Global Biometrics Market Expected to Reach USD 173.1 Billion by 2033 - IMARC Group

Global Biometrics Market Statistics, Outlook and Regional Analysis 2025-2033

The global biometrics market size was valued at USD 45.1 Billion in 2024, and it is expected to reach USD 173.1 Billion by 2033, exhibiting a growth rate (CAGR) of 14.4% from 2025 to 2033.

Technological improvements and innovation are having a favorable impact on the biometrics business. Furthermore, ongoing advances in biometric algorithms, sensor technologies, and processing capacities are resulting in considerable increases in biometric system accuracy, dependability, and performance. For example, in 2022, the Transportation Security Administration launched an identity management roadmap for biometrics, which was followed by Credential Authentication Technology (CAT). These machines can scan a traveler's photo ID and compare it to their flight information. These developments allow for more accurate identification and authentication of persons. Furthermore, the growing use of smartphones with biometric sensors, such as fingerprint scanners, facial recognition cameras, and iris scanners, has accelerated the expansion of mobile biometrics. Mobile biometric authentication provides secure and convenient access to devices, applications, and digital services, resulting in its integration into mobile banking, e-commerce, and identity verification systems. For example, in October 2023, Google improved facial authentication on its new smartphone, allowing customers to authenticate sign-in apps and make payments. The Pixel 8 and Pixel 8 Pro selfie cameras use AI and machine learning to provide secure Face Unlock that fulfills the highest Android biometric class criteria. In accordance with this, the use of multimodal biometric systems, which combine two or more biometric modalities such as fingerprint, facial, iris, voice, and behavioral biometrics, is growing. Furthermore, multimodal systems provide greater precision and reliability by using numerous biometric qualities for authentication, hence improving security and usability across multiple applications. 

Moreover, with the growing risk of cyber threats, data breaches, and identity theft incidents, firms from all industries are prioritizing security measures to secure sensitive information and prevent unauthorized access. For example, in 2023, there were over 2,300 cyberattacks, with around 343,338,964 victims. Data breaches rose by 72% in 2023, breaking the previous all-time high established in 2021. In line with this, in May 2024, the mega-health system, Ascencion, was hit by a cyberattack amidst growing concerns about cybersecurity in healthcare and an alarming surge in breaches. Biometric authentication offers a more secure and reliable method of verifying identities compared to traditional authentication methods like passwords or PINs, making it an essential component of modern security strategies. Besides this, governments around the world are investing in biometric technologies to enhance border security and immigration control. Facial recognition, iris scanning, and fingerprint identification are examples of biometric systems that allow authorities to automatically and accurately verify the identities of travelers, assisting them in identifying potential threats, criminals, or persons with fake travel credentials. For example, in May 2024, the UK government announced a US $295 Million investment in police biometrics. In line with this, in June 2023, the Canadian government announced that all candidates seeking permanent residence would be required to provide biometric data as part of their application. The goal of this new legislation is to strengthen border security and speed up immigration processing.

Global Biometrics Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, Asia Pacific accounted for the largest market share.

North America Biometrics Market Trends:

Governments are increasingly adopting biometric technologies to bolster national security and streamline citizen services. For instance, as of May 2023, the Department of Homeland Security (DHS) used biometrics for a variety of critical activities, including detecting and preventing illegal U.S. entrance, managing immigration benefits, vetting candidates, facilitating travel and commerce, enforcing laws, and confirming U.S. visa applications.

Europe Biometrics Market Trends:

The surge in cyber threats and data breaches has led organizations to seek robust security solutions. Biometric systems offer enhanced protection against unauthorized access, making them a preferred choice across various sectors. For instance, in the UK, a 2023 survey revealed that 59% of companies have integrated biometrics into their operations to bolster security measures.

Asia Pacific Biometrics Market Trends:

Asia Pacific acquired the largest market share due to technological innovations in security maintenance operations. Aside from that, the increasing use of biometrics in the banking industry to improve security and speed client authentication processes is driving market expansion. Furthermore, the increasing use of online payment platforms to conduct cashless transactions and pay for online purchases is driving market expansion. For example, in January 2024, the Indian government planned to implement a biometric-based system for foreign passengers to speed up immigration procedures.

Latin America Biometrics Market Trends:

Governments across Latin America are increasingly adopting biometric technologies to enhance security and streamline identification processes. For instance, countries like Brazil and Mexico have implemented biometric systems for national ID programs and border control to prevent identity fraud and improve public safety.

Middle East and Africa Biometrics Market Trends:

Major airports in the Middle East are integrating biometric systems to improve passenger processing and security. For instance, in January 2023, Dubai International Airport adopted the Iris ID Systems iCAM D1000 product line for security checkpoints, enabling efficient and secure passenger identification.

Top Companies Leading in the Biometrics Industry

Some of the leading biometrics market companies include Accu-Time Systems, BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, 3M Cogent, Inc., IDTECK, NEC Corporation, Siemens AG, RCG Holdings, Ltd., Suprema, Inc., Lumidigm, Inc., IrisGuard, Inc., Daon, Inc., DigitalPersona, Inc., and Morpho SA (Safran), among many others. For instance, in February 2023, Cognitec Systems GmbH, a facial recognition technology supplier based in Dresden, Germany, added a verification capability to its FaceVACS-Entry technology. The device not only captures biometric photographs, but also compares them to facial images retrieved from ID documents or databases. The method also includes detecting presentation attacks to check that the device is being used by a living person.

Global Biometrics Market Segmentation Coverage

• On the basis of the technology, the market has been bifurcated into face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, non-AFIS, and others, wherein voice recognition represented the largest segment. Users can gain access by simply speaking a passphrase or a specific phrase. It can also be used as part of a multi-factor authentication process, adding an extra layer of security alongside passwords or other biometric method.
• Based on the functionality, the market is categorized into contact, non-contact, and combined, amongst which non-contact accounted for the largest market share. Non-contact biometric methods are more convenient for users as individuals don't need to touch any surfaces or devices, making the authentication process faster and more user-friendly.
• On the basis of the component, the market has been divided into hardware and software. Among these, hardware accounted for the largest market share. Biometric hardware ensures accurate data capture by minimizing noise and interference.
• Based on the authentication, the market is bifurcated into single-factor authentication and multifactor authentication, wherein multifactor authentication accounted for the largest market share as it requires users to provide two or more different authentication parameters to verify their identity before gaining access to a system, application, or data.
• On the basis of the end-user, the market is segmented into government, defense services, banking and finance, consumer electronics, healthcare, commercial safety and security, transport/visa/logistics, and others. Currently, banking and finance accounted for the largest market share. The banking and finance sector uses biometrics for a variety of reasons, primarily to enhance security, streamline processes, and refine the overall user experience, further driving the segment’s growth.

Browse IMARC Related Reports on Biometrics Market:

• India Biometrics Market Report
   
• Asia Pacific Biometrics Market Report
   
• Europe Biometrics Market Report
   
• GCC Biometrics Market Report
   
• Latin America Biometrics Market Report