Security News > 2021 > June > Biometrics for banking and financial services market to reach $8.9 billion by 2026

Amid the COVID-19 crisis, the global market for biometrics for banking and financial services estimated at $4.4 billion in the year 2020, is projected to reach a revised size of $8.9 billion by 2026, growing at a CAGR of 12.8% over the analysis period, according to Global Industry Analysts.

This segment currently accounts for a 22.8% share of the global biometrics for banking and financial services market.

Biometrics for banking and financial services market by region.

The biometrics for banking and financial services market in the U.S. is estimated at $1 billion in the year 2021.

Face biometrics segment to reach $1.9 billion by 2026.

Global market for face biometrics is estimated at $996.6 Million in 2020, and is projected to reach $1.9 billion by 2026 reflecting a compounded annual growth rate of 11.6% over the analysis period.

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