Growth Opportunities in the Global Biometric Solutions Industry
Growth Opportunities in the Global Biometric Solutions Industry
Industry Convergence to Create More Defined Roles and Applications
15-Nov-2022
Global
Description
This research service looks at the biometric solutions market, identifying trends, best practices, and customer decision-making factors within six market verticals: law enforcement, retail, commercial, airports, government, and banking and financial services. This service includes a full market analysis, including market size and forecast for the market from 2021 to 2030, segmented by customer vertical and by region. In addition, this research service identifies key growth opportunities, covers technology solutions and capabilities that will enable further market growth and spending on biometric solutions, and analyzes specific vertical market factors and influences that could affect how different customer verticals
seek to plan for, integrate, and update their biometric systems. This study analyzes how the global COVID-19 pandemic will also affect short-term spending in the market and how this period could lead to suppressed short-term demand, followed by a spike in growth as the pandemic’s broader effects recede.
The various growth opportunities discussed within this research service include how biometric solutions are seeking to offer more enhanced user experience through multiple modality options, more frictionless authentication and onboarding, and helping users maintain more control over their biometric data. Growth opportunities are related to accessibility for new biometric systems within developing regions and new customer verticals, more defined roles for authentication and verification procedures, and how new digital identity, self-sovereign identity, and decentralization can ensure that biometric data remains secure throughout all phases of a transaction.
Author: Danielle VanZandt
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Biometric Solutions Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Vertical Segmentation
Regional Segmentation
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Spending Forecast
Spending Forecast by Customer Vertical
Spending Forecast by Region
Spending Forecast Analysis
Biometric Industry Evolution—Initial Industry Growth Vectors
Biometric Industry Evolution—Expansion of Definitions and Use Cases
Biometric Industry Evolution—The Creation of Accuracy Testing Standards
Biometric Industry Evolution—The Creation of Accuracy Testing Standards (continued)
Biometric Industry Evolution—The Creation of Accuracy Testing Standards (continued)
Biometric Industry Evolution—National/State Privacy Regulations
Biometric Industry Evolution—New Threat Landscape
Biometric Industry Evolution—The COVID-19 Pandemic’s Impact
Competitive Environment
Growth Metrics
Spending Forecast
Spending Forecast by Region
Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Biometrics in Airports—Use Case Development
Consumer Needs
Growth Metrics
Spending Forecast
Spending Forecast by Region
Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Biometric Usage in Banking and Financial Services—Use Case Development
Consumer Needs
Growth Metrics
Spending Forecast
Spending Forecast by Region
Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Biometric Usage in Commercial Services—Use Case Development
Consumer Needs
Growth Metrics
Spending Forecast
Spending Forecast by Region
Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Biometric Usage in Law Enforcement—Use Case Development
Consumer Needs
Growth Metrics
Spending Forecast
Spending Forecast by Region
Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Biometric Usage in Retail—Use Case Development
Consumer Needs
Growth Metrics
Spending Forecast
Spending Forecast by Region
Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Biometric Use in Government—Use Case Development
Consumer Needs
Growth Opportunity 1: Active vs. Passive Liveness
Growth Opportunity 1: Active vs. Passive Liveness (continued)
Growth Opportunity 2: Self-sovereign Identity
Growth Opportunity 2: Self-sovereign Identity (continued)
Growth Opportunity 3: Decentralized Identity Solutions
Growth Opportunity 3: Decentralized Identity Solutions (continued)
Growth Opportunity 4: Defined Behavioral Biometrics Parameters
Growth Opportunity 4: Defined Behavioral Biometrics Parameters (continued)
Growth Opportunity 5: Multi-modal Biometrics for Verification and Authentication
Growth Opportunity 5: Multi-modal Biometrics for Verification and Authentication (continued)
Growth Opportunity 6: Continuous, Automated Authentication
Growth Opportunity 6: Continuous, Automated Authentication (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Related Research
Popular Topics
Industries | Aerospace, Defence and Security |
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No Index | No |
Is Prebook | No |
Podcast | No |
Predecessor | MEAE-01-00-00-00 |
WIP Number | K7EA-01-00-00-00 |