Next Generation Biometrics Market Overview: Key Trends and Forecast 2023–2031
The global Next Generation Biometrics Market was valued at USD 37.3 billion in 2022 and is projected to reach USD 166.7 billion by 2031, expanding at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2031. This growth is fueled by increasing security concerns, evolving regulatory requirements, and the rapid integration of biometric technologies across smartphones, wearables, and smart infrastructure systems.
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