Global AI-Enabled Biometric Market size was valued at USD 13.3 Billion in 2024 and is expected to reach USD 53.8 Billion by 2033, at a CAGR of 15.4% during the forecast period 2024 – 2033.
AI-Enabled Biometric Market: Overview
To improve accuracy and safety, artificial intelligence is combined with biometric authentication methods including speech recognition, fingerprint scanning, and recognition of facial features is known as AI-enabled authentication. These systems can evaluate and validate unique features by utilizing AI algorithms. This allows them to provide sophisticated identity verification for a range of applications, from safe payments to access control.
The growing integration of biometric authentication into several applications and industries is a global trend in AI-enabled biometrics. Biometric systems are gaining popularity in sectors including healthcare, banking, travel, and retail as a result of advances in artificial intelligence that make them more precise, safe, and easy to use.
There is an increasing focus on multimodal biometric devices, which integrate many biometric modalities including voice recognition, iris scanning, face recognition, and fingerprints to improve the accuracy and dependability of identification.
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Additionally, wearable technology and smartphones have facilitated the development of mobile biometrics, which has made easy and safe authentication techniques available for routine operations like purchasing goods online and mobile banking.
The spectrum of biometric applications is further expanded by integrating biometric technology with cutting-edge computing and Internet of Things (IoT) devices, which makes user authentication safe and easy.
By technology, the face recognition segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The growing use of machine learning algorithms in face recognition constitutes a trend that is allowing better and more reliable facial identification across a range of applications, spanning security to tailored user experiences.
By application, the mobile biometrics and smart devices segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. To improve safety and customer service, biometric authentication technologies like fingerprint and face recognition are increasingly being integrated into mobile biometrics and smart devices.
CMI has comprehensively analyzed the Global AI-Enabled Biometric market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global AI-Enabled Biometric industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the AI-Enabled Biometric Market:
- NEC Corporation
- Gemalto
- IDEMIA
- Aware Inc.
- FaceFirst Inc.
- Cognitec Systems GmbH
- BIO-key International Inc.
- Fujitsu Limited
- Nuance Communications Inc.
- Leidos Holdings Inc.
- Precise Biometrics AB
- HID Global Corporation
- Morpho
- Thales Group
- Veridium Ltd.
- Crossmatch
- Fingerprint Cards AB
- IDEX Biometrics ASA
- M2SYS Technology
- Biocryptology
- Others
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