Biometric Access Control Systems Market to grow by USD 3.69 Bn by 2026, Increasing Need For Surveillance And Security to Boost Market Growth - Technavio

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- The Biometric Access Control Systems Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the biometric access control systems market between 2021 and 2026 is USD 3.69 billion with an accelerating CAGR of 7.65%. 37% of the growth originates from APAC. Buy Sample Report.

Biometric Access Control Systems Market: Driver Analysis

One of the primary factors propelling the growth of the biometric access control systems market is the rising demand for security and surveillance. In order to avoid unwanted breaches, border safety is a concern for the transportation sector. Data must be secured from theft and cyberattacks in the healthcare industry, which works with biochemicals and lab research. Therefore, more advanced security measures are being implemented in the industries. Examples include fingerprint, face, and iris recognition. Such initiatives are expected to boost the use of biometric security and monitoring technologies to improve security. Request Free Sample Report.

Biometric Access Control Systems Market: Challenge Analysis

One of the things preventing the biometric access control systems market from expanding is the high cost of installation and maintenance. BSFI and hospitals are just two end-users whose use of biometric access control systems has been expanding quickly. However, installing and maintaining biometric access control systems is expensive compared to more traditional forms of authentication like passwords and PINs.

Additionally, significant upfront costs are associated with building the infrastructure necessary to install biometric access control systems. Small-scale end users will face difficulties since they might not be able to afford biometric access control systems due to high installation and maintenance expenses. These elements are anticipated to limit market expansion throughout the foreseeable future. Download Free Sample Report.

Biometric Access Control Systems Market: Vendor Insights 

Global medical education is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including 3M Co., Abacus Infotech, Anviz Global Inc., Aratek Biometric, Aware Inc., Bayometric, BIO-key International Inc., CardLogix Corp., FACEPHI BIOMETRIA S.A., Fujitsu Ltd., HID Global Corp., Hitachi Ltd., Integrated Biometrics Inc., M2SYS Technology, Safran SA, Spectra Technovision Pvt. Ltd., Western Electric, and Zwipe AS among others.

Major Vendors with their Key Offerings

• 3M Co.: The company offers biometric access control systems such as miY touch.
• Anviz Global Inc.: The company offers biometric access control systems such as face pass 7 pro and face deep 5.
• Fujitsu Ltd.: The company offers biometric access control systems such as palm secure.
• HID Global Corp.: The company offers biometric access control systems such as hid signo readers and iclass SE readers.
• Honeywell International Inc.: The company offers a biometric access control system through the Idemia brand.

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 BFSI - Market size and forecast 2021-2026
• Exhibit 28: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on BFSI - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on BFSI - Year-over-year growth 2021-2026 (%)

• 5.4 Government - Market size and forecast 2021-2026
• Exhibit 32: Chart on Government - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Government - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Government - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Government - Year-over-year growth 2021-2026 (%)

• 5.5 Healthcare sector - Market size and forecast 2021-2026
• Exhibit 36: Chart on Healthcare sector - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Healthcare sector - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Healthcare sector - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Healthcare sector - Year-over-year growth 2021-2026 (%)

• 5.6 Transportation sector - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Transportation sector - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Transportation sector - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Transportation sector - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Transportation sector - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by End-user 
• Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Italy - Market size and forecast 2021-2026
• Exhibit 82: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 3M Co. 
• Exhibit 97: 3M Co. - Overview
• Exhibit 98: 3M Co. - Business segments
• Exhibit 99: 3M Co. - Key news
• Exhibit 100: 3M Co. - Key offerings
• Exhibit 101: 3M Co. - Segment focus

• 10.4 Anviz Global Inc. 
• Exhibit 102: Anviz Global Inc. - Overview
• Exhibit 103: Anviz Global Inc. - Product / Service
• Exhibit 104: Anviz Global Inc. - Key offerings

• 10.5 Fujitsu Ltd. 
• Exhibit 105: Fujitsu Ltd. - Overview
• Exhibit 106: Fujitsu Ltd. - Business segments
• Exhibit 107: Fujitsu Ltd. - Key offerings
• Exhibit 108: Fujitsu Ltd. - Segment focus

• 10.6 HID Global Corp. 
• Exhibit 109: HID Global Corp. - Overview
• Exhibit 110: HID Global Corp. - Product / Service
• Exhibit 111: HID Global Corp. - Key offerings

• 10.7 Hitachi Ltd. 
• Exhibit 112: Hitachi Ltd. - Overview
• Exhibit 113: Hitachi Ltd. - Business segments
• Exhibit 114: Hitachi Ltd. - Key news
• Exhibit 115: Hitachi Ltd. - Key offerings
• Exhibit 116: Hitachi Ltd. - Segment focus

• 10.8 Honeywell International Inc. 
• Exhibit 117: Honeywell International Inc. - Overview
• Exhibit 118: Honeywell International Inc. - Business segments
• Exhibit 119: Honeywell International Inc. - Key news
• Exhibit 120: Honeywell International Inc. - Key offerings
• Exhibit 121: Honeywell International Inc. - Segment focus

• 10.9 M2SYS Technology 
• Exhibit 122: M2SYS Technology - Overview
• Exhibit 123: M2SYS Technology - Product / Service
• Exhibit 124: M2SYS Technology - Key offerings

• 10.10 Safran SA 
• Exhibit 125: Safran SA - Overview
• Exhibit 126: Safran SA - Business segments
• Exhibit 127: Safran SA - Key news
• Exhibit 128: Safran SA - Key offerings
• Exhibit 129: Safran SA - Segment focus

• 10.11 Tyco International PLC 
• Exhibit 130: Tyco International PLC - Overview
• Exhibit 131: Tyco International PLC - Product / Service
• Exhibit 132: Tyco International PLC - Key offerings

• 10.12 Western Electric 
• Exhibit 133: Western Electric - Overview
• Exhibit 134: Western Electric - Product / Service
• Exhibit 135: Western Electric - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations 
• Exhibit 142: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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