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Biometric Authentication Market Set to Hit USD 14.2 Billion by ...
2025-10-14 04:40:12
IT security
Technology

Biometric Authentication Market Set to Hit USD 14.2 Billion by 2031

The biometric authentication software market is poised for substantial growth, projected to reach USD 14.2 billion by 2031. This expansion, driven by a compound annual growth rate (CAGR) of 11% from 2025, reflects the increasing adoption of biometric technologies across various sectors.

Companies like Imprivata and RSA Security are leading this transformation, which emphasizes enhanced security and the elimination of password vulnerabilities. In parallel, the Palm Vein Recognition Access Control System market is also expected to experience significant growth, reaching USD 3.5 billion by 2031, as technological advancements continue to shape the landscape.

Concerns regarding privacy are emerging alongside these developments, as evidenced by the scrutiny faced by firms like Amazon over their biometric practices. Ultimately, the rise of biometric solutions and password management software signals a shift towards more secure, efficient authentication methods, fueled by innovation and strategic investments in the technology sector.

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The Street
16. Oktober 2025 um 05:45

Biometrics prompts praise and concerns as more companies adopt the science TheStreet Daily Newsletter

Biometrics is a rapidly growing field with various applications. Companies like JPMorgan Chase and Apple are adopting biometric technologies to enhance security and efficiency, using methods such as fingerprint recognition and facial analysis. Washington University's Pauline Kim notes that biometrics can also be used for disease prediction and medical condition analysis. Several states have enacted specific biometric privacy laws, including Illinois, Texas, and Washington. Amazon has faced cri..
openpr
13. Oktober 2025 um 17:30

Palm Vein Recognition Access Control System Sector on Track for USD 3.5 billion Valuation by Key Players:NEC Corporation, Fujitsu Limited, M2SYS Technology,

The Palm Vein Recognition Access Control System market is projected to reach USD 3.5 billion by 2031, driven by technological advancements and increasing demand for advanced biometric authentication solutions. Market Research Intellect forecasts strong growth potential throughout the forecast period, reaching USD 1.2 billion in 2024 with a CAGR of 15.5% from 2025 to 2031. Key players NEC Corporation, Fujitsu Limited, M2SYS Technology, IDEMIA, Crossmatch Technologies, Hewlett Packard Enterprise,..
openpr
13. Oktober 2025 um 18:42

Biometric Authentication Software Sector on Track for USD 14.2 billion Valuation by Key Players: Imprivata, RSA Security, Crossmatch,

This article discusses the projected growth of biometric authentication software market. The global Biometric Authentication Software market in the Information Technology and Telecom category is expected to reach USD 14.2 billion by 2031, growing at a CAGR of 11% from 2025 to 2031. Market Research Intellect provides insights into this market. The biometric authentication software market size & forecast suggests strong growth potential throughout the forecast period. Biometric solutions are being..
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