Facial Recognition Global Market Report 2023 – By Technology (2D, 3D, Facial Analytics), By Application (Emotion Recognition, Attendance Tracking And Monitoring, Access Control, Security And Surveillance, Other Applications), By End User (Retail And E commerce, Media And Entertainment, Banking, Financial Services And Insurance, Automobile And Transportation, Telecom And Information Technology, Government, Healthcare, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Biometrics refers to biological instruments used to identify individuals based on various parameters such as fingerprints, facial recognition, and other attributes that are mainly used for identification and access control and for identifying those who are being monitored based on physical or behavioural characteristics. The main types of biometrics include IRIS recognition, hand geometry, facial recognition, signature verification, fingerprint, voice recognition, and palm vein. IRIS recognition devices refer to devices that capture unique patterns in the coloured circle of the eye to verify and authenticate identity. Biometrics including contact, non-contact and combined devices are used by the government, the military, banking, finance, consumer electronics, healthcare, commercial safety & security, and logistics. The global biometrics market is segmented – 1) By Biometric Type: IRIS Recognition, Hand Geometry, Facial Recognition, Signature Verification, Fingerprint, Voice Recognition, Palm Vein 2) By Functionality: Contact, Non-contact, Combined 3) By End-User: Government, Defense Services, Banking and Finance, Consumer Electronics, Healthcare, Commercial Safety and Security, Transport/Visa/Logistics, Other End Users The global biometrics market size will grow from $32.96 billion in 2022 to $39.37 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the biometrics is expected to grow to $73.5 billion in 2027 at a CAGR of 16.9%. The increasing use of biometric technology in consumer electronics for authentication and identification applications is driving the biometrics market. Biometric sensors are becoming a more common security feature in smartphones and other gadgets, and the low cost of biometric technology allows manufacturers to incorporate them into a larger range of goods. Consumer electronic devices such as access door locks, security devices, home automation, IoT, cars, game consoles, and mobile devices are increasingly utilizing biometric technology to enhance the security of the devices. Fingerprint, face, and voice recognition are becoming more popular methods of authenticating an individual for access and payments. They are faster, simpler, and more secure than standard credentials or PINs, which are difficult to recall and easy to steal. According to a survey conducted by Visa in May 2022, 86% of the consumers are interested in using biometrics to authenticate their identity for making payments, 70% of the consumers responded that biometrics are easier to use, and 46% believe they are more secure than passwords or PINs. Therefore, the increasing use of biometric technology in consumer electronics for authentication and identification applications is expected to boost the biometrics market during the forecast period. Major players in the biometrics market are Leidos Holdings Inc., NEC Corporation, Fujitsu Limited, Aware Inc., Nuance Communications Inc., IDEMIA, Cognitec Systems, Assa Abloy, BIO-Key International Inc., Thales Group, Stanley Convergent Security Solutions Inc., M2SYS Technology, ImageWare Systems Inc., Accu-Time Systems, IDTECK, Siemens, RCG Holdings Ltd., Suprema Inc., Daon Inc., DERMALOG Identification Systems, and Accenture. Strategic partnership is a key trend gaining popularity in the biometrics market. The companies operating in the biometrics market are focusing on entering into a strategic partnership with technology to expand their product development activities and business reach. In August 2021, NEXT Biometrics, a Norway-based company that delivers high-security fingerprint sensors to device and product manufacturers, entered into a partnership agreement with Paravision to provide dual authentication techniques to clients who require face and fingerprint biometric solutions. Paravision is a US-based computer vision firm that specializes in face recognition. In March 2022, LexisNexis Risk Solutions, a data and analytics company that serves a variety of sectors with data and technology services, acquired BehavioSec for an undisclosed amount. With this acquisition, LexisNexis will integrate BehavioSec's solutions into the risk solution business services, enhancing the company's device and digital identity-focused capabilities, such as LexisNexis ThreatMetrix. BehavioSec is a Sweden-based behavioral biometrics company that uses end users' activities with online and mobile apps to provide continuous authentication. North America was the largest region in the biometrics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the biometrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The biometrics market consists of the sale of speech recognition, finger vein recognition, ear authentication, and retinal scanning. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biometrics market research report is one of a series of new reports from The Business Research Company that provides biometrics market statistics, including biometrics industry global market size, regional shares, competitors with a biometrics market share, detailed biometrics market segments, market trends and opportunities, and any further data you may need to thrive in the biometrics industry. This biometrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The contactless biometric refers to a technology that is used for identification and authentication or to identify people under surveillance. The use of contactless biometric verification permits user authorization without requiring a person to touch any machine sensors. In addition, behavioral security technologies and multi-factor authentication utilizing non-contact biometrics are much more secure than the procedures are accustomed to. The main components of contactless biometrics are hardware, software, and services. Contactless biometrics are used for identification or verification Biometrics based on human physical traits generally come in the form of hardware devices like fingerprint readers, iris readers, and palm readers. The technologies are contactless fingerprint technology, facial recognition, iris recognition, palm vein recognition, voice recognition, and contactless cards. The applications are the face, fingerprint, hand geometry, iris, voice, and other applications. The end users include government, bfsi, consumer electronics, healthcare, transport & logistics, defense & security, and other end users. The global contactless biometrics market is segmented - 1) By Component: Hardware, Software, Services 2) By Technology: Contactless Fingerprint Technology, Facial Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, Contactless Cards 3) By Application: Face, Fingerprint, Hand Geometry, Iris, Voice, Other Apllications 4) By End User: Government, BFSI, Consumer electronics, Healthcare, Transport And logistics, Defense And Security, Other End Users The global contactless biometrics market size will grow from $17.13 billion in 2022 to $20.25 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the contactless biometrics is expected to grow to $38.12 billion in 2027 at a CAGR of 17.1%. The rise of contactless payment systems is driving the growth of the contactless biometric market. Contactless payment is a wireless financial transaction in which a client authorizes payment for a purchase by bringing a security token very near the point of sale (PoS) scanner of the merchant. For instance, in 2020, according to the US. research and markets, contactless payment terminals were valued at $13.23 billion, and by 2026, it is anticipated to grow to $51.07 billion. Therefore, demand for contactless biometrics will rise as the prevalence of increasing contactless payment systems rises. Major players in the contactless biometrics market are Touchless Biometric Systems AG, IDEMIA SAS, NViaSoft, Fujitsu Limited, NEC Corporation, Gemalto N.V, Aware Inc., HID Global, M2SYS Technology, Neurotechnology, Assa Abloy AB, Blue Biometrics, EYN, FEITIAN Technologies Co., and GateKeeper Proximity. Technological advances are a key trend gaining popularity in contactless biometrics major companies operating in contactless biometrics are developing new products or new technologies for strengthening the demand for contactless biometrics. For Instance, in April 2022, Moqi Technology, a China-based AI-technology company, launched 3D touchless fingerprint biometric scanner. The fingerprint scanner can register 10 fingers in 200 seconds and do 3D modelling of the finger surface with sub-millimeter accuracy. In addition, it provides NFIQ 2 values for biometric data quality that are 20% greater than contact fingerprint scanners, the statement claims. Moqi claims that its palmprint comparison system may be installed in addition to the fingerprint scanner to give more precise biometric registration. In August 2021, Telos Corporation, a US-based information technology services acquired Diamond Fortress Technologies (DFT) for an undisclosed amount. The acquisition is expected to expand Telos' collection of biometric and digital identification patents. Telos will be able to better meet the needs of organizations in both existing and new markets, such as transportation, healthcare, and financial services, with the addition of contactless biometrics technology. Diamond Fortress Technologies (DFT) is a US-based biometric security software developer. North America was the largest region in the contact biometric market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in contactless biometric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the contactless biometric market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The contactless biometric market consists of revenues earned by entities by providing ear identification, gait identification, and hand vein capturing technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The contactless biometrics market research report is one of a series of new reports from The Business Research Company that provides contactless biometrics market statistics, including contactless biometrics industry global market size, regional shares, competitors with a contactless biometrics market share, detailed contactless biometrics market segments, market trends and opportunities, and any further data you may need to thrive in the contactless biometrics industry. The contactless biometrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A biometric sensor refers to a transducer that turns a biometric trait of an individual into an electrical signal. It tackles a variety of security-related concerns across multiple sectors to identify, verify, and authenticate the identification by using tools such as fingerprints, facial recognition, iris, and voice recognition. The main types of biometric sensors are capacitive sensors, optical sensors, thermal sensors, ultrasound sensors, and electric field sensors. A capacitive sensor is an electronic device that can detect solid or liquid targets without physical contact. The different applications of biometric sensors include voice scans, finger scans, hand scans, facial scans, iris scans, vein scans, and other applications. The end-users for biometric sensors include consumer electronics, commercial centres and buildings, medical research and labs, banks and financial services sectors, defence and security, and other end-users. The global biometric sensor market is segmented - 1) By Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, Electric Field Sensors 2) By Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, Other Applications 3) By End-User: Consumers Electronics, Commercial Centers And Buildings, Medical Research And Lab, Bank And Finance Service Sector, Defense and Security, Other End-User The global biometric sensor market size will grow from $2.67 billion in 2022 to $3.09 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size ofn the biometric sensor is expected to grow to $5.54 billion in 2027 at a CAGR of 15.7%. An increase in the number of identity thefts is expected to propel the growth of the biometric sensor market going forward. Identity theft is the theft of personal information, such as social security numbers, bank account numbers, or credit card numbers. Biometrics meet all of the requirements for authentication, non-repudiation, confidentiality, and integrity, which helps in reducing and eradicating identity theft. For instance, in 2021, according to the Identify Theft Resource Centre, a US-based non-profit organization, the total number of data compromises increased by 68% compared to 2020. Further, according to a report by the Federal Trade Commission (FTC), a US-based consumer protection agency, the number of identity theft cases in the US more than doubled in 2020 from 2019. Therefore, an increase in the number of identity thefts is driving the biometric sensor market growth. Major players in the biometric sensor market are 3M Company, Crossmatch, Fulcrum Biometrics LLC, NEC Corporation, Precise Biometrics AB, IDEX ASA, Suprema Inc., ZKTeco Inc., SAFRAN S.A., SUPREMA, Mantra Softech (India) Pvt. Ltd., SparkFun Electronics, BioEnable Technologies Pvt. Ltd., NEXT Biometrics Group ASA, Synaptics Incorporated, HID Global Corporation, Integrated Biometrics, and NITGEN CO.LTD. Product innovation is a key trend gaining popularity in the biometric sensor market. Companies in the market are focusing on product innovation and enhanced security measures such as biometric-enabled cards for payments. For instance, in July 2021, Thales Group, a French aerospace company operating in the biometric sensor market, launched the Thales EMV contactless biometric payment card. The contactless biometric card simplifies proximity payments while simultaneously ensuring a high level of privacy and security. A simple and secure personal enrollment method is used to load the user's fingerprint data onto the card, which can be done at home or in a bank branch. The company is amongst the first to offer a contactless biometric card that meets all major payment scheme certification requirements. In April 2020, Fujitsu Frontech North America Inc., a US-based leading provider of innovative technology and IT-based business strategies and applications, acquired Fulcrum Biometrics for an undisclosed amount. With this acquisition, Fujitsu Frontech North America, Inc., intends to improve its biometric authentication solutions business both nationally and globally and also expand its geographical footprint. Fulcrum Biometrics is a US-based provider of advanced biometric hardware and software solutions for fingerprint, face, iris, palm print, palm vein, and voice biometrics. North America was the largest region in the biometric sensor market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the biometric sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The biometric sensor market consists of sales of signature verification machine, hand geometry, and speech recognition equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biometric sensors market research report is one of a series of new reports from The Business Research Company that provides biometric sensors market statistics, including biometric sensors industry global market size, regional shares, competitors with a biometric sensors market share, detailed biometric sensors market segments, market trends and opportunities, and any further data you may need to thrive in the biometric sensors industry. The biometric sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The fingerprint sensor is a type of sensor that is used in a fingerprint detection device to detect fingerprints for biometric authentication to grant the user access to certain information or entry/exit. They are majorly used for their accuracy, better performance, and robustness based on exclusive fingerprint biometric technology. Fingerprint sensors are used in authentication processes. The main types in the fingerprint sensor market are area and touch sensors and swipe sensors. The area and touch sensors capture and record the image of the finger that is placed over the sensor. The different technologies include capacitive, optical, thermal, and ultrasonic and involve various sensor technologies such as 2D and 3D technology. These are used in various applications such as consumer electronics, government and law enforcement, military, defense, and aerospace, travel and immigration, banking and finance, commercial, healthcare, smart homes, and others. The global fingerprint sensor market is segmented - 1) By Type: Area And Touch Sensors, Swipe Sensors 2) By Technology: Capacitive, Optical, Thermal, Ultrasonic 3) By Sensor Technology: 2D, 3D 4) By Application: Consumer Electronics, Government And Law Enforcement, Military, Defense, And Aerospace, Travel And Immigration, Banking And Finance, Commercial, Healthcare, Smart Homes, Other Applications The global fingerprint sensor market size grew from $4.92 billion in 2022 to $5.9 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The fingerprint sensor market size is expected to grow to $11.55 billion in 2027 at a CAGR of 18.3%. The high adoption of biometrics by governments is significantly contributing to the growth of the fingerprint sensor market. In offices, fingerprint sensors are crucial for biometric identification and attendance monitoring. Governments across the world are now adopting fingerprint sensors into their use. For instance, according to the Biometric Update, a US-based online source that provides information about the global biometrics sector, in October 2020, police units in the UK adopted mobile fingerprint scanners to use on the streets. This will help the police to fetch the identity of the suspect within 60 seconds if the fingerprint matches the fingerprints that are already in police databases. The INK Biometrics mobile biometric solution will be used with crossmatch fingerprint sensor device. Therefore, the high adoption of biometrics by governments is expected to propel the growth of the fingerprint sensor market going forward. Major players in the fingerprint sensor market are Cogent Systems Inc., Anviz Global, Apple Inc., Egis Technology Inc., Fingerprint Cards, Shenzhen Goodix Technology Co. Ltd., Idex Biometrics ASA, NEC Corporation, NEXT Biometrics Group ASA, Qualcomm Technologies Inc., Synaptics Incorporated, BIO-key International, Crucialtec, Hid Global Corporation, M2SYS Technology, Novatek Microelectronics and Secugen Corporation. Technological advancement is a key trend gaining popularity in the fingerprint sensor market. Major companies operating in the fingerprint sensor sector are focused on developing new technological solutions to meet consumer demand and strengthen their position. For instance, SecuGen Corporation, a US-based optical fingerprint technology company, launched fingerprint reader Hamster Pro 30 and OEM sensor U30. The FBI has certified SecuGen's new contact fingerprint reader and sensor is used in FIPS 201 PIV and Mobile ID FAP 30 applications. In September 2022, ASSA ABLOY, a Sweden-based provider of safe and secure doorways, acquired Control iD for an undisclosed amount. This acquisition of Control ID will fill multiple gaps of ASSA ABLOY by integrating biometric technologies, especially facial recognition. Control iD is a Brazil-based developer of hardware and software solutions for access control, fingerprint sensor and time and attendance. Asia-Pacific was the largest region in the fingerprint sensor market in 2022. The regions covered in the fingerprint sensor market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fingerprint sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The fingerprint sensor market consists of sales of optical fingerprint sensors, capacitive fingerprint sensors, thermal fingerprint sensors, and other fingerprint sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fingerprint sensor market research report is one of a series of new reports from The Business Research Company that provides fingerprint sensor market statistics, including fingerprint sensor industry global market size, regional shares, competitors with a fingerprint sensor market share, detailed fingerprint sensor market segments, market trends and opportunities, and any further data you may need to thrive in the fingerprint sensor industry. This fingerprint sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The gesture recognition refer to a type of perceptual computing user interface that enables computers to recognize and understand human gestures as orders. Gesture recognition entails tracking a human position, orientation, or movement and then interpreting it to distinguish semantically significant gestures. It is utilized for Human-Computer Connection (HCI), a type of human-machine interaction that uses just physical actions rather than voice. The main types of gesture recognition are online gestures and offline gestures. Online gestures are real-time gestures that use technology where the hand surface is extracted from the background by the subtraction method. The various authentication types include finger-print recognition, face recognition, vision and iris recognition, and hand and leg recognition based on touch-based and touchless technology. It is used across several industries such as automotive, consumer electronics, healthcare, finance and banking, advertisement and communication, defense, government, and other industries. The global gesture recognition market is segmented - 1) By Type: Online Gesture, Offline Gesture 2) By Technology: Touch-Based, Touchless 3) By Authentication Type: Finger Print Recognition, Face Recognition, Vision And IRIS Recognition, Hand And Leg Recognition 4) By Industry: Automotive, Consumer Electronics, Sports, Healthcare, Advertisement And Communication, Aerospace And Defense, Government, Other Industries The global gesture recognition market size will grow from $16.44 billion in 2022 to $20.14 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the gesture recognition is expected to grow to $46.27 billion in 2027 at a CAGR of 23.1%. The growing digitalization is propelling the growth of the gesture recognition market. Many companies and organizations are adopting biometrics solutions that help in the digitalization of large processes. Biometrics s a scientific method of identifying a person's gestures by measuring their physical and/or behavioral features that are used for different applications like mobiles, laptops, and screenings. The rise of biometrics is increasing due to businesses realizing the benefits of biometric technologies in terms of security and ease of their operations. According to Imageware, a US-based biometric identification and authentication solutions company, global biometric technology is expected to reach $55.42 billion by 2027. Therefore, the growing digitalization is driving the gesture recognition market growth. Major players in the gesture recognition market are Apple, Cognitec Systems, Intel Corporation, Microchip Technology, Qualcomm, Synaptics, Google, GestureTek, IrisGuard UK Ltd., PointGrab Ltd., Cipia, HID Global, Ultraleap, iProov Limited, and Oblong Industries. Technological advancement is a key trend gaining popularity in the gesture recognition market. Major companies operating in the gesture recognition market are focused on developing new technological solutions to meet consumer demand and strengthen their position. In December 2020, LamasaTech, an England-based interactive touch screen technology has launched VisiPoint, a gesture recognition platform designed for visitor and employee sign-in with temperature screening. An organization can utilize the compliance creator to build an agreement, such as an NDA or site terms and conditions, or a questionnaire, such as a CDC/health screening questionnaire, that will be displayed to users on-screen during the sign-in process. Users can deliver a yes or no answer just by raising a thumbs up or thumbs down in front of the camera, keeping the transaction fully contactless. Every time a user enters, compliance checks might be displayed. Organizations will be able to remotely monitor entry logs, analyze temperature data, and modify device settings due to VisiPoint Cloud. In January 2021, Qualcomm, a US-based company acquired Clay AIR for an undisclosed amount. The acquisition is expected to strengthen Qualcomm’s XR technology stack with the inclusion of Clay AIR's highly accurate and power-efficient hardware-agnostic technology and industry-leading team of computer vision, interaction design, and machine learning professionals. Clay AIR is a US-based AI-powered hand tracking and gesture recognition technology company. North America was the largest region in the gesture recognition market in 2022. The regions covered in the gesture recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the gesture recognition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The gesture recognition market includes revenues earned by entities by workout tracking to in-store monitoring, gesture recognition services, voice recognition, image recognition. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The gesture recognition market research report is one of a series of new reports from The Business Research Company that provides gesture recognition market statistics, including gesture recognition industry global market size, regional shares, competitors with a gesture recognition market share, detailed gesture recognition market segments, market trends and opportunities, and any further data you may need to thrive in the gesture recognition industry. This gesture recognition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The digital identity refer to a set of digital qualities and credentials that are validated in the digital realm, analogous to a person's real-world identity. It is used for various purposes such as a unique identity number, social security number, immunization code, name, location, date of birth, citizenship, biometrics, and others. It has a high level of accuracy and compliance, as well as minimal operational costs, a better client experience, and improved security. The main components of digital identity include solutions and services, and they are deployed through on-premises and cloud. The solution market consists of sales of digital identity solutions by entities (organizations, sole traders, and partnerships) that refers to a software or platform designed to generate identities, protect digital data transfers and manage credentials stored in any cryptographic devices while maintaining security, quality, and robustness. They are operated through single-factor and multi-factor authentications, and they are used in wide range of industries ranging from BFSI, retail and ecommerce, government and defence, IT and ITeS, telecommunications, energy and utility, and other verticals. The global digital identity market is segmented - 1) By Component: Solutions, Services 2) By Type: Single-factor Authentication, Multi-factor Authentication 3) By Deployment Type: Cloud, On-Premises 4) By Organization Size: Large Enterprises, SMEs 5) By Vertical: BFSI, Retail and eCommerce, Government and Defense, Healthcare, IT and ITeS, Telecommunications, Energy and Utilities, Other Verticals The global digital identity market size will grow from $23.63 billion in 2022 to $27.19 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital identity is expected to grow to $48.51 billion in 2027 at a CAGR of 15.6%. An increase in instances of identity-related fraud and data breaches is contributing to the growth of the digital identity market. Identity fraud is a crime in which someone wrongfully obtains and uses other individuals’ data in some way that involves fraud and deception for economical gain. Industries across the globe are adopting advanced digital identity solutions to effectively mitigate identity-related fraud and thefts. According to a study published by The Consumer Centinal Network, the volume of identity theft or fraud-related complaints across the United States increased by 113% from 2019 to 2020. Thus, the rise in identity-related fraud and data breaches is expected to boost the digital identity market during the forecast period. Major players in the digital identity market are NEC Corporation, Samsung SDS, Thales Group, GBG, Telus, Tessi, IDEMIA, ForgeRock, Jumio, ImageWare Systems, iProov, Daon, ID R&D, Refinitiv, Duo Security, Syntizen Technologies Pvt Ltd., Signicat, Smartmatic, Verisec, Vintegris, and OneSpan. The partnership among the companies is a key trend gaining popularity in the digital identity market. The companies operating in the digital identity market are focusing on partnering with a technology-based player for the development of innovative technologies and enhancement of existing products to increase customer experience and performance. For instance, In April 2022, Blinking, a Serbia-based provider of digital identity and onboarding solutions partnered with IPification, a Hong Kong-based provider of mobile IP address-based authentication, user verification, and fraud prevention services to further improve the capabilities and performance of their platform. in May 2020, Ontology, an operator of high-performance enterprise blockchain and distributed collaboration platform partnered with Sphericity, a Germany-based provider of decentralized digital identity solutions for the development of innovative digital identity solutions. The partnership is focused on delivering enterprise solutions for cross-border supply chain and resilience. In November 2021, GBG a UK-based company pioneered in identity verification, location intelligence, and fraud prevention company has acquired Acuant for an amount of $736 million. The acquisition strengthens GBG as a market leader in the strategically crucial North American market while also speeding up the global rollout of GBG's identification and fraud solutions. Through this acquisition, the combined product portfolio of both companies would establish a digital platform that will support both firms' networks of partners and clients, allowing them to manage billions of global transactions across a variety of industries. Acuant is a US-based company pioneered in identity verification, document authentication, and fraud prevention technology services provider. North America was the largest region in the digital identity market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital identity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital identity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The digital identity market includes revenues earned by entities by providing digital identity services such as identification/registration services, digital ID life-cycle management services, identity federation services, strong authentication services, and digital signature services to offer user-centric solutions and streamline citizen on-boarding. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital identity market research report is one of a series of new reports from The Business Research Company that provides digital identity market statistics, including digital identity industry global market size, regional shares, competitors with a digital identity market share, detailed digital identity market segments, market trends and opportunities, and any further data you may need to thrive in the digital identity industry. This digital identity market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A digital signature is an electronic signature and is equivalent to a handwritten signature or stamped seal. It offers more inherent security and is expected to solve the problems of tampering and impersonation. The main offerings of digital signature are software, hardware and services. Digital signature software is used by businesses to help them securely sign, send, and manage documents in order to facilitate the digital document signing process. The various deployment mode includes cloud and on-premises that are used by banking, financial services, and insurance (BFSI), IT and telecommunications, government, health care and life sciences, education, retail, real estate and other end users. The global digital signature market is segmented - 1) By Offering: Software, Hardware, Services 2) By Deployment: Cloud, On-premises 3) By End User: Banking, Financial services, and Insurance (BFSI), IT and Telecommunications, Government, Health care and life sciences, Education, Retail, Real Estate, Other End-Users The global digital signature market size will grow from $5.1 billion in 2022 to $6.78 billion in 2023 at a compound annual growth rate (CAGR) of 32.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global digital signature is expected to grow to $21.08 billion in 2027 at a CAGR of 32.8%. Supporting policies by the governments of various nations drove the digital signature market. For instance, the US government has passed an act called the 21st Century Integrated Digital Experience Act (also known as 21st Century IDEA Act). The 21st Century IDEA Act created a set of minimum functionalities and security standards that federal agencies must meet. According to this Act, the agencies must offer digital versions of paper-based citizen services and accept digital signatures, thereby, allowing citizens to complete transactions digitally. Such policies by the government of various nations have boosted the demand for the digital signature market. Major players in the digital signature market are Adobe systems, DocuSign Inc., Ascertia, Identrust, SIGNiX, Gemalto, Entrust Datacard Corporation, Kofax Limited (a Lexmark Company), Rpost Technologies, Secured Signing Limited, OneSpan, Hellosign, Globalsign, MultiCert, RightSignature, Zoho Corp., Esignlive By VasCo., Arthur D. Little, Shachihata Inc., Glykka LLC., eSign Genie, SignaShare, KeepSolid Inc., GetAccept Inc., Symtrax Holdings Inc., Microsoft Corporation, International Business solutions LLC., Korea SYSTEM’s TECH Inc., Kotrade Inc. and Oracle Corporation. The lack of awareness about the legality of the digital signature is a major challenge for the digital signature market. Several countries have formulated laws assigning legal validity to digital signatures to ensure authenticity and security. For instance, ESIGN Act (Electronic Signature in Global and National Commerce Act), GPEA (Government Paperwork Elimination Act), EU law (EU Directive for Electronic Signatures), and Indian IT Act 2000, among others. However, the public across various countries are unaware of the existence of the digital signature law. This is mainly because of the lack of proper communication on the adoption of laws and regulations. Due to the complexity of regulations and the difficulty of understanding laws, the public seems to be unaware of the details. Therefore, the lack of awareness about the legality of a digital signature is limiting the adoption of digital signatures thereby impacting the market growth. The digital signature solutions providing companies are integrating blockchain technology with the digital signature. The goal of integrating blockchain with a digital signature is to offer users the possibility to certify integrity and time stamp. For instance, DocuSign collaborated with Visa for the public prototypes of a blockchain-based smart contract. A blockchain-based smart contract turns the contract into a computer program and the internet-connected program monitors and triggers the relevant actions on the contract's terms. In May 2020, Visma, a Norway-based software consulting and developing company, acquired the digital signature and document management provider Zetech for an undisclosed amount. The acquisition is expected to add nearly 1,000 new customers and a million users across five countries and strengthen Visma's ability to provide resilient cloud solutions to Latin America. Asia-Pacific was the largest region in the digital signature market in 2022. Asia-Pacific is expected to be the fastest-growing region in the digital signature market report during the forecast period. The regions covered in the digital signature analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital signature market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The digital signature market includes revenues earned by entities by providing digital signature solutions. The digital signature solutions include software and hardware solutions, and related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital signature market research report is one of a series of new reports from The Business Research Company that provides digital signature market statistics, including digital signature industry global market size, regional shares, competitors with a digital signature market share, detailed digital signature market segments, market trends and opportunities, and any further data you may need to thrive in the digital signature industry. This digital signature market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.