The Latin America, Middle East and Africa Next-Gen Biometric Authentication Market would witness market growth of 23.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Next-Gen Biometric Authentication Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,908.5 million by 2031. The Argentina market is registering a CAGR of 24.4% during (2024 - 2031). Additionally, The UAE market would witness a CAGR of 22.2% during (2024 - 2031).
NGBA is widely used for physical and logical access control. Organizations implement biometric systems to secure entry to buildings, restricted areas, and computer networks. This ensures that only authorized individuals gain access, enhancing overall security. Biometric time and attendance systems accurately track employee work hours, reducing time fraud and improving payroll accuracy. Fingerprint and facial recognition are commonly used to provide reliable and tamper-proof records.
Furthermore, biometric authentication is a powerful tool for preventing fraud in various sectors, including banking, e-commerce, and healthcare. By verifying the unique biological traits of users, biometric systems ensure that transactions and access requests are legitimate. In customer-centric industries, biometric authentication verifies customer identities during account creation, transactions, and service access. This enhances security and provides a personalized experience for customers. Biometric authentication aids law enforcement agencies in criminal identification and forensic investigations. Fingerprint, facial, and iris recognition technologies match suspects and identify individuals in criminal databases.
As Saudi Arabia continues its healthcare reforms and digital transformation, adopting biometric systems for hospital management, remote healthcare services, and patient authentication will enhance efficiency and security. Additionally, biometric systems can help mitigate fraud and ensure patient safety, making them integral to the country’s vision for a modern and secure healthcare infrastructure. Thus, the combined impact of these two sectors—rising tourism in the UAE and the booming healthcare industry in Saudi Arabia—creates a significant demand for next-generation biometric authentication technologies.
Free Valuable Insights: The Worldwide Next-Gen Biometric Authentication Market is Projected to reach USD 187.18 Billion by 2031, at a CAGR of 20.7%
Based on Component, the market is segmented into Software and Services. Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor Authentication. Based on Technology, the market is segmented into Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Palm Vein Recognition, Signature Recognition, and Other Technology. Based on End User, the market is segmented into Government, BFSI, Travel & Immigration, Home Security, Healthcare, Defense, and Other End Users. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Component
By Authentication Type
By Technology
By End User
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 