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Biometric Access Control Systems Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 144
  • SKU: IRTNTR74501
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The biometric access control systems market is projected to grow by USD 3.69 billion with a CAGR of 7.65% during the forecast period 2021 to 2026.

This biometric access control systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the biometric access control systems market segmentation by end-user (BFSI, government, healthcare sector, and transportation sector) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The biometric access control systems market report also offers information on several market vendors, including 3M Co., Abacus Infotech, Anviz Global Inc., Aratek Biometric, Aware Inc., Bayometric, BIO-key International Inc., CardLogix Corp., FACEPHI BIOMETRIA S.A., Fujitsu Ltd., HID Global Corp., Hitachi Ltd., Honeywell International Inc., IDEMIA, Incognia, Integrated Biometrics Inc., M2SYS Technology, Safran SA, Spectra Technovision Pvt. Ltd., Star Alliance, Suprema Inc., Tyco International PLC, UAB Identifikaciniai Projektai, Western Electric, and Zwipe AS among others.

What will the Biometric Access Control Systems Market Size be During the Forecast Period?

Biometric Access Control Systems Market Size

Download Report Sample to Unlock the Biometric Access Control Systems Market Size for the Forecast Period and Other Important Statistics

 

Biometric Access Control Systems Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the biometric access control systems market. During the COVID-19 pandemic, the biometric access control systems market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Biometric Access Control Systems Market Driver

The increasing need for surveillance and security is one of the key drivers fueling the biometric access control systems market's growth. The transportation sector deals with border safety, which requires a high level of security to prevent unauthorized intrusions. In the healthcare sector, which deals with bio-chemicals and lab research, data also needs to be protected against theft and cyber-attacks. Stronger security measures such as fingerprint recognition, face recognition, and iris recognition are, therefore, being deployed in the above-mentioned sectors. Such activities are set to increase the implementation of biometric surveillance and security systems to enhance security. Such factors are expected to drive the growth of the market during the forecast period.

Key Biometric Access Control Systems Market Trend

The increasing role of multimodal biometrics solutions is one of the key biometric access control systems market trends propelling market growth. Multimodal biometric solutions will soon be one of the key areas of importance for both buyers and vendors in the global biometric access control systems market, as a single biometric solution is not adequate to ensure authentication in different kinds of environments. Furthermore, the security level needed changes based on applications such as digital payments and healthcare data access. Therefore, multimodal biometrics solutions will contribute significantly to the market during the forecast period, fueled by factors such as the need for additional security layers and improved accessibility.

Key Biometric Access Control Systems Market Challenge

High installation and maintenance costs for biometric access control systems are one of the factors limiting the biometric access control systems market's growth. The usage of biometric access control systems has been growing at a significant pace among various end-users, such as BSFI and hospitals. However, installing and maintaining biometric access control systems are cost-intensive when compared to conventional authentication solutions, such as passwords and personal identification numbers. Furthermore, the initial investments incurred in setting up the infrastructure for deploying biometric access control systems are also considerably high. High installation and maintenance costs will pose challenges for small-scale end-users as they may not be able to afford biometric access control systems. These factors are expected to restrict the growth of the market during the forecast period.

This biometric access control systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global biometric access control systems market as a part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biometric access control systems market during the forecast period.

Who are the Major Biometric Access Control Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Abacus Infotech
  • Anviz Global Inc.
  • Aratek Biometric  
  • Aware Inc.
  • Bayometric
  • BIO-key International Inc.
  • CardLogix Corp.
  • FACEPHI BIOMETRIA S.A.
  • Fujitsu Ltd.
  • HID Global Corp.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • IDEMIA
  • Incognia
  • Integrated Biometrics Inc.
  • M2SYS Technology
  • Safran SA
  • Spectra Technovision Pvt. Ltd.
  • Star Alliance
  • Suprema Inc.
  • Tyco International PLC
  • UAB Identifikaciniai Projektai
  • Western Electric
  • Zwipe AS

 

This statistical study of the biometric access control systems market encompasses successful business strategies deployed by the key vendors. The biometric access control systems market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • anviz.com - The company offers biometric access control systems such as FacePass 7 Pro and FaceDeep 5.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The biometric access control systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Biometric Access Control Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the biometric access control systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Biometric Access Control Systems Market?

Biometric Access Control Systems Market Share by Geography

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37% of the market’s growth will originate from APAC during the forecast period. China is the key market for the biometric access control systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The modernization of the IT infrastructure across global enterprises will facilitate the biometric access control systems market's growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 in APAC negatively impacted the demand for biometric access control systems. However, after the initiation of vaccination programs, governments across APAC lifted the lockdown and travel restrictions, which resulted in the restoration of the supply chains and the resumption of normal operations in manufacturing units, including in biometric access control systems manufacturing units. Such factors are expected to propel the growth of the market in focus during the forecast period.

What are the Revenue-generating End-user Segments in the Biometric Access Control Systems Market?

Biometric Access Control Systems Market Share

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The biometric access control systems market share growth in the BFSI segment will be significant during the forecast period. For instance, in March 2020, Daon, a biometric identity technology provider, announced that it would deliver onboarding and mobile biometric authentication solutions to TONIK Digital Bank Inc. in Southeast Asia. Such initiatives are expected to drive the growth of the BFSI segment of the global biometric access control systems market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biometric access control systems market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Biometric Access Control Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.65%

Market growth 2022-2026

$3.69 billion

Market structure

Fragmented

YoY growth (%)

6.57

Regional analysis

North America, Europe, APAC, the Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, Canada, China, Germany, and Italy

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

3M Co., Abacus Infotech, Anviz Global Inc., Aratek Biometric, Aware Inc., Bayometric, BIO-key International Inc., CardLogix Corp., FACEPHI BIOMETRIA S.A., Fujitsu Ltd., HID Global Corp., Hitachi Ltd., Honeywell International Inc., IDEMIA, Incognia, Integrated Biometrics Inc., M2SYS Technology, Safran SA, Spectra Technovision Pvt. Ltd., Star Alliance, Suprema Inc., Tyco International PLC, UAB Identifikaciniai Projektai, Western Electric, and Zwipe AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Biometric Access Control Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive biometric access control systems market growth during the next five years
  • Precise estimation of the biometric access control systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the biometric access control systems industry across North America, Europe, APAC, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of biometric access control systems market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 BFSI - Market size and forecast 2021-2026
      • Exhibit 28: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on BFSI - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on BFSI - Year-over-year growth 2021-2026 (%)
    • 5.4 Government - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Government - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Government - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Government - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Government - Year-over-year growth 2021-2026 (%)
    • 5.5 Healthcare sector - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Healthcare sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Healthcare sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Healthcare sector - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Healthcare sector - Year-over-year growth 2021-2026 (%)
    • 5.6 Transportation sector - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Transportation sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Transportation sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Transportation sector - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Transportation sector - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Italy - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 3M Co.
              • Exhibit 97: 3M Co. - Overview
              • Exhibit 98: 3M Co. - Business segments
              • Exhibit 99: 3M Co. - Key news
              • Exhibit 100: 3M Co. - Key offerings
              • Exhibit 101: 3M Co. - Segment focus
            • 10.4 Anviz Global Inc.
              • Exhibit 102: Anviz Global Inc. - Overview
              • Exhibit 103: Anviz Global Inc. - Product / Service
              • Exhibit 104: Anviz Global Inc. - Key offerings
            • 10.5 Fujitsu Ltd.
              • Exhibit 105: Fujitsu Ltd. - Overview
              • Exhibit 106: Fujitsu Ltd. - Business segments
              • Exhibit 107: Fujitsu Ltd. - Key offerings
              • Exhibit 108: Fujitsu Ltd. - Segment focus
            • 10.6 HID Global Corp.
              • Exhibit 109: HID Global Corp. - Overview
              • Exhibit 110: HID Global Corp. - Product / Service
              • Exhibit 111: HID Global Corp. - Key offerings
            • 10.7 Hitachi Ltd.
              • Exhibit 112: Hitachi Ltd. - Overview
              • Exhibit 113: Hitachi Ltd. - Business segments
              • Exhibit 114: Hitachi Ltd. - Key news
              • Exhibit 115: Hitachi Ltd. - Key offerings
              • Exhibit 116: Hitachi Ltd. - Segment focus
            • 10.8 Honeywell International Inc.
              • Exhibit 117: Honeywell International Inc. - Overview
              • Exhibit 118: Honeywell International Inc. - Business segments
              • Exhibit 119: Honeywell International Inc. - Key news
              • Exhibit 120: Honeywell International Inc. - Key offerings
              • Exhibit 121: Honeywell International Inc. - Segment focus
            • 10.9 M2SYS Technology
              • Exhibit 122: M2SYS Technology - Overview
              • Exhibit 123: M2SYS Technology - Product / Service
              • Exhibit 124: M2SYS Technology - Key offerings
            • 10.10 Safran SA
              • Exhibit 125: Safran SA - Overview
              • Exhibit 126: Safran SA - Business segments
              • Exhibit 127: Safran SA - Key news
              • Exhibit 128: Safran SA - Key offerings
              • Exhibit 129: Safran SA - Segment focus
            • 10.11 Tyco International PLC
              • Exhibit 130: Tyco International PLC - Overview
              • Exhibit 131: Tyco International PLC - Product / Service
              • Exhibit 132: Tyco International PLC - Key offerings
            • 10.12 Western Electric
              • Exhibit 133: Western Electric - Overview
              • Exhibit 134: Western Electric - Product / Service
              • Exhibit 135: Western Electric - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 136: Inclusions checklist
                • Exhibit 137: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 138: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 139: Research methodology
                • Exhibit 140: Validation techniques employed for market sizing
                • Exhibit 141: Information sources
              • 11.5 List of abbreviations
                • Exhibit 142: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Biometric Access Control Systems market growth will increase by $3695.84 million during 2022-2026.
              The biometric access control systems market is expected to grow at a CAGR of 7.65% during 2022-2026.
              Technavio has segmented the biometric access control systems market by end-user (BFSI, government, healthcare sector, and transportation sector) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).
              3M Co., Abacus Infotech, Anviz Global Inc., Aratek Biometric  , Aware Inc., Bayometric, BIO key International Inc., CardLogix Corp., FACEPHI BIOMETRIA S.A., Fujitsu Ltd., HID Global Corp., Hitachi Ltd., Honeywell International Inc., IDEMIA, Incognia, Integrated Biometrics Inc., M2SYS Technology, Safran SA, Spectra Technovision Pvt. Ltd., Star Alliance, Suprema Inc., Tyco International PLC, UAB Identifikaciniai Projektai, Western Electric, Zwipe AS are a few of the key vendors in the biometric access control systems market.
              APAC will register the highest growth rate of 37.12% among the other regions. Therefore, the biometric access control systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the biometric access control systems market growth are:
              • Increasing need for surveillance and security
              • Increasing role of multimodal biometrics solutions
              The biometric access control systems market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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