Biometric System Companies

The global biometric system market is expected to be valued at USD 47.2 billion in 2024 and is projected to reach USD 84.5 billion by 2029; it is expected to grow at a CAGR of 12.3% from 2024 to 2029. Market participants have adeptly addressed rising biometric system demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations.

Key players operating in the biometric system market are Thales (France), IDEMIA (France), NEC Corporation (Japan), ASSA ABLOY (Sweden), Fujitsu (Japan), Precise Biometrics (Sweden), secunet Security Networks AG (Germany), Anviz Global Inc. (US), Aware inc. (US), Cognitec Systems GmbH (Germany), Daon, Inc. (US), DERMALOG Identification Systems GmbH (Germany), Neurotechnology (Lithuania), Innovatrics (Slovakia), Veridos GmbH (Germany), ZETES (Belgium), Jumio (US), Onfido (UK), iProov (UK)

To know about the assumptions considered for the study download the pdf brochure

Major Biometric System companies include:

• Thales (France)
• IDEMIA (France)
• NEC Corporation (Japan)
• ASSA ABLOY (Sweden)
• Fujitsu (Japan)
• Precise Biometrics (Sweden)
• secunet Security Networks AG (Germany)
• Anviz Global Inc. (US)
• Aware inc. (US)
• Cognitec Systems GmbH (Germany)

FACETEC, INC. (US), ID R&D INC. (US), Beijing Kuangshi Technology Co.,Ltd. (Megvii) (China), SenseTime (China), and Facebanx (UK) among others.
Thales (France)

Thales is a French multinational company that designs and builds electrical systems. Further, the company provides services for the aerospace, defense, transportation, and security markets. The company is focused on innovation strategies to expand its product portfolios across multiple verticals. The company prominently develops secure and robust technologies such as biometrics, cybersecurity, and secure communications. The company also offers air traffic management systems, avionics, and digital identity and security solutions for verticals such as defense, government, commercial, and healthcare facilities. The company has a global presence across multiple nations and a strong distribution network.

IDEMIA (France)

IDEMIA is a France-based company that manufactures several cutting-edge devices for identity confirmation. The company produces advanced identification technologies like biometric authentication, digital identification, and payment solutions. The firm’s products are available in different sectors, such as telecommunications in BFSI, government, and automotive. Facial recognition, fingerprint recognition, and iris recognition systems are some offerings in applications like national ID programs and border control law enforcement. The corporation has a worldwide presence and a strong distribution network in Europe and North America.

NEC Corporation (Japan)

NEC Corporation is an international company providing IT and network solutions. Its history dates back to 1899, and it is headquartered in Tokyo, Japan. This company deals in various products and services in the telecommunications industry, computers and their peripherals, software solutions, etc. The clients include government bodies, financial institutions, retail and service industries, and healthcare. NEC has a good reputation in AI, big data, cloud, security, and IoT technologies. It also remains one of the leading suppliers of biometric systems that offer advanced fingerprint, face, iris, and voice recognition technologies. By focusing on innovation and collaboration, NEC wants to lead the digitalization process and become a provider of new values for society.

ASSA ABLOY (Sweden)

ASSA ABLOY, based in Stockholm, Sweden, is among the world’s largest suppliers of locks and locking solutions, doors, gates, entrance automation, and biometric solutions. The company was founded in 1994 and, over the years, has expanded through acquisitions and new product developments, mainly targeting the residential and commercial segments. ASSA ABLOY offers mechanical and electromechanical locking systems, identification, and smart technologies. Their fingerprint and facial recognition technologies are part of their sophisticated security systems. As a leading company in the door-opening solutions business, ASSA ABLOY is dedicated to its solutions' sustainability and digital transformation, and it constantly adapts its products to serve its customers better.

Fujitsu (Japan)

Fujitsu is a global Information and communication technology company founded in Tokyo, Japan. This company originated in Japan and has been in operation since 1935. The company majorly deals with computing, networking, software, and IT infrastructure. The company’s solutions are targeted at manufacturing, retail, healthcare, and financial sectors to enable them to adopt digital solutions. Fujitsu is among the major biometric systems providers offering palm vein and fingerprint identification as key products. Fujitsu’s strategy is to continue developing research to advance new ideas and create sustainable solutions for clients worldwide.

Related Reports:

Biometric System Market by Authentication Type (Fingerprint, Iris, Face, Voice, Vein, Signature, Multi-factor), Offering (Sensor, Camera, Reader & Scanner, Software), Type (Contact, Contactless, Hybrid), Mobility, Deployment – Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]