Contactless Biometrics Technology Market – Global Opportunities & Forecast, 2020-2027

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

The Contactless Biometrics Technology Market drivers and trends are as follows:

Growing demand for secure, hygienic, and convenient authentication systems and rising need for a high level of security in public and private sectors are the major factors that are projected to fuel the market growth for contactless biometrics technology. Rising usage of identification and data capture technology for security purpose in a large range of areas including e-commerce and retail industry, border control applications, BFSI sector, government offices, airports, corporate sector, and others are further promoting the use of touchless authentication technology, thus, bolstering the market growth. Increasing penetration of smartphones and tablets, along with the rising focus of manufacturers on incorporating facial recognition software for smartphones as verification to unlock their smartphones offers secure access to apps and authenticates payments, is further anticipated to boost the market growth.

Technological advancements in biometric sensors, artificial intelligence, and computing power are further leveraging contactless biometric to be a very powerful technology for identifying or authenticating users. The emergence of COVID 19 has increased the usage of contactless biometric authentication to decrease the number of things people need to touch while accessing any secured locations and conducting transactions on public devices such as kiosks, ATMs, and payment systems. This factor will encourage consumers to opt for contactless biometrics technology. This factor is projected to energize the market growth in the upcoming years. On the other hand, the high cost of contactless biometrics solutions and high risk of data theft or identity theft are factors that are hampering the market growth of contactless biometrics technology in the upcoming years.

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Key Benefits of the Report:

·         This report offers an analytical depiction of the contactless biometrics technology market while providing the current trends and future estimations to determine the imminent investment pockets.

·         This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the contactless biometrics technology market share.

·         The report also provides a detailed contactless biometrics technology market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Contactless Biometrics Technology Market report:

·         Aware Inc.

·         Fingerprint Cards AB

·         Fujitsu Limited

·         Thales Group

·         HID Global Corporation

·         IDEMIA Group S.A.S.

·         M2SYS Technology

·         NEC Corporation

·         nViaSoft

·         Touchless Biometric Systems AG

Segmentation of the Contactless Biometrics Technology Market:

Breakup by Component:

·         Hardware

·         Software

·         Service

o   Professional Services

o   Managed Services

Breakup by Application:

·         Face

·         Hand Geometry

·         Voice

·         Fingerprint

·         Iris

·         Others

Breakup by End-Use:

·         Government

·         Banking & Finance

·         Consumer Electronics

·         Healthcare

·         Transport & Logistics

·         Defence & Security

·         Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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