According to a market report by Lucintel, the future of the global biometric data encryption device market looks promising with opportunities in the banking & financial institution, healthcare facility, retail & e-commerce, telecommunication, public sector, and transportation markets. The global biometric data encryption device market is expected to grow with a CAGR of 12.2% from 2025 to 2031. The major drivers for this market are the increasing demand for data security, the rising adoption of biometric technologies, and the growing need for secure authentication.A more than 150-page report to understand trends, opportunity and forecast in biometric data encryption device market to 2031 by technology type (fingerprint recognition, facial recognition, voice recognition, retina & iris recognition, hand geometry recognition, and signature recognition), component (hardware, software, and services), application (financial services, healthcare, government & defense, consumer electronics, travel & immigration, and automotive), end use (banking & financial institutions, healthcare facilities, retail & E-commerce, telecommunications, public sector, and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the technology type category, fingerprint recognition is expected to witness the highest growth over the forecast period.
Within the end use category, banking & financial institutions are expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Nitgen, Suprema, Crossmatch, NEXT Biometrics, BioRugged, SecuGen, Integrated Biometrics, Lumidigm, Fujitsu Laboratories, Samsung Electronics are the major suppliers in the biometric data encryption device market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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