Market by Modality (Facial-Based Modality, Eye-Based Modality, Hand-Based Modality, Voice-Based Modality, Handwritten-Based Modality, Other Modalities) End-user (Healthcare & Life Sciences, Government, BFSI, Telecom & IT, Logistics, Retail & Ecommerce, Transport, Travel & Hospitality, Media & Entertainment, Other Industries) and Country Outlook | Forecast 2024-2032
Triton’s research report estimates that the Latin America biometrics in physical access control market is expected to garner revenue at a CAGR of 13.17% during the forecast years 2024-2032.
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The biometrics market for physical access control in Latin America is growing due to heightened security concerns, technological advancements, and increased government initiatives to bolster security infrastructure. Countries in the region are adopting biometric systems to address crime and enhance public safety, especially in urban areas with high crime rates. Some notable companies have established strong positions by offering reliable and advanced biometric solutions tailored to the specific requirements of this region. Hence, there is significant growth potential in sectors such as banking, healthcare, and border control, where biometric access control systems can greatly improve security and operational efficiency.
The countries studied in this region include:
Brazil captures the highest share in the biometrics
in physical access control market, obtaining about $28.79 million in 2023.
· As per an industry survey, seven out of ten banks in Brazil currently use face biometrics for client identification. Thus, from the financial sector to criminal use to football admissions, biometrics holds immense potential to verify user identity and prevent unforeseen frauds.
· In fact, the rise of mobile-based biometric authentication solutions and their integration with IoT devices present promising opportunities for market players to explore biometric access control mechanism.
· Thus, the growing adoption of
biometric solutions in sectors like banking, transportation, and retail is contributing
to fuel market expansion.
Biometrics In Physical Access Control Market Forecast for Mexico
As per industry sources, Mexico experienced the highest number of cyberattacks in 2023, totaling over 14 million incidents. The increasing adoption of emerging technologies like AI and IoT is compelling the country to enhance its cyber defenses. Furthermore, the growing digitalization of the country’s economy and society has heightened awareness of the risks linked to cybercrime. Such factors create a consistent demand for biometric solutions in order to streamline the identity verification process.
The biometrics in physical access control market is segmented based on end-user and modality. The end-user segment is further branched into BFSI, telecom & IT, healthcare & life sciences, government, transport, retail & e-commerce, logistics, real estate, travel & hospitality, media & entertainment, and other end-users. Major retail chains are deploying biometric access control systems in flagship stores to regulate access to VIP areas and employee-only zones, permitting entry only to authorized personnel with biometric clearance. Methods like palm vein recognition, facial recognition, and voice authentication are gaining traction for securing entry to retail stores, warehouses, and distribution centers.
Contender Analysis in the Biometrics In Physical Access Control Market:
Idemia Group is a provider of augmented identity solutions based in France. The company developed technologies and contactless services leveraging biometrics, AI, and cryptography in the fields of identity management and security of payments. It offers cyber security solutions, including video investigation solutions, biometric identification, contactless smart cards, face detection, and subscription management platforms. It operates in Latin America, North America, Europe, Asia-Pacific, and the Middle East and Africa and is headquartered in Courbevoie, France.
As per its press release in May 2024, the company obtained certification for its mIDReader and Verify SDK under the ISO 18013 Part 5 standard for Mobile Driving License applications. This certification marks a breakthrough in how identity verification is conducted.
The key entities in the reviewed market are Allegion Plc, Idemia Group, Axis Communications AB, Assa Abloy AB Group, NEC Corporation, Schneider Electric SE, Identiv Inc, Nedap NV, Avigilon Corporation, Thales Group, Honeywell International Inc, Bosch Security System Inc, Johnson Controls Inc, and Dormakaba Holding AG.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the biometrics in physical access control market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Latin America biometrics in physical access control market growth during the upcoming years
Market by Technology (Data ana ..
VIEW REPORT1. LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET
2.2. PARENT
MARKET ANALYSIS – BIOMETRICS
2.3. TECHNOLOGY
SNAPSHOT
2.3.1. COMPONENTS
OF BIOMETRIC ACCESS CONTROL SYSTEM
2.3.2. TYPES
OF BIOMETRIC ACCESS CONTROL SYSTEMS
2.3.3. TYPES
OF BIOMETRIC ACCESS CONTROL TECHNOLOGIES
2.3.4. HOW
BIOMETRIC SYSTEMS WORK
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTES
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. REGULATORY
FRAMEWORK
2.7. BIOMETRIC
SOLUTIONS—DECISION-MAKING FACTORS
2.8. DEPLOYMENT
CONSIDERATIONS FOR END-USER ORGANIZATIONS
2.9. EXPANSION
PROSPECTS
2.9.1. PARTNER
WITH HARDWARE, IT, AND NETWORK TECHNOLOGIES VENDORS TO EXPAND USER BASE
2.9.2. INTEGRATE
BIOMETRIC SOLUTIONS WITH CONVERSATIONAL AI TO SERVE CUSTOMERS BETTER
2.9.3. OFFER
MULTIMODAL BIOMETRICS FOR ENHANCED ACCURACY AND FLEXIBILITY
2.10. KEY
MARKET STRATEGIES
2.10.1. PRODUCT
LAUNCHES
2.10.2. COLLABORATIONS
2.10.3. BUSINESS
EXPANSIONS & DIVESTITURES
2.10.4. ACQUISITIONS
2.11. MARKET
DRIVERS
2.11.1. GROWING
CONCERNS ABOUT PHYSICAL SECURITY BREACHES AND UNAUTHORIZED ACCESS
2.11.2. STRICT
GOVERNMENT REGULATIONS REQUIRING BIOMETRIC SYSTEMS IN SENSITIVE AREAS
2.11.3. ONGOING
INNOVATION IN BIOMETRIC TECHNOLOGIES TO IMPROVE ACCURACY AND RELIABILITY
2.12. MARKET
CHALLENGES
2.12.1. INCREASING
CONCERNS ABOUT THE COLLECTION AND STORAGE OF BIOMETRIC DATA
2.12.2. HIGH
INITIAL SETUP COSTS AND INTEGRATION COMPLEXITIES FOR DEPLOYING BIOMETRIC
SYSTEMS
2.12.3. COMPATIBILITY
ISSUES BETWEEN DIFFERENT BIOMETRIC SYSTEMS AND EXISTING INFRASTRUCTURE
2.13. MARKET
OPPORTUNITIES
2.13.1. INTEGRATION
WITH IOT AND AI
2.13.2. RISE
OF MOBILE BIOMETRICS
2.13.3. EMERGENCE
OF MULTIMODAL BIOMETRICS
2.13.4. GROWTH
OF CLOUD-BASED SOLUTIONS
2.14. ANALYST
PERSPECTIVE
3. LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET - BY MODALITY
3.1. FACIAL-BASED
MODALITY
3.1.1. 3D
FACIAL BIOMETRIC RECOGNITION
3.1.2. 2D
FACIAL BIOMETRIC RECOGNITION
3.1.3. FACIAL
BIOMETRIC ANALYTICS
3.2. EYE-BASED
MODALITY
3.2.1. IRIS
BIOMETRIC RECOGNITION
3.2.2. RETINA
BIOMETRIC RECOGNITION
3.3. HAND-BASED
MODALITY
3.3.1. FINGERPRINT
BIOMETRIC RECOGNITION
3.3.2. VEIN
BIOMETRIC RECOGNITION
3.3.3. PALM-PRINT
BIOMETRIC RECOGNITION
3.4. VOICE-BASED
MODALITY
3.4.1. ACTIVE
VOICE BIOMETRIC RECOGNITION
3.4.2. PASSIVE
VOICE BIOMETRIC RECOGNITION
3.5. HANDWRITTEN-BASED
MODALITY
3.6. OTHER
MODALITIES
4. LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET - BY END-USER
4.1. BFSI
4.2. GOVERNMENT
4.3. HEALTHCARE
& LIFE SCIENCES
4.4. TELECOM
& IT
4.5. RETAIL
& E-COMMERCE
4.6. TRANSPORT
4.7. LOGISTICS
4.8. MEDIA
& ENTERTAINMENT
4.9. TRAVEL
& HOSPITALITY
4.10. OTHER
END-USERS
5. LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET – BY COUNTRY OUTLOOK
5.1. LATIN
AMERICA
5.1.1. LATIN
AMERICA MARKET BY MODALITY
5.1.1.1. LATIN
AMERICA MARKET BY FACIAL-BASED MODALITY
5.1.1.2. LATIN
AMERICA MARKET BY EYE-BASED MODALITY
5.1.1.3. LATIN
AMERICA MARKET BY HAND-BASED MODALITY
5.1.1.4. LATIN
AMERICA MARKET BY VOICE-BASED MODALITY
5.1.2. LATIN
AMERICA MARKET BY END-USER
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. BRAZIL
5.1.3.1.1. BRAZIL
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET FORECAST AND PROSPECTS
5.1.3.2. MEXICO
5.1.3.2.1. MEXICO
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET FORECAST AND PROSPECTS
5.1.3.3. REST
OF LATIN AMERICA
5.1.3.3.1. REST
OF LATIN AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET FORECAST AND
PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. THALES
GROUP
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. STRENGTHS
6.1.4. CHALLENGE
6.2. BOSCH
SECURITY SYSTEM INC
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. STRENGTHS
6.2.4. CHALLENGE
6.3. HONEYWELL
INTERNATIONAL INC
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. STRENGTHS
6.3.4. CHALLENGES
6.4. JOHNSON
CONTROLS INC
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. STRENGTHS
6.4.4. CHALLENGE
6.5. ALLEGION
PLC
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. STRENGTHS
6.5.4. CHALLENGE
6.6. NEC
CORPORATION
6.6.1. OVERVIEW
6.6.2. PORTFOLIO
6.6.3. STRENGTHS
6.6.4. CHALLENGE
6.7. IDEMIA
GROUP
6.7.1. OVERVIEW
6.7.2. PORTFOLIO
6.7.3. STRENGTHS
6.7.4. CHALLENGE
6.8. AXIS
COMMUNICATIONS AB
6.8.1. OVERVIEW
6.8.2. PORTFOLIO
6.8.3. STRENGTHS
6.8.4. CHALLENGE
6.9. AVIGILON
CORPORATION
6.9.1. OVERVIEW
6.9.2. PORTFOLIO
6.10. ASSA
ABLOY AB GROUP
6.10.1. OVERVIEW
6.10.2. PRODUCT
PORTFOLIO
6.10.3. STRENGTHS
6.10.4. CHALLENGE
6.11. SCHNEIDER
ELECTRIC SE
6.11.1. OVERVIEW
6.11.2. PRODUCT
PORTFOLIO
6.11.3. STRENGTHS
6.11.4. CHALLENGE
6.12. IDENTIV
INC
6.12.1. OVERVIEW
6.12.2. PRODUCT
PORTFOLIO
6.12.3. STRENGTHS
6.12.4. CHALLENGE
6.13. NEDAP
NV
6.13.1. OVERVIEW
6.13.2. PRODUCT
PORTFOLIO
6.13.3. STRENGTHS
6.13.4. CHALLENGES
6.14. DORMAKABA
HOLDING AG
6.14.1. OVERVIEW
6.14.2. PRODUCT
PORTFOLIO
6.14.3. STRENGTHS
6.14.4. CHALLENGE
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN
$ MILLION)
TABLE 2: LIST OF
PRODUCT LAUNCHES IN LATIN AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET
TABLE 3: LIST OF
COLLABORATIONS IN LATIN AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET
TABLE 4: LIST OF
BUSINESS EXPANSIONS & DIVESTITURES IN LATIN AMERICA BIOMETRICS IN PHYSICAL
ACCESS CONTROL MARKET
TABLE 5: LIST OF
ACQUISITIONS IN LATIN AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET
TABLE 6: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY MODALITY, 2024-2032 (IN $
MILLION)
TABLE 7: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY FACIAL-BASED MODALITY,
2024-2032 (IN $ MILLION)
TABLE 8: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY EYE-BASED MODALITY, 2024-2032
(IN $ MILLION)
TABLE 9: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY HAND-BASED MODALITY, 2024-2032
(IN $ MILLION)
TABLE 10: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY VOICE-BASED MODALITY,
2024-2032 (IN $ MILLION)
TABLE 11: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY END-USER, 2024-2032 (IN $
MILLION)
TABLE 12: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN
$ MILLION)
FIGURE 1: DATA WORKFLOW
– BIOMETRIC IN PHYSICAL ACCESS CONTROL
FIGURE 2: MARKET
MATURITY ANALYSIS
FIGURE 3: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY MODALITY, 2023 & 2032 (IN
%)
FIGURE 4: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY FACIAL-BASED MODALITY,
2024-2032 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY FACIAL-BASED MODALITY, 2023
& 2032 (IN %)
FIGURE 6: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY 3D FACIAL BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY 2D FACIAL BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY FACIAL BIOMETRIC ANALYTICS,
2024-2032 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY EYE-BASED MODALITY, 2024-2032
(IN $ MILLION)
FIGURE 10: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY EYE-BASED MODLAITY,
2023 & 2032 (IN %)
FIGURE 11: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY IRIS BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY RETINA BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY HAND-BASED MODALITY,
2024-2032 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY HAND-BASED MODALITY,
2023 & 2032 (IN %)
FIGURE 15: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY FINGERPRINT BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY VEIN BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 17: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY PALM-PRINT BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 18: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY VOICE-BASED MODLAITY,
2024-2032 (IN $ MILLION)
FIGURE 19: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY VOICE-BASED MODALITY,
2023 & 2032 (IN %)
FIGURE 20: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY ACTIVE VOICE BIOMETRIC
RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 21: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY PASSIVE VOICE
BIOMETRIC RECOGNITION, 2024-2032 (IN $ MILLION)
FIGURE 22: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY HANDWRITTEN-BASED
MODALITY, 2024-2032 (IN $ MILLION)
FIGURE 23: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY OTHER MODALITIES,
2024-2032 (IN $ MILLION)
FIGURE 24: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY END-USER, 2023 &
2032 (IN %)
FIGURE 25: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY BFSI, 2024-2032 (IN $
MILLION)
FIGURE 26: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY GOVERNMENT, 2024-2032
(IN $ MILLION)
FIGURE 27: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY HEALTHCARE & LIFE
SCIENCES, 2024-2032 (IN $ MILLION)
FIGURE 28: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY TELECOM & IT,
2024-2032 (IN $ MILLION)
FIGURE 29: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY RETAIL &
E-COMMERCE, 2024-2032 (IN $ MILLION)
FIGURE 30: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY TRANSPORT, 2024-2032
(IN $ MILLION)
FIGURE 31: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY LOGISTICS, 2024-2032
(IN $ MILLION)
FIGURE 32: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY MEDIA &
ENTERTAINMENT, 2024-2032 (IN $ MILLION)
FIGURE 33: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY TRAVEL &
HOSPITALITY, 2024-2032 (IN $ MILLION)
FIGURE 34: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY OTHER END-USERS,
2024-2032 (IN $ MILLION)
FIGURE 35: LATIN
AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET, BY COUNTRY OUTLOOK, 2023
& 2032 (IN %)
FIGURE 36: BRAZIL
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET 2024-2032 (IN $ MILLION)
FIGURE 37: MEXICO
BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET 2024-2032 (IN $ MILLION)
FIGURE 38: REST OF
LATIN AMERICA BIOMETRICS IN PHYSICAL ACCESS CONTROL MARKET 2024-2032 (IN $
MILLION)