Global Biometric Attendance System in Education Market size (2023 - 2030)

The global Biometric Attendance System in Education Market size is estimated to grow from USD 47 Billion in 2022 to USD 88.95 Billion by 2030. The market is witnessing a healthy CAGR of 8.3% from 2023 - 2030. Accurate real-time tracking and no proxy problem is the major factor that is driving the growth of the industry.

Industry Overview:

The biometric machine has become giant use in so many sectors such as industrial, IT, Chemical, Education, etc. Biometric structures are generally used to accumulate biometric records on student attendance data. Biometric structures are rapidly turning into so much beneficial in the faculty for gathering student attendance records due to the fact the preceding attendance system has so many inaccuracies and mistakes. Previously attendance used to be tracked via Roll not calling or punching a card. But these techniques have limitations. Day with the aid of day, biometric student attendance administration structures in faculty are growing due to the fact biometric student attendance administration structures are faster, smoother, and extra accurate.

Previously used student attendance strategies like paper-based or ID card-based attendance structures are now ancient and now not effective. These strategies lead to useless time spent via teachers, professors, and administration to track student attendance. Sometimes manual supervision of a giant quantity of college students is difficult. That’s why these scholar attendance monitoring methods have so many problems and loopholes that can't be stopped by means of these typical methods. In this sort of situation biometric structures come as an answer to this sort of problem. Sometimes these loopholes have a direct impact on the photo of the college and the excellent of education.

Biometric college attendance management appears like futuristic applied sciences for top-rate schools however biometric structures are very beneficial and reasonable options for all faculty authorities and management. Biometric student attendance management protects college students from hackers due to the fact it makes use of sophisticated encryption to make secure scholar Privacy. The use of biometrics in student attendance administration is globally in one-of-a-kind schools, universities and even lessons are now the use of this biometric attendance administration system.

COVID-19 impact on the Biometric Attendance System in Education Market:      

The COVID-19 pandemic adversely impacted the international economy. Nationwide lockdowns and social distancing norms had been imposed throughout quite a few countries, negatively affecting more than one industry, consisting of the biometrics industry. Uncertainty involving the length of the lockdowns made it hard for the key market players to count on the healing of the biometric structures market. Numerous biometrics companies have been under substantial strain throughout a number of fronts due to the COVID-19 pandemic.

However, economies are moving their focus from responding to the pandemic to financial recovery, and hence, a range of increase possibilities are anticipated to emerge for the biometric structures market players due to the developing demand for biometric technology-based surveillance and protection options and the rising want for contactless biometric systems.COVID-19 has induced organizations to mobilize hastily and make short- and long-term adjustments to their business models in phrases of their product offerings' income and distribution capacities. As the virus unfold over the world, global supply networks had been affected, inflicting uncertainty about quarantine length and impacting product sales.

MARKET DRIVERS:

The accurate real-time monitoring feature is driving the growth of the market

Biometric attendance management machines track the student’s moves in the school. Even non-educational teams of workers' attendance monitoring on a real-time based. Know when administrative staff and instructors are coming into and exiting the faculty in real time. Because the biometric attendance management software program tracks the canteen, stores, and type check-in and check-out in a count number of seconds. There is no leg time so the administration can see the place that specific scholar or team of workers at that time.

The no proxy attendance problem feature is also driving the growth of the market

Students’ attendance can be faked or modified by college monitors, different students, teachers, and administrative staff. This all can strive to do sign-in on their behalf for different college students in attendance register by means of pencil or pen. But this is not possible in a biometric attendance management system. Because biometric attendance management studies the special identification of the human physique and that is special in each human body. In the state of affairs of Indian colleges and universities, faux attendance is a very huge trouble and we can remedy this hassle via a biometric attendance administration system.

MARKET RESTRAINTS:

Many technological restrictions in the system are restraining the growth of the market

Revenue boom of the world biometric attendance system in education market is hampered with the aid of enforcement of legal guidelines through governmental corporations in a range of countries. Apart from this, restrictions in biometric science such as picture resolution, bodily accuracy, low-quality capture, and others observed by means of excessive initial investments and device expenses are also proscribing the revenue boom of the market. In addition, users’ private statistics that are accrued and saved via various businesses and governments are under regular hazard from hackers.

BIOMETRIC ATTENDENCE SYSTEM IN EDUCATION MARKET REPORT COVERAGE:

This research report on the global Biometric Attendance System in Education Market has been segmented and sub-segmented based on the Product Type, Contact Type, and region.

Biometric Attendance System in Education Market - By Product Type:

• Hardware

• Software

Among these segments, the most dominant segment with the highest share of the market revenue is the Hardware category, which includes devices utilizing fingerprints, facial characteristics, and other distinct markers to capture attendance records.

Software is the fastest-growing segment. This category harnesses intelligent algorithms and sophisticated data processing methods to optimize attendance management procedures. This particular approach has gained significant popularity among various educational institutions due to its ability to enhance efficiency and accuracy.

Biometric Attendance System in Education Market - By Contact Type:

• Contact based

• Noncontact based

• Hybrid

Contact-based systems dominate the segment by acquiring the largest market share. They rely on physical touch for authentication and often employ fingerprint scanners and handprint recognition for attendance purposes. They offer convenience and simplified deployment and usage, resulting in a lower frequency of errors compared to alternative contact methods. On the other hand, the Noncontact-based systems are the largest growing segment within the market and are estimated to hold a significant market revenue in the coming years. They use techniques like facial recognition and RFID cards, which are experiencing the most rapid growth. These systems are gaining traction due to their touchless nature, aligning well with the need for hygienic practices, especially during the pandemic.

Biometric Attendance System in Education Market - By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East

• Africa

North America stands out as the largest hub for the adoption of Biometric Attendance Systems and the highest market contributor in the regional segment. Its technological prowess and advanced educational infrastructure have paved the way for the widespread integration of these systems across schools and universities.

As we shift our focus to growth projections, the spotlight shines on Asia-Pacific. This region is poised to experience the fastest growth in the Biometric Attendance System market during the forecast period. The combination of rapidly expanding educational institutions, technological advancement, and the increasing emphasis on digitalization drives this growth. As countries within Asia-Pacific continue to invest in education and technological infrastructure, the demand for efficient attendance tracking solutions surges, propelling the region's ascent.

Biometric Attendance System in Education Market Share by Company

1. NEC Corporation (Japan)

2. CardLogix Corporation

3. Fujitsu Limited (Japan)

4. Thales Group (France)

5. Integrated Biometrics LLC

6. Iris ID, Inc.

7. Suprema, Inc. (South Korea)

8. HID Global Corporation

9. Precise Biometrics (Sweden)

10. Aware, Inc.

11. Daon, Inc.

12. M2SYS Technology

Recently, Thales Group launched a new voice biometric solution, a part of the Trusted Digital Identity Service Platform, for onboarding and authentication. It allows the detection of fraudsters attempting to mimic customers

Technological proliferation and growing investments in R&D activities via producers and associations are expected to power the enterprise's growth. There are a number of home and regional rivals prevailing in the market that is challenged to supply progressive offerings, which assist consumers to tackle the altering technologies, safety needs, and enterprise practices. The key individuals are in a wonderful but vulnerable role in terms of market share attainment or dropping points. The key players are adopting a mergers and acquisitions approach with the goal of extending their foothold throughout the globe

NOTABLE HAPPENINGS IN THE GLOBAL BIOMETRIC ATTENDANCE SYSTEM IN EDUCATION MARKET  IN THE RECENT PAST:

• Collaboration - In Sept 2022, IDEMIA collaborated with Microsoft to deliver next-generation eSIM and connectivity solutions for consumer and M2M/IoT devices