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Biometrics Market | Government Initiatives for Implementing Biometrics to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Biometrics Market 2020-2024 (Graphic: Business Wire)
The increasing government initiatives for implementing biometrics is one of the key factors expected to drive the market s growth. The rising focus of governments on offering cost-effective, efficient, and safe services to their citizens is encouraging the adoption of biometrics, particularly, in emerging economies. Nationwide identification systems, including the e-passport and identity card programs are being planned to be implemented in several countries including Germany, Colombia, Spain, Italy, Belgium, and Argentina. The deployment of biometrics is being made mandatory in several advanced economies as well. For instance, the Singapore government announced plans for conducting trials of a National Digital Identity Facial Biometric System in November 2018. The use of such biometric solutions would enable banks and healthcare facilities for the identi ....

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Technavio Research: Biometrics Market | Government Initiatives for Implementing Biometrics to Boost the Market Growth

Technavio Research: Biometrics Market | Government Initiatives for Implementing Biometrics to Boost the Market Growth | Technavio
The global biometrics market size is poised to grow by USD 18.10 billion during 2020-2024, progressing at a CAGR of almost 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic.
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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005809/en/ ....

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