instance, WhatsApp, a popular messaging app, launched an additional privacy measure on the Android platform. The company claims that users will soon be able to secure their accounts in the form of biometric authentication through fingerprint sensors.
Top Leading Companies:
NEC, ZKTeco, 3M Cogent, 4G Identity Solutions, IriTech, ImageWare Systems, BioID, Fujitsu, Suprema, Crossmatch, M2SYS, Safran
Recent Development:
NEC has acquired 11 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 6 assets. NEC’s largest acquisition to date was in 2018 when it acquired KMD A/S for $1.2B. Its largest disclosed sale occurred in 2017 when it sold NEC TOKIN to KEMET for $53M. NEC has been acquired in 2 different US states, and 7 countries. The Company’s most targeted sectors include software (46%) and information technology (28%). NEC Corporation is a global provider of IT hardware and solutions. The Company also offers systems integration services, such as systems implementation and consulting services. NEC Corporation was founded in 1899 and is based in Tokyo, Japan.
October 2021 - ImageWare Systems developed a biometrically enabled Blockchain-Powered Self Sovereign Identity solution and entered the Self Sovereign Identity market. Adding biometric protection to the identity blockchain provides the final layer of protection the data is secure in digital wallets and only accessible to authorized users.
Multi-Modal Biometrics Market Segmentation by Type:
Fingerprint Recognition
Facial Recognition
Iris Recognition
Voice Recognition
Vein Recognition
Multi-Modal Biometrics Market Segmentation by Application:
Automotive
Electronics
Machinery
Commercial
Others
Explore Full Report with Detailed TOC Here:
https://www.marketintelligencedata.com/reports/1073322/global-multi-modal-biometrics-market-development-strategy-pre-and-post-covid-19-by-corporate-strategy-analysis-landscape-type-application-and-leading-20-countries?Mode=rukaiyya
We will get in touch with you within 24hrs and help you find the research reports and Additional Customization you need.
APAC Dominates the Market:
APAC remains a key market due to the high influence of the digital trend and greater customer acceptance of biometrics solutions. eCommerce and online retail are opening new avenues for biometric deployments across the region, with countries in other regions following suit. While stringent regulations pertaining to data privacy are causing uncertainty over biometrics, government regulations such as e-passports, digital ID, and digital licenses augur well for the technology's deployment in public service segments among different countries. Advanced biometric modalities such as behavioural biometrics, palm vein biometrics, 3D facial recognition and artificial intelligence-based biometrics are gaining traction given the need for higher accuracy and faster response times for high-end deployments. As these deployments become more prevalent, vendors will need to focus on interoperability and deployment of the technologies for ensuring optimum usability of different modalities.
Regional Multi-Modal Biometrics Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
Buy Full Report Here:
https://www.marketintelligencedata.com/report/purchase/1073322?mode=su?Mode=rukaiyya
Highlights of the Multi-Modal Biometrics Market Report:
Detailed overview of Multi-Modal Biometrics Market
Changing the Multi-Modal Biometrics market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Multi-Modal Biometrics market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Multi-Modal Biometrics Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Multi-Modal Biometrics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Multi-Modal Biometrics industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
ABOUT US:
Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Intelligence information
Phone: + 1704 266 3234 | 750-707-8687
Email: sales@marketintelligencedata.com
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