Market Overview

Global Next Generation Biometrics Market 2018-2023: A $37.65 Billion Opportunity -


The "Global
Next Generation Biometrics Market - Segmented by Type of Solution,
End-user Industry, and Region - Growth, Trends, and Forecast (2018 -
report has been added to's

The global next generation biometrics market was valued at USD 9.61
billion in 2017, and is expected to reach a value of USD 37.65 billion
by 2023, at a CAGR of 17.61%, during the forecast period (2018-2023).

Key Highlights

  • High Degree of Security & Improvement in Confidentiality of Personal
    Information is Driving the Market
  • IRIS Recognition is One of the Fastest Growing Amongst the Type of
  • Banking Sector is the Fastest Growing Sector among others
  • In Terms of Geography, North America Holds the Majority Market Share,
    Followed by Europe

Key Developments

Gemalto announced the closing of the acquisition of 3M's Identity
Management Business after approval by the relevant regulatory and
antitrust authorities. This strategic acquisition rounds out Gemalto's
Government Programs offering by adding biometric technologies and more
secure document features and it ideally positions the Company to provide
solutions for the promising commercial biometrics market. The Identity
Management Business will be integrated into Gemalto Government Programs
business. In 2016, the acquired business generated USD 202 million in
revenue and an estimated USD 53 million in profit from operations.

With the acquisition of 3M's Identity Management Business, Gemalto makes
a strategic move by in-sourcing biometric technology. Combining market
access, technologies and expertise will enable Gemalto to further
accelerate the deployment of trusted national identities and to offer
strong end-to-end biometric authentication solutions throughout the
digital economy

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Technology Snapshot

6. Next Generation Biometrics Market Breakdown by Type of Solution

7. Next Generation Biometrics Market Breakdown by End-user Industry

8. Next Generation Biometrics Market Breakdown by Geography

9. Next Generation Biometrics Market - Company Profiles

10. Investment Analysis

11. Future Outlook of Next Generation Biometrics Market

  • 3M Cogent Inc.
  • Cross Match Technologies
  • Facebanx
  • Fingerprint Cards AB
  • Fujitsu Ltd.
  • Fulcrum Biometrics
  • RCG Holdings Limited
  • Safran SA
  • Siemens AG
  • Suprema Inc.
  • Thales Group
  • ValidSoft UK Ltd.

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