Biometric Identity Solutions Market Insights Video
According to Cognitive Market Research, the global Biometric Identity Solutions market size was USD 27154.2 million in 2024. It will expand at the compound annual growth rate (CAGR) of 19.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 10861.68 million in 2024 and will rise at the compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8146.26 million.
Asia Pacific held a market share of around 23% of the global revenue with the market size of USD 6245.47 million in 2024 and will rise at the compound annual growth rate (CAGR) of 21.0% from 2024 to 2031.
Latin America had a market share of more than 5% of global revenue with a market size of USD 1357.71 million in 2024 and will rise at the compound annual growth rate (CAGR) of 18.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 543.08 million in 2024 and will rise at the compound annual growth rate (CAGR) of 18.7% from 2024 to 2031.
The fingerprint identification category is the fastest growing segment of the Biometric Identity Solutions industry
