#Global #Biometrics #Market #Expected #Surpass
New York, USA, Oct. 03, 2022 (GLOBE NEWSWIRE) — Research Dive has published a new report on the global biometrics market. As per the report, the market is anticipated to garner $104,959.6 million and rise with a CAGR of 15.0% in the 2021-2028 timeframe. This all-inclusive report delivers a comprehensive overview of the current and future situation of the biometrics market by stating its main characteristics including growth drivers, growth opportunities, limitations, and developments in the forecast period. The report also offers all the required and vital market statistics to help new players obtain an insight into the status of the global market.
COVID-19 Impact on the Biometrics Market Growth
The outbreak of the COVID-19 pandemic in 2020 has had an optimistic impact on the growth of the biometrics market. During the pandemic, the government of several regions executed strict lockdowns and social distancing norms. Hence, the demand for contactless biometric solutions, mainly healthcare biometrics increased greatly. Several organizations started avoiding the use of fingerprint, palm print, hand-key scanners to avert physical contact, and thus prevent the spread of the virus. As a result, the demand for biometrics using iris scans and facial recognition technology increased during the pandemic. All these factors fueled the market growth during the crisis period.
Factors Impacting the Biometrics Market Growth
The growing integration of biometric systems with IoT the devices and rising adoption of e-passports are augmenting the growth of the global biometrics market. Additionally, growing technological developments in Electroencephalogram (EEG) and electrocardiogram (ECG) are estimated to unlock lucrative opportunities for the market’s growth…
Read on GNW: Global Biometrics Market Expected to Surpass $104,959.6
