According to a 2021 survey carried out among industry professionals all around the globe, privacy and data protection concerns were considered to be the factors that restrained the biometrics market to the greatest extent, as stated by 65 percent of survey respondents. Lack of public trust was mentioned by 51 percent of respondents, while 44 percent indicated that legislation and governance was one of the biggest restraining factor for the biometrics market.
Opinion on the restraining factors to further development in the biometrics market worldwide, as of June 2021
Characteristic
Share of respondents mentioning
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members of the Biometrics Institute, other key stakeholders and industry and media contacts.
Method of interview
Email survey
Supplementary notes
The original survey question posed was "Which of these factors do you think restrain the market for biometrics to the greatest extent? Please select up to four factors"
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Biometrics Institute. (July 14, 2021). Opinion on the restraining factors to further development in the biometrics market worldwide, as of June 2021 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1264295/restraining-factors-of-biometrics-market/
Biometrics Institute. "Opinion on the restraining factors to further development in the biometrics market worldwide, as of June 2021." Chart. July 14, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1264295/restraining-factors-of-biometrics-market/
Biometrics Institute. (2021). Opinion on the restraining factors to further development in the biometrics market worldwide, as of June 2021. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1264295/restraining-factors-of-biometrics-market/
Biometrics Institute. "Opinion on The Restraining Factors to Further Development in The Biometrics Market Worldwide, as of June 2021." Statista, Statista Inc., 14 Jul 2021, https://www.statista.com/statistics/1264295/restraining-factors-of-biometrics-market/
Biometrics Institute, Opinion on the restraining factors to further development in the biometrics market worldwide, as of June 2021 Statista, https://www.statista.com/statistics/1264295/restraining-factors-of-biometrics-market/ (last visited August 25, 2024)
Opinion on the restraining factors to further development in the biometrics market worldwide, as of June 2021 [Graph], Biometrics Institute, July 14, 2021. [Online]. Available: https://www.statista.com/statistics/1264295/restraining-factors-of-biometrics-market/