Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global AI-enabled Biometric Market Size is Expected to Grow from USD 23.9 Billion in 2023 to USD 51.8 Billion by 2033, at a CAGR of 8.04% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global AI-enabled Biometric Market Size, Share, and COVID-19 Impact Analysis, By Technology (Face Recognition, Fingerprint Recognition, Iris Recognition, Voice Recognition, and Others), By Application (Mobile Biometrics, Smart Devices, Biometric Access Control Systems, Identity Verification & Authentication, Security & Surveillance, and Others), By End-user (Healthcare, BFSI, Transportation & Logistics, Government & Law Enforcement, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
AI-enabled biometric market refers to the industry that uses artificial intelligence (AI) to improve the accuracy and efficiency of biometric systems. These systems analyze biometric data and perform tasks including matching, identification, verification, and registration using machine learning algorithms. Additionally, these systems can detect scams, adjust to changing environmental conditions, and give clients feedback. Advanced techniques including computer vision, deep learning, and natural language processing are used to process and analyze data in AI-enabled biometric. The growing need for sophisticated authentication solutions across multiple industries is driving growth in the market for AI-enabled biometrics. For businesses seeking more effective and safe authentication methods, fingerprint-based biometric technologies provide a strong alternative. The rising need for advanced authentication solutions in various sectors is driving the AI-enabled biometric market. On the contrary, the high-profile data breaches and malpractice cases owing to the need for strong security practices and privacy laws to defend biometric data are restraining the market growth.
The face recognition segment accounted for the largest share of the global AI-enabled biometric market in 2023.
Based on the technology, the global AI-enabled biometric market is divided into face recognition, fingerprint recognition, iris recognition, voice recognition, and others. Among these, the face recognition segment accounted for the largest share of the global AI-enabled biometric market in 2023. Face recognition technology is widely used in security and surveillance, banking, retail, and smartphones along with the use of AI and deep learning modules that improve the accuracy and reliability of facial recognition in challenging conditions like low lighting, different angles, and facial occlusions.
The mobile biometrics segment dominates the market with the largest market share during the projected timeframe.
Based on the application, the global AI-enabled biometric market is divided into mobile biometrics, smart devices, biometric access control systems, identity verification & authentication, security & surveillance, and others. Among these, the mobile biometrics segment dominates the market with the largest market share during the projected timeframe. With billions of smartphones on the market, mobile biometrics are a commonplace feature for mobile payments, app security, and user identification. The widespread use of mobile biometrics owing to its convenience in securing devices and confirming identities is driving the market.
The government & law enforcement segment accounted for the largest market share in 2023.
Based on the end-user, the global AI-enabled biometric market is divided into healthcare, BFSI, transportation & logistics, government & law enforcement, and others. Among these, the government & law enforcement segment accounted for the largest market share in 2023. Numerous nations use biometric-based national identification systems, driven by artificial intelligence. The widespread adoption of biometric technologies by the government for border control and large-scale surveillance programs is driving the market growth in the government & law enforcement segment.
North America is projected to hold the largest share of the global AI-enabled biometric market over the forecast period.
North America is projected to hold the largest share of the global AI-enabled biometric market over the forecast period. The presence of leading key market players and technological advancement in the region is responsible for driving the market. The investment in digital technologies for security and surveillance among law enforcement agencies, governments, and industries is contributing to driving the market for AI-enabled biometric.
Asia Pacific is predicted to grow at the fastest CAGR in the AI-enabled biometric market over the forecast period. The growing digitalization in the IT & telecom sectors in countries like China and India, driving the use of biometric systems, thereby propelling the market. Further, the increasing demand for AI-enabled biometric authentication solutions is propelling the market growth.
Company Profiling
Major key players in the AI-enabled biometric market include Aware Inc., NEC Corporation, Assa Abloy, Ayonix Pty Ltd., Facephi Biometria, IDEMIA, Leidos Holdings, Inc., Nuance Communications, Aurora, Cognitec, Idemia, Veridium, anyVision, and Others.
Key Target Audience
Recent Developments
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global AI-enabled biometric market based on the below-mentioned segments:
Global AI-enabled Biometric Market, By Technology
Global AI-enabled Biometric Market, By Application
Global AI-enabled Biometric Market, By End-user
Global AI-enabled Biometric Market, Regional Analysis
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