Security News > 2020 > October > Biometric device revenues to drop 22%, expected to rebound in 2021

In the aftermath of the COVID-19 pandemic, global biometric device revenues are expected to drop 22%, to $6.6 billion, according to a report from ABI Research.

The entire biometrics market will regain momentum in 2021 and is expected to reach approximately $40 billion in total revenues by 2025.

"Governments had to delay or temporarily cancel many fingerprint-based applications related to user/citizen and patient registration, physical access control, on-premise workforce management, and certain applications in border control or civil, welfare, immigration, law enforcement, and correctional facilities."

"Second, commercial on-premise applications and access control suffered as the rise of the remote workers became the new norm for the first half of 2020. Lastly, hygiene concerns due to contact-based fingerprint technologies pummelled biometrics revenues forcing a sudden drop in fingerprint shipments worldwide."

Biometrics applications can now look toward new implementation horizons, with market leaders and pioneering companies like Gemalto, IDEMIA, NEC, FPC, HID Global, and Cognitec at the forefront of innovation.

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