At 13.7% CAGR, Middle East & Africa Biometric Technologies Market is Projected to be Worth US$ 7,559.33 Million by 2030, says Business Market Insights

According to Business Market Insights' research, 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, registering a CAGR of 13.7% from 2022 to 2030. Increasing use of biometric systems at airports, expanding application range in government sector, and increasing crime rates are among the critical factors attributed to drive the Middle East & Africa biometric technologies market growth.

Airports around the world are actively exploring and implementing biometric solutions at various touchpoints, including check-in kiosks, security checkpoints, and boarding gates, which results into a continuous demand for new hardware and software systems. As airport administrations experience success with initial implementations, they are likely to expand the application of biometrics to other areas at airports, creating additional demand for technology and integrations. Moreover, facial recognition is becoming common in airport operations. For instance, in 2024, at one of the major country's airport, Saudi Arabia installed biometric e-gate scanners. The General Directorate of Passports introduced the first phase of e-Passport gates to expedite traveler processes at King Khalid International Airport at Riyadh's Terminal 3 and 4. Also, in 2023, in an effort to give travelers a quicker and more seamless experience getting to their gates, Abu Dhabi International Airport installed the newest biometric technology at its new Terminal A. Therefore, the increasing use of biometric technologies in airport presents a significant biometric technology market trend.

On the contrary, high capital requirements hampers the growth of Middle East & Africa biometric technologies market.

Based on component, the Middle East & Africa biometric technologies market is Segmented into hardware, software, and services. The hardware segment held 59.9% share of Middle East & Africa biometric technologies market share in 2022, amassing US$ 1.62 billion. It is projected to garner US$ 4.76 billion by 2030 to register 14.4% CAGR during 2022-2030.

In terms of type, the Middle East & Africa biometric technologies market is segmented into contact, contactless, and hybrid. The contact segment held 55.2% share of Middle East & Africa biometric technologies market in 2022, amassing US$ 1.49 billion. It is anticipated to garner US$ 3.98 billion by 2030 to expand at 13.0% CAGR during 2022-2030.

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 76.3% share of Middle East & Africa biometric technologies market in 2022, amassing US$ 2.06 billion. It is projected to garner US$ 5.57 billion by 2030 to expand at 13.2% CAGR from 2022 to 2030.

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 39.5% share of Middle East & Africa biometric technologies market in 2022, amassing US$ 1.07 billion. It is predicted to garner US$ 3.26 billion by 2030 to expand at 14.9% CAGR between 2022 and 2030.

Based on country, the Middle East & Africa biometric technologies market is categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East and Africa. Our regional analysis states that the UAE captured 33.3% share of Middle East & Africa biometric technologies market in 2022. It was assessed at US$ 0.90 billion in 2022 and is likely to hit US$ 2.62 billion by 2030, registering a CAGR of 14.3% during 2022-2030.

Key players operating in the Middle East & Africa biometric technologies market are Aware, Inc.; Thales SA; NEC Corp; IDEMIA France SAS; HID Global Corp; Fujitsu Ltd; Leidos Holdings, Inc.; and M2SYS Technology, among others.

• In March-2024, Cognitec Systems has joined the SALTO Group, a global leader in access control and ticketing solutions. The acquisition aims to strengthen research, development, and market reach for Cognitec's existing product portfolio while working on new technologies for expanding biometric markets.
  
  
• In January-2023, Cognitec has introduced a new version of its FaceVACS-Entry technology, which now allows for comparison of biometric photos against facial images from ID documents or databases. The device also includes presentation attack detection to ensure a live person interacts with it. The product includes Cognitec's ISO compliance software and a robust matching algorithm for fast verification and identification.

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