Latin America Biometrics Market by Product Type, Distribution Channel, End User 2024-2032
                     Latin America 
Biometrics Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
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achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  to  the  la tes t  repor t  by  IMARC Group,  t i t l ed  "Lat in  America 
Biometr ics  Market :  Industry  Trends,  Share ,  S ize ,  Growth,  Opportuni ty  
and Forecast  2024-2032,"  the  Lat in  Amer ica  b iomet r ics  market  s ize  
reached US$ 3 ,712 .5  Mi l l i on  in  2023.
Report Biomet r ics  a re  used to  recognize ,  au thent ica te ,  and iden t i f y  ind iv idua ls  
based  on the i r  behav io ra l  o r  phys ica l  charac te r is t i cs .  They  are  secure ,  fas t ,  
Highlight and accurate ,  and re l iab le  as  compared  to  t rad i t iona l  secur i t y  sys tems.  
B iomet r ics  ident i f ie rs  can be ca tegor ized  in to  two  categor ies ,  inc lud ing  
phys io log ica l  and  behav io ra l  charac ter is t i cs .  
Description Phys io log ica l  characte r is t i cs  inc lude  pa lm ve ins ,  f ingerpr in ts ,  pa lm pr in ts ,  
face ,  DNA,  i r i s  re t ina,  and hand geomet ry .  On the  o ther  hand,  behav io ra l  
characte r is t ics  inc lude vo ice ,  t yp ing pat te rns ,  and  s igna ture  recogn i t ion .
Request  for  a  PDF sample of  th is  report :  
ht tps : / /www. imarcgroup.com/ la t in -amer ica-b iomet r ics-market / requestsample
Report Description
L a t i n  A m e r i c a  B i o m e t r i c s  M a r k e t  T r e n d s :
O n e  o f  t h e  p r i m a r y  f a c t o r s  d r i v i n g  t h e  m a r k e t  i s  t h e  e x t e n s i v e  e m p l o y m e n t  o f  b i o m e t r i c s  i n  g o v e r n m e n t a l  a n d  p r i v a t e  o r g a n i z a t i o n s ,  a n d  
i n s t i t u t i o n a l  s e t u p s  f o r  d o o r  a c c e s s ,  m a r k i n g  a t t e n d a n c e ,  a n d  e m p l o y e e  i d e n t i f i c a t i o n .  A d d i t i o n a l l y ,  b i o m e t r i c s  a r e  e a s y  t o  u s e  a n d  
i m p l e m e n t ,  a n d  p r o v i d e  a n  e c o n o m i c a l  s o l u t i o n  f o r  e n s u r i n g  a s s u r a n c e  a n d  h i g h - e n d  s e c u r i t y ,  t h e r e b y  c r e a t i n g  a  p o s i t i v e  m a r k e t  o u t l o o k .  
O t h e r  t h a n  t h i s ,  t h e y  a r e  a l s o  i n s t a l l e d  i n  h i g h - s e c u r i t y  a r e a s  t o  s e c u r e  t h e  f a c i l i t y  a n d  m i n i m i z e  t h e  r i s k  o f  i n t r u s i o n  b y  i d e n t i f y i n g  
u n k n o w n  i n d i v i d u a l s  t h r o u g h  a u t o m a t e d  b i o m e t r i c s  r e c o g n i t i o n ,  w h i c h  i s  p o s i t i v e l y  i n f l u e n c i n g  t h e  m a r k e t  g r o w t h .  B e s i d e s  t h i s ,  v a r i o u s  
c o m p a n i e s  a r e  e n t e r i n g  i n t o  p a r t n e r s h i p s  t o  e x p a n d  t h e i r  c o n s u m e r  b a s e  g l o b a l l y .  I n  l i n e  w i t h  t h i s ,  t h e  l a u n c h  o f  m u l t i m o d a l  b i o m e t r i c s  
t h a t  u t i l i z e s  m u l t i p l e  b e h a v i o r a l  o r  p h y s i o l o g i c a l  c h a r a c t e r i s t i c s  f o r  a u t h e n t i c a t i o n  i s  e n h a n c i n g  r e c o g n i t i o n  a n d  s e c u r i t y  p e r f o r m a n c e .  
F u r t h e r m o r e ,  t h e  s u d d e n  o u t b r e a k  o f  t h e  c o r o n a v i r u s  d i s e a s e  ( C O V I D - 1 9 )  h a s  l e d  t o  t h e  r i s i n g  a d o p t i o n  o f  c o n t a c t l e s s  b i o m e t r i c s  s y s t e m s  
t h a t  a n a l y z e  g a i t ,  v o i c e  a n d  f a c e  r e c o g n i t i o n  f o r  i d e n t i t y  a u t h e n t i c a t i o n .  A p a r t  f r o m  t h i s ,  t h e  u t i l i z a t i o n  o f  b i o m e t r i c s  h a s  s i g n i f i c a n t l y  
i n c r e a s e d  i n  h o t e l s ,  r e s t a u r a n t s ,  a n d  c a f e s  f o r  e n a b l i n g  u s e r s  t o  r e g i s t e r  w i t h o u t  a n  I D ,  c o n s e q u e n t l y  b o o s t i n g  p r o d u c t  d e m a n d .  O t h e r  
g r o w t h - i n d u c i n g  f a c t o r s  i n c l u d e  t h e  g r o w i n g  d e m a n d  f o r  s e c u r e ,  a c c u r a t e ,  a n d  r e m o t e  a c c e s s  t o  m e d i c a l  r e c o r d s  a n d  t r e a t m e n t  p l a n s  a n d  
t h e  r i s i n g  s e c u r i t y  c o n c e r n s  d u e  t o  t h e  i n c r e a s i n g  p r e v a l e n c e  o f  c y b e r c r i m e s  i n  L a t i n  A m e r i c a .
L o o k in g  f o r w a r d ,  IM A R C  G r o u p  e x p e c t s  t h e  m a r k e t  v a l u e  t o  r e a c h  U S $  1 3 ,6 5 4 .3  M i l l i o n  b y  2 0 3 2 ,  e x p a n d i n g  a t  a  C A G R  o f  
1 5 . 1 %  d u r i n g  t h e  f o r e c a s t  p e r i o d  ( 2 0 2 4 - 2 0 3 2 ) .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / l a t in - a m e r ic a - b i o m e t r i c s - m a r k e t
Breakup by Technology:
• Face Recognit ion
• Hand Geometry
• Voice Recognit ion
• Signature Recognit ion
• I r is  recognit ion
Report • AFIS
• Non-AFIS
Segmentation • Others
Breakup by Functionality:
• Contact
• Non-contact
• Combined
Breakup by Component:
• Hardware
• Software
Breakup by Authentication:
• Single-Factor Authenticat ion
Report • Multi factor Authentication
Segmentation
Breakup by End User:
• Government
• Defense Services
• Banking and Finance
• Consumer Electronics
• Healthcare
• Commercial  Safety and Security
• Transport/Visa/Logist ics
• Others
Breakup by Country:
Report • Brazi l
• Mexico
Segmentation • Argentina
• Colombia
• Chi le
• Peru
• Others
What was the size of the Latin America biometrics 
market in 2023?
What is the expected growth rate of the Latin 
America biometrics market during 2024-2032?
Key 
Questions What are the key factors driving the Latin America biometrics market?
Answered in 
What has been the impact of COVID-19 on the Latin 
the Report America biometrics market?
What is the breakup of the Latin America 
biometrics market based on the technology?
What is the breakup of the Latin America 
biometrics market based on the functionality?
What is the breakup of the Latin America 
biometrics market based on the component?
What is the breakup of the Latin America 
biometrics market based on the authentication?
Key 
What is the breakup of the Latin America 
Questions biometrics market based on the end user?
Answered in 
What are the key regions in the Latin America 
the Report biometrics market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     L a t i n  A m e r i c a  B i o m e t r i c s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T e c h n o l o g y
    6 . 1     F a c e  R e c o g n i t i o n
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     H a n d  G e o m e t r y
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     V o i c e  R e c o g n i t i o n
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     S i g n a t u r e  r e c o g n i t i o n
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
    6 . 5     I r i s  R e c o g n i t i o n
        6 . 5 . 1  M a r k e t  T r e n d s
        6 . 5 . 2  M a r k e t  F o r e c a s t
    6 . 6     A F I S
        6 . 6 . 1  M a r k e t  T r e n d s
        6 . 6 . 2  M a r k e t  F o r e c a s t
    6 . 7     N o n - A F I S
Table of         6 . 7 . 1  M a r k e t  T r e n d s        6 . 7 . 2  M a r k e t  F o r e c a s t
    6 . 8     O t h e r s
        6 . 8 . 1  M a r k e t  T r e n d s
Contents         6 . 8 . 2  M a r k e t  F o r e c a s t7     M a r k e t  B r e a k u p  b y  F u n c t i o n a l i t y
    7 . 1     C o n t a c t
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     N o n - c o n t a c t
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     C o m b i n e d
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8     M a r k e t  B r e a k u p  b y  C o m p o n e n t
    8 . 1     H a r d w a r e
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / l a t i n - a m er i ca - b i o m et r i c s - m a r ke t / t o
c
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