Middle East & Africa Biometric Technologies Market
No. of Pages: 107 | Report Code: BMIRE00030669 | Category: Banking, Financial Services, and Insurance
No. of Pages: 107 | Report Code: BMIRE00030669 | Category: Banking, Financial Services, and Insurance
The Middle East & Africa biometric technologies market was valued at US$ 2,706.28 million in 2022 and is expected to reach US$ 7,559.33 million by 2030; it is estimated to register a CAGR of 13.7% from 2022 to 2030. Expanding Application Range in Government Sector Bolsters Middle East & Africa Biometric Technologies Market
Governments are using biometric technologies for various verifications, such as national ID systems, border control infrastructure, or welfare program verification, this is creating substantial demand for technology providers. The adoption of biometric technologies in government operations often sets standards for data formats and systems, leading to wider adoption in the industrial sector and economies of scale for manufacturers. Biometric technologies are being deployed in several government projects. Increased use of biometrics in government and commercial sectors bolsters the biometric technology market. T5-OmniMatch, a multimodal biometric system developed by TECH5 facilitates identification, verification, and authentication by face, fingerprint, and iris biometrics. TECH5's digital ID and biometric technologies are being used as a part of the National ID Program (NIDP) in Ethiopia for the issuance of foundational ID. NIDP Ethiopia and TECH5 collaborated in 2021 to integrate digital ID and biometric technology for the Ethiopian NIDP. TECH5 is now a global technology partner and supplier for the Ethiopian government entity's NIDP. TECH5 biometric matching platforms are being used for biometric identification, de-duplication, and enrollment based on face, fingerprint, and iris modalities. Similarly, in 2022, Ethiopia deployed a production system as part of its pre-launch phase to execute its first Foundational ID project using TECH5 technologies. NIDP Ethiopia makes it easy for the government to issue digital IDs and reduce the need for smart cards. Additionally, new IDs are distributed and used more easily, and authentication is available online and offline without the need for a costly hardware setup. Over 3 million Ethiopians have signed up to take part in the initiative currently. While increased applications in the government sector propel the demand for biometric technologies, the careful consideration of ethical, legal, and technical challenges is crucial for sustainable growth and public acceptance.Middle East & Africa Biometric Technologies Market Overview
The biometric technologies market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The demand for biometrics technologies at Airports in the Middle East is driving the market growth. For instance, in January 2023, airports in the Middle East, especially Dubai International Airport, adopted the Iris ID Systems iCAM D1000 product line, which is used for security checkpoints. iCAM D1000 is capable of capturing pictures of the set-up 0.5-1 meter away with a simple user interface, supporting airports by providing iris and face capture solutions that are compliant with high-quality standards. The biometric technologies market in North Africa is projected to grow soon due to the rising adoption of biometrics at luggage check-in, security check, and boarding facilities. Increasing government initiatives to encourage the adoption of biometric technologies further benefit the market in North Africa. In July 2023, the government of Ethiopia implemented the biometric digital ID program with plans to enroll all eligible adults in the system by 2025. The program is a one-stop shop where all the data about an individual, resident, or citizen is found, and the government ensures that the registrants are constantly aware of the purposes for which their data is being used. This also allows the government of Ethiopia to protect their data and enhances country's security from cyberattacks.
Middle East & Africa Biometric Technologies Market Revenue and Forecast to 2030 (US$ Billion)
Strategic insights for the Middle East & Africa Biometric Technologies provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Biometric Technologies refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Biometric Technologies Strategic Insights
Middle East & Africa Biometric Technologies Report Scope
Report Attribute
Details
Market size in 2022
US$ 2,706.28 Million
Market Size by 2030
US$ 7,559.33 Million
Global CAGR (2022 - 2030)
13.7%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Component
By Type
By End User
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Biometric Technologies Regional Insights
Middle East & Africa Biometric Technologies Market Segmentation
The Middle East & Africa biometric technologies market is categorized into component, type, authentication type, end user, and country.
Based on component, the Middle East & Africa biometric technologies market is segmented into hardware, software, and services. The hardware segment held the largest share of Middle East & Africa biometric technologies market share in 2022.
In terms of type, the Middle East & Africa biometric technologies market is segmented into contact, contactless, and hybrid. The contact segment held the largest share of Middle East & Africa biometric technologies market in 2022.
By authentication type, the Middle East & Africa biometric technologies market is bifurcated into single factor authentication and multi factor authentication. The single factor authentication segment held a larger share of Middle East & Africa biometric technologies market in 2022.
Based on end user, the Middle East & Africa biometric technologies market is categorized into government, BFSI, healthcare, defense & security, and others. The government segment held the largest share of Middle East & Africa biometric technologies market in 2022.
By country, the Middle East & Africa biometric technologies market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East and Africa. The UAE dominated the Middle East & Africa biometric technologies market share in 2022.
Aware, Inc.; Thales SA; NEC Corp; IDEMIA France SAS; HID Global Corp; Fujitsu Ltd; Leidos Holdings, Inc.; and M2SYS Technology are some of the leading companies operating in the Middle East & Africa biometric technologies market.
1. Aware, Inc.
2. Thales SA
3. NEC Corp
4. IDEMIA France SAS
5. HID Global Corp
6. Fujitsu Ltd
7. Leidos Holdings, Inc.
8. M2SYS Technology
The Middle East & Africa Biometric Technologies Market is valued at US$ 2,706.28 Million in 2022, it is projected to reach US$ 7,559.33 Million by 2030.
As per our report Middle East & Africa Biometric Technologies Market, the market size is valued at US$ 2,706.28 Million in 2022, projecting it to reach US$ 7,559.33 Million by 2030. This translates to a CAGR of approximately 13.7% during the forecast period.
The Middle East & Africa Biometric Technologies Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Biometric Technologies Market report:
The Middle East & Africa Biometric Technologies Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Biometric Technologies Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Biometric Technologies Market value chain can benefit from the information contained in a comprehensive market report.