The article cited AMA's Global AI-enabled Biometrics Market Study explored substantial growth with CAGR of %. According the report, AI-enabled biometrics has the ability to flexibly respond to emerging fraudulent activities and it also reduces the cost of identity verification and authentication is one of the primary growth factors for the market. Increasing Adoption of AI-enabled Biometrics for Preventing Security Threat
is also expected to contribute significantly to the AI-enabled Biometrics market. Overall, applications of AI-enabled Biometrics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Thales Group (France), Safran (France), NEC (Japan), Fujitsu (Japan), M2SYS Technology, Inc. (United States), Assa Abloy AB (Sweden), Aware, Inc. (United States), FacePhi (Spain), IDEMIA (France) and Ayonix Corporation (Japan) may see astonishing sales in this Market and certainly improve revenue growth.
The Industry Vertical, such as Government, is boosting the AI-enabled Biometrics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Authentication, such as Fingerprint Recognition, is boosting the AI-enabled Biometrics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global AI-enabled Biometrics market identified that the demand is rising in many different parts of the world as "Technological advancement associated with AI-enabled Biometrics
".
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of AI-enabled Biometrics market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of AI-enabled Biometrics market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the AI-enabled Biometrics market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the AI-enabled Biometrics market and other related sub-markets covered in the study.
o Key & emerging players in the AI-enabled Biometrics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall AI-enabled Biometrics market size is calculated using market estimation process, the AI-enabled Biometrics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global AI-enabled Biometrics market size has been validated using both top-down and bottom-up approaches.