Japan Biometric-based Authentication Market was valued at USD 4.7 Billion in 2022 and is projected to reach USD 9.5 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
In the rapidly evolving landscape of security solutions, the Japan biometric-based authentication market has seen substantial growth, particularly in the realm of banking and financial services. Banks and financial institutions are increasingly adopting biometric technologies to enhance security and streamline customer authentication processes. Fingerprint recognition, facial recognition, and iris scanning are some of the popular biometric modalities employed to prevent fraud and unauthorized access. These technologies not only provide a higher level of security compared to traditional passwords and PINs but also offer a more convenient and user-friendly experience. The integration of biometric authentication in banking apps and ATMs is becoming a standard practice, driven by the need for robust security measures and customer demand for seamless transactions.
Another significant application of biometric authentication is in government and public sector services. This sector includes the use of biometric systems for identity verification in various public services, such as social security, immigration, and law enforcement. Government agencies are leveraging biometric technologies to improve accuracy in identity verification and reduce the risk of identity fraud. For instance, biometric passports and national ID cards are being issued to enhance border control and ensure that individuals are who they claim to be. These advancements in biometric authentication help streamline administrative processes and enhance security for both government personnel and citizens.
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Onfido
IDnow
Jumio
Veriff
ID.me
Thales
GBG Plc
Imageware
Verifai
BASIS ID
Persona
Ondato
AU10TIX
iDenfy
Shufti Pro
APLYiD
IDEMIA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Biometric-based Authentication Market
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other
Based on Types the Market is categorized into Below types that held the largest Biometric-based Authentication market share In 2023.
Software
Services
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan Biometric-based Authentication Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Biometric-based Authentication Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Biometric-based Authentication Market, By Type
6. Japan Biometric-based Authentication Market, By Application
7. Japan Biometric-based Authentication Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Biometric-based Authentication Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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