El informe del estudio de mercado de Informes de Expertos titulado, ‘Mercado Latinoamericano de Biometría, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como tecnología, funcionalidad, autenticación, uso final y región. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.
The market study report by Informes de Expertos titled, ‘Latin America Biometrics Market 2023-2028’ , gives structured insights into the market, examining its diverse segments and key variables such as technology, functionality, authentication, end use and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Visión general del mercado (2018-2028)
• CAGR para el período de pronóstico (2023-2028): 12,30%
América Latina se encuentra entre una de las regiones de rápido crecimiento en el mundo, con Brasil, Argentina y México encabezando el mercado. El mercado de biométrica está mostrando un crecimiento sustancial. El creciente número de transacciones en línea y las preocupaciones aumentadas sobre actividades fraudulentas y delitos son los principales factores que están facilitando el crecimiento del mercado.
Además, el aumento del gasto público en seguridad por el gobierno para prevenir casos de delincuencias también está fomentando la industria biométrica en la región. Además, el uso cada vez mayor de estas tecnologías, particularmente en los programas de identificación nacional, licencia de conducir electrónica, pasaporte electrónico y visa, está impulsando el uso de esta tecnología y así promueve aún más el crecimiento del mercado.
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Industry Definition and Major Segments
A method of authentication technology used for identifying individuals and granting them secure access to devices or data is known as biometrics. It usually relies on scanning a person’s physical or biological features such as their fingerprints, facial structure, voice, DNA, vein pattern, iris, retina, and palm, which become almost impossible to replicate or forge. These systems provide a means of identification and reduce the risk of unauthorized access, due to which they are highly deployed at government organizations, corporate offices and banks.
Based on technology, the market segments into:
• Facial Recognition
• Hand Geometry
• Voice recognition
• Signature Recognition
• Iris recognition
• AFSI
• Non-AFSI
• Others
Based on functionality, the market has been segmented into:
• Contact
• Non-contact
• Combined
By component, the report covers:
• Hardware
• Software
Based on authentication, the report covers:
• Single-factor Authentication
• Multi-factor Authentication
The end uses of the technology are the following:
• Government
• Defense services
• Banking and finance
• Consumer electronics
• Healthcare
• Commercial safety and security
• Transportation/visa/logistics
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Others
Market Trends
Biometrics market has seen a considerable growth in the recent period. The Latin American biometrics market reached at a value of USD 4.12 billion in 2021. It is also expected that the market will grow at a CAGR of around 12.30% during 2023-2028. Certain characteristics of biometric technologies are further contributing to their wide usage, such as affordability and ease of use. Almost every organization these days is utilizing the technology for their employees and other personnel as this technology eliminates the need to carry identification cards or remember passwords etc.
Many banks have also adopted biometric technologies to protect their users from fraudulent activity while using online banking services or transacting on e-commerce websites through their mobile devices. These increasing applications of the technology are expected to flourish the market in the near future. Moreover, with rapid development, many smartphone manufacturers have integrated fingerprint readers into their devices to improve the overall user experience and attract more number of customers. These technological innovations will further aid the market tremendously.
Key Market Players
The major players in the market are:
• Accu-Time Systems, Inc.
• DERMALOG Identification Systems GmbH
• Fujitsu Limited
• HID Global
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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