The 4th Industrial Revolution and the security market are evolving hand in hand and it is not just about physical security but also about security using software as its main source. Biometric is one of them. There are countless factors which contribute to the advancement of the biometrics market, but the main factor would be the development of IoT and sensor technology. According to Statista Estimates, the global biometric market is to grow at a Compound Annual Growth Rate of 11.1%. The market size in 2019 was USD 24.5 billion and the estimated market size for both 2020 and 2022 are USD 27.1 billon and USD 32.5 billion.
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