In the aftermath of the COVID-19 pandemic, global biometric device revenues are expected to drop 22%, ($1.8 billion) to $6.6 billion, according to a report from ABI Research. The entire biometrics market, however, will regain momentum in 2021 and is expected to reach approximately $40 billion in total revenues by 2025.

Global biometric device revenues in 2020

“The current decline in the biometrics market landscape stems from multifaceted challenges from a governmental, commercial, and technological nature,” explains Dimitris Pavlakis, Digital Security Industry Analyst.