The Next-Gen Biometric Authentication Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Next-Gen Biometric Authentication Market?
The size of the next-gen biometric authentication market has seen a dramatic increase in recent past. The market is projected to expand from $54.64 billion in 2024 to $67.23 billion in 2025. This growth signifies a compound annual growth rate (CAGR) of 23.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Next-Gen Biometric Authentication Industry?
The Next-Gen Biometric Authentication Global Market is projected to increase to $152.18 billion in 2029, with a compound annual growth rate (CAGR) of 22.7%.
Download Your Free Sample of the 2025 Next-Gen Biometric Authentication Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Next-Gen Biometric Authentication Market?
The key drivers in the next-gen biometric authentication market are:
• Rising adoption of contactless biometrics in public areas
• Advancements and utilization of 3D facial recognition technology
• Increased use of liveness detection as an anti-spoofing measure
• Expansion of mobile biometrics in e-governance services
Global Market Segmentation: Identifying Major Next-Gen Biometric Authentication Industry Segments
The next-gen biometric authentication market covered in this report is segmented –
1) By Authentication Type: Single Factor Authentication, Multi Factor Authentication
2) By Technology: Fingerprint Recognition, Iris Recognition, Palm Print Recognition, Face Recognition, Signature Recognition, Other Technologies
3) By End Users: Government And Defense, Banking, Financial Services, and Insurance (BFSI), Healthcare, Information Technology And Telecom, Retail, Travel And Hospitality, Others End Users
Subsegments:
1) By Single Factor Authentication Type: Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Palm Vein Recognition
2) By Multi Factor Authentication Type: Biometric & PIN Combination, Biometric & Password Combination, Biometric & Token-Based Authentication, Biometric & Behavioral Authentication, Adaptive Biometric Authentication
Pre-order the 2025 Next-Gen Biometric Authentication Global Market Report for Fast Delivery & Comprehensive Insights!
What are the emerging Trends Shaping the Future of the Next-Gen Biometric Authentication Market?
The key trends in the next-gen biometric authentication market are:
• The increasing incorporation of artificial intelligence in biometric authentication signals a key trend.
• Secure identity management is being transformed by the integration of blockchain technology.
• Contactless and touchless biometrics are becoming increasingly predominant.
• Behavioral biometrics advancements are shaping future trends and applications.
Who Are the Top Competitors & Leading Players in the Next-Gen Biometric Authentication Market?
Major players in the next-gen biometric authentication market are:
• Apple Inc.
• Samsung Electronics Co. Ltd.
• Siemens AG
• Fujitsu Limited
• NEC Corporation
• Safron S.A
• Thales Group
• IDEMIA
• Synaptics Inc.
• HID Global Corporation
• ZKTeco Co. Ltd.
• Clear Secure Inc.
• Fingerprint Cards AB
• Precise Biometrics
• Suprema Inc.
• Aware Inc.
• IriTech Inc.
• BIO-key International Inc.
• BioID GmbH
• Luxand Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the next-gen biometric authentication market in 2024
