Business

Brazilian biometric firm leaving its prints on the global market

biometric brazil global market

In 2002, Iron Daher, a businessman from the state of Goiás, decided to invest in what he saw as a promising business: biometrics systems. He wasn’t wrong. The global biometric sensors market is booming and is expected to continue posting terrific numbers, with a 9.6-percent compound annual growth rate between 2015 and 2023. The market was valued at USD 710 million back in 2014, a figure that will soar to USD 1.6 billion in 2023.

Mr. Daher’s startup, Griaule Biometrics, is proof of the meteoric growth in the market. Founded in 2002, the startup was incubated...

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