WASHINGTON, Aug. 08, 2023 (GLOBE NEWSWIRE) — According to insights from Vantage Market Research, the Global Human Identification Market has displayed consistent growth over the years, primarily driven by escalating concerns surrounding security and privacy issues. The evolution of biometric technologies, coupled with the pressing requirement for dependable identification across diverse sectors like finance, healthcare, and law enforcement, has propelled an upward trajectory in the demand for Human Identification solutions. This trend showcases a sustained momentum in the market’s expansion.
Vantage Market Research projects that the worldwide Human Identification Market is poised to achieve a substantial valuation of approximately USD 2.7 Billion by the year 2030. This projection is underpinned by an anticipated Compound Annual Growth Rate (CAGR) of 13.8% spanning the forecast period from 2023 to 2030. The market has already demonstrated its robust trajectory, with a notable ascent to USD 1.1 Billion in the year 2022. This trajectory is indicative of the market’s vitality and potential for further expansion.
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Human Identification encompasses a spectrum of techniques that are intricately linked to the collection and training of biometric data. These techniques facilitate the targeted examination of an individual’s distinct attributes, serving a dual purpose in the realms of forensics. They’re harnessed by law enforcement agencies and investigative bodies for two key objectives: criminal identification and comprehensive analysis of human traits.
This dynamic system of Human Identification is remarkably versatile, capable of accommodating an array of human traits. These traits encompass a range of features such as facial characteristics, fingerprints, lip patterns, iris structure, palm prints, and an array of other distinguishing attributes. Furthermore, the landscape of Human Identification continues to evolve, welcoming potential innovative inclusions like the examination of the tongue’s unique characteristics. This holistic approach reflects the system’s adaptability and its commitment to capturing the multifaceted nature of human identity.
- By technology, in 2022, PCR held a commanding 42% of the global Human Identification market.
- By application, in 2022, forensic analysis held a commanding 62% of the global Human Identification market.
- By end-user the market for Human Identification globally is dominated by the category of forensic labs and law enforcement organizations.
- During the forecast period of 2023–2030, the North American region is anticipated to dominate the global market for Human Identification.
Top Companies in The Human Identification Market
- Cytiva (U.S.)
- PerkinElmer Inc. (U.S.)
- BioTek Instruments Inc. (U.S.)
- Tecan Trading AG (Switzerland)
- Abbott (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- BD (U.S.)
- Bio-Rad Laboratories Inc. (U.S.)
- Merck KGAA (Germany)
- Agilent Technologies Inc. (U.S.)
- Illumina Inc. (U.S.)
- General Electric (U.S.)
- Siemens Healthcare GmbH (Germany)
- Hitachi Ltd. (Japan)
- Verogen Inc. (U.S.)
- QIAGEN (Germany)
- Eurofins Scientific (Luxembourg)
- Ciro Manufacturing Corp. (U.S.)
- Hamilton Company (U.S.)
- Sorenson Forensics (U.S.)
- Innogenomics Technologies LLC (U.S.)
- Genex Diagnostics Inc. (U.S.)
- LGC Limited (UK)
- NMS Labs (U.S.)
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The applications of Human Identification have proliferated across a multitude of industries, signifying its paramount importance in various sectors. Prominent among these is the utilization of cutting-edge fingerprint recognition and DNA profiling technologies, extensively employed within forensic science and law enforcement domains. These technologies play a pivotal role in the identification of criminals and the resolution of criminal cases, exemplifying the potency of Human Identification in enhancing public safety. The healthcare industry, too, has embraced Human Identification for an array of functions. It is instrumental in orchestrating clinical trials, streamlining data management, and elevating patient care standards. The efficacy of Human Identification has led to its integration into healthcare practices, fostering improved precision and efficiency.
Top Trends in Global Human Identification Market
The landscape of Human Identification is marked by several prominent trends that are reshaping the industry’s trajectory. Foremost among these trends is the widespread adoption of biometric identification technology, which has garnered significant attention due to its exceptional accuracy and reliability. Biometric solutions such as iris scanning, facial recognition, and fingerprint recognition have gained substantial traction, driven by their proven efficacy in discerning unique individual traits. This trend underscores the growing affinity for solutions that enhance precision and bolster security. A transformative wave sweeping across Human Identification systems is the infusion of machine learning (ML) and artificial intelligence (AI). These cutting-edge technologies inject a new dimension of capabilities into the identification process. By harnessing AI and ML algorithms, these systems are empowered to swiftly process and interpret vast volumes of data in real-time. This synergy significantly enhances the systems’ proficiency in identification and analysis, heralding an era of heightened efficiency.
The imperative for meticulous identification within sectors such as healthcare, security, and forensic applications serves as a potent catalyst for the burgeoning global Human Identification Market. This surge in demand for sophisticated identification solutions finds its roots in the escalating occurrences of identity theft and unlawful immigration, underscoring the urgency for robust identification methodologies. Furthermore, the market’s expansion gains momentum through the transformative strides in technology. The evolution of DNA profiling, fingerprint analysis, and facial recognition methodologies is pivotal in reshaping the landscape. These innovations transcend traditional boundaries, heralding a new era of identification precision and efficacy.
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The ascent of the Human Identification Market encounters notable obstacles, with the formidable cost of contemporary identification technologies standing as a prominent deterrent to its expansion. This financial barrier presents challenges for market participants, necessitating careful consideration of resource allocation to navigate the complexities. Compounding the challenge are stringent government regulations that exert a substantial influence on the market landscape. These regulations, while crucial for safeguarding privacy and data protection, can introduce complexities and constraints that demand meticulous adherence.
The burgeoning Human Identification Market finds itself at the cusp of substantial growth opportunities, particularly within emerging economies. This transformative trajectory is propelled by the confluence of rising urbanization, increasing disposable income, and a concerted governmental emphasis on fortifying security infrastructure. These factors collectively serve as drivers, igniting a robust demand for advanced identification solutions.
Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on Human Identification Market Forecast Report (2023-2030).
Recent Development of the Global Human Identification Market
- Promega’s Spectrum CE System: In a milestone event on May 12, 2022, Promega Corporation unveiled the Spectrum CE System. This cutting-edge technology has been designed to empower forensic laboratories, equipping them to conduct Human Identification for both database cases and criminal casework. This introduction stands as a pivotal advancement, underscoring the industry’s commitment to enhancing identification methodologies.
- Denver Office of the Medical Examiner’s Grant: On May 23, 2022, a substantial federal grant amounting to USD 386,000 was awarded to the Denver Office of the Medical Examiner. This grant was instrumental in facilitating the procurement of a rapid DNA processor, capable of swiftly generating genetic test results. The rapidity of this technology holds immense significance, enabling accelerated identification of victims in the aftermath of mass casualty incidents. Furthermore, it aids in identifying family members of unidentified bodies, significantly expediting the process of closure for affected families.
- Guinness World Record for DNA Sequencing: On January 12, 2022, a groundbreaking achievement was accomplished as a research team led by Stanford University secured the first Guinness World Record for the swiftest DNA sequencing method. The team succeeded in sequencing the entire human genome in a mere 5 hours and 2 minutes. This feat exemplifies the extraordinary strides taken in the field of DNA sequencing, paving the way for a paradigm shift in genetic analysis.
Global Human Identification Market Segmentation
- Forensic Analysis
- Paternity Testing
- Personal Identity Verification
- Missing Persons’ Identification
- Disaster Victim Identification
- Other Applications
- Polymerase Chain Reaction (PCR)
- Short Tandem Repeat (STR)
- Next-Generation Sequencing (NGS)
- Capillary Electrophoresis (CE)
- Other Technologies
- Forensic Laboratories
- Government & Private Organizations
- Academic & Research Institutes
- Diagnostic Centers
- Other End-Users
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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North America stands at the forefront of the Human Identification Market, substantiated by a confluence of factors that underscore its leadership position. This prominence is fueled by the extensive integration of contemporary technologies across pivotal domains such as biometrics, forensic science, and DNA profiling. This comprehensive adoption of modern tools has propelled the region to command the lion’s share of the market.
North America’s proclivity for ID verification services is particularly striking, resonating across diverse sectors including banking, finance, telecommunications, and government agencies. The need for rigorous identity verification underpins these industries, attesting to the integral role Human Identification plays in bolstering security and authenticity.
Scope of the Report:
|Market Size in 2022||USD 1.1 Billion|
|Revenue Forecast by 2030||USD 2.7 Billion|
|CAGR||13.8% from 2023 to 2030|
|Forecast Year||2023 to 2030|
|Key Players||Cytiva, PerkinElmer Inc., BioTek Instruments Inc., Tecan Trading AG, Abbott, Thermo Fisher Scientific Inc., BD, Bio-Rad Laboratories Inc., Merck KGAA, Agilent Technologies Inc., Illumina Inc., General Electric, Siemens Healthcare GmbH, Hitachi Ltd., Verogen Inc., QIAGEN, Eurofins Scientific, Ciro Manufacturing Corp., Hamilton Company, Sorenson Forensics, Innogenomics Technologies LLC, Genex Diagnostics Inc., LGC Limited, NMS Labs|
|Customization Options||Customized purchase options are available to meet any research needs. Explore customized purchase options https://www.vantagemarketresearch.com/human-identification-market-2197/customization-request|
Key Questions Answered in Human Identification Market Report:
- What are the key advancements and innovations in Human Identification technology?
- How is the regulatory landscape shaping the growth and deployment of Human Identification Market?
- What are the current challenges and limitations associated with the use of Human Identification Market?
- What is the market outlook for Human Identification market in terms of growth and expansion?
- What are the potential cost-efficiency and resource-saving benefits associated with these advanced Human Identification technologies?
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Hohem Shines at IFA and IBC Exhibitions with Innovative AI Tracking Stabilizers
SHENZHEN, China, Sept. 30, 2023 /PRNewswire/ — Recently, Hohem, a trailblazer in the gimbal market, showcased its innovation at two renowned international exhibitions – the IFA exhibition in Berlin from September 3 to September 5, and the IBC exhibition in Amsterdam from September 15 to September 18. These exhibitions are significant platforms for industry players to present their latest innovations and connect with enthusiasts.
The IFA exhibition, a global hub for consumer electronics, saw Hohem presenting a range of sought-after smartphone gimbal and camera stabilizers, such as iSteady M6 and iSteady MT2. The magnetic AI tracker is much to the delight of photography enthusiasts. With this sensor, users can enjoy a smooth AI tracking experience without the need for an app or Bluetooth connection. By simply facing the AI sensor and making gestures, iSteady MT2 and iSteady M6 swiftly and accurately tracks the subject, capturing facial and body movements even in challenging scenarios.
At IFA, Hohem shared the stage with industry giants like DJI, Zhiyun, Huawei and Apple, underlining its position amidst renowned brands in the smart imaging arena. The booth design, characterized by a blend of deep black and vibrant orange, was a visual treat, adding a touch of sophistication and modernity.
Following IFA, Hohem participated in the IBC exhibition, a prestigious event in the broadcasting industry. The booth, mirroring the design theme from IFA, presented Hohem’s innovative applications of smart imaging technology in broadcasting. This event also featured industry stalwarts like Canon, Sony and Nikon, further enriching the discourse on broadcasting technology and imaging. Furthermore, the Hohem MIC-01 Wireless Microphone has received recognition and acknowledgment from industry competitors, establishing Hohem as a key player in the gimbal market.
In the coming days, Hohem will continue to uphold its brand mission of “Create a more straightforward way of recording memorable moments with tech” and introduce more user-friendly and efficient smart imaging devices. Hohem aspires to earn the trust and admiration of consumers globally, emerging as a go-to brand in the smart imaging landscape.
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Digital Twin Market size worth USD 133.7 Billion, Globally, by 2030 at 38.1% CAGR: Verified Market Research®
The “Global Digital Twin Market Size By Type, By Technology, By Industry, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Digital Twin Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Sept. 29, 2023 /PRNewswire/ — The Global Digital Twin Market is projected to grow at a CAGR of 38.1% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 7.2 Billion in 2022 and is expected to reach USD 133.7 Billion by the end of the forecast period.
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Browse in-depth TOC on “Digital Twin Market”
202 – Pages
126 – Tables
37 – Figures
Global Digital Twin Market Sees Unprecedented Growth Amidst Pandemic Challenges
The global Digital Twin Market is experiencing remarkable growth, transforming industries and revolutionizing decision-making processes across the board. A Digital Twin, a virtual replication of physical entities or systems, is driving innovation and operational efficiency across healthcare, pharmaceuticals, automotive, transportation, and aerospace sectors.
Digital Twin Market Drivers and Industry Insights:
Amid the challenges posed by the COVID-19 pandemic, the healthcare and pharmaceutical sectors have embraced Digital Twin technology, leveraging its capabilities for drug experimentation, patient monitoring, and medication impact assessments. The energy & power sector is emerging as a significant driver of Digital Twin adoption, with the manufacturing industry optimizing operations through its integration.
Digital Twin Market Outlook and Future Prospects:
The global Digital Twin market’s outlook remains promising, driven by the imperative need for data-driven decision-making and enhanced operational efficiency. Through real-time data analysis and predictive modeling, Digital Twins enable organizations to anticipate and optimize the performance of products and processes throughout their lifecycle. The market’s growth is further propelled by ongoing advancements in technology, fostering a landscape of innovation and strategic collaborations.
North America stands at the forefront of the Digital Twin revolution, serving as a key innovation center and early adopter of Digital Twins and associated technologies. Major industry players, including General Electric (US), have significantly invested in the sector, underlining the region’s market leadership. Their contributions are shaping the industry’s future, driving research, and fostering advancements that will redefine how businesses operate in the digital age.
Digital Twin Market Key Players
The “Global Digital Twin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Swim AI, Robert Bosch, Oracle, SAP, Ansys, Siemens AG, Microsoft Corporation, PTC, IBM, and General Electric.
The Digital Twin market represents a pivotal shift in how industries approach decision-making and operational efficiency. As we navigate the challenges brought forth by the pandemic, Digital Twins offer a beacon of innovation, enabling organizations to thrive in an increasingly digital world
To get market data, market insights, financial statements and a comprehensive analysis of the Global Digital Twin Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Digital Twin Market into Type, Technology, Industry, And Geography.
Digital Twin Market, by Typeo System Digital Twin
o Process Digital twin
o Product Digital Twin
Digital Twin Market, by Technologyo Big Data Analytics
o AR, VR, and MR
o AI and ML
Digital Twin Market, by Industryo Retail
o Automotive and Transportation
Digital Twin Market, by Geographyo North America
GermanyFranceU.KRest of Europeo Asia Pacific
ChinaJapanIndiaRest of Asia Pacifico ROW
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Public Key Infrastructure (PKI) Market worth $13.8 billion by 2028 – Exclusive Report by MarketsandMarkets™
PKI will continue to be used by organisations for secure digital communications, identity management, and data protection in an increasingly linked and digitised world because to its flexibility to adapt to new technologies and security issues
CHICAGO, Sept. 29, 2023 /PRNewswire/ — The global Public Key Infrastructure Market is estimated to be worth USD 5.5 billion in 2023 and is projected to reach USD 13.8 billion by 2028, at a CAGR of 20.2% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Public Key Infrastructure (PKI) Market”
358 – Tables 56 – Figures300 – Pages
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Scope of the Report
Market size available for years
Base year considered
Value (USD) Million/Billion
By offering, deployment mode, organization size, application, and vertical
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), SSL.com (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US)
The PKI market is being propelled by a convergence of factors in today’s digitally connected world. The escalating volume and complexity of cyberattacks have made robust security a paramount concern for organizations, prompting increased demand for PKI’s encryption, authentication, and digital signature capabilities. Secondly, regulatory compliance requirements, such as GDPR and HIPAA, mandate secure data handling and encryption, compelling organizations to adopt PKI solutions. The rise of digital transformation initiatives, remote work, and the Internet of Things further fuel the need for PKI to safeguard digital interactions, protect sensitive data, and establish trust in online transactions. As the digital landscape continues to expand and evolve, PKI remains the linchpin for ensuring cybersecurity, making it a pivotal driver in the cybersecurity market.
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By offering, the services segment to register the highest growth rate during the forecast period
The services segment of the PKI market is poised to register the highest growth rate during the forecast period, underlining the critical role of expert services in enabling organizations to harness the full potential of PKI solutions. Implementing and managing PKI can be complex, involving intricate cryptographic processes and security considerations. As cybersecurity threats evolve, organizations recognize the need for specialized expertise in securing digital identities and data. PKI service providers offer invaluable support, consultation, and implementation services to ensure a seamless and secure PKI deployment. Their role extends to customizing PKI solutions to align with the unique infrastructure of each organization, integrating PKI seamlessly into existing systems, and providing managed PKI services to streamline certificate management. Furthermore, PKI service providers play a vital role in ensuring compliance with stringent regulatory standards and industry best practices. Their training and support services empower organizations to maximize the benefits of PKI while maintaining the highest levels of security.
Based on vertical, the healthcare segment is to grow at the highest CAGR during the forecast period
The healthcare sector is poised to experience the highest compound annual growth rate within the PKI market during the forecast period, signaling a significant shift towards robust security and digital trust solutions. Several key factors contribute to this remarkable growth trajectory. The healthcare sector deals with highly sensitive patient data, making data security and patient privacy paramount concerns. PKI’s encryption and authentication capabilities provide a robust framework for safeguarding electronic health records, ensuring the integrity of medical data, and enabling secure sharing of patient information among healthcare providers. The COVID-19 pandemic has accelerated the adoption of telemedicine and remote healthcare services. The need for secure and trusted digital identities and communications has surged as the healthcare industry increasingly relies on digital platforms for remote consultations, diagnosis, and patient monitoring. PKI plays a pivotal role in enabling secure telehealth services, ensuring that patient data remains confidential and unaltered during remote interactions.
North America to hold the largest market share during the forecast period.
North America holds the largest market share during the forecast period in the PKI market, underscoring the region’s strong emphasis on cybersecurity, digital innovation, and regulatory compliance. North America is home to many enterprises, financial institutions, healthcare organizations, and government agencies, all of which rely heavily on robust cybersecurity solutions like PKI to protect sensitive data and ensure secure online transactions. The region’s recognition of PKI as a fundamental element of cybersecurity strategy drives its substantial market share. The United States, in particular, has a highly developed cybersecurity ecosystem, with numerous cybersecurity companies, research institutions, and government initiatives focused on enhancing digital security. This environment fosters innovation and adoption of advanced PKI solutions to address emerging threats.
Top Key Companies in Public Key Infrastructure (PKI) Market:
The major players in the Public Key Infrastructure Market are Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), SSL.com (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US).
April 2023 – Thales adds new phishing-resistant hybrid authenticators to its Passwordless Authentication for Microsoft Azure Active Directory Customers offering.April 2023 – Entrust Introduces Zero Trust Ready Solutions for Multi-Cloud Key Compliance, Next-Generation HSM, and Passwordless AuthenticationJanuary 2023 – A comprehensive digital trust system that combines public key infrastructure (PKI), certificate management, and certificate authority (CA) services was introduced by DigiCert. A significant product launch is Trust Lifecycle Manager, which is currently accessible as a component of the DigiCert ONE platform.February 2022 – To increase public trust in the cloud, Thales announced the continuation of its cooperation with Google Cloud. Organizations can confidently use the Google Cloud Platform (GCP) if the connection is stronger. The technique known as ubiquitous data encryption, which combines Thales’ Cypher Trust Cloud Key Manager and Google Cloud’s Confidential Computing, is activated. Customers can create and manage the encryption keys for data sent to Google Confidential Cloud Computing using the Thales Cypher Trust Data Security Gateway.Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=145372975
Public Key Infrastructure (PKI) Market Advantages:
Using cryptographic techniques to shield data from unauthorised access and manipulation, PKI offers a solid framework for protecting digital communications and transactions.Sensitive data is kept private and secure during transmission and storage because to PKI’s data encryption capabilities.Organisations are able to confirm the identity of users and devices before authorising access to sensitive resources thanks to PKI, which enables secure user and device authentication.Digital signatures can be created and verified with PKI, protecting the integrity and legitimacy of electronic documents and transactions.PKI offers non-repudiation, which makes it impossible for participants to claim they were not involved in a transaction because digital signatures serve as evidence of validity.Through techniques like S/MIME (encrypt/Multipurpose Internet Mail Extensions), PKI can encrypt email connections and protect the confidentiality and integrity of email information.Organisations can authorise access to systems and data based on certificate validation using PKI-based access controls, which provides an additional layer of protection.By issuing and managing digital certificates, PKI facilitates identity management by streamlining user access and account management.PKI offers a secure framework for data protection and identity verification, assisting organisations in adhering to legal and compliance standards.Report Objectives:
To define, describe, and forecast the Public Key Infrastructure Market based on segments based on offering, deployment mode, organization size, application, and vertical with regions covered.To forecast the size of the market segments with respect to five regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.To provide detailed information on the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the Public Key Infrastructure Market.To analyze each submarket with respect to individual growth trends, prospects, and contributions to the global Public Key Infrastructure Market.To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global Public Key Infrastructure Market.To profile the key market players, such as top and emerging vendors; provide a comparative analysis based on their business overviews, product offerings, and business strategies; and illustrate the market’s competitive landscape.To track and analyze competitive developments in the market, such as new product launches, product enhancements, partnerships, acquisitions, and agreements and collaborations.Browse Adjacent Market: Information Security Market Research Reports & Consulting
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