The Global Biometric Technology Market Size Reach USD 127.32 Billion by 2030, Growing with 14.1% of CAGR – EIN News

The global biometric technology market is projected to reach USD 127.32 billion by 2030, with a compound annual growth rate (CAGR) of 14.1%. This growth is driven by the increasing adoption of biometric systems for security purposes across various industries. Biometric technology, which includes fingerprint recognition, facial recognition, iris recognition, and voice recognition, offers a secure and convenient way to verify identities. As concerns about security continue to rise, the demand for biometric solutions is expected to grow significantly in the coming years. This trend is expected to drive the market to reach new heights by the end of the next decade.