Biometric Technology Market Size is USD 11490 Million by 2026 at CAGR 11.0% | Valuates Reports
BANGALORE, India, Jan. 15, 2021 /PRNewswire/ -- The
Biometric Technology Market is Segmented by Type (Based on physical characteristics, Based on behavioral characteristics), by Application (Public sector, Banking & financial sector, Healthcare, IT & telecommunication), by Regions & Key players Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021-2026. This report is published on
Valuates Reports in the
Consumer Electronics Category.
The global Biometric Technology market size is projected to reach USD 11490 Million by 2026, from USD 6142.6 Million in 2020, at a CAGR of 11.0% during 2021-2026.
Major factors driving the growth of the Biometrics Technology Market size are the increasing use of biometrics in consumer electronic devices for authentication and identification purposes, the growing need for surveillance and security with the heightened threat of terrorist attacks, and the surging adoption of biometric technology in automotive applications.